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Associate Director, Gross to Net Finance

Company: Kyowa Kirin, Inc.
Location: Princeton
Posted on: May 11, 2024

Job Description:

Kyowa Kirin is a fast growing global specialty pharmaceutical company that applies state-of-the-art biotechnologies to discover and deliver novel medicines in four areas of unmet need: oncology, nephrology, immunology and CNS/movement disorders. The North America organization includes two offices (in New Jersey and California) that focus on drug discovery, product development, and commercialization.Together, we work as a close-knit team to understand clinical needs and advance innovations that can have a profound impact on patient lives. Summary of Job: The Associate Director, Gross-to-Net Finance will be a key member of the Finance & Accounting organization, leading the accounting and forecasting for pharmaceutical gross-to-net (GTN) revenue deductions across all channels, as well as providing financial support to our established products portfolio. This individual is responsible for applying accounting principles and procedures to ensure the preparation of accurate and timely financial information to Management and Parent Company. Essential Functions:

  • Responsible to perform analysis that provide greater visibility of the value chain economics (pricing, commercial contracting, channel metrics, impact of policy changes, etc.) and brings insights to stakeholders in the organization in support of planning, forecasting, and strategy decisions.
  • Prepare Policies, Procedures, SOP's, and Accounting memos for to support Gross to Net and Revenue Accounting.
  • Manage Gross-To-Net (GTN) function including all accounting and analysis related to closing, including maintaining and ensuring compliance with JSOX controls and documentation requirements; review, analysis, and pressure testing of gross-to-net accounting estimates/accruals, and working closely with government pricing, contracting, and market access teams.
  • Develop and maintain Balance Sheet Analytics for all GTN accounts including Medicaid, Part D, Commercial, 340B, returns, DSA fees, prompt pay, Tricare, and Coverage Gap.
  • Responsible for Revenue Recognition accounting in accordance with IFRS 15; maintain accurate accounting records for US legal entities and ensure compliance with IFRS; oversee the identification and calculation of month end accruals
  • Lead financial expert for product launches by providing benchmarking and insights on GTN liabilities across government and commercial channels, including managed care contract, Medicaid, 340B, Tricare, returns, co-pay, prompt pay, Distributor fees, and Coverage Gap
  • Develop and maintain monthly forecasting models to support budget and LE process. Review actual claims and Balance Sheet analytics to ensure alignment and consistency between historical actuals and forecasts. Document assumptions for any deviations from historical claims data. Provide General Accounting team with accrual rates to apply against monthly factory sales.
  • Provide Management with insight and detailed explanations for fluctuation between forecasted rates, and actual GTN deductions.
  • Manage monthly close process for GTN and the established product portfolio, including established accruals, providing critical analysis of data, and alert management to potential changes that may affect their business
  • Active member or pricing committee supporting Management in key product pricing decisions. Work closely and support Market Access team in the development of models supporting those pricing decisions.
  • Collaborate with Canadian General Manager and Market Access team to stay informed on Canadian market trends. Develop and maintain forecast models for Public and Private Payers. Prepare Balance Sheet analytics to ensure adequate reserves for Publics & Private Payers.
  • Stay abreast of emerging healthcare & pharmaceutical industry trends and assess their potential impact on GTN forecasting and accruals
  • Support Market Access & Government Reporting team in analysis of bonafide service fees and other special projects
  • Perform other account analysis and lead other special projects on as needed basis.
    Job Requirements: Education
    • Bachelor's Degree in Accounting. CPA preferred.
      • Qualified Revenue/GTN Accountant with 5+ years experience in gross to net accounting and forecasting
      • Strong working knowledge of US GAAP. IFRS and/or JSOX knowledge a plus.
      • Strong working knowledge of ASC 606 and/or IFRS 15 required.
      • Strong financial background including experience in working with a variety of financial reporting systems with an emphasis on Excel.
      • Experience in Pharmaceutical industry required (8+years)
      • Previous experience of multinational operations and inherently tight reporting deadlines would be beneficial
        Technical Skills
        • Proficient in MS Office
        • Working knowledge of Great Plains/Dynamics/MS365
          Non-Technical Skills Highly motivated and great attention to detail. Strong endurance to work under tight timelines and complex/changing situations. Excellent written and oral communication skills. Excellent problem solving skills. Broad level of interpersonal skills and flexibility. Cultural sensitivity and ability to develop consensus within a multinational organization. Physical Demands: Normal office environment with prolonged sitting and extensive computer work KKNA and all of its employees have an obligation to act in accordance with the law and with integrity in all our operations and interactions It is the policy of Kyowa Kirin North America, Inc. to provide equal employment opportunity to all qualified persons without regard to race, religion, creed, color, pregnancy, sex, age, national origin, disability, genetic trait or predisposition, veteran status, marital status, sexual orientation or affection preference or citizenship status or any other category protected by law. When you apply to a job on this site, the personal data contained in your application will be collected and stored by Kyowa Kirin, Inc. ("Controller"), which is located at 135 Route 202/206, Suite 6, Bedminster, NJ 07921 USA and can be contacted by emailing Controller's data protection officer can be contacted at Your personal data will be processed for the purposes of managing Controller's recruitment related activities, which include setting up and conducting interviews and tests for applicants, evaluating and assessing the results thereto, and as is otherwise needed in the recruitment and hiring processes. Such processing is legally permissible under Art. 6(1)(f) of General Data Protection Regulation (EU) 2016/679 ("GDPR") as necessary for the purposes of the legitimate interests pursued by the Controller, which are the solicitation, evaluation, and selection of applicants for employment. Your personal data will be shared with Greenhouse Software, Inc., a cloud services provider located in the United States of America and engaged by Controller to help manage its recruitment and hiring process on Controller's behalf. Accordingly, if you are located outside of the United States, your personal data will be transferred to the United States once you submit it through this site. The transfer will be made using appropriate additional safeguards under the standard contractual clauses approved by regulators for transfers of personal data outside the European Union. Your personal data will be retained by Controller as long as Controller determines it is necessary to evaluate your application for employment. Under the GDPR, if you are located in the European Union, you have the right to request access to your personal data, to request that your personal data be rectified or erased, and to request that processing of your personal data be restricted. You also have the right to data portability, and to lodge a complaint with an EU supervisory authority. If you have any questions about our use of your data, you may contact us by email at Recruitment & Staffing Agencies
          Kyowa Kirin does not accept agency resumes unless contacted directly by internal Kyowa Kirin Talent Acquisition. Please do not forward resumes to Kyowa Kirin employees or any other company location; Kyowa Kirin is not responsible for any fees related to unsolicited resumes. #LI-Hybrid #-LI-JC1

Keywords: Kyowa Kirin, Inc., Trenton , Associate Director, Gross to Net Finance, Accounting, Auditing , Princeton, New Jersey

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