Revenue Accounting Manager

Job Description

General Summary:

The role is responsible for supporting the Revenue Accounting Senior Manager, Southern Europe and Brazil (SEB) region Business Partner in relation to the preparation and reviews of all revenue accounting journal entries, alignment with latest forecast assumptions, group reporting, month end close activities, data analysis, technical reviews (US GAAP), financial controls including general ledger reconciliations, SOX and compliance for the region.

Key to success is the supporting relationship with the line manager, International Business Partner, to ensure that market, reimbursement, forecast and contract relevant data is accurately reflected in the revenue accounting.

Leveraging their previous expertise, the successful candidate will have the opportunity to review and shape the team’s current operations by suggesting and implementing changes to ensure continuous improvement.

You are well organised, detailed, proactive, problem-solving orientated and able to prioritise several competing deadlines and commitments enabling you to manage the month and quarter end close activities for multiple markets in your region.

You are service driven with a high appreciation for the importance of business partnering and stakeholder management in a matrix organisation with the global revenue accounting function based in the group head office in Boston, US and the Regional Finance & International FP&A teams. Through demonstrating a growth mindset and effective Business Partners the role will Enable & Operationalise Commercial & Pipeline Growth Plans

Reporting directly to the Revenue Accounting Senior Manager, Business Partner, the position is highly visible within the organisation and involves working with stakeholders across multiple teams, including, Regional Finance, Global Revenue, Tax, Statutory Accounting, Internal Audit, External Auditors, Accounts Payables, Treasury, and FP&A.

Key Duties and Responsibilities:

• Build a partnership of trust and open communication with the Revenue Accounting Senior Manager, International Business Partner, the Global Revenue Accounting team and wider International and US corporate stakeholders
• Perform Revenue Accounting month-end close activities, including but not limited to:
  • Manage the preparation and review of monthly gross to net revenue journal entries
  • Analysis of gross to net accounts, including discounts, rebates and pharma fees for multiple countries per the contractual agreements
  • Gross to net account resolution of variances and queries from internal stakeholders
  • Analysing sales forecast information to determine the best estimates of accruals for discounts, rebates and pharma fees.
  • Manage the preparation and review of revenue recognition journal entries based on contractual agreements
  • Manage the monthly process of flash (early estimation of revenues)
  • Manage the reconciliation and review of gross to net revenue accounts
  • Review of 3PL AR reporting and reconciliation to Vertex accounting
  • Managing revenue accounting systems such as Automated Journal Entry (AJE) system, Revenue Analytics, Interfaces, Oracle EBS and other systems, as a Super User and be able to support the team with any related user-issues in the first instance.
  • Manage the calculations, preparation, review and filing of compliance related declarations and submissions
  • Train and coach junior members of the team.
• First time accuracy and completion of month end close activities in the region to provide the finance and commercial organisation with value-add timely insight on the revenue accounting implications of new product launches, reimbursement, distribution agreements, new customer contracts and contract extensions. As well as ensuring such contracts are operationalised correctly by partnering with our 3PL management team.
• Monitoring of reimbursement agreements for appropriate revenue recognition and continued compliance with key terms, including but not limited to supporting commercial team with external reporting requirements, payback and rebate invoicing, forecast alignment
• Business Partnering:
  • Take the lead for allocated markets in region & provide business support to the Country Manager, Finance, Market Access and Commercial teams
  • Manage and run revenue accounting alignment and Key Estimate meetings
• Be the first point of contact for all revenue related issues.
• Build and maintain trust with all key stakeholders
• Support the Revenue Accounting Senior Manager/Business Partner with managing revenue-related activities for all entities in the region.
• Partake in contract reviews, prepare for product launches and translating the contract terms into revenue BAU activities.
• Preparation and review of:
  • group reporting requirements for the region
  • data analysis to support business and accounts reviews
  • general ledger account analysis and reconciliation of complex gross to net revenue accounts
  • all month-end close activities for revenue accounting, including SOX compliance and controls, and GL reconciliations preparation and reviews
• Support internal and external audit requests for SOX, group, and statutory audits
• Provide disclosure for SEC quarterly and annual reporting in HFM
• Drive change across the team, bring experience of simplification and continuous improvement mindset.

Education and Experience:

• Qualified accountant (ACA/ACCA/CIMA preferred but other financial qualifications will also be considered)

• Bachelor’s degree with a major in Accounting or Finance

Skills and Experience:

• Significant experience working in a revenue accounting relevant role
• A working knowledge and proficiency in US GAAP revenue accounting is a distinct advantage
• Work experience in a service driven function with a business partnering focus within a multinational shared service/GBS organization would be an advantage.
• Proven communication and influencing skills in working with multiple stakeholders both internal and external
• Professional attitude with a proactive and flexible approach
• Adaptable to change and ability to work well under pressure, whilst maintaining attention to detail
• Established record in managing multiple and competing priorities
• An independent problem solver with an ownership mentality
• Language skills relevant to the region is an advantage but not essential
• Excellent technical knowledge of accounting and finance processes.
• Excellent Microsoft Office skills including advanced Excel expertise.
• Oracle R12, OBIEE, HFM and SMART View (Essbase data sources) experience is an advantage

Flex Designation:

Hybrid-Eligible Or On-Site Eligible

Flex Eligibility Status:

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 [email protected]