Revenue Accounting Manager

Job Description

Overview

• The Revenue Accounting Manager will be responsible for overseeing the accounting for the order-to-cash process and the delivery of accurate and timely financial information relating to certain product revenues (including cell and gene therapies), gross to net accounts and accounts receivable to meet the operational needs and internal and external reporting requirements of the organization. The role will partner closely with members of Trade and Distribution, Market Access, Finance, Global Revenue Accounting, Government Pricing and Third-Party Partners. The Manager will also be responsible for identifying and driving process improvement initiatives including automation and data analytics.

Key Duties & Responsibilities

• Responsible for order-to-cash process for certain products.  Responsibilities include:
  • Managing accounting relationship with customers and third-party service providers
  • Ensuring timely customer collections and dispute resolution
  • Assessing customer creditworthiness and credit limits
  • Timely execution of the revenue accounting month-end close for product sales
  • Delivery of accurate financial reporting for both internal and external requirements
• Reconcile product revenue, accounts receivable, and gross-to-net accruals on a monthly basis
• Develop knowledge of markets to design and perform analytics to evaluate monthly results
• Collaborate with Commercial Finance and Market Access teams on monthly actualization and forecasting process
• Partner with Trade & Operations on service-provider and customer-relationship management
• Utilizing knowledge and data, provide strategic input into recommendations for change and process improvement as well as continuously evolving and evaluating policies and procedures
• Participate (and lead as needed) in the development of new systems, processes and automation
• Ability to review and oversee work of team members as needed

Required Education and Experience

• Bachelor's degree required
• Typically requires 5+ years of related experience with experience in life sciences preferred
• Advanced excel skills
• Experience with Oracle Financial Software a plus

Knowledge/Skills

• Ability to collaborate and influence across and within different levels of the organization 
• Strong written and oral communication skills
• Ability to identify and drive process improvements
• Ability to work in a fast paced, dynamic environment; ability to manage multiple priorities
• Demonstrate continuous improvement mindset and ability to increase responsibilities over time

#LI-Hybrid

#LI-AA1

At Vertex, we embrace continuous learning and encourage employees to stay informed on advances in AI, technology, automation, and industry trends. We seek talent who bring an external perspective, demonstrate curiosity and sound judgment, and thoughtfully adopt new capabilities that improve decision-making, drive innovation, increase efficiency, and help deliver better outcomes for patients.

Pay Range:

$110,800 - $166,200

Disclosure Statement:

The range provided is based on what we believe is a reasonable estimate for the base salary pay range for this job at the time of posting. This role is eligible for an annual bonus and annual equity awards. Some roles may also be eligible for overtime pay, in accordance with federal and state requirements. Actual base salary pay will be based on a number of factors, including skills, competencies, experience, and other job-related factors permitted by law.

At Vertex, our Total Rewards offerings also include inclusive market-leading benefits to meet our employees wherever they are in their career, financial, family and wellbeing journey while providing flexibility and resources to support their growth and aspirations.  From medical, dental and vision benefits to generous paid time off (including a week-long company shutdown in the Summer and the Winter), educational assistance programs including student loan repayment, a generous commuting subsidy, matching charitable donations, 401(k) and so much more.

Flex Designation:

Hybrid-Eligible Or On-Site Eligible

Flex Eligibility Status:

In this Hybrid-Eligible role, you can choose to be designated as:
1.    Hybrid: work remotely up to two days per week; or select
2.    On-Site: work five days per week on-site with ad hoc flexibility.

Note: The Flex status for this position is subject to Vertex’s Policy on Flex @ Vertex Program and may be changed at any time.

#LI-Hybrid

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 ApplicationAssistance@vrtx.com