- Prepare and post journal entries and account reconciliations specifically related to gross-to-net revenue recognition, including complex transactions and accruals/reserves.
- Review and determine the appropriate accounting treatment for revenue-related transactions, including contracts, agreements, and specialized revenue streams.
- Calculate and communicate monthly net sales projections, KPIs, and trend data
- Assist with forecast and budget gross to net estimation processes
- Collaborate with cross-functional teams to align revenue recognition policies with business strategies and objectives.
- Assist with the monthly, quarterly, and annual net revenue closing procedures, including the timely documentation of assigned reconciliations and rollforwards.
- Conduct technical accounting research and provide guidance on revenue recognition matters, ensuring compliance with ASC 606 guidelines.
- Support internal and external auditors during interim reviews and year-end audits, addressing any revenue-related inquiries or issues.
- Identify areas for process improvements in revenue accounting and contribute to their implementation.
- Maintain knowledge of Generally Accepted Accounting Principles (GAAP) and other relevant accounting regulations related to revenue recognition.
- Bachelor's degree in accounting required
- Active CPA license, MBA or equivalent is preferred
- 3+years of experience in public accounting or a public company in an accounting/finance role
- Previous exposure to revenue recognition in the pharmaceutical industry is preferred (gross-to-net accounting)
- Strong knowledge of US GAAP, SEC, and PCAOB guidance and regulations for publicly traded companies
- Excellent written and verbal communication skills with the ability to effectively tailor communications with senior management, external auditors, and various corporate departments, as necessary
- Strong analytical and problem-solving skills
- Excellent organizational and time management skills
- Ability and desire to work in a fast-paced environment
- California residents may access Vaco's HR Notice at Collection for California Applicants and Employees here.
- Virginia residents may access our state specific policies here.
- Residents of all other states may access our policies here.
- Canadian residents may access our policies in English here and in French here.
- Residents of countries governed by GDPR may access our policies here.
- the individual's skill sets, experience and training;
- licensure and certification requirements;
- office location and other geographic considerations;
- other business and organizational needs.
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Senior Revenue Accountant - Raleigh, United States - Vaco
Description
Senior Revenue AccountantASC 606 | CPA Preferred | Pharmaceutical/Clinical Research Industry | Hybrid
We are working with a pharmaceutical company in the Triangle looking to add a Senior Revenue Accountant to their team This individual will be responsible to lead initiatives to improve and enhance the Company's gross to net revenue recognition process including related data compilation, reporting, risk mitigation, and internal controls. The Senior Revenue Accountant will support the revenue accounting function, specifically the analysis of gross-to-net allowances, related month-end close and reporting, trend analyses and forecasting. This position requires a strong focus on technical accounting and the ability to stay updated on relevant standards and regulations.
Job Responsibilities:
Vaco values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.
EEO Notice
Vaco is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.
Vaco LLC and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco LLC and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact .
Vaco also wants all applicants to know their rights that workplace discrimination is illegal.
By submitting to this position, you agree that you will be giving Vaco the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.
Privacy Notice
Vaco LLC and its parents, affiliates, and subsidiaries ("we," "our," or "Vaco") respects your privacy and are committed to providing transparent notice of our policies.
Pay Transparency Notice
Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to:
With that said, as required by local law, Vaco believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.