Vertex Pharmaceuticals
Global Technical Revenue Accounting Director
Vertex Pharmaceuticals, Boston, Massachusetts, us, 02298
Job Description
General/Position Summary
Vertex is seeking an experienced senior accounting professional to join our Controllership organization as a leader on the global revenue accounting team. Vertex is commercializing our first cell & gene therapy drug and preparing for potential near-term launch in our third disease area. Reporting to the Senior Director of Global Revenue Accounting, the Director will have responsibility for managing the global technical revenue accounting policies and related financial statement disclosures; liaising with regional accounting and finance teams to ensure consistent application of US GAAP guidance as well as operational consistency. The Director will work closely with commercial business partners to review contract terms and review complex transactions/judgments with external auditors. In addition, this role will manage the Global consolidation reporting process and presenting revenue results to Accounting Senior Management.
Key Duties & Responsibilities
Responsible for developing and maintaining the companies global revenue recognition policies; including training and ensuring consistent application of policies across the regions
Responsible for global customer contract evaluation and documentation process including approval of technical conclusions
Collaborate with finance and commercial organizations in development of payer and reimbursement agreements terms to support revenue recognition conclusions
Build partnerships with accounting, finance and commercial organizations leading the application of accounting guidance in support of accurately stated product revenues and disclosures
Leads consolidated reporting and analytics of global revenue, gross to net estimates and judgments in support of quarterly close and earnings release
Leads the Company’s quarterly and annual reviews supporting global revenue recognition and gross to net estimates
Drive continuous identification of improvement opportunities within the accounting close driving efficiency of process, standardization of documentation and scalability
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
Technical accounting experience and experience with evaluating and documenting customer contracts under ASC 606
Experience in pharmaceutical industry; prior experience accounting for complex gross to net estimates preferred
Proven ability to research and evaluate complex revenue accounting judgments successfully
Proven leadership expertise and organizational skills to manage global projects as well as business partners and other stakeholders
Exceptional communication and interpersonal skills necessary for leading cross functional projects and presenting to senior management (including accounting, finance and commercial management)
Strong skills demonstrated in MS Office including experience preparing executive level power point decks
Proactively promotes process improvement mindset aimed at building scalable and efficient processes
Flex Designation:
Hybrid-Eligible Or On-Site Eligible
Flex Eligibility Status:
In this Hybrid-Eligible role, you can choose to be designated as:
1.
Hybrid : work remotely up to two days per week;
or select 2.
On-Site : work five days per week on-site with ad hoc flexibility. 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.
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Hybrid : work remotely up to two days per week;
or select 2.
On-Site : work five days per week on-site with ad hoc flexibility. 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.
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