Senior Manager, Global Revenue Technical Accounting

Vertex Pharmaceuticals Inc (US); Boston (MA); Hybrid; USD 129,000 - 193,000; Full time

Benefits offered by this job

Hybrid-eligible

On-site eligible

Annual bonus

Equity awards

Total Rewards benefits

Job summary

Vertex Pharmaceuticals is seeking an experienced revenue accounting professional in Boston to lead ASC 606 evaluations for new product launches, contracts and reimbursement agreements. You will partner with global accounting, finance and commercial teams to support revenue reporting and disclosures, prepare memos and schedules, and assist with audits.

The role requires a Bachelor's in Accounting/Finance, about 7 years of pharmaceutical revenue accounting experience, CPA preferred, and strong MS

Qualifications

• Bachelor's degree in Accounting or Finance.
• Typically 7 years of progressive accounting experience in pharmaceutical or life science revenue accounting or a technical accounting role.
• Public accounting experience required.

Responsibilities

• Perform revenue recognition evaluations under ASC 606 for new product launches, new contracts, and reimbursement agreements.
• Review new agreements and complex gross-to-net matters and ensure technical accounting conclusions are applied consistently by local accounting teams.
• Document accounting policies related to revenue and gross-to-net in collaboration with International and North America teams.
• Partner with cross-functional teams that review and support the contract drafting process.
• Work with global accounting, finance, and commercial teams to support revenue reporting requirements.
• Assist SEC Reporting with revenue-related disclosures for filings.
• Support quarterly and annual reviews and audits with memos, schedules, and auditor requests.

Skills

Public accounting experience

Strong written communication

Organizational skills

Cross-functional collaboration

Financial analysis

Education

Bachelor's degree in Accounting or Finance

Tools

Excel

Word

PowerPoint

Job description

Job Description Key Responsibilities

• Perform revenue recognition evaluations under ASC 606 for new product launches, new contracts, and reimbursement agreements
• Review new agreements and complex gross-to-net matters and help ensure technical accounting conclusions are applied consistently and appropriately by local accounting teams
• Document accounting policies related to revenue and gross-to-net matters in collaboration with International and North America revenue accounting teams, as needed
• Partner with cross-functional teams that review and support the contract drafting process
• Work closely with global accounting, finance, and commercial organizations to support internal and external financial revenue reporting requirements
• Partner with the SEC Reporting team to prepare revenue-related disclosures for SEC filings
• Support quarterly and annual reviews and audits through preparation of revenue recognition memos, audit schedules, and other auditor requests

Minimum Qualifications

• Bachelor's degree in Accounting or Finance
• Typically requires 7 years of progressive accounting experience in pharmaceutical or life science revenue accounting or a technical accounting role, or the equivalent combination of education and experience
• Public accounting experience required

Preferred Qualifications

• CPA preferred
• Knowledge of US GAAP revenue accounting guidance, including ASC 606
• Experience researching revenue accounting and complex gross-to-net accounting matters
• Experience preparing accounting documentation, memos, and revenue-related disclosures
• Proficiency in Microsoft Office applications, including Excel, Word, and PowerPoint
• Strong written communication and memo drafting skills
• Strong communication and organizational skills
• Ability to collaborate across and within different levels of the organization
• Ability to effectively present complex accounting analyses to senior management

Pay Range

Pay Range: $128,900 - $193,300 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.

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.