At a Glance
- Tasks: Lead revenue accounting activities and collaborate with finance teams for accurate reporting.
- Company: Vertex Pharmaceuticals, a global leader in biotechnology and scientific innovation.
- Benefits: Flexible hybrid working, competitive salary, and opportunities for professional growth.
- Other info: Join a diverse team committed to innovation and improving patient outcomes.
- Why this job: Make a real impact in the biotech industry while developing your accounting skills.
- Qualifications: Qualified accountant with experience in revenue recognition and strong analytical skills.
The predicted salary is between 56700 - 69300 £ per year.
Vertex Pharmaceuticals is seeking a Manager, Revenue Accounting to lead revenue accounting activities for the Distributor Markets. This role partners closely with Finance, Commercial, Global Accounting, and third-party distributors to support accurate, timely, and compliant revenue reporting.
The Manager, Revenue Accounting is responsible for revenue accounting across Distributor Markets, including month-end close, gross-to-net accounting, revenue recognition, reconciliations, reporting and compliance activities. Reporting to the Revenue Accounting Senior Manager, Northern Europe, Australia and Distributors, this role is supported by a dedicated Distributor Markets Revenue Accounting Senior Accountant II for Distributor Markets. The Manager provides day-to-day direction, prioritisation and review of work to support accurate, timely and compliant revenue accounting activities. This role will translate complex commercial and contractual arrangements into clear accounting conclusions. This is a hybrid role; 3 days in the office.
Key Duties and Responsibilities
- Build trusted relationships and maintain effective communication with the Revenue Accounting Senior Manager, International and Global Revenue Accounting teams, and key international and US corporate stakeholders.
- Oversee the timely and accurate preparation, review, and posting of revenue recognition and gross-to-net journal entries.
- Analyse discounts, rebates, distributor margins, pharma fees, and other customer-related revenue adjustments.
- Investigate and resolve revenue-accounting variances, distributor and stakeholder queries.
- Reconcile gross-to-net revenue accounts, distributor balances, pricing updates, distributor margins, and pharma fee calculations.
- Partner with Finance, Commercial, Market Access, Order to Cash, and distributor teams to support accurate accounting and contract execution.
- Assess the revenue-accounting impact of product launches, reimbursement arrangements, distribution agreements, customer contracts, and contract extensions.
- Monitor reimbursement agreements and contractual terms to support appropriate revenue recognition and ongoing compliance.
- Prepare regional group reporting and provide support for SEC quarterly and annual reporting.
- Maintain strong financial controls, including SOX compliance and general ledger reconciliations.
- Support internal, external, statutory, group, and SOX audit requests.
- Lead revenue-accounting alignment and key-estimate meetings for Distributor Markets.
- Drive process simplification, automation, reporting improvements, and data-analytics initiatives.
- Train and coach junior team members and contribute to cross-functional projects, system implementations and other Accounting and Finance initiatives.
- Use AI-enabled tools, where appropriate, to support data analysis, identify trends or anomalies, improve reporting efficiency, and streamline routine accounting processes.
Qualifications
- Qualified accountant (ACA, ACCA, CIMA, or equivalent).
- Bachelor's degree in accounting or finance.
Skills & Experience
- Experience in an accounting environment, or an equivalent combination of education and experience.
- Strong knowledge and proficiency of US GAAP, including ASC 606, Revenue from Contracts with Customers.
- Experience evaluating complex commercial contracts, customer arrangements or revenue recognition matters.
- Experience with general ledger reconciliations, SOX compliance, group reporting, and financial data analysis.
- Strong analytical, problem-solving, organisation and project-management skills.
- Ability to communicate complex accounting matters clearly and effectively to both Finance and non-Finance stakeholders.
- Strong stakeholder management and influencing skills across internal and external teams.
- A proactive, flexible, detail-oriented, and accountable approach.
- Advanced Microsoft Office skills, including advanced Excel capability.
- Experience with Oracle R12, OBIEE, HFM, and SMART View (Essbase data sources).
- Experience in biotechnology, pharmaceuticals, life sciences, healthcare or another highly regulated industry.
- Experience leading finance process optimisation, automation or systems implementation initiatives.
- Experience applying AI-enabled tools or automation to financial analysis, reconciliations, reporting, or process improvements.
We seek talent who bring an external perspective, demonstrate curiosity and sound judgment, and thoughtfully adopt new capabilities that improve decision-making, drive innovation, increase efficiency, and help deliver better outcomes for patients.
This is a Hybrid-Eligible role, allowing you to choose to be designated as: 1. Hybrid: work remotely up to two days per week; On-Site: work five days per week on-site with ad hoc flexibility.
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 will make reasonable accommodations for qualified individuals with known disabilities, in accordance with applicable law.
Accounting Manager - (Remote Working) in London employer: Vertex Pharmaceuticals
Vertex Pharmaceuticals is an exceptional employer, offering a dynamic work environment at their Milton Park R&D facility in Abingdon, where innovation thrives. Employees benefit from a strong focus on professional development, with access to training resources that foster growth in the pharmaceutical industry. The inclusive culture encourages collaboration across disciplines, making it a rewarding place for those passionate about making a meaningful impact through science.