Manager, Revenue Accounting

🔥 0 minutes ago

🇺🇸 United States – Remote

💵 $140k - $190k / year

⏰ Full Time

🟠 Senior

🔴 Lead

💹 Revenue Operations

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COMPASS Pathways

WebsiteLinkedInAll Job Openings

51 - 200 employees

Founded 2016

🏥 Healthcare

⚕️ Healthcare Insurance

🧬 Biotechnology

💰 $80M Series B on 2020-04

Healthcare • Healthcare Insurance • Biotechnology

Compass Pathways is a mental health care company dedicated to helping people improve their mental well-being through innovative treatment options. The company is focused on developing therapies utilizing psilocybin, a naturally occurring compound found in certain mushrooms, as a treatment for various mental health conditions. They aim to build a new paradigm for mental healthcare by conducting clinical trials and research to demonstrate the safety and efficacy of their treatments.

📋 Description

• Lead development and implementation of scalable revenue accounting processes, policies, and controls for potential U.S. commercialization • Own ASC 606 accounting assessments for commercial arrangements, including contract reviews and significant accounting judgments • Develop and maintain gross-to-net accounting methodologies for rebates, discounts, chargebacks, distribution fees, returns, and other revenue deductions • Partner with Commercial Operations, Market Access, Legal, Supply Chain, Finance, IT, FP&A, Tax, and external advisors • Establish accounting processes for product sales through distribution and pharmacy channels • Lead revenue accounting and cross-functional launch-readiness activities for the first potential product launch • Oversee monthly and quarterly revenue accounting, journal entries, reconciliations, accruals, and account analyses • Prepare revenue accounting policies, technical accounting memos, and audit-ready documentation • Establish Finance review processes for new or modified commercial agreements • Establish and maintain SOX-compliant controls over revenue, gross-to-net estimates, accounts receivable, and related processes • Compare actual gross-to-net activity with estimates, analyze variances, and refine assumptions • Support financial statement disclosures and management reporting • Partner with external auditors and advisors on revenue accounting, audits, reviews, and control testing • Define systems, master data, interfaces, and reporting for the order-to-cash process • Capture and reconcile data from distributors, specialty pharmacies, third-party logistics providers, and commercial partners • Support revenue and gross-to-net forecasting with FP&A • Collaborate with Supply Chain on revenue recognition, inventory, cost of goods sold, and transfer of control • Identify automation, data integrity, and control improvement opportunities

🎯 Requirements

• Must have experience working in house at a biotech or pharma company • Bachelor’s degree in Accounting, Finance or a related field • Approximately 7 or more years of relevant accounting experience, with flexibility depending on the level of the successful candidate • Strong technical knowledge of U.S. GAAP, particularly ASC 606 • Demonstrated experience applying revenue recognition guidance to commercial arrangements and variable consideration • Hands-on experience with U.S. pharmaceutical or biopharmaceutical product revenue accounting, including gross-to-net accounting and related reconciliations and controls • Experience supporting quarterly and annual financial reporting and external audits • Hands-on experience owning and operating SOX controls and preparing supporting documentation in a public company environment • Strong analytical skills and ability to develop and document significant accounting estimates • Ability to translate complex commercial arrangements into clear accounting conclusions and operational processes • Ability to work independently, build new processes, partner effectively with Finance and non-Finance stakeholders, and communicate technical accounting matters clearly • CPA or equivalent professional accounting qualification strongly preferred • Experience preparing a biotechnology or pharmaceutical company for its first commercial product launch strongly preferred • Knowledge of pharmaceutical gross-to-net arrangements highly preferred • Experience accounting for and reconciling government and commercial rebate activity highly preferred • Experience with specialty pharmacy, specialty distribution and/or third-party logistics models preferred • Experience implementing or enhancing ERP, revenue, gross-to-net or other commercial accounting systems preferred • Public accounting and SEC reporting experience preferred • Employment rights in the country to which you are applying; employment visa sponsorship is unavailable

🏖️ Benefits

• Base salary, discretionary bonus, and equity • Flexibility and generous time off • Parental and reproductive support • Health and medical benefits • Mental health and wellbeing benefits • Financial health benefits • Reasonable accommodation during the interview process

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