Secura Bio, Inc. Senior Revenue Accountant Remote · Full time Company website

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Job Description

Secura Bio is a specialty pharmaceutical company currently with one approved oncology therapeutic sold in the United States and approved (but not launched) in a number of countries outside of the United States. The Company is actively pursuing the acquisition of other oncology products and/or companies. This role is a full-time position and supports the gross-to-net and revenue accounting, drug pricing, revenue reporting, accounts receivable management and other ad hoc projects via a combination of assigned responsibilities plus project-based roles. The position reports to the Manager, Revenue Accounting.

Key responsibilities include:

·        Oversee revenue recognition for pharmaceutical products, services, and contracts, ensuring compliance with ASC 606 and industry-specific guidelines

·        Review and assess complex contracts, including sales agreements, distribution agreements, and government contracts (e.g., Medicaid, Medicare), to determine the proper timing and method of revenue recognition

·        Manage the recognition of revenue from pharmaceutical product sales, royalties, licensing agreements, milestone payments, and collaborative arrangements

·        Track and account for rebates, chargebacks, returns, and discounts, ensuring accurate application in line with customer agreements, contractual obligations and regulatory requirements

·        Ensure proper accounting for bundled arrangements and the recognition of revenue across multiple performance obligations

·        Prepare monthly, quarterly, and annual revenue reports for pharmaceutical products and services, ensuring accuracy and consistency with internal and external reporting requirements

·        Perform detailed variance analysis for revenue, identifying trends and discrepancies

·        Manage accounts receivable and estimates of allowance for doubtful accounts

·        Review and reconcile revenue accounts, ensuring compliance with both US GAAP and pharmaceutical industry-specific regulatory requirements

·        Develop and maintain robust policies, procedures, and internal controls to ensure compliance with revenue recognition standards, government pricing regulations, and pharmaceutical industry guidelines

·        Support audit processes as needed, providing necessary documentation and analysis

·        Monitor changes in pharmaceutical industry regulations and adapt revenue recognition practices as necessary

·        Ensure proper accounting treatment for product recalls, government rebates, and other industry-specific challenges, addressing any discrepancies in a timely manner

·        Collaborate with cross-functional teams

·        Support the development of accurate sales forecasts and pricing models by providing insights into revenue recognition impacts, especially in complex sales arrangements.

·        Assist with ad hoc reporting and financial analysis as required by management.

·        Participate in the continuous improvement of financial systems and processes, focusing on automation, efficiency, and accuracy in revenue recognition.

·        Assist in ad hoc projects and other duties as assigned

Required Experience and Education

·        Bachelor’s degree in accounting or finance; CPA preferred.

·        4+ years of accounting experience, with at least 2 years in revenue recognition within the pharmaceutical or healthcare industry

·        Strong knowledge of ASC 606, pharmaceutical industry regulations, and government pricing rules

·        Strong analytical, problem-solving, and communication skills, with the ability to work cross-functionally in a fast-paced environment.

·        Experience with NetSuite preferred

·        Ability to develop, recommend and implement procedures

·        Working knowledge of GAAP

·        Excellent written and verbal communication skills required

·        Strong Excel skills

·        Experience working in a start-up environment

Required Skills

·        Hands on and detailed orientated

·        Must have excellent analytical, problem solving, and organizational skills

·        Aptitude and motivation to learn and assume new responsibilities

·        Must be goal oriented and a team player

·        Must have excellent customer service attitude

·        Ability to thrive in a deadline-driven, fast paced environment