Revenue Senior Accountant II in City of Westminster

General Summary: The Revenue Senior Accountant II concentrates on accounting for the Company’s product revenues including certain gross to net liabilities and accounts receivable. In addition to month end close responsibilities, the Revenue Senior Accountant II will work closely with our Finance teams and third parties to ensure accuracy of revenue and associated gross to net items. The role will also participate in project work including automation and data analytics initiatives.

Key Duties and Responsibilities:

• Build a partnership of trust and open communication with the Revenue Accounting 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 3PLAR reporting and reconciliation to Vertex accounting
• Prepare and file pharma fee quarterly submission
• Support forecast to actual analyses for related accounts, working with accounting, finance and the commercial business
• 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 Order to Cash 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.
• Actively participate in the revenue accounting processes and projects to improve data analytics, processes and system reporting.

Knowledge and Skills:

• A working knowledge and proficiency in US GAAP revenue accounting is a distinct advantage.
• Work experience in a service driven function with a business partnering focus within a multinational shared service/GBS organization would be an advantage.
• Excellent technical knowledge of accounting and finance processes.
• Proven communication and influencing skills in working with multiple stakeholders both internal and external. Language skills relevant to the region is an advantage but not essential.
• Professional attitude with a proactive and flexible approach. Adaptable to change and ability to work well under pressure, whilst maintaining attention to detail.
• Established record in managing multiple and competing priorities. An independent problem solver with an ownership mentality.
• Excellent Microsoft Office skills including advanced Excel expertise. Oracle R12, OBIEE, HFM and SMART View (Essbase data sources) experience is an advantage.
• Ability to work independently with strong attention to accuracy and detail.
• Ability to collaborate across and within different levels of the organisation.

Education and Experience:

• Qualified accountant (ACA/ACCA/CIMA).
• Bachelor's degree with a major in Accounting or Finance. Big 4 experience is an advantage. Experience in an accounting environment or the equivalent combination of education and experience.

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 ApplicationAssistance@vrtx.com.