Director of Revenue Accounting

Description

We are seeking a highly skilled, detailed, and technical leader to join Lantheus as the Director of Revenue Accounting . This individual is responsible for leading, developing and driving the revenue recognition and the accounting over accounts receivable and all related areas, specifically collections and reporting metrics. This role will consist of cross-functional collaboration with various departments related to processes associated with global revenue. Responsibilities will include partnering with cross-functional teams within the business, most notably the Customer Service on the billing initiatives, credit memo assessments, and quote-to-cash process. This team member will have a significant influence within the finance and accounting leadership team, collaborating closely with FP&A, Treasury, Investor Relations and Internal Audit, reporting directly to the Global Controller. This individual will have a strong technical and process-driven background along with a robust operational background, specifically on billing and collection initiatives. This role will also require the ability to drive timely and accurate financial closes, effective internal controls, and compliance to company policies, and identification and solution-oriented approaches to complex revenue matters.

This position is site-based and requires a presence on-site in Bedford, MA three days per week.

Key Responsibilities / Essential Functions

• Implementation of all new revenue products and performance obligations into the quote-to-cash process, including proper revenue recognition and system integration.
• Drive the results for specific Key Performance Indicators ("KPI's") of the business, which include improvements over Days Sales Outstanding ("DSO") at the product-type level and management reporting dashboards.
• Own with accounts receivable and collection process which will include assessing the collectability efforts, key financial results, and cash receipt application. The responsibilities of this role will involve direct customer contact and relationship building and root cause analysis for any payment delays.
• Partner with the Customer Service department, who are responsible for billing preparation, to improve the billing process, which will include integration and streamlining of any new products and performance obligations into the Company's ERP system (SAP S / 4 HANA).
• Manage a team of 4-7 individuals who will be responsible for the close process, revenue recognition, reporting, accounts receivable and collection improvements.
• Responsible for revenue recognition policies and procedures are in conformance with ASC 606, U.S. GAAP, other pertinent authoritative literature, and the Company's established policies.
• Builds, owns and maintains weekly revenue and dashboards using financial systems (i.e. SAP, SAC, BI, etc..) that provide actionable insights on performance against historical trends and expectations, as provided by the FP&A team.
• Partner with the FP&A team to prepare and review the revenue and pricing internal reporting packages and presentations with an emphasis on key insights (i.e. plant level, # of doses, ASP, etc.) that illustrate a well-thought-out story that is backed by strong data points and metrics and provides the business value added insight to enable business decisions.
• Participating in the preparation and review of accounting memos, 606 contract reviews and positions related to significant, complex, and / or non-standard agreements / transactions and work cross-functionally with internal stakeholders including legal department to ensure deals are accretive and to provide conclusions, resolutions, and recommendations.
• Responsible for the monthly and quarterly revenue close process , including assurance of accurate and timely results in our SAP S / 4 HANA and all related interfaces and systems. Review significant, complex, and / or non-standard entries, credit memos and adjustments in the GL. Responsible for accuracy, completeness and propriety of journal entries, revenue accruals, account reconciliations, and all allowance accounts and analyses, including related COGS accruals.
• Manage the quarterly reviews and annual revenue audit for both the internal and external auditors, which includes PBCs and related analyses.
• Close collaboration with FP&A on analyzing revenue results to explain the drivers and changes in the Balance Sheet and P&L versus prior periods and latest forecasts and budget
• Lead the Revenue Close Process Improvement and Transformation project s, including process mappings, swim lanes and system optimizations.
• Comply with Sarbanes-Oxley section 404 requirement as related to revenue recognition, ERP, and related systems. Business owner of the revenue SOX narrative, workflow, and relevant key controls.
• Work cross-functionally within the organization on new initiatives and special projects such as evolving revenue models, strategic partnership programs and new product launches.
• Drive the identification of inefficiencies and opportunities for process improvements and lead the implementation of best practices to scale the accounting team.
• Lead, retain, and develop a high-performing revenue accounting / finance team by supporting their growth, providing motivation, prompt feedback, and coaching, while setting clear expectations and holding individuals accountable for performance and behavior.
• Assist in other ad-hoc projects as requested.

Basic Qualifications

The ideal candidate will embody Lantheus core values :

Lantheus is committed to equal employment opportunity and non-discrimination for all employees and qualified applicants without regard to a person's race, color, sex, gender identity or expression, age, religion, national origin, ancestry, ethnicity, disability, veteran status, genetic information, sexual orientation, marital status, or any characteristic protected under applicable law. Lantheus is an E-Verify Employer in the United States.

Equal Opportunity Employer

This employer is required to notify all applicants of their rights pursuant to federal employment laws.

For further information, please review the Know Your Rights notice from the Department of Labor.