Senior Manager, Revenue Accounting

$127,600 - $159,500/Yr

Dainippon Sumitomo Pharma - Springfield, IL

Full-time - Senior

Springfield, IL

About the position

The Senior Manager, Revenue Accounting at Sumitomo Pharma will oversee the record to report process for product revenue accounting, focusing on the maintenance of the GTN system (Anaplan), preparation of key accruals, balance sheet reconciliations, and reporting at period-end. This role is crucial for ensuring accurate revenue recognition and compliance with accounting standards, while also collaborating with internal and external auditors.

Responsibilities

• Assist in the implementation of Anaplan (GTN revenue system) for certain products.
• Maintain and tie-out the Anaplan system weekly and at period end financial closes for all products.
• Estimate and assume ownership over certain revenue discounts (GTN) by product at quarter-end.
• Calculate, record and report prior period adjustments for selected products at quarter-end.
• Prepare balance sheet reconciliations for selected GTN liabilities at period-end.
• Contribute to external and internal audit meetings and deliverables.
• Participate in strategic discussions surrounding the revenue accounting function (systems, process, SOP's, SOX controls, etc.).
• Review customer contracts for revenue recognition with regards to IFRS 15.
• Maintain contract databases for customers.
• Participate in the quarter GTN pre-quarter close meeting, deriving selected estimates, performing variance analysis, and providing commentary.
• Participate in forecasting and budget meetings with FPA and Market Access as requested.
• Prepare period-end revenue accounting reporting (data and commentary).

Requirements

• BS/BA in Accounting or Finance or related field.
• Minimum 8-12 years of relevant experience in the biotech or pharmaceutical industry (without a Master's) or 6-8 years (with a Master's).
• Experience working with ASC 606 and/or IFRS 15 in a biotech or pharmaceutical industry environment.
• Strong experience working with Excel.
• Experience working in a top tier ERP system (SAP or Oracle).

Nice-to-haves

• Experience in a dynamic, rapidly growing environment.
• Strong organizational and prioritization skills.
• Ability to manage and influence stakeholders in a matrix environment.

Benefits

• Merit-based salary increases
• Short incentive plan participation
• 401(k) plan eligibility
• Medical, dental, vision, life and disability insurances
• Unlimited paid time off
• 11 paid holidays plus additional time off during the last week of December
• 80 hours of paid sick time upon hire and each year thereafter