Pacira BioSciences, Inc. is a leading provider of non-opioid pain management and regenerative health solutions dedicated to improving outcomes for health care practitioners and their patients. Our in-depth knowledge of non-opioid pain management, coupled with our passion for advancing patient care, drives our commitment to providing solutions that address unmet medical needs and improve clinical results.
Rarely do you have an opportunity to do work that really matters. What drives us is our mission. What makes us successful are our people. At Pacira, you are part of an inclusive culture that fosters collaboration, growth, and innovative thinking - a place where you can make an impact and help change the standard of care in non-opioid pain management. Be part of our movement, let’s pursue excellence together.
The Senior Accountant, Revenue Accounting and Operations will support Gross-to-Net (GTN) accounting, government pricing and reporting, and commercial contracts pricing and analysis. This position will be responsible for reviewing sales and chargeback data to ensure conformity to contracts, verify eligibility and focus on chargebacks issues resolution. The ideal candidate is detail-oriented, analytical, understands contracting and has demonstrated experience in revenue accounting, chargeback operations and contract pricing. It is a critical role managing the chargeback process, ensuring accuracy and compliance in financial and contractual transactions related to pharmaceutical sales and distribution. The ideal candidate will have a comprehensive understanding of chargeback operations management, excellent analytical skills, and the ability to work collaboratively with various internal and external stakeholders.
Essential Duties & Responsibilities:
The following statements are intended to describe the general nature and level of work being performed by an individual assigned to this job. Other duties may be assigned.
- Support the month-end accounting close and reporting process to ensure accuracy of internal and external financial reporting including the following items:
- Preparing month end entries and reconciliations for revenue, gross to net accruals and all other revenue related accounts
- Monitoring customer accounts receivable balances and working directly with our third-party logistics provider to address aging receivables deductions and chargebacks application issues
- Performing a detailed review of the Quarterly Non-FAMP, Medicare Average Selling Price (ASP) Annual Federal Ceiling Price (FCP) and various other government agency price-reporting requirements
- Supporting the Medicaid, Medicare and 340b monthly, quarterly, and annual submissions to the appropriate government agencies
- Lead the Finance chargeback management process to ensure proper revenue accounting and chargebacks issue resolution including the following:
- Having a comprehensive working knowledge of the contract pricing and chargeback processes to effectively manage the process and integrate with key internal stakeholders
- Reviewing and reconciling chargeback data against contract terms (e.g., GPO pricing, membership list coordination, etc.)
- Reviewing sales and chargeback transactions to ensure alignment to contract requirements, eligibility, and compliance with the company’s chargeback policy
- Proactively monitoring and timely identifying issues daily and providing expertise on reconciling variances
- Maintaining detailed, organized histories and analysis to document and track chargebacks, pricing, and other relevant customer related issues
- Lead resolution by working directly with internal and external business partners, including analyzing chargebacks trends to clear any identified issues
- Acting as a subject matter expert on transactional, chargeback, and supplementary data sources
- Collaborate and assist in forecasting chargeback accruals and identifying potential areas for improvement
- Support the Sub-pricing and Pricing Committee assessment, review and approval processes including:
- Analyzing and reporting on customer promotion proposals
- Supporting information requests from Trade Operations, Commercial Analytics, Customer Strategy and Operations and the Commercial organization
- Evaluating historical data and contract performance in support of pricing proposals
- Monitoring and modeling financial impact of contract/discount strategies on government pricing (i.e., ASP, Best Price, 340B Pricing, etc.)
- Other ad hoc analysis / projects as deemed appropriate.
- Identifying and implementing process improvements to enhance chargeback accounting accuracy and efficiency
- Participating in projects and initiatives to streamline chargeback operations and reduce processing time
- Assisting in preparing documentation and support for internal and external audits related to chargebacks.
The incumbent reports to the Associate Director, Corporate Accounting - Revenue and works closely with the Corporate Accounting/Finance team, Trade Operations, Customer and Contract Operations, National Accounts, Legal, vendors, and auditors.
Education and Experience:
- BS/BA degree from an accredited college/university required; Accounting, Finance, or Mathematics/Statistics concentration preferred
- CPA or MBA preferred
- Minimum 3+ years of chargebacks management, revenue accounting, and data analysis with prior experience in the Pharmaceutical Industry preferred
- Advanced Microsoft Excel experience required with Power Query and PowerBI preferred
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Knowledge, Skills, and Abilities:
- Deep knowledge of chargebacks, revenue analytics and revenue accounting requirements, preferably in the pharmaceutical industry
- Ability to develop, maintain and evaluate models for chargebacks, customer contact performance and pricing analysis
- Demonstrated excellent analytical abilities and effective oral and written communication skill
- Experience working in a fast-paced environment with multi-project and multi-product manufacturing organization
- Exceptional communication and stakeholder management skills with the ability to effectively collaborate with cross-functional teams to drive business process transformation
- High proficiency in using Microsoft Excel, Word, PowerPoint, Power Query and PowerBI
- Proven ability to manage multiple projects, set priorities and meet deadlines
- Experience with data assets used to support the pharmaceutical supply chain, including direct ship sales, EDI 867/850/844, as well as industry standard data sources like HIBBC, DEA, NPI, etc.
- Medical, Prescription, Dental, Vision Coverage
- Flexible Spending Account & Health Savings Account with Company match
- Employee Assistance Program
- Mental Health Resources
- Disability Coverage
- Life insurance
- Critical Illness and Accident Insurance
- Legal and Identity Theft Protection
- Pet Insurance
- Fertility and Maternity Assistance
- 401(k) with company match
- Flexible Time Off (FTO) and 11 paid holidays
- Paid Parental Leave
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