JOB SUMMARY:The Manager, Finance - Gross to Net is responsible for managing accruals, financial closing activities, contract pricing, and compliance related to Gross to Net processes. This role involves oversight of revenue management systems, audits, and collaboration with cross-functional teams to ensure accurate financial reporting and operational efficiency.
Key Responsibilities:- Accrual Management:
- Maintain accruals using Revenue Management System platform.
- Post monthly wholesaler accrual rates.
- Monitor changes to rebate agreement rates.
- Set up NPL.
- Daily Net Sales:
- Calculate and monitor actual vs forecast variance.
- Oversight of PGI issues (shipped vs billed reconciliation).
- Financial Closing:
- Month-end sales reporting (Day 3 & Day 6 meetings).
- Trial balance review (Revenue accounts).
- Ensure compliance for revenue and balance sheet account reconciliations.
- Audit Compliance:
- Support external and internal audits.
- Contract Pricing/Management:
- Oversight of shared services for net sales calculation.
- Collaborate with Marketing on launches and accrual assumptions.
- Coordinate WAC changes with Contracts.
- Resolve revenue billing issues.
- SSA/Price Protection Accruals:
- Calculate and post monthly provisions.
- Chargeback Review:
- Monitor errors and membership exceptions.
- Oversight of all direct and indirect contract maintenance and compliance with Sales and Marketing.
- Monthly review of Brand and Specialty Business.
- Manage Gross to Net and reconciliation for acquisition/divested products.
- Medicaid process support with Government Pricing Team.
- Rebates oversight with Shared Service.
- Monitor and reconcile 852/867 and 844m roll forwards.
- FP&A Support:
- Provide LE insights.
- Maintain GTN rates for EPM.
- Review ASP monthly.
- Customer onboarding process (financial review and credit risk).
- Support automation projects and Qlik Sense data analytics.
Working Capital:- Lead working capital savings initiatives to optimize DSO.
- Present DSO actuals vs budget to management, explain variances, and track goals.
Required Qualifications:- Bachelor's degree in Accounting and/or Finance.
- Master's degree in Accounting/Finance is a plus.
- 5+ years of Gross to Net experience in Generic or Brand Pharmaceuticals.
- Ability to work effectively with cross-functional stakeholders and provide insights.
- Experience in researching, documenting, and operationalizing accounting treatment for complex agreements.
- Strong analytical skills and problem-solving abilities.
- Working knowledge of U.S. GAAP, IFRS preferred.
- Excellent interpersonal and communication skills.
- Ability to manage multiple priorities in a fast-paced environment.
- Experience with SAP accounting systems is a plus.
- Highly proficient in Microsoft Excel, PowerPoint, and Word.
Preferred Qualifications:Master's degree in Accounting/Finance.
SAP experience.
Education: Bachelors Degree
