Global Technical Revenue Accounting Director

Vertex Pharmaceuticals Incorporated
United States, Massachusetts, Boston
50 Northern Avenue (Show on map)
Nov 19, 2024
Job Description General/Position Summary Vertex is seeking an experienced senior accounting professional to join our Controllership organization as a leader on the global revenue accounting team. Vertex is commercializing our first cell & gene therapy drug and preparing for potential near-term launch in our third disease area. Reporting to the Senior Director of Global Revenue Accounting, the Director will have responsibility for managing the global technical revenue accounting policies and related financial statement disclosures; liaising with regional accounting and finance teams to ensure consistent application of US GAAP guidance as well as operational consistency. The Director will work closely with commercial business partners to review contract terms and review complex transactions/judgments with external auditors. In addition, this role will manage the Global consolidation reporting process and presenting revenue results to Accounting Senior Management. Key Duties & Responsibilities Responsible for developing and maintaining the companies global revenue recognition policies; including training and ensuring consistent application of policies across the regions Responsible for global customer contract evaluation and documentation process including approval of technical conclusions Collaborate with finance and commercial organizations in development of payer and reimbursement agreements terms to support revenue recognition conclusions Build partnerships with accounting, finance and commercial organizations leading the application of accounting guidance in support of accurately stated product revenues and disclosures Leads consolidated reporting and analytics of global revenue, gross to net estimates and judgments in support of quarterly close and earnings release Leads the Company's quarterly and annual reviews supporting global revenue recognition and gross to net estimates Drive continuous identification of improvement opportunities within the accounting close driving efficiency of process, standardization of documentation and scalability Required Education Level Bachelor's degree with a major in Accounting Required Experience Typically requires 8-10 years of relevant experience in the pharmaceutical or biotechnology industry or the equivalent combination of education and experience; prior experience in Big 4 accounting firm preferred. Required Knowledge/Skills Technical accounting experience and experience with evaluating and documenting customer contracts under ASC 606 Experience in pharmaceutical industry; prior experience accounting for complex gross to net estimates preferred Proven ability to research and evaluate complex revenue accounting judgments successfully Proven leadership expertise and organizational skills to manage global projects as well as business partners and other stakeholders Exceptional communication and interpersonal skills necessary for leading cross functional projects and presenting to senior management (including accounting, finance and commercial management) Strong skills demonstrated in MS Office including experience preparing executive level power point decks Proactively promotes process improvement mindset aimed at building scalable and efficient processes 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. 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