Director, Revenue Accounting - Boston, United States - Vertex Pharmaceuticals, Inc

Vertex Pharmaceuticals, Inc Boston, United States

4 days ago

Description

Job Description

General/Position Summary

Vertex is seeking an experienced senior accounting professional to join our Controllership organization leading the revenue accounting for the Company's Pain product(s).

Vertex is preparing for the potential launch and commercialization of an investigational novel selective inhibitor of NaV1.8 in acute pain.

Reporting to the Executive Director of Global Revenue Accounting, the Director of Revenue Accounting, US will have responsibility for operational oversight of order to cash processes and financial reporting as well as gross to net accrual policies, estimates and controls.

The Director of Revenue Accounting, US will lead the revenue accounting function for the Company's pain product (s). This position is based in our Boston, MA office, located in the Seaport area.

This role requires a hybrid work schedule: 3 days in office & 2 days remote on a weekly basis.

Key Duties & Responsibilities

Lead launch readiness activities for order to cash transactions; Develop and implement processes with third party service provider with a focus on accounts receivable management and monthly close reporting for sales, credits, receivable transactions
Lead development of transaction reporting in support of accounting processes; designing requirements including leveraging automation tools already in place
Partner closely with market access and trade and distribution teams to establish processes as well as internal review over transaction reporting
Partner with market access team on payer contracting and other gross to net estimates to develop accrual policies and models in support of accounting monthly close
Collaborate with commercial finance and market access on monthly actualization and forecasting process
Design and implement monthly close process at time of product launch; Lead monthly close and oversee work of other team members in support of monthly close
Lead the design and documentation of SOX controls relating to order to cash and revenue accounting close; post launch oversee and ensure operational effectiveness of controls as well as ensure documentation requirements are met
Collaborate across global revenue accounting team in support of achieving launch readiness for Pain product(s) ; including revenue technical accounting team and revenue accounting team supporting the Company's Cystic Fibrosis products

Required Education Level

Bachelor's degree with a major in Accounting

Required Experience

Typically requires 8-10 years of relevant experience in the pharmaceutical or biotechnology industry or the equivalent combination of education and experience; prior experience in Big 4 accounting firm preferred.

Required Knowledge/Skills

Experience in pharmaceutical industry; prior experience accounting for complex gross to net estimates preferred
Strong skills demonstrated in MS Office and financial software applications, including Oracle EBS and Hyperion
Proven leadership expertise and organizational skills to manage a team as well as business partners and other stakeholders
Proven ability to lead and develop accounting processes in support of commercial product launches
Proactively promotes process improvement mindset aimed at building scalable and efficient processes
Exceptional communication and interpersonal skills necessary for leading team members, working cross functionally and presenting to senior management ( including accounting, finance and commercial management )

#LI-Hybrid

#LI-AR1

Company Information

Vertex is a global biotechnology company that invests in scientific innovation.

Vertex is committed to equal employment opportunity and non-discrimination for all employees and qualified applicants without regard to a person's race, color, sex, gender identity or expression, age, religion, national origin, ancestry, ethnicity, disability, veteran status, genetic information, sexual orientation, marital status, or any characteristic protected under applicable law.

Vertex is an E-Verify Employer in the United States. Vertex will make reasonable accommodations for qualified individuals with known disabilities, in accordance with applicable law.

Any applicant requiring an accommodation in connection with the hiring process and/or to perform the essential functions of the position for which the applicant has applied should make a request to the recruiter or hiring manager, or contact Talent Acquisition at

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