Senior Manager, Revenue Accounting in Toronto, Ontario

Senior Manager, Revenue Accounting

Date: Mar 4, 2024

Location:

Toronto, Canada, Ontario, M1B2K9

Company: Teva Pharmaceuticals

Job Id: 54570

Who we are

Together, we’re on a mission to make good health more affordable and accessible, to help millions around the world enjoy healthier lives. It’s a mission that bonds our people across nearly 60 countries and a rich, diverse variety of nationalities and backgrounds. Working here means working with the world’s leading manufacturer of generic medicines, and the proud producer of many of the products on the World Health Organization’s Essential Medicines List. Today, at least 200 million people around the world take one of our medicines every single day. An amazing number, but we’re always looking for new ways to continue making a difference, and new people to make a difference with.

The opportunity

The Senior Manager, Revenue Accounting will own all monthly and quarterly accounting processes for Canada revenues including delivering close results accurately and timely. The position will support all quarterly and annual audit requirements. He or she will develop, promote and maintain a strong control environment and will report directly to the Controller. This role will participate in and support forecasting and budgeting processes specifically focused on all aspects of Gross to Net estimates and liabilities for existing and future products. In addition to key accounting deliverables, this role will also develop the efficiency and accuracy of accounting operations of daily revenue reporting and supporting commercial management requests needed to properly evaluate product profitability.

How you’ll spend your day

• Execution of all accounting close activities including the review of new contracts, complex account reconciliations, quarterly analytics and controls

• Develop recommendations for accounting application of all existing and new customer revenue generating contracts

• Development and execution of all sales reserves for the Canadian business including but not limited to:

• Returns reserve.

• Chargeback reserve

• Early Payment Terms

• Ensure a formalized month and quarter end review process of all revenue related reserves

• Support continuous improvement of the efficiency and accuracy of internal reporting measures including daily scorecard/flash, monthly/quarterly revenue analytics reporting, profitability reporting

• Primary contact for financial planning leads in providing forecasted and actual data related to gross to net reserves.

• Identify and develop tracking tool of all relevant revenue generating contracts ensuring accuracy in revenue reporting

• Support external reporting and audit requirements

• Support internal reporting and internal audit requirements

• Support internal business requests for product performance analytics

• Support monthly receivables factoring activities

• Develop tools to drive efficiency and promote scalability as it relates to issue identification and resolution in day to day operations of internal reporting

• Expand the use of and engagement in reporting tools to improve efficiency

• Other duties and ad hoc requests as assigned

Your experience and qualifications

• Required: Bachelor Degree in Finance or similar; CPA preferred

• 5 Years Progressive Experience

• US GAAP , Gross to Net Knowledge

• SAP, Vistex (or other revenue models), Strong working knowledge of excel and capability to handle complex files

• Thorough knowledge of technical accounting and US GAAP application

• Thorough understanding of revenue accounting

• Capability to handle a high volume of transactions

• Strong collaboration and organizations skills

• Pharmaceutical knowledge a strong asset

Already Working @TEVA?

If you are a current Teva employee, please apply using the internal career site available on “Employee Central”. By doing so, your application will be treated with priority. You will also be able to see opportunities that are open exclusively to Teva employees. Use the following link to search and apply:Internal Career Site (https://performancemanager.successfactors.eu/sf/careers/jobsearch?bplte_company=1080030P)

The internal career site is available from your home network as well. If you have trouble accessing your EC account, please contact your local HR/IT partner.

Teva’s Equal Employment Opportunity Commitment

Teva Pharmaceuticals is committed to equal opportunity in employment. It is Teva’s global policy that equal employment opportunity be provided without regard to age, race, creed, color, religion, sex, disability, pregnancy, medical condition, sexual orientation, gender identity or expression, ancestry, veteran status, national or ethnic origin or any other legally recognized status entitled to protection under applicable laws. We are committed to a diverse and inclusive workplace for all. If you are contacted for a job opportunity, please advise us of any accommodations needed to support you throughout the recruitment and selection process. All accommodation information provided will be treated as confidential and used only for the purpose of providing an accessible candidate experience.

EOE including disability/veteran