Manager, Revenue Accounting

This is a fully remote position, open to applicants in United States.

📋 Description

• Spearhead the development and execution of scalable revenue accounting processes, policies, and controls for prospective U.S. commercialization.

• Take ownership of ASC 606 accounting evaluations for commercial agreements, including contract analyses and significant accounting judgments.

• Create and sustain gross-to-net accounting methodologies for rebates, discounts, chargebacks, distribution fees, returns, and various revenue deductions.

• Collaborate with Commercial Operations, Market Access, Legal, Supply Chain, Finance, IT, FP&A, Tax, and external consultants.

• Set up accounting processes for product sales via distribution and pharmacy channels.

• Lead revenue accounting and cross-functional launch-readiness initiatives for the initial potential product launch.

• Supervise monthly and quarterly revenue accounting, journal entries, reconciliations, accruals, and account analyses.

• Draft revenue accounting policies, technical accounting memos, and documentation ready for audits.

• Establish Finance review procedures for new or altered commercial agreements.

• Implement and uphold SOX-compliant controls over revenue, gross-to-net estimates, accounts receivable, and related processes.

• Compare actual gross-to-net activities with projections, analyze discrepancies, and refine assumptions.

• Assist with financial statement disclosures and management reporting.

• Partner with external auditors and advisors concerning revenue accounting, audits, reviews, and control testing.

• Define systems, master data, interfaces, and reporting for the order-to-cash process.

• Collect and reconcile data from distributors, specialty pharmacies, third-party logistics providers, and commercial partners.

• Aid in revenue and gross-to-net forecasting in collaboration with FP&A.

• Work with Supply Chain on revenue recognition, inventory, cost of goods sold, and transfer of control.

• Identify opportunities for automation, data integrity, and control improvements.

⛳️ Requirements

• Must possess experience working internally at a biotech or pharmaceutical company.

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

• Approximately 7 or more years of pertinent accounting experience, with flexibility based on the successful candidate's qualifications.

• Strong technical understanding of U.S. GAAP, particularly ASC 606.

• Proven experience applying revenue recognition guidelines to commercial agreements and variable considerations.

• Practical experience with U.S. pharmaceutical or biopharmaceutical product revenue accounting, including gross-to-net accounting and associated reconciliations and controls.

• Experience in supporting quarterly and annual financial reporting and external audits.

• Practical experience managing and operating SOX controls and preparing supporting documentation in a public company setting.

• Strong analytical abilities and capacity to develop and document significant accounting estimates.

• Ability to clarify complex commercial agreements into straightforward accounting conclusions and operational processes.

• Capability to work independently, establish new processes, effectively partner with Finance and non-Finance stakeholders, and communicate technical accounting issues clearly.

• CPA or an equivalent professional accounting qualification is strongly preferred.

• Experience preparing a biotechnology or pharmaceutical organization for its first commercial product launch is strongly preferred.

• Knowledge of pharmaceutical gross-to-net arrangements is highly preferred.

• Experience in accounting for and reconciling government and commercial rebate activities is highly preferred.

• Familiarity with specialty pharmacy, specialty distribution, and/or third-party logistics models is preferred.

• Experience in implementing or enhancing ERP, revenue, gross-to-net, or other commercial accounting systems is preferred.

• Experience in public accounting and SEC reporting is preferred.

• Employment rights in the country to which you are applying; employment visa sponsorship is not available.

🏝️ Benefits

• Base salary, discretionary bonus, and equity.

• Flexibility and generous time off.

• Parental and reproductive support.

• Health and medical benefits.

• Mental health and wellbeing benefits.

• Financial health benefits.

• Reasonable accommodation during the interview process.