Sumitomo Pharma Co., Ltd. is a global pharmaceutical company based in Japan with key operations in the U.S. (Sumitomo Pharma America, Inc.), Canada (Sumitomo Pharma Canada, Inc.) and Europe (Sumitomo Pharma Switzerland GmbH) focused on addressing patient needs in oncology, urology, women's health, rare diseases, psychiatry & neurology, and cell & gene therapies. With several marketed products in the U.S., Canada, and Europe, a diverse pipeline of early- to late-stage assets, and in-house advanced technology capabilities, we aim to accelerate discovery, research, and development to bring novel therapies to patients sooner. For more information on SMPA, visit our website https://www.us.sumitomo-pharma.com or follow us on LinkedIn.
Job Overview
We are currently seeking a dynamic, highly motivated, and experienced individual for the position of Sr. Manager, Revenue Accounting. The individual will play a key role in the record to report process for product revenue accounting, including maintenance of the GTN system (Anaplan), preparation of key accruals, balance sheet reconciliations, reporting at period-end and working with internal and external auditors.
Job Duties and Responsibilities
- Assist in the implementation of Anaplan (GTN revenue system) for certain products.
- Assist with the maintenance and tie-out of the Anaplan system weekly and at period end financial closes for all products.
- Play a key role in estimating and assuming ownership over certain revenue discounts (GTN) by product at quarter-end.
- Calculate, record and report prior period adjustments for selected products at quarter-end. Evaluate and adjust policy as required, working with the Sr. Director, Revenue Accounting.
- Prepare balance sheet reconciliations for selected GTN liabilities at period-end.
- Key contributor in external and internal audit meetings and for deliverables.
- Participate and play key role (with revenue accounting team) in strategic discussions surrounding the revenue accounting function (systems, process, SOP’s, SOX controls, etc.).
- Assist Sr. Director, Revenue Accounting with reviewing customer contracts for revenue recognition with regards to IFRS 15.
- Assist in maintaining contract databases for customers.
- Play a key role in the quarter GTN pre-quarter close meeting (deriving selected estimates, performing variance analysis, providing commentary and presenting those respective areas in the meeting with management).
- Participate in forecasting and budget meetings with FPA and Market Access as requested.
- Assist in preparing period-end revenue accounting reporting (data and commentary).
Key Core Competencies
- Strong organizational skills (tracking many deliverables including follow-up and follow-through).
- Strong prioritization skills (knowing what needs to be done when and how).
- Demonstrate communication and collaboration skills with an ability to manage and influence stakeholders in a matrix environment effectively
- Exercise good judgment and make decision that is appropriate for the organization.
- Results-driven, take initiative and ownership to accomplish work.
- Ability to demonstrate flexibility and embrace change in a dynamic, rapidly growing environment.
- Strive for continuous improvement and embrace innovative ideas in daily work.
Education and Experience
- BS/BA in Accounting or Finance or related.
- Minimum 8-12 (w/o Master’s) or 6-8 years (with Masters) years of relevant experience in biotech or pharmaceutical industry.
- Experience working with ASC 606 and/or IFRS 15 in a biotech or pharmaceutical industry environment.
- Strong experience working with Excel.
- Experience working in a top tier ERP system (SAP or Oracle).
The base salary range for this role is $127,600 to $159,500. Base salary is part of our total rewards package which also includes the opportunity for merit-based salary increases, short incentive plan participation, eligibility for our 401(k) plan, medical, dental, vision, life and disability insurances and leaves provided in line with your work state. Our robust time-off policy includes unlimited paid time off, 11 paid holidays plus additional time off for a shut-down period during the last week of December, 80 hours of paid sick time upon hire and each year thereafter. Total compensation, including base salary to be offered, will depend on elements unique to each candidate, including candidate experience, skills, education and other factors permitted by law.
Disclaimer: The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.
Confidential Data: All information (written, verbal, electronic, etc.) that an employee encounters is considered confidential.
Compliance :Achieve and maintain Compliance with all applicable regulatory, legal and operational rules and procedures, by ensuring that all plans and activities for and on behalf of Sumitomo Pharma America (SMPA) and affiliates are carried out with the "best" industry practices and the highest ethical standards.
Mental/Physical Requirements: Fast paced environment handling multiple demands. Must be able to exercise appropriate judgment as necessary. Requires a high level of initiative and independence. Excellent written and oral communication skills required. Requires ability to use a personal computer for extended periods of time.
Sumitomo Pharma America (SMPA) is an Equal Employment Opportunity (EEO) and Affirmative Action employer
Sumitomo Pharma America (SMPA) is committed to a culturally diverse workforce. All qualified applicants will receive consideration for employment without regard to race; color; creed; religion; national origin; age; ancestry; nationality; marital, domestic partnership or civil union status; sex, gender, gender identity or expression; affectional or sexual orientation; disability; veteran or military status or liability for military status; domestic violence victim status; atypical cellular or blood trait; genetic information (including the refusal to submit to genetic testing) or any other characteristic protected by law.
For more information about EEO and the Law, please visit the following pages:
Equal Employment Opportunity is THE LAW
EEO is the Law Poster Supplement
Pay Transparency
Top Skills
What We Do
This is the official company page of Sumitomo Pharma Co., Ltd. The Sumitomo Pharma Group defines its Mission as “To broadly contribute to society through value creation based on innovative research and development activities for the betterment of healthcare and fuller lives of people worldwide.” The Sumitomo Pharma Group aims to fulfill this Mission by delivering innovative, effective pharmaceuticals and healthcare solutions not only to people in Japan but also all over the world through concerted efforts in research and development. With a focus on the Psychiatry & Neurology and Oncology disease areas, where unmet medical needs are high, the Sumitomo Pharma Group will make the utmost of the experience and knowledge that we have acquired so far to continue making active efforts for research and development of pharmaceuticals, regenerative medicine/cell therapy, non-pharmaceutical products, and otherwise. In other areas, too, we will tap into assets at hand and make steady R&D efforts to deliver solid value to patients.
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