Senior Manager Of Accounting

ABOUT MEITHEAL PHARMACEUTICALS

Founded in 2017 and based in Chicago, Meitheal Pharmaceuticals is focused on the development and commercialization of generic injectables and, as of 2022, has expanded its focus to include fertility, biologics, and biosimilars. Meitheal currently markets 50 US Food and Drug Administration (FDA)-approved products across numerous therapeutic areas including anti-infectives, oncolytics, intensive care, and fertility. As of the end of April 2023, Meitheal, directly or through its partners, has over 20 products in the research and development phase, 21 products planned for launch in 2023, and an additional 20 products under review by the FDA. Meitheal’s mission is to provide easy access to fairly priced products through robust manufacturing, consistent supply, and rapid response to our customers’ needs. Ranked among the top 100 Crain’s Best Places to Work in Chicago, Meitheal emulates the traditional Irish guiding principle we are named for — Meitheal (Mee·hall): working together toward a common goal, for the greater good.

Summary:

The Senior Manager of Account will work within the Finance function with a series of responsibilities, including leading the month end accounting process, as well as technical accounting and reporting responsibilities for the organization.

Essential Duties and Responsibilities include the following (other duties may be assigned):

• Overseeing the technical accounting function, including adoption of new Accounting standard pronouncements
• Drafting/maintaining new accounting disclosures to comply with the newly issued accounting standards
• Preparing and maintaining accounting documentation, including technical accounting research on complex accounting issues and document the position papers
• Developing/maintaining accounting policies, procedures and tools/templates to comply with GAAP
• Implementing changes in accounting policies, procedures and system changes
• Coordinating with independent auditors for interim and annual audit
• Reviewing contracts to determine the accounting impact including the new ASC 606 impact
• Developing, implementing and reviewing documentation for internal control compliance and testing
• Working closely with internal and external auditors throughout the implementation process and after adoption to ensure audit requests are provided in a timely manner
• Establishing gross to net process for accounting for daily shipments as well as the monthly reconciliation
• Implementing gross to net process into ERP system (SAP Business One)
• Creating cash flow statement monthly and developed short term and long term cash flow based on wholesaler balance
• Analyzing AR issues and actively monitor the cash application process of 3PL (ICS).
• Establishing accruals/reserves (including chargebacks, prompt pay discounts, product returns etc.)
• Establishing accruals/reserves (including chargebacks, prompt pay discounts, product returns etc.)
• Preparing corporate financial statements, including balance sheet, income statement, and related analytics, including cost center review and comparison to budget and forecast
• Reviewing results on a monthly basis and provide variance analysis

Qualifications: To perform this job successfully, an individual must be able to focus on the overall objective for a given process or accounting area, while at the same time able to dive into transactional detail if needed to resolve questions or issues. Must have a curious mindset that proactively seeks understanding and feedback.

Education and/or Experience:

• Bachelor's degree in Accounting or Finance; .
• Minimum of 7 years of experience with a mixture of public accounting (Big Four or large regional firm preferred) and industry experience that includes technical accounting or reporting responsibilities.
• US GAAP and technical accounting research experience.
• Financial Statement Analysis experience.
• Pharma industry experience including generics and brand highly preferred, including experience with gross to net adjustments, and chargebacks.
• CPA preferred.

Language Skills: One must display excellent communication skills; able to quickly establish a personal brand within the organization to drive cross functional collaboration

Computer Skills: Solid understanding of U.S. GAAP, SEC financial reporting, and management reporting and analysis

Physical Demands: While performing the duties of this Job, the employee is frequently required to stand; walk; and sit. The employee must occasionally lift and/or move up to 10 pounds.

Work Environment: The noise level in the work environment is usually moderate.

AAP/EEO Statement: Equal Opportunity Employer Minorities/Women/Veterans/Disabled