Manager, Accounting (Revenue)
- Arrowhead Pharmaceuticals, Inc.
- Pasadena, California
- Full Time
Arrowhead Pharmaceuticals, Inc. (Nasdaq ARWR) is a commercial stage biopharmaceutical company that develops medicines that treat intractable diseases by silencing the genes that cause them. Using a broad portfolio of RNA chemistries and efficient modes of delivery, Arrowhead therapies trigger the RNA interference mechanism to induce rapid, deep, and durable knockdown of target genes. RNA interference, or RNAi, is a mechanism present in living cells that inhibits the expression of a specific gene, thereby affecting the production of a specific protein. Arrowhead's RNAi-based therapeutics leverage this natural pathway of gene silencing.
Arrowhead is focused on developing innovative drugs for diseases with a genetic basis, typically characterized by the overproduction of one or more proteins that are involved with disease. The depth and versatility of our RNAi technologies enables us to potentially address conditions in virtually any therapeutic area and pursue disease targets that are not otherwise addressable by small molecules and biologics. Arrowhead is leading the field in bringing the promise of RNAi to address diseases outside of the liver, and our clinical pipeline includes disease targets in the liver and lung with a promising pipeline of preclinical candidates.
Arrowhead's corporate headquarters is in Pasadena, CA with research and development teams in Madison, WI & San Diego, CA, and a state of the art manufacturing facility in Verona, WI. Our employees are nimble, science-driven innovators who are collaborating to bring new therapies to patients in need.
The Position
Arrowhead is seeking a Revenue Accounting Manager to join its Finance & Accounting team at its Pasadena, CA headquarters. Reporting to the Senior Accounting Manager, & working closely with the Controller, the Revenue Accounting Manager will manage all aspects of partnership/collaboration accounting and commercial revenue.
This is a newly created, highimpact role designed to build and scale bestinclass revenue recognition processes in the life sciences industry, where revenue models are complex and highly specialized. The role carries full ownership of the company's revenue framework and serves as the subjectmatter expert for ASC606 revenue accounting. Success in this position requires a strong mix of technical accounting expertise, leadership, and crossfunctional collaboration to ensure accurate financial reporting, operational efficiency, and SOX compliance. The ideal candidate is detaildriven, highly responsive, techsavvy, and adaptable in a fastmoving environment, with 5+ years of progressive experience in finance or accounting, with a significant focus on revenue recognition (ASC 606), preferably within biotech or pharmaceutical companies.
This role is based in Pasadena, California with an expectation to be in office 5 days a week.
Responsibilities
- Develop a deep understanding of partnership and customer contracts and serve as the subjectmatter expert on revenue accounting under ASC606 and U.S. GAAP. Review and assess complex contracts, including partnership arrangements, to determine appropriate revenue recognition treatment and disclosure requirements.
- Establish and maintain revenue accounting policies and procedures in accordance with regulatory standards and SOX control requirements.
- Partner with FP&A to lead crossfunctional efforts to ensure accurate tracking of actual labor hours, facilitate updates to budgeted resource assumptions. Ensure inputs to inputmethod revenue recognition are wellsupported, accurate, and auditready.
- Perform order-to-cash monthend and quarter-end close activities, including the preparation and posting of journal entries, completion of balance sheet reconciliations and flux analysis.
- Assist with gross-to-net revenue accounting, including reviewing support provided by the 3rd party and month-end close activities.
- Lead the preparation of revenuerelated disclosures for the Company's Forms 10Q and 10
- Prepare and maintain SOXcompliant controls for the revenue and accounts receivable cycles, ensuring proper execution and documentation.
Requirements
- Bachelor's degree in Accounting, Finance, or a related field.
- 5+ years of financial accounting experience, with a significant focus on revenue recognition (ASC 606).
- Indepth knowledge of U.S. GAAP and SOX compliance requirements as they apply to revenue recognition, receivables, contract assets and deferred revenue
- Demonstrated ability to manage and execute complex monthly and quarterly close processes.
- Demonstrated ability to communicate complex accounting guidance clearly and effectively to nonfinance and crossfunctional partners.
- Strong capability to lead change initiatives and successfully manage complex, multiphase projects.
- Strong organizational skills, with a focus on accuracy, detail orientation and the ability to produce in tight timelines
- Strong interpersonal, oral and written communication skills
- Possess the highest level of integrity
- Ability to adapt to a rapidly changing environment
- Excellent team player
- Self-motivated with an insatiable desire to learn & be challenged
- Ability for occasional travel between Arrowhead's locations
Preferred
- Demonstrated experience in a technical accounting role within the life sciences, biotech, or pharmaceutical industry
- Big 4 accounting firm experience
- Public company experience
California pay range
$120,000$145,000 USD
Arrowhead provides competitive salaries and an excellent benefit package.
Candidates must have current, valid authorization to work in the country where this role is located.
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