Manager, Commercial AccountingThe Manager, Commercial Accounting will be responsible for overseeing accounting activities related to product revenue, gross-to-net reserves, accounts receivable, inventory and cost of goods sold, and other commercial related accounting processes. The role will partner closely with Trade & Distribution, Market Access, CMC, and third-party partners to ensure accurate financial reporting and support commercialization efforts. The Manager will also be responsible for identifying and driving process improvement.
Key Responsibilities:Revenue Accounting & Month-End Close- Manage the monthly close process related to product revenue, gross-to-net reserves, accounts receivable, and related commercial accounting activities.
- Prepare and review journal entries, account reconciliations, and supporting schedules for revenue-related accounts.
- Ensure revenue recognition is recorded in accordance with ASC 606.
- Maintain accurate documentation supporting revenue accounting conclusions and estimates.
Inventory & Cost Accounting- Manage monthly close activities related to inventory and cost of goods sold.
- Oversee inventory accounting activities, including inventory valuation, inventory reserves, inventory reconciliations, and related accounting analyses.
- Review inventory reports and activity received from third-party logistics providers (3PLs) and ensure accurate recording of inventory transactions.
- Monitor inventory movements, adjustments, write-offs, product returns, and related reserve calculations.
- Partner with Trade and Distribution, CMC, and external partners to investigate and resolve inventory discrepancies.
- Support physical inventory count procedures and related reconciliations performed by third-party providers.
Gross-to-Net Accounting- Prepare and maintain gross-to-net reserve calculations, including rebates, chargebacks, returns, prompt pay discounts, distribution service fees, copay assistance programs, and other commercial deductions.
- Collaborate with Market Access, Government Pricing, and Commercial teams to ensure accurate reserve methodologies and assumptions.
- Perform periodic actual-to-estimate analyses and recommend adjustments to reserve methodologies as needed.
Accounts Receivable & Order-to-Cash- Serve as the primary accounting liaison with third-party logistics providers (3PLs), distributors, and other commercial partners, ensuring timely and accurate transaction processing and reporting.
- Oversee third-party managed order-to-cash activities, including product sales, invoicing, collections, cash applications, deductions, and dispute resolution.
- Ensure timely reconciliation of accounts receivable balances, including oversight of information received from 3PLs and commercial partners.
- Review customer balances, aging reports, collection activities, and related reporting provided by commercial partners and third-party service providers.
- Support the evaluation of customer credit risk, credit limits, and related mitigation strategies in coordination with commercial and finance leadership.
Commercial and Launch Support- Partner with Market Access, CMC and Trade & Distribution teams to support commercialization initiatives and product launches.
- Assist in the design and implementation of processes and controls supporting new distribution channels, customer programs, and launch activities.
- Support contract reviews and assess accounting implications of commercial arrangements.
Financial Reporting & Compliance- Prepare schedules and analyses supporting quarterly and annual financial reporting requirements.
- Assist with external audits and regulatory reporting requirements.
- Develop and maintain policies, procedures, and accounting documentation related to revenue accounting.
- Support SOX compliance efforts, including control execution, documentation, and remediation activities.
Process Improvement & Systems- Identify opportunities to improve efficiency, automation, reporting, and data analytics across the revenue accounting cycle.
- Participate in ERP implementation, system enhancements, and integration projects.
Leadership & People Management- manage, mentor, and develop team member while fostering accountability, collaboration, and professional growth.
Qualifications:Required- Bachelor's degree in Accounting or Finance. CPA preferred.
- 8+ years of progressive accounting experience, including experience in supporting commercial accounting activities in the biotechnology, pharmaceutical or life sciences industry.
- Strong understanding of US GAAP, including ASC 606 revenue recognition, gross-to-net, inventory and cost of goods sold accounting
- Strong understanding of pharmaceutical order-to-cash processes and related accounting activities, including accounts receivable, deductions, customer reconciliations.
- Experience supporting inventory accounting in a commercial-stage biotechnology, pharmaceutical, or life sciences company.
- Experience working with third-party logistics providers (3PLs), wholesalers, and other commercial service providers.
- Experience with month-end close, account reconciliations, and financial reporting.
- Experience with NetSuite or other large ERP systems.
- Advanced Microsoft Excel skills.
Preferred- Public accounting experience and/or publicly traded company experience
- Experience supporting SOX compliance and internal controls.
Knowledge, Skills & Abilities- Excellent analytical, problem-solving, and critical-thinking skills.
- Strong attention to detail and ability to manage multiple priorities.
- Effective communication and cross-functional collaboration skills.
- Proven ability to work independently in a fast-paced, dynamic environment.
- Continuous improvement mindset with a focus on scalability, automation, and operational excellence.
TravelThis position requires up to 10% travel. Frequently travel is outside the local area and overnight.
US Salary Range: $134,000 to $145,000
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