Associate Director, Global Revenue Technical Accounting

Vertex Pharmaceuticals • Boston, MA

19h • $144,000 - $216,000 • Hybrid

About The Position

The Associate Director, Global Revenue Technical Accounting will lead and oversee the company’s revenue recognition processes, ensuring compliance with US GAAP (ASC 606) and other relevant accounting standards. This role will involve managing complex revenue transactions, ownership of the accounting policies and training curriculum, and leading the collaboration with cross-functional teams to support revenue related financial reporting requirements. The Associate Director will also play a critical role in audits, SEC filings, and the development of training tools for the revenue accounting team.

Requirements

• Proven ability to analyze and present complex accounting issues to senior management
• Excellent written and verbal communication skills, including memo drafting and presentation capabilities
• Strong organizational and collaboration skills, with the ability to work effectively across various levels of the organization
• Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint)
• Bachelor’s degree in Accounting or Finance; CPA required
• Minimum of 9 years of progressive accounting experience, with a focus on pharmaceutical or life sciences revenue accounting or technical accounting roles
• Public accounting experience, preferably with a Big 4 firm
• Strong knowledge of US GAAP, particularly ASC 606

Responsibilities

• Oversee the process for evaluating and documenting the revenue recognition (ASC 606) for customer contracts and reimbursement agreements
• Oversee the accounting review of new agreements and complex gross-to-net transactions, ensuring accurate and consistent application of technical accounting conclusions across products and regions
• Own and maintain the revenue recognition policies and procedures, collaborating with international and North American revenue accounting teams
• Prepare and present quarterly contract summaries and accounting conclusions, including ad-hoc complex gross to net transactions to Revenue and Accounting leadership teams
• Partner with cross-functional teams, including Legal, Sales, and Operations, to support contract drafting and ensure compliance with revenue recognition standards
• Partner with the SEC Reporting team to support preparation of revenue-related disclosures for SEC filings, responsible for overseeing the annual review of 10K revenue accounting policies for updates and review from revenue leadership team
• Lead the review process of revenue recognition memos, audit schedules, and responses to auditor requests during quarterly and annual reviews
• Support statutory audits in partnership with the International Accounting Team
• Build and maintain strong partnerships with global accounting, finance, and commercial teams to meet internal and external financial reporting requirements
• Provide training and mentorship to the revenue accounting team on US GAAP accounting guidance and its application

Benefits

• This role is eligible for an annual bonus and annual equity awards.
• Some roles may also be eligible for overtime pay, in accordance with federal and state requirements.
• At Vertex, our Total Rewards offerings also include inclusive market-leading benefits to meet our employees wherever they are in their career, financial, family and wellbeing journey while providing flexibility and resources to support their growth and aspirations.
• From medical, dental and vision benefits to generous paid time off (including a week-long company shutdown in the Summer and the Winter), educational assistance programs including student loan repayment, a generous commuting subsidy, matching charitable donations, 401(k) and so much more.

What This Job Offers

• Job Type: Full-time
• Career Level: Director