Accounting Manager - Acquisition
Company: Hanger, Inc.
Posted on: February 15, 2019
Why Us? With a mantra of Empowering Human Potential, Hanger, Inc. is the world's premier provider of orthotic and prosthetic (O&P) services and products, offering the most advanced O&P solutions, clinically differentiated programs and unsurpassed customer service. Hanger's Patient Care segment is the largest owner and operator of O&P patient care clinics nationwide. Through its Products & Services segment, Hanger distributes branded and private label O&P devices, products and components, and provides rehabilitative solutions to the broader market. Built on the legacy of James Edward Hanger, the first amputee of the American Civil War, Hanger is steeped in 150 years of clinical excellence and innovation with a vision to be the partner of choice for products and services that enhance human physical capability. Collectively, Hanger employees touch thousands of lives each day, helping people achieve new levels of mobility and freedom. Hanger, Inc. is an equal opportunity employer - female/minority/disability/vet. Could This Be For You? As the Accounting Manager - Acquisition you will report directly to the Director of Financial Reporting within the Hanger Accounting and Finance Department. In this critical role, you will serve as the subject matter expert on ASC 805, Business Combinations and other relevant literature, as well as be responsible for supporting the finance and accounting department's due diligence efforts over target companies and the related purchase accounting. In addition, you will assist the Director of Financial Reporting as the primary liaison between the Company's external valuation specialists for significant acquisitions, as well as performing internal valuations of acquired intangible assets and liabilities. You will enjoy the ability to combine your unique blend of professional and technical skills to ensure that our patients, employees, referral sources, shareholders, and the markets remain informed with great transparency the results of our efforts on behalf of all of those we serve. This is an individual contributor role within the Financial Reporting Group, a critical aspect of which is the technical accounting for acquisitions and supporting external and internal efforts surrounding the valuation of intangibles. This is a highly visible role, which requires coordination and communication across various departments involved in the acquisitions process and perform various hands-on tasks as you coordinate the accounting group's due diligence efforts and prepared documentation necessary to complete purchase accounting in accordance with ASC 805, Business Combinations and the Company's internal control framework. In addition, this role will prepare the necessary documentation for purposes of SEC Reporting and disclosure to investors and shareholders in the Company. A key component of this role is your ability to communicate and collaborate with cross- functional internal teams and external auditors as we perform the complex steps and actions required to properly execute on the Company's acquisitions strategies. As an impact player who ensures accuracy and accountability while facilitating change during a time of great transformation for our organization, your success in this role depends on your ability to build operational excellence through process and metrics. Your Impact Essential Functions and Responsibilities:* Oversee the acquisition accounting process from due diligence through the initial recording of the purchase accounting entry.* Prepare technical accounting research and memorandum(s) documenting the Company's accounting for acquisitions under applicable guidance, including the Company's application of assumptions underlying the internal or external valuation.* Review purchase agreements to determine the relevant accounting impact on the opening balance sheet and integration activities.* Serve as the primary liaison to the Company's external valuation specialist(s) used to support management's valuation of intangible assets assumed and liabilities acquired.* Prepare discounted cash flow models in connection with the internal valuation of intangible assets acquired through acquisitions.* Prepare purchase price allocations and supporting schedules to record acquisition activity.* Prepare the technical accounting analysis and lead the Company's annual valuation of goodwill and indefinite lived intangible assets with the assistance of external valuation consultants, as necessary.* Assist in the coordination and execution of due diligence procedures performed in connection with acquisitions.* Work closely with external & internal auditors to determine effectiveness of internal controls surrounding the business combinations process in accordance with Sarbanes-Oxley and company policies and procedures. Minimum Qualifications To be formally considered for this key position within the team, you must have achieved all of the following required minimal qualifications: Bachelor's degree in Accounting or Finance. Minimum of 5 years of related acquisition accounting experience either within a publicly traded company or valuation firm serving publicly traded companies, applying GAAP principles. The following experience is strongly preferred:* Three (3) years of Big 4 public accounting with experience in valuation and exposure to accounting for business combinations.* Excellent verbal and written communication skills.* Advanced Excel skills and preparation of discounted cash flows models valuing intangible assets.* Certified Public Accountant (CPA), preferred but not required in lieu of valuation experience. Additional Success Factors* Strong technical GAAP knowledge and/ or application of valuation principles related to:* Acquisitions of multiple small and independent businesses.* Intangible assets acquired in a business combination and the associated valuation models, such as customer lists, trade names, etc.* Applying a fair market value principles to the accounting for acquired assets and liabilities.* Excellent verbal and written communication skills.* Advanced Excel skills and preparation of discounted cash flow models valuing intangible assets.* Act with integrity in all ways and at all times, remaining honest, transparent, and respectful in all relationships.* Keep the patient at the center of everything that you do, building lifelong trust.* Foster open collaboration and constructive dialogue with everyone around you.* Continuously innovate new solutions, influencing and responding to change.* Focus on superior outcomes, and calibrate work processes for outstanding results. Our Investment in You* Competitive salary.* Competitive health and insurance benefits.* Annual target bonus or commission.* Paid vacation and sick time.* Frequent company update talks with our leadership team. Hanger, Inc. is committed to providing equal employment opportunity in all aspects of the employer-employee relationship. All conditions and privileges of employment are administered to all employees without discrimination or harassment because of race, religious creed, color, age, sex, sexual orientation, gender identity, national origin, religion, marital status, medical condition, physical or mental disability, military service, pregnancy, childbirth and related medical conditions, special disabled veteran status, or any other classification protected by federal, state, and local laws and ordinances. The Company will comply fully with all applicable state or local fair employment laws that forbid discrimination or harassment on the basis of other protected characteristics. Retaliation against any employee for filing or supporting a complaint of discrimination or harassment is prohibited.
Keywords: Hanger, Inc., Austin , Accounting Manager - Acquisition, Accounting, Auditing , Austin, Texas
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