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Revenue Recognition Manager

Company: Catalent Pharma Solutions
Location: Catonsville
Posted on: March 28, 2020

Job Description:

Job DescriptionPosition Overview: Catalent hires people with a passion to make a difference to the health of millions of people globally. Your expertise, coupled with Catalents advanced technologies and collaboration with thousands of innovative pharmaceutical, biotech and healthcare companies, will help bring life-enhancing products to the people you know and love. Your talents, ideas and passion are essential to our mission; to develop, manufacture and supply products that help people live better, healthier lives. Interested in learning more about life at Catalent? Start hereRevenue Recognition ManagerParagon Gene Therapy, now a part of Catalent, hires people with a passion to make a difference. Your expertise, coupled with our advanced technologies and collaboration with innovative pharmaceutical, biotech and healthcare companies, will help bring life-enhancing products to the people you know and love. Your talents, ideas and passion are essential to our mission; to develop, manufacture and supply products that help people live better, healthier lives. Position SummaryThe Revenue Recognition Manager must have a solid understanding of technical revenue accounting principles under US GAAP and ASC 606 for a SaaS. The Revenue Manager will play a proactive role in the management of the accounting close, audit, and SOX cycle; support of the contract review process; design, implementation and improvement of order to cash process; and communication of financial impact to revenue throughout the organization. Instrumental in ensuring the accurate reporting of revenue and order-to-cash operations by providing accounting expertise, leadership, business insight and a strong desire to improve processes and controls.This position will be located at our Catonsville, MD location.The Revenue Recognition Manager will report to the to the Controller and support the continued growth of the revenue team at Catalent MD, Inc. The Role (daily responsibilities)

  • Set up and track all Sales Contracts and Change Orders by searchable information (Project Manager, Program, Type of Revenue, etc.)
  • Applying ASC 606 Revenue Recognition principles to new contracts when assessing the revenue recognition treatment
  • Track and understand the nuances in revenue recognition based on the sales contract type of contract
  • Coordinating and collaborating with FP&A on the Annual Budget and Monthly/Quarterly Revenue Forecasts
  • Work closely with Accounts Receivable team on billing schedules, cash collection and credits to customers
  • Provide cash collection forecasts to Cash Management function weekly or daily if required
  • Create and Maintain customer contract checklists for new contracts to disburse Contracts information to relevant personnel work closely with Business Development, Accounts Receivable, Project Managers, Project Liaison and FP&A
  • Preparing the monthly Project Status Reports for each project necessary to calculate the revenue for the month and contract to date
  • Reconcile monthly revenue reports and prepare monthly revenue related journal entries
  • Analyze and research revenue discrepancies, credits and loss contingencies
  • Assist in provide information for quarterly and year end auditsThe Candidate (requirements)
    • Bachelors degree in Accounting or related field, CPA preferred
    • 5+ years of experience accounting related roles with a concentration in revenue recognition
    • Thorough understanding of GAAP; strong research & analytical skills can you connect the dots?
    • Working knowledge of Microsoft Office is required. Understanding and application of Excel formulas a must
    • ERP experience is a plus
    • Knowledge of accounting theories and practices
    • Ability to work in fast paced, high pressure environment with high attention to detail
    • Ability to shift and manage multiple priorities
    • Job cost accounting a plus and/or working in a manufacturing environment
    • Team player. Strong interpersonal skills, listening, questioning and communication skills (written and oral)
    • Analytical skills are a mustCatalents standard leadership competencies that are used to interview and for Performance & Development:
      • Leads with Integrity and Respect
      • Delivers Results
      • Demonstrates Business Acumen
      • Fosters Collaboration and Teamwork
      • Champions Change
      • Engages and Inspires
      • Coaches and DevelopsPosition Benefits
        • Diverse, inclusive culture
        • Competitive salary
        • 401(k) retirement savings plan with company match
        • Educational assistance/reimbursement
        • 19 days Paid time off
        • Medical, dental, and vision insurance
        • Life insurance
        • Flexible spending account
        • Employee discount programs
        • Robust Employee Referral ProgramCatalent offers rewarding opportunities to further your career! Join the global drug development and delivery leader and help us bring over 7,000 life-saving and life-enhancing products to patients around the world. Catalent is an exciting and growing international company where employees work directly with pharma, biopharma and consumer health companies of all sizes to advance new medicines from early development to clinical trials and to the market. Catalent produces more than 70 billion doses per year, and each one will be used by someone who is counting on us. Join us in making a difference. personal initiative. dynamic pace. meaningful work.Visit www.catalent.com/careers to explore career opportunities.Catalent is an Equal Opportunity / Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected veteran status, sexual orientation or gender identity. If you require reasonable accommodation for any part of the application or hiring process due to a disability, you may submit your request by sending an email, and confirming your request for an accommodation and include the job number, title and location to DisabilityAccommodations@catalent.com. This option is reserved for individuals who require accommodation due to a disability. Information received will be processed by a U.S. Catalent employee and then routed to a local recruiter who will provide assistance to ensure appropriate consideration in the application or hiring process.Notice to Agency and Search Firm Representatives: Catalent Pharma Solutions (Catalent) is not accepting unsolicited resumes from agencies and/or search firms for this job posting. Resumes submitted to any Catalent employee by a third party agency and/or search firm without a valid written & signed search agreement, will become the sole property of Catalent. No fee will be paid if a candidate is hired for this position as a result of an unsolicited agency or search firm referral. Thank you.Catalent = Catalyst + TalentYour talents, ideas, and passion are essential to our mission: to develop, manufacture, and supply products that help people live better, healthier lives. Join us!personal initiative. dynamic pace. meaningful work.Catalent is the perfect place to grow your career if
          • You enjoy the fast pace of a start-up, but want the opportunities and stability of a growing, publicly traded company (Listed on NYSE: CTLT).
          • You want meaningful work. From cough treatments to cancer-fighting drugs, biologics, and vitamins, we help develop, launch, and supply over 200 new products each year more than any branded drug maker in the world!
          • You want to plant your career in a growing company. Over the last five years, Catalent has re-invested more than $2 billion back into the company and its people.
          • You are excited about learning, collaborating, and growing alongside a global diverse team. Our team of more than 11,000 comes to work every day ready to overcome new challenges with teamwork, advanced technologies, and a passion to deliver by putting patients first.
          • You want to make a global impact! From North America to Europe, Asia to Latin America, we have innovative science and manufacturing teams who are looking for YOU!
          • See how our teams are making a difference, while growing their careers and fulfilling our mission by putting patients first every day here. Catalent is an Equal Opportunity / Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status. If you require reasonable accommodation for any part of the application or hiring process due to a disability, you may submit your request by sending an email along with the job number and title to Jobs@catalent.com. This option is reserved for individuals who require accommodation due to a disability. Information received will be routed to a recruiter who will provide assistance to ensure appropriate consideration in the application or hiring process.

Keywords: Catalent Pharma Solutions, Catonsville , Revenue Recognition Manager, Executive , Catonsville, Maryland

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