Director, Assistant Controller - Pacira BioSciences, Inc.
Parsippany, NJ
About the Job
About Pacira
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.
Why work with us?
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.
Summary:
This position leads monthly consolidation, reporting and other general accounts, e.g., cash, investments, prepaid assets, debt, leases, and other general accounting areas. This position oversees the monthly close process and ensures timely and accurate issuance of monthly financial statements and reporting on variances. This position is responsible for establishing and maintain controls to prevent errors in the financial statements.
Essential Duties & Responsibilities:
- Manages and coordinates domestic and international accounting functions and ensures timely completion of financial close process and timely production of accurate financial statements each month
- Monitors the completeness of journal entries/inputs for consolidation and the related reconciliations and analytics that support the ledger on a monthly and quarterly basis to ensure appropriate controls
- Manages a team responsible for:
- Cash, accounts receivable, investments, prepaid expenses, debt, leases, accruals, fixed assets, payroll accounting, intercompany and other general accounting areas
- Monthly financial close of the general ledger and consolidation system including translation of foreign entities
- Prepares and/or review journal entries, and balance sheet and income statement variance analyses
- Reviews accounts payable reconciliations and approves large payments to ensure accuracy of coding and appropriate approval
- Oversee the financial general ledger applications, consolidations, and planning systems for global legal entities and ensure timely close of subledgers and ledgers, data validation and documentation
- Assists with the monthly revenue and related gross to net adjustments including rebates, chargebacks, returns reserve, admin fees, etc. for EXPAREL, ZILRETTA and iovera◦
- Timely completes all monthly close activities, including posting of journal entries with related documentation, and strives to create efficiencies
- Supports quarterly and annual SEC financial reporting requirements including financial statements, notes and Management’s Discussion and Analysis
- Reviews customer contracts for EXPAREL, ZILRETTA and iovera°, including commercial discount, tier pricing and GPO agreements. Managing the sales contract review process for Finance to help structure contract terms that adhere to revenue recognition policies
- Participates in the annual audit and ensure that all finance and accounting policies, practices and procedures are consistent with GAAP and SEC requirement
- Support the internal SOX and external audit requirements, coordinating where possible to maximize efficiency and effectiveness.
- Responsible for issuing the monthly Profit Review reporting process
- Responds to various ad hoc data and research requests as needed
- Serves as backup to the Controller on other accounting and financial functions as needed
Supervisory Responsibilities:
This position oversees a team of four: one system administrator and three in corporate accounting
Interaction:
The incumbent reports to the Corporate Controller and works closely with Finance, Commercial organization, Trade Operations, Compliance, Legal, customers, internal and external auditors, and vendors.
Education and Experience:
- BS/BA degree in Accounting required from an accredited college/university and advanced business or accounting degree preferred
- CPA required
- 10+ years of relevant accounting experience
- 5+ years of direct management experience
Qualifications:
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:
- Current knowledge of GAAP, general accounting, and a deep understanding of revenue accounting requirements, preferably in the pharmaceutical industry
- Knowledge of and experience in managing systems
- OneStream Software experience a plus
- Knowledge of and experience in internal accounting controls, audit risk assessment, control documentation, and audit testing
- Demonstrated excellent analytical abilities and effective oral and written communication skills
- Ability to prioritize multiple tasks/requirements
- Demonstrated ability to work in a supportive team environment
- Advanced Microsoft Excel skills
Benefits:
- 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
Source : Pacira BioSciences, Inc.