Job Description
POSITION SUMMARY:
Vertex has grown exceptionally fast in recent years, with the International Business being formed and growing to a $3bn+ revenue business in short period of time. Vertex’s international region is responsible for a growing number of countries and sales across the globe, including countries in Northern Europe, Australia and Distributors (NEAD) region, Central & Eastern Europe and Middle East (CEEM) region and Southern Europe and Brazil (SEB) region. The dynamic growth continues, and the International Revenue Accounting Team is critical to enable and support this growth.
The role is responsible for supporting the regional Revenue Accounting Manager in relation to the preparation of all revenue accounting journal entries, alignment with latest forecast assumptions, group reporting, month end close activities, financial controls including general ledger reconciliations, SOX and compliance for the respective region.
Key to success in the role is supporting the Revenue Accounting Manager in ensuring that market reimbursements, forecasts and contract relevant data is accurately reflected in the revenue accounting.
The candidate will be extremely well organised and able to prioritise several competing deadlines and commitments enabling them to manage the month and quarter end close activities for multiple markets in the region.
The candidate will also be service driven with a high appreciation for the importance of business partnering and stakeholder management in a matrix organisation with the International Revenue Accounting Team reporting into the Global Revenue Accounting function based in the group head office in Boston, USA.
This is an exciting and dynamics role which offers excellent opportunity for personal development and continuous improvement.
KEY RESPONSIBILITIES:
- Build a partnership of trust and open communication 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:
- Bachelor’s degree, preferably within finance or business
SKILLS & EXPERIENCE:
- Experience in an accounting environment with significant exposure to revenue accounting being an advantage
- Qualified/Part Qualified Accountant (ACA/ACCA/CIMA or equivalent) is an advantage
- 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.
- Communication and influencing skills in working with multiple stakeholders both internal and external
- 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
- Ability to work independently with strong attention to accuracy and detail
- Ability to collaborate across and within different levels of the organization
THE VERTEX PHENOTYPE:
Lead by Example:
- Walk the Talk. Demonstrate the highest level of personal integrity, ethics, and authenticity
- Show empathy and compassion for others, recognizing their unique value
- Seek self-awareness, understanding your own values and motives and their impact on you
- Be adaptable and resilient when confronted with change
Learn, Teach and Develop:
- Be curious and commit to continuous learning
- Provide constructive feedback to peers to help bring out their best; seek out and respond favourably to feedback provided
- Act outside your comfort zone, experiment with new approaches and don’t fear failure
- Acknowledge and appreciate developmental progress and changes in actions and performance you and others have made
Foster Exceptional Collaboration:
- Openly contribute ideas, and recognize what you and others bring to the team
- Trust others to make good decisions
- Debate hard, listen hard and challenge one another but move forward as one
- Actively work to resolve conflict in a productive manner, focused on shared goals
Drive Breakthrough Results:
- Be decisive and accountable for your actions and commitments
- Act with urgency to deliver high quality outcomes
- Take on the hardest problems, taking calculated risks
- Find new, creative paths to solve difficult and important problems
- Make simplicity a priority for your organization, reducing complexity to enhance execution
Promote Enterprise Thinking:
- Know how you, your group, and function contribute to the Vertex mission, vision and goals
- Think big and ask what is possible, viewing challenges as opportunities
- Connect the dots between different issues and projects
- Continuously ask “what’s our objective?”
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 [email protected]
