Chief Accounting Officer - Durham, NC

Fortrea

$180K — $220K *
Legal & Accounting
11 - 15 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s degree in Accounting, Finance, or Business Administration required.
  • Certified Public Accountant (CPA) or equivalent qualification is essential.
  • Expertise in US GAAP, SEC reporting, and SOX compliance is necessary.
  • Deep understanding of revenue recognition, particularly ASC 606, is required.
  • 10+ years in a senior finance leadership role, such as CAO or Corporate Controller, is essential.
  • Experience in global accounting and audit environments is a must.
  • Strong executive communication and ethical decision-making skills are needed.

Responsibilities

  • Lead Fortrea’s global accounting organization overseeing all accounting functions.
  • Ensure timely completion of close processes and resolve material accounting issues.
  • Manage external financial reporting, including SEC filings and disclosures.
  • Establish and maintain compliance with accounting policies and regulatory standards.
  • Provide technical accounting guidance on complex transactions and initiatives.
  • Design and enhance internal controls, ensuring SOX compliance.
  • Drive finance transformation initiatives for improved efficiency and accountability.

Benefits

  • Opportunities for professional development and continuous learning.
  • A culture of accountability and ethical conduct is promoted.
  • Dynamic and supportive work environment.
  • Collaboration with cross-functional leadership on high-impact projects.
  • Potential for occasional international travel supporting business needs.
Full Job Description

Job Overview:

The Chief Accounting Officer is a senior Finance leader responsible for Fortrea’s global accounting, external reporting, internal controls, and compliance environment. This role leads the accounting organization, including record-to-report and payroll-related accounting processes, oversees external auditor relationships and annual audit activities, and partners closely with the CFO and cross-functional leaders to support disciplined decision-making and scalable finance transformation. The Chief Accounting Officer provides technical accounting leadership, supports strategic growth initiatives, and strengthens global accounting processes through public-company reporting expertise, enterprise leadership, and continuous improvement.He/she further serves as the designated Principal Accounting Officer for SEC financial statement certification.

Summary of Responsibilities: 

 

Accounting Leadership, Close & Reporting 

  • Lead Fortrea’s global accounting function, including corporate accounting, record-to-report, consolidation, close management, payroll-related accounting, technical accounting, and accounting operations. 

  • Oversee timely and accurate monthly, quarterly, and annual close processes, driving a disciplined close calendar, clear ownership, and resolution of material accounting matters. 

  • Lead external financial reporting processes, including SEC reporting, financial statement preparation, earnings support, and related disclosure controls in partnership with the CFO, Legal, Investor Relations, and external advisors. 

  • Establish, maintain, and interpret accounting policies, ensuring compliance with US GAAP, SEC requirements, applicable company policies, and evolving regulatory standards. 

  • Provide technical accounting leadership for complex transactions, including revenue recognition, business combinations, restructuring, impairments, equity, compensation, leases, debt, and other significant accounting matters. 

Controls, Compliance & Audit Governance 

  • Own the design, execution, and continuous improvement of internal control over financial reporting, including SOX compliance, control remediation, and partnership with Internal Audit and external auditors. 

  • Lead the external auditor relationship and annual audit process, ensuring audit readiness, quality deliverables, issue resolution, and transparent escalation of key matters. 

  • Support Audit Committee and executive leadership discussions by preparing clear, concise updates on financial reporting, technical accounting, finance policies, control status, audit progress, and critical projects. 

  • Promote and establish a culture of accountability, ethical conduct, compliance, and strong financial governance across the global accounting organization. 

  • Identify, assess, and escalate financial reporting, control, compliance, and audit risks with clear recommendations and executive-level judgment.

Finance Transformation & Operational Excellence 

  • Drive accounting transformation initiatives, including process standardization, automation, shared services optimization, finance systems improvements, scalable operating model design, and stronger end-to-end accounting workflows.

  • Co-manage external contractor partnerships

  • Identify and sponsor opportunities to improve close efficiency, data quality, reporting reliability, transparency, controls, and controllership capabilities while reducing manual effort across regions and functions.

  • Support potential M&A, integration, capital structure and other strategic processes

Leadership, Talent & Business Partnership

  • Build, lead, and develop a high-performing global accounting team with clear roles, succession depth, technical capability, and strong engagement.

  • Provide enterprise-level counsel to the CFO and senior leaders on accounting implications, reporting risks, operational decisions, and regulatory considerations.

  • Collaborate with FP&A, Tax, Treasury, Investor Relations, Legal, HR, Procurement, and business unit leaders while representing Accounting in cross-functional governance forums, transformation programs, and strategic initiatives requiring financial reporting or control expertise.

  • Perform all other duties as needed or assigned.

Travel: This role may require occasional domestic and international travel, estimated at approximately 10–20%, based on business, audit, leadership, and transformation needs.

Qualifications (Minimum Required): 

  • Bachelor’s degree in Accounting, Finance, Business Administration, or a related discipline. 

  • Certified Public Accountant (CPA) or equivalent professional accounting qualification required where applicable to the role and jurisdiction. 

  • Comprehensive knowledge of US GAAP, SEC reporting, SOX, internal controls, financial statement preparation, external audit processes, public-company reporting obligations, and complex technical accounting matters. 

  • Deep experience with revenue recognition in project-based, long-term contract environments, including ASC 606, legacy ASC 605 considerations, contract modifications, pass-through costs, reimbursables, and CRO-specific revenue accounting practices. 

  • Experience overseeing global statutory reporting, local audits, legal entity accounting, and coordination across regional finance teams. 

  • Experience supporting SEC filings, including Form 10-K, Form 10-Q, earnings materials, disclosure controls, and Audit Committee reporting. 

  • Experience leading accounting activities related to M&A, divestitures, integrations, purchase accounting, and complex restructuring initiatives.Demonstrated ability to lead global accounting teams and external contractors, manage complex reporting deadlines, advise executive stakeholders, and operate effectively in a matrixed, global environment across Finance, Legal, Tax, Treasury, Investor Relations, HR, IT, and business leadership. 

  • Strong business judgment, executive communication, enterprise leadership, problem-solving, collaboration, change leadership, and ethical decision-making skills.

  • Fortrea may consider relevant and equivalent experience and successful project outcomes in lieu of educational requirements.

Experience (Minimum Required):   

  • 15+ years of progressive accounting, controllership, external reporting, audit, or finance leadership experience, including substantial experience in a public-company environment. 

  • 10+ years experience in senior leadership (CAO, Corporate Controller, VP Finance & Accounting, or equivalent senior finance leader). 

  • Executive-level experience leading accounting organizations, external financial reporting, SOX/control frameworks, global close processes, and audit relationships. 

  • Experience presenting to or supporting Audit Committee, Board, executive leadership, external auditor, and investor-facing processes. 

  • Experience leading finance transformation, process automation, shared services, ERP or finance systems initiatives, and global operating model improvements. 

  • Experience in global and regulated industries preferred; clinical research, pharmaceutical services, healthcare, technology, or similarly complex environments are advantageous. 

 

Physical Requirements:  

  • Ability to work in an upright and/or stationary position for 6-8 hours per day. 

  • Repetitive hand movement of both hands with the ability to make fast, simple, repeated movements of the fingers, hands, and wrists to operate lab equipment. 

  • Occasional crouching, stooping, with frequent bending and twisting of upper body and neck. 

  • Ability to access and use a variety of computer software developed both in-house and off-the-shelf. 

  • Light to moderate lifting and carrying, or moving of objects, including luggage and laptop computer with a maximum lift of 15-20 lbs. 

  • Regular and consistent attendance. 

  • Varied hours may be required. 

Work Environment:  

  • Work is performed in an office environment with exposure to electrical office equipment. 

  • Occasional drives to site locations may be required. 

Application Deadline: August 14, 2026

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