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Director of Revenue Accounting

Date: Nov 24, 2021

Location: Waltham, MA, US, 02451 Waltham, MA, US, 02451

Company: Cytel Inc

Cytel provides unrivaled biostatistics and operations research knowledge to our customers in the life sciences industries in the form of both software and services.  At Cytel, we work hard to create successful careers with significant professional growth for our employees, as a result of which they work hard to make Cytel successful. Cytel is a place where talent, experience and integrity come together to advance the state of clinical development.

 

Job Description:

Reporting to the Chief Accounting Officer, the Director of Revenue Accounting will manage a team with ownership of monthly accounting processes for consolidated world-wide revenues including delivering flash revenue and close results accurately and timely, supporting annual audit requirements, promoting and maintaining a strong control environment. In addition to key accounting deliverables, this role will also develop the efficiency and accuracy of accounting operations of monthly revenue reporting, own accounts receivable, collection, unbilled and deferred revenue and participate in and support forecasting and budgeting processes.

The Director of Revenue Accounting is a leadership position within the Accounting Department with a goal of developing team members and collaborating with our business partners in Accounting, Finance, Commercial Operations, Project Management, Legal, Sales Operations, and Business Development. A successful candidate will have technical competence and experience in Project Based Services and Software revenue accounting and analytics, compliance and operational experience, and team management.

Essential Duties & Responsibilities:

 

  • Own global revenue for the company including the backup support to work with auditors and leadership.
  • Oversee and closely work team in the preparation and review of accounting close activities including the review of new contracts, complex account reconciliations, monthly analytics, and controls.
  • Review worldwide revenue transactions across Cytel on a monthly basis, working with those responsible for revenue to ensure proper accounting.
  • Partner with Finance, Commercial Operations, Project Management, Legal, Sales Operations, and Business Development on assessing correct revenue recognition streams based on contract.
  • Run revenue recognition in Sage Intacct and ensure proper entries are made for monthly revenue in appropriate entities.
  • Management of collections including direct supervision of Senior accountant in charge of collections.
  • Ownership and reconciliation for Unbilled/deferred revenue adjustments.
  • Partner with Business to align appropriate revenue recognition process/method.
  • Ensure the consistent practice and application of the Company’s revenue accounting policies, with attention to areas requiring judgment and estimates.
  • Responsible for maintaining appropriate financial internal controls related to revenue recognition.
  • Recommends and helps implement process improvements, as needed.
  • Help to ensure implementation of and compliance with US GAAP revenue recognition matters.
  • Provide data for external auditors and support global controller in yearend audit matters related to revenue.
  • Review and assess business/contracts to ensure appropriate revenue recognition method is recommended to accounting & sales ops
  • Ad-hoc requests from management in regard to revenue recognition and variance analysis.
  • Drive continuous development of tools to drive efficiency and promote scalability as it relates to issue identification and resolution in day-to-day operations of internal reporting
  • Expand the use of and engagement in reporting tools to improve efficiency
  • Opportunities to participate in Finance & Accounting shared projects
  • Opportunities to collaborate and support efforts in other areas of business

 

Qualifications:

  • Bachelor’s degree in Accounting or related field required (CPA preferred)
  • 8+ years progressive accounting experience 
  • Strong knowledge of ASC 606, ideally in Project Based Services and Software will be a plus
  • CRO industry experience will be a plus
  • Excellent communication and organizational skills
  • Proven ability to multi-task, prioritize work loads and meet the tight deadline.

 

Cytel Inc. is an Equal Employment / Affirmative Action Employer. Applicants are considered for all positions without regard to race, color, religion, sex, national origin, age, veteran status, disability, sexual orientation, gender identity or expression, or any other characteristics protected by law.

Cytel does not accept referrals from employment businesses and/or employment agencies in respect of the vacancies posted on this site. All employment businesses/agencies are required to contact Cytel’s human resources department to obtain prior written authorization before referring any candidates to Cytel. The obtaining of prior written authorization is a condition precedent to any agreement (verbal or written) between the employment business/ agency and Cytel. In the absence of such written authorization being obtained any actions undertaken by the employment business/agency shall be deemed to have been performed without the consent or contractual agreement of Cytel. Cytel shall therefore not be liable for any fees arising from such actions or any fees arising from any referrals by employment businesses/agencies.


Nearest Major Market: Waltham
Nearest Secondary Market: Boston

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