Associate Director, Billing & Revenue Accounting
ElevateBio, Waltham, Massachusetts, United States, 02254
Overview
ElevateBio is a technology-driven cell and gene therapy company, accelerating access to cutting-edge technologies and expertise to change the future of medicine. Our integrated technologies model offers turnkey scale and biotechnological capabilities to power genetic medicines processes, programs, and companies to their full potential. We are seeking an exceptional candidate to join the ElevateBio Finance team. The Finance team serves as a key stakeholder in strategic decisions, including cost analysis, pricing, revenue, and line of business profitability analysis. The Associate Director, Billing and Revenue Accounting will collaborate with multiple teams to manage billings, accounts receivable, and revenue recognition for customer contracts. This role will drive enhancements in the order-to-cash process to better support scaling of the business, enhance management reporting, and support financial planning and analysis. The person will be a key member of the Finance team and will work closely with the Vice President, Corporate Controller to interface with company senior leadership for the continued growth of the Company.
Responsibilities
Perform month-end close responsibilities for revenue accurately and in line with closing schedules
Ensure revenue recognition for customer contracts is in compliance with company policies
Responsible for building and maintaining a revenue model to support revenue recognition for all major contracts
Work closely with relevant groups to review contract milestones, pricing, timelines, and related project forecasts
Prepare monthly management reporting package to highlight key results and provide explanations to senior leadership and business partners
Oversee the billing and accounts receivable functions, including managing client relationship and communications on all billings related matters
Drive improvements/enhancements of the overall billing and revenue cycle by working cross-functionally with the commercial, program management and operations groups
Partner with FP&A team in the annual budgeting process for all revenue generating activities
Support the short-term and long-term forecast process including revenue analysis at the company, service, and contract level
Establish and maintain analysis and support for standalone selling prices and the allocation of transaction prices
Collaborate with the technical accounting team to document revenue policies and procedures as well as deal specific accounting memos
Assist with interim reviews and annual external audits
Key player on SOX implementation team focusing on risk assessment, key controls, documentation, and testing
Qualifications
Bachelor’s degree in Accounting/Finance/Business required
Current CPA certification and/or MBA, while not required, will be considered a plus
Strong knowledge of ASC 606 and the percentage of completion method
Approximately 8+ years of revenue recognition accounting experience
Superior oral and written communication skills, including the ability to present complex concepts in a clear and concise manner to all levels of the organization
Experience in biotechnology and the manufacturing service business
Successful candidate will be a self-motivated individual, able to achieve high impact in a fast-growing biotech startup
The budgeted range for this position is $170,000 - $210,000. This range is a good faith estimate of the expected salary range for this position, based on a wide range of factors including qualifications, experience and training, operational and business needs and other considerations permitted by law.
Why Join ElevateBio? ElevateBio is a technology-driven company built to power transformative genetic medicines today and for many decades to come. The Company commercializes its enabling technologies, manufacturing capabilities, and industry-leading expertise through partnerships to accelerate development across a breadth of therapeutic approaches and modalities. The ElevateBio ecosystem combines multiple R&D technology platforms – including Life Edit, a next-generation, full-spectrum gene editing platform; comprehensive cell engineering technologies; and an expanded viral and non-viral therapeutic delivery platform – with BaseCamp®, its end-to-end genetic medicine cGMP manufacturing and process development business, to accelerate the discovery and development of advanced therapeutics.
We aim to be the dominant engine inside the world’s greatest scientific advancements harnessing human cells and genes to alter disease.
Mission and Vision Our Mission:
To power the creation of life-transforming cell and gene therapies, at a speed the world deserves.
Our Vision:
We seek to be the world’s most indispensable cell and gene therapy technology company, redefining how companies operate, how products are created and how disease is treated.
ElevateBio is committed to equal employment opportunity and non-discrimination for all employees and qualified applicants without regard to race, color, gender, age, religion, national origin, ancestry, disability, veteran status, genetic information, sexual orientation or any characteristic protected under applicable law. ElevateBio will make reasonable accommodations for qualified individuals with known disabilities, in accordance with applicable law.
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Responsibilities
Perform month-end close responsibilities for revenue accurately and in line with closing schedules
Ensure revenue recognition for customer contracts is in compliance with company policies
Responsible for building and maintaining a revenue model to support revenue recognition for all major contracts
Work closely with relevant groups to review contract milestones, pricing, timelines, and related project forecasts
Prepare monthly management reporting package to highlight key results and provide explanations to senior leadership and business partners
Oversee the billing and accounts receivable functions, including managing client relationship and communications on all billings related matters
Drive improvements/enhancements of the overall billing and revenue cycle by working cross-functionally with the commercial, program management and operations groups
Partner with FP&A team in the annual budgeting process for all revenue generating activities
Support the short-term and long-term forecast process including revenue analysis at the company, service, and contract level
Establish and maintain analysis and support for standalone selling prices and the allocation of transaction prices
Collaborate with the technical accounting team to document revenue policies and procedures as well as deal specific accounting memos
Assist with interim reviews and annual external audits
Key player on SOX implementation team focusing on risk assessment, key controls, documentation, and testing
Qualifications
Bachelor’s degree in Accounting/Finance/Business required
Current CPA certification and/or MBA, while not required, will be considered a plus
Strong knowledge of ASC 606 and the percentage of completion method
Approximately 8+ years of revenue recognition accounting experience
Superior oral and written communication skills, including the ability to present complex concepts in a clear and concise manner to all levels of the organization
Experience in biotechnology and the manufacturing service business
Successful candidate will be a self-motivated individual, able to achieve high impact in a fast-growing biotech startup
The budgeted range for this position is $170,000 - $210,000. This range is a good faith estimate of the expected salary range for this position, based on a wide range of factors including qualifications, experience and training, operational and business needs and other considerations permitted by law.
Why Join ElevateBio? ElevateBio is a technology-driven company built to power transformative genetic medicines today and for many decades to come. The Company commercializes its enabling technologies, manufacturing capabilities, and industry-leading expertise through partnerships to accelerate development across a breadth of therapeutic approaches and modalities. The ElevateBio ecosystem combines multiple R&D technology platforms – including Life Edit, a next-generation, full-spectrum gene editing platform; comprehensive cell engineering technologies; and an expanded viral and non-viral therapeutic delivery platform – with BaseCamp®, its end-to-end genetic medicine cGMP manufacturing and process development business, to accelerate the discovery and development of advanced therapeutics.
We aim to be the dominant engine inside the world’s greatest scientific advancements harnessing human cells and genes to alter disease.
Mission and Vision Our Mission:
To power the creation of life-transforming cell and gene therapies, at a speed the world deserves.
Our Vision:
We seek to be the world’s most indispensable cell and gene therapy technology company, redefining how companies operate, how products are created and how disease is treated.
ElevateBio is committed to equal employment opportunity and non-discrimination for all employees and qualified applicants without regard to race, color, gender, age, religion, national origin, ancestry, disability, veteran status, genetic information, sexual orientation or any characteristic protected under applicable law. ElevateBio will make reasonable accommodations for qualified individuals with known disabilities, in accordance with applicable law.
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