Manager, Revenue Accounting
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Job Description
Revenue accounting manager preparing Compass Pathways, a mental-health biotechnology company, for commercialization. Leading ASC 606, gross-to-net, SOX controls, and launch-readiness processes.
Responsibilities:
- 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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