Associate Director, Billing & Revenue Accounting
ElevateBio, Waltham, MA, United States
ElevateBio is a technology-driven company powering the industry forward by helping partners realize the potential of their therapies from design to commercialization. We have integrated a differentiated set of technologies, end-to-end services, and industry-leading manufacturing expertise to develop advanced therapies faster and more efficiently.
The Role We are seeking an exceptional candidate to join the ElevateBio Finance team. The Finance team at ElevateBio serves as a key stakeholder in every strategic decision the business makes, 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, account receivables, revenue recognition for customer contracts, visionary in initiating and driving enhancement and improvements in the order-to-cash process that will better support the scaling of the business, enhance management reporting and support financial planning and analysis. This person will be a key member of the Finance team and will work very closely with the Vice President, Corporate Controller to interface regularly with company senior leadership to help 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
Requirements
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.
ElevateBio is committed to equal employment opportunity and non-discrimination for all employees and qualified applicants without regard to a person’s 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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The Role We are seeking an exceptional candidate to join the ElevateBio Finance team. The Finance team at ElevateBio serves as a key stakeholder in every strategic decision the business makes, 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, account receivables, revenue recognition for customer contracts, visionary in initiating and driving enhancement and improvements in the order-to-cash process that will better support the scaling of the business, enhance management reporting and support financial planning and analysis. This person will be a key member of the Finance team and will work very closely with the Vice President, Corporate Controller to interface regularly with company senior leadership to help 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
Requirements
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.
ElevateBio is committed to equal employment opportunity and non-discrimination for all employees and qualified applicants without regard to a person’s 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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