Senior Director, Revenue Accounting

Essential Duties & Responsibilities:

The following statements are intended to describe the general nature and level of work being performed by an individual assigned to this job. Other duties may be assigned.

• Lead and oversee the revenue accounting function, including oversight of all product revenue and related gross to net accounting (discounts, service fees, returns, rebates, and chargebacks) and all related revenue accounts, including accounts receivables and royalties.
• Manage monthly and quarterly close process to ensure accuracy of internal and external financial reporting ensuring timeliness and accuracy including:
  • Reviewing month end entries and reconciliations for revenue, gross to net accruals, allocation of product sales by production site and sales region and all other revenue related accounts
  • Manage the consolidation and distribution of the monthly revenue flash report and other ad-hoc reports.
• Collaborate with internal teams (Market Access, Sales, Commercial Analytics) to ensure reporting accuracy and support internal business requests for product performance analytics.
• Oversee Medicaid and 340b monthly, quarterly, and annual submissions to the appropriate government agencies for all products.
• Establish and lead a structured cross-functional review process for gross-to-net estimates, partnering with departments such as Market Access, FP&A and Commercial Analytics to ensure payor contract terms are accurately interpreted and appropriately reflected in gross-to-net assumptions and financial forecasts.
• Lead periodic cross-functional reviews of payor contract assumptions to improve gross-to-net estimate accuracy and reduce forecasting variances.
• Serve as a subject matter expert and provide guidance as we launch product offerings and expand our customer base and support forecasting and budgeting processes specifically focused on understanding Gross to Net estimates.
• Serve as a key member and subject matter expert on the Sub-Pricing Committee, providing financial and accounting guidance on proposed pricing strategies, payer agreements, and contracting structures.
• Drive continuous development of tools to drive efficiency and promote scalability as it relates to issue identification and resolution in day-to-day operations such as chargebacks processing.
• Review contracts for revenue accounting implications (e.g., renewals, contract modifications, and variable consideration)
• Collaborate closely with external auditors to drive timely accounting conclusions for revenue recognition. Function as a primary point of contact throughout the audit process for external/internal auditors and consultants on technical revenue matters.
• Lead and mentor a team of revenue accounting professionals, fostering a collaborative, high-performing culture, and a continuous improvement mindset.
• Work to maximize process efficiencies, ensure processes have effective internal controls and meet business needs.

Supervisory Responsibilities:

This position manages a team of five.

Interaction:

The incumbent reports to the Corporate Controller and works closely with Finance, Sales, Market Access, Commercial Analytics, National Accounts, Legal, customers, internal and external auditors, and vendors.

Education and Experience:

• BS/BA degree from an accredited college/university required; Accounting, Finance, or Mathematics/Statistics concentration preferred.
• CPA or MBA preferred.
• Minimum 10 years of accounting experience, experience with complex revenue recognition transactions and Gross-to-Net accounting required with prior experience in the Pharmaceutical Industry preferred.
• 5+ years of direct management experience leading accounting operations
• Advanced Microsoft Excel experience required with Power BI preferred.

Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Knowledge, Skills, and Abilities:

• Deep knowledge of corporate accounting and revenue accounting requirements, preferably in the pharmaceutical industry
• Ability to develop, maintain and evaluate models for calculating and forecasting gross-to-net deductions.

• Demonstrated excellent analytical abilities and effective oral and written communication skills.
• Experience working in a fast-paced environment with multi-project and multi-product manufacturing organization.
• Exceptional communication and stakeholder management skills with the ability to effectively collaborate with cross-functional teams to drive business process transformation.

• High proficiency in using Microsoft Excel, Word, and PowerPoint
• Proven ability to manage multiple projects, set priorities and meet deadlines.

• Medical, Prescription, Dental, Vision Coverage
• Flexible Spending Account & Health Savings Account with Company match
• Employee Assistance Program
• Mental Health Resources
• Disability Coverage
• Life insurance
• Critical Illness and Accident Insurance
• Legal and Identity Theft Protection
• Pet Insurance
• Fertility and Maternity Assistance
• 401(k) with company match
• Flexible Time Off (FTO) and 11 paid holidays
• Paid Parental Leave

The base pay range for this role is $224,000 to $305,000 per year. The range is what we reasonably expect to pay for this role. The range considers a wide range of factors that are considered in making compensation decisions, including but not limited to: geographic markets, business or organizational needs, skill sets, experience, training, licensure, and certifications.   Depending on the position offered, incentive plans, bonuses, and/or other forms of compensation may be offered.

EEO Statement: Pacira is proud to be an Equal Opportunity Employer and does not discriminate against applicants because of race, color, religion, sex (including gender identity, sexual orientation, and pregnancy), national origin, age (40 or older), veteran status, disability or genetic information, or any other characteristic protected under applicable federal, state, or local law. At Pacira we are committed to intentionally cultivating a culture of inclusion where all feel welcomed and valued for their background, perspectives, and experiences. We hold one another accountable to promote trust and transparency in support of our communities and collective purpose.
Agency Disclaimer: Pacira Biosciences, Inc. (Hereafter, Pacira) does not accept unsolicited resumes from recruiters or employment agencies in response to the Pacira Careers page or a Pacira social media post. Pacira will not consider or agree to payment of any referral compensation or recruiter fee relating to unsolicited resumes. Pacira explicitly reserves the right to hire said candidate(s) without any financial obligation to the recruiter or agency. Any unsolicited resumes, including those submitted to hiring managers, are deemed to be the property of Pacira.