Sr. /Manager, Revenue & Collaboration, Accounting

Employer
Moderna
Location
Cambridge, MA
Salary
Competitive
Posted
May 03 2019
Ref
R1508
Discipline
Life Sciences, Biology
Organization Type
Biotech
Sr. /Manager, Revenue & Collaboration, Accounting

The Role:

This is an exciting role and opportunity to be a key member of the Accounting organization supporting a dynamic and high growth organization that is radically changing the biotechnology industry. The Senior Manager/Manager, Revenue & Collaboration Accounting will report to the Controller and will be responsible for ensuring the proper recognition and timely billing of revenue on all third-party strategic collaboration arrangements. This role, in conjunction with the Alliance Management team and program managers, will be responsible for the review and execution of the contractual obligations under new and existing collaboration agreements. In particular, this role will execute the technical accounting conclusions for new and existing agreements, including (i) operationalizing the contract obligations / deliverables and milestones to ensure the timely recording and recognition of the related revenue and, (ii) timely billing and collection, and (iii) a timely and accurate monthly and quarterly financial close process to enable the Company to meet its external SEC reporting/filing timelines, while ensuring compliance with the related SOX controls and the relevant U.S. GAAP accounting standards.

The Senior Manager/Manager, Revenue & Collaboration Accounting will also support and lead process improvements and optimization of our business processes across the Company to ensure scalability of our operations to support future growth. A key goal for the Senior Manager/Manager, Revenue & Collaboration Accounting will be to operationalize and drive adoption of Accounting Standards Codification (ASC) 606, Revenues from Contracts with Customers. The Senior Manager/Manager, Revenue & Collaboration Accounting will also play a key role in educating and training stakeholders across the Company on our financial policies and processes, specifically those related to our third-party strategic collaborators. The successful candidate must be comfortable challenging the status quo, driving change, managing through uncertainty and supporting a high growth fast paced organization.

The successful candidate must have public company experience, implemented ASC 606, familiar with implementing and remediating SOX controls, and have experience driving process improvements. This role will partner with FP&A and other functional teams to ensure adequate touch points to drive an accurate operational finance and accelerated close process, and to identify and provide solutions for process challenges.

We work collaboratively as a team, we boldly strive for excellence, we are constantly curious and we are relentless in our pursuit of the balance between efficiency, effectiveness, and controls and compliance. We are committed to ongoing process improvements and to providing accurate, timely and insightful financial information and a high level of customer service.

Here's What You'll Do:
  • Manage, drive and own all aspects of process for recognizing revenue from arrangements with our third-party strategic collaborators
  • Partner with Technical Accounting team to assess, conclude and document accounting methodology for arrangements with our third-party strategic collaborators including collecting relevant information from business partners and collaborators, recording and reporting related financial information
  • Manage and own accounting workbooks ensuring collaboration terms are appropriately mapped
  • Partner with business partners to execute collaborations with strategic partners, including billing third-party strategic collaborators
  • Partner with Technical Accounting team and business partners to establish and drive operational finance procedures necessary to comply with ASC 606
  • Align, establish and drive monthly and quarterly close process, schedules, deadlines, and key meetings with internal stakeholders and third-party strategic collaborators to review and obtain sign-off on financial results and variance analysis
  • Oversee 1 accounting staff and ensure processes are performed in a timely and accurate manner, and in compliance with SOX controls
  • Perform key monthly reconciliations and journal entries for complex accounting areas and issues, including revenue recognition
  • Prepare monthly reporting and presentations, including flux analysis and explanations, of our financial results for senior management (CFO, CAO and Controller), audit committee and external auditors
  • Drive process improvements reducing time in the close process
  • Collaborate with other finance and business stakeholders to support department goals, including implementations of accounting-related systems/applications and process improvements
  • Support the financial audits and the SOX 404 audits, including the preparation of PBCs (prepared by client schedules) for the audits and for our SEC filings
  • Prepare, review and educate staff on proper workpaper documentation as required under SOX
  • Establish and maintain strong business partnerships with key counterparts including, FP&A, Procurement, and functional business owners
  • Possess broad knowledge of accounting concepts, superior analytical skills and knowledge of the industry to review issues and develop standards, policies and SOPs for the Accounting organization and in support of key business processes


Here's What You'll Bring to the Table:
  • Bachelor's degree in Accounting required
  • CPA required, Big 4 public accounting firm experience preferred
  • 6+ years of combined public accounting and biotechnology/pharmaceutical industry accounting experience
  • Mid-size public company experience, preferably in biotechnology industry
  • Strong knowledge of US GAAP, internal controls and managing a quarter-end close and reporting process
  • Strong knowledge of life science accounting transactions, including collaborations and clinical accruals
  • Possess strong SOX internal controls background and demonstrated ability to manage and drive a quarter-end close process fully compliant under SOX
  • Experience with financial systems including SAP, Blackline, and Concur (or another OCR tool); and Microsoft Suite of products
  • Proactive, responsive and timely problem solver with outstanding project management skills, pays attention to detail, drives processes and meets deadlines.
  • Strong organizational, interpersonal, verbal and written communication skills
  • Ability to work collaboratively across functional teams
  • Experience leading and driving process improvements
  • A desire to be part of a high-growth, transformational company that is Bold, Relentless, Curious, and Collaborative.


Here's What We'll Bring to the Table:
  • Daily on-site catered lunches Cambridge
  • Company-provided iPhone
  • Free parking, monthly subway pass or a subsidized commuter rail pass
  • Highly competitive healthcare coverage including: medical offered through BCBS (HMO/PPO), dental, and vision offered through VSP
  • Flexible Spending Accounts for medical expenses and dependent care expenses
  • 16 weeks of 100% paid parental leave for all new parents
  • 16 weeks 100% paid family caregiver leave
  • 20 weeks 100% paid medical leave
  • Adoption assistance and discounts to local childcare centers, as well as access to care.com
  • 401k (traditional and Roth offered) with 50% match on first 6% deferred. Match is vested immediately
  • A suite of Moderna paid insurance coverage, including: life insurance, short-term and long-term disability
  • Voluntary legal assistance plan
  • 15 days' vacation and 7 sick days per year, in addition to a discretionary winter shut down and 11 company paid holidays


Why join Moderna Therapeutics

At Moderna, we believe messenger RNA, or mRNA, is the "software of life." Every cell in the body uses mRNA to provide real-time instructions to make the proteins necessary to drive all aspects of biology, including in human health and disease. Given its essential role, we believe mRNA could be used to create a new category of medicines with significant potential to improve the lives of patients.

Headquartered in Cambridge, Mass., Moderna currently has strategic alliances for development programs with AstraZeneca, Plc. and Merck, Inc., as well as the Defense Advanced Research Projects Agency (DARPA), an agency of the U.S. Department of Defense; and the Biomedical Advanced Research and Development Authority (BARDA), a division of the Office of the Assistant Secretary for Preparedness and Response (ASPR) within the U.S. Department of Health and Human Services (HHS). Moderna has been ranked in the top ten of Science's list of top biopharma industry employers for the past four years. To learn more, visit www.modernatx.com .

Our Mission:
Deliver on the promise of mRNA science to create a new generation of transformative medicines for patients.

#LI-PL1

Moderna is a smoke-free, alcohol-free and drug-free work environment.

Moderna 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. Moderna will make reasonable accommodations for qualified individuals with known disabilities, in accordance with applicable law.

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