POSITION SUMMARY: Rigel is seeking a Senior Commercial Accountant to support its growing business. This role will report to the Revenue Director and play a key role in revenue accounting, accounts receivable, and inventory accounting, distributor/channel activity, gross-to-net support, and commercial analytics.
This position will support the monthly and quarterly financial close, audit and SOX compliance activities, and reporting requirements in a publicly traded biotech environment. The role will also provide exposure to gross-to-net, government pricing, and pricing-related analysis, with the opportunity to take on increasing ownership of GTN components and commercial product support over time.
Salary Range: $120,000 to $145,000
ESSENTIAL DUTIES AND RESPONSIBILITIES: - Commercial Accounting, Revenue Close & Reporting
- Support monthly and quarterly revenue close activities in accordance with revenue recognition guidance, including ASC 606.
- Prepare and record journal entries related to product revenue, reserves, allowances, accounts receivable, inventory, and other commercial accounting areas.
- Perform account reconciliations and flux analyses for revenue, AR, inventory, GTN, and other commercial-related accounts.
- Assist in the review and analysis of gross-to-net estimates, including rebates, chargebacks, returns, and other deductions.
- Support the monthly reporting requirements under the Company's credit facility.
- Assist with the financial close process and related internal reporting requirements.
- Support internal and external audit requests and SOX compliance activities related to revenue and commercial accounting.
- Accounts Receivable, Customer & Channel Accounting
- Manage and monitor accounts receivable activities, including invoicing, collections, aging analysis, and customer account follow-up.
- Partner with internal stakeholders and customers to resolve billing, payment, deduction, and other AR-related discrepancies.
- Support accounting for distribution channels, including specialty pharmacy and wholesale activity.
- Assist in understanding and analyzing commercial activity, including revenue drivers, customer activity, and deductions.
- Inventory & Supply Chain Accounting
- Support inventory accounting, including reconciliations, reserves, and inventory-related journal entries.
- Coordinate with Supply Chain and other internal teams to understand inventory activity, product movement, reserves, and related accounting impacts.
- Perform standard cost analysis and calculations.
- Assist with inventory-related close activities, reporting, and analysis.
- Gross-to-Net, Government Pricing & Commercial Analytics
- Support the Director of Revenue in GTN forecasting, true-ups, reserve analysis, and related reporting.
- Assist with data gathering and validation for government pricing programs, including Medicaid, PHS/340B, VA/FSS, and other applicable programs.
- Review contracts and contract amendments, as needed, to assess accounting and financial impacts.
- Provide support in the preparation of Pricing Committee materials and other scenario planning analyses.
- Over time, take on increasing ownership of GTN components, including responsibility for preparing GTN calculations for at least one commercial product with guidance.
- Partner with Commercial, Market Access, Supply Chain, FP&A, and other internal teams to understand drivers of revenue, deductions, inventory, and commercial performance.
- Process Improvement & Automation
- Support process improvement and automation initiatives across commercial accounting, revenue, GTN, inventory, and reporting processes.
- Help identify opportunities to improve accuracy, efficiency, controls, analytics, and business insights.
- Assist in leveraging systems, data analytics, and automation tools to streamline workflows and enhance forecasting, reserve estimation, and reporting processes.
KNOWLEDGE AND SKILL REQUIREMENTS: - Bachelor's degree in accounting or finance (CPA or CPA-eligible preferred)
- 5• 7+ years of relevant experience (public accounting and/or industry experience)
- Experience with revenue accounting, AR, or commercial accounting required
- Exposure to life sciences / biotech / pharmaceutical industry strongly preferred
- Familiarity with GTN, chargebacks, or rebates is a plus, but not required
- Experience with inventory accounting is a plus
- Strong understanding of U.S. GAAP, particularly revenue recognition (ASC 606)
- Analytical mindset with attention to detail and ability to work with large datasets
- Ability to manage multiple priorities in a fast-paced, public company environment
- Strong communication skills and ability to collaborate cross-functionally
- Proactive and motivated to learn complex, regulated areas such as GTN and government pricing
COMPENSATION AND BENEFITS: The anticipated salary range for this position is Premium (SFBA/NYC/Boston Area) $120,000 to $145,000. The actual salary offered will depend on several factors, including experience, qualifications, geographic location internal equity, and business needs.
This position is eligible to participate in Rigel's annual bonus program and is eligible for equity incentive awards, subject to the terms of the applicable plans. This position is not commission-based.
Rigel offers eligible employees a comprehensive benefits package, including medical, dental, and vision coverage; life and disability insurance; flexible spending accounts; a 401(k) plan; paid time off; paid company holidays; and other benefits.
WORKING CONDITIONS: - PHYSICAL DEMANDS: While performing the duties of this job, the employee is required to stand, walk; sit; talk and hear. Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception and the ability to adjust focus.
- WORK ENVIRONMENT: The noise level in the work environment is usually moderate. Some travel may be required.
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