Senior Manager, Revenue Accounting

$166,400 - $208,000/Yr

Dainippon Sumitomo Pharma - Saint Paul, MN

Full-time - Mid Level

Saint Paul, MN

About the position

The Senior Manager, Revenue Accounting at Sumitomo Pharma will be responsible for overseeing the record to report process for product revenue accounting. This includes managing the GTN system (Anaplan), preparing key accruals, conducting balance sheet reconciliations, and ensuring accurate reporting at period-end. The role also involves collaboration with internal and external auditors and participation in strategic discussions regarding revenue accounting processes and controls.

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.
• Assist 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 degree, or 6-8 years with a Master's degree.
• 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).

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