Foster McKay
“In a world that’s changing so quickly, you’re guaranteed to fail if you don’t take any risks”
The Senior Director, Revenue Accounting will lead the revenue accounting activities for all products and related accounts, including accounts receivable, rebates, commercial chargebacks, returns reserve, royalty revenue, Medicaid, 340B discounts/chargebacks, GPO fees and all other contractual fees and expenses related to revenue.
What would I be doing?
This position oversees complex revenue arrangements, Gross-to-Net (GTN) accounting, and chargeback processing and analysis. This position will participate, and support forecasting and budgeting processes specifically focused on understanding of Gross to Net estimates for existing and future products.
The Senior Director, Revenue Accounting is a leadership position within the Corporate Accounting Department. The ideal candidate possesses technical competence and experience in product revenue accounting and analytics, in-depth knowledge of chargebacks, rebates and commercial discounts programs accounting and operation, contract compliance and operational experience and team management expertise.
Lead and oversee the revenue accounting function, including oversight of all product revenue and related gross to net accounting (discounts, service fees, returns, rebates and chargebacks) and all related revenue accounts, including accounts receivables and royalties
Manage monthly and quarterly close process to ensure accuracy of internal and external financial reporting ensuring timeliness and accuracy including:
Reviewing month end entries and reconciliations for revenue, gross to net accruals, allocation of product sales by production site and sales region and all other revenue related accounts
Manage the consolidation and distribution of the monthly revenue flash report and other ad-hoc reports
Collaborate with internal teams (Market Access, Sales, Commercial Analytics) to ensure reporting accuracy and support internal business requests for product performance analytics
Oversee the Medicaid and 340b monthly, quarterly, and annual submissions to the appropriate government agencies for all products
Drive continuous development of tools to drive efficiency and promote scalability as it relates to issue identification and resolution in day-to-day operations such as chargebacks processing
Review contracts for revenue accounting implications (e.g., renewals, contract modifications, and variable consideration)
Serve as a subject matter expert and provide guidance as we launch product offerings and expand our customer base and supporting forecasting and budgeting processes specifically focused on understanding of Gross to Net estimates
Work closely with external auditors to drive timely accounting conclusions for revenue recognition. Act as a primary point of contact throughout the audit process for external/internal auditors and consultants on technical revenue matters
Lead and mentor a team of revenue accounting professionals, fostering a collaborative, high-performing culture and a continuous improvement mindset
Work to maximize process efficiencies, ensure processes have effective internal controls and meet business needs
Supervisory Responsibilities
This position manages a team of five
Interaction
Reports to the Corporate Controller and works closely with Finance, Sales, Market Access, Commercial Analytics, National Accounts, Legal, customers, internal and external auditors, and vendors.
What would make me qualified?
Education and Experience
BS/BA degree from an accredited college/university required; Accounting, Finance, or Mathematics/Statistics concentration preferred
CPA or MBA preferred
Minimum 10 years of accounting experience, experience with complex revenue recognition transactions and Gross-to-Net accounting required with prior experience in the Pharmaceutical Industry preferred
5+ years of direct management experience leading accounting operations
Advanced Microsoft Excel experience required with Power BI preferred
Knowledge, Skills, and Abilities
Deep knowledge of corporate accounting and revenue accounting requirements, preferably in the pharmaceutical industry
Ability to develop, maintain and evaluate models for calculating and forecasting gross-to-net deductions
Demonstrated excellent analytical abilities and effective oral and written communication skills
Experience working in a fast-paced environment with multi-project and multi-product manufacturing organization
Exceptional communication and stakeholder management skills with the ability to effectively collaborate with cross-functional teams to drive business process transformation
High proficiency in using Microsoft Excel, Word and PowerPoint
Proven ability to manage multiple projects, set priorities and meet deadlines
Flexible Spending Account & Health Savings Account with Company match
Employee Assistance Program
Mental Health Resources
Disability Coverage
Life insurance
Critical Illness and Accident Insurance
Legal and Identity Theft Protection
Pet Insurance
Fertility and Maternity Assistance
401(k) with company match
Flexible Time Off (FTO) and 11 paid holidays
Application for Senior Director, Revenue Accounting – 21157
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