Revenue Senior Accountant II

Vertex Pharmaceuticals; Greater London; Hybrid; GBP 45,000 - 75,000; Full time

Job summary

An established industry player is seeking a Revenue Senior Accountant II to enhance their finance team. This dynamic role focuses on the accounting for product revenues, ensuring accuracy in accounts receivable, and participating in automation and data analytics initiatives. You will collaborate closely with finance teams and third-party distributors, driving change and continuous improvement in revenue accounting processes. Ideal candidates are detail-oriented, proactive problem solvers with strong communication skills and a passion for business partnering. Join a company renowned for its commitment to innovation and employee satisfaction, where your contributions will make a significant impact on the organization.

Qualifications

• Part qualified accountant with experience in revenue accounting.
• Strong technical knowledge of accounting and finance processes.

Responsibilities

• Perform month-end close activities and prepare revenue journal entries.
• Build partnerships with stakeholders for accurate revenue accounting.

Skills

US GAAP revenue accounting

Accounting and finance processes

Communication and influencing skills

Microsoft Office (Excel expertise)

Problem-solving

Stakeholder management

Education

Part qualified accountant (ACA/ACCA/CIMA or equivalent)

Bachelor's degree in Accounting or Finance

Tools

Oracle R12

OBIEE

HFM

SMART View (Essbase)

Job description

Revenue Senior Accountant II page is loaded

Revenue Senior Accountant II

Apply locations Paddington, United Kingdom time type Full time posted on Posted 2 Days Ago job requisition id REQ-25210

Job Description

General Summary:

The Revenue Senior Accountant II concentrates on accounting for the Company’s product revenues including certain gross to net liabilities and accounts receivable. In addition to month end close responsibilities, the Revenue Senior Accountant II will work closely with our Finance distributor teams and third party in country distributors to ensure accuracy of accounts receivable and other customer support items. The role will also participate in project work including automation and data analytics initiatives.

Position Summary:

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

Key to success is the supporting relationship with the Manager and international Business Partners to ensure that market, reimbursements, forecast and contract-relevant data is accurately reflected in the revenue accounting.

You are well organised, detailed, proactive, and problem-solving orientated and can 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.

This is an exciting and dynamic role which offers excellent opportunity for personal development and continuous improvement.

Key responsibilities:

• Build a partnership of trust and open communication with the Revenue Accounting Manager and Senior Manager, the International and Global Revenue Accounting teams and wider International and US corporate stakeholders
• Perform Revenue Accounting month-end close activities, including but not limited to:
• Preparation 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.
• Prepare revenue recognition journal entries based on contractual agreement
• Support the monthly flash process (early estimation of revenues)
• Reconciliation of gross to net revenue accounts
• Review of 3PL AR reporting and reconciliation to Vertex accounting
• Prepare and file pharma fee quarterly submission
• 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
• Preparation of:
• group reporting requirements for 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, GL reconciliations
• 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:

• Part qualified accountant (ACA/ACCA/CIMA or equivalent).

• Bachelor's degree with a major in Accounting or Finance. Big 4 experience is an advantage. Experience in an accounting environment or the equivalent combination of education and experience.

Skills & experience

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

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 [e-mail]

Help Us Achieve Our Mission

Vertex is a global biotechnology company that invests in scientific innovation to create transformative medicines for people with serious diseases. The company has approved medicines that treat the underlying causes of multiple chronic, life-shortening genetic diseases — cystic fibrosis, sickle cell disease and transfusion-dependent beta thalassemia — and continues to advance clinical and research programs in these diseases. Vertex also has a robust clinical pipeline of investigational therapies across a range of modalities in other serious diseases where it has deep insight into causal human biology, including APOL1-mediated kidney disease, acute and neuropathic pain, type 1 diabetes, myotonic dystrophy type 1 and alpha-1 antitrypsin deficiency.

Founded in 1989 in Cambridge, Mass., Vertex's global headquarters is now located in Boston's Innovation District and its international headquarters is in London. Additionally, the company has research and development sites and commercial offices in North America, Europe, Australia, Latin America and the Middle East. Vertex is consistently recognized as one of the industry's top places to work, including 14 consecutive years on Science magazine's Top Employers list and one of Fortune’s 100 Best Companies to Work For. For company updates and to learn more about Vertex's history of innovation, visit www.vrtx.com or follow us on Facebook, Twitter/X, LinkedIn, YouTube and Instagram.

The diversity and authenticity of our people is part of what makes Vertex unique, and we recognize that each employee brings diverse perspectives and strengths. By embracing those strengths and celebrating differences, we are fostering an inclusive culture where each of us can bring our authentic selves to work, inspire innovation together, and change people’s lives.

Our vision is clear: to be the place where an authentic, diverse mix of talent want to come, to stay, and do their best work.