Assertio Therapeutics, Inc.

Manager, Accounting

Location
Lake Forest, IL, United States
Posted
Jul 25, 2018
Ref
1105XX
Hotbed
BioMidwest
Required Education
Bachelors Degree
Position Type
Full time
JOB SUMMARY Responsible for month-end and year-end close process, monthly GL reconciliations, support SEC disclosures, and quarterly invoicing. This individual works closely with other members of the Finance Team, operations and external auditors.

ESSENTIAL JOB FUNCTIONS
  • Prepare monthly journal entries by the 5th work day of the month. Account reconciliations for specific balance sheet, and income accounts are to be submitted by workday 10. Also maintains debt worksheets for issuance costs, discount amortization, and interest expense, and makes appropriate adjustments when principal payments are made. Prepare routine and complex accounting transactions in accordance with US GAAP and company guidelines.
  • Maintain closing checklist and ensure required documentation exists to support all journal entries, calculations and account reconciliations. This includes working closely with Finance management on quarterly Contingent Consideration analysis, and liability models including allocations for project codes and departmental expenses.
  • Ensure an accurate and timely monthly, quarterly, and year end close by completing the areas of her responsibility before due dates. Complete the accounting and complex calculations for stock compensation expense, and restricted stock units. Ability to gather information for expected term, volatility, and risk free rate to calculate the Black Scholes Valuation model. Prepare allocation of expense between COGS, R&D, and SG&A. Prepare BSV estimated valuations to support HR compensation models.
  • Calculate forfeiture rates for options, RSU, and ESPP for determining proper expense.
  • Assist in preparation and coordination of the audit process by providing key reports and reconciliations to the auditors.
  • Prepare and submit annual Board of Director grants for processing bases on the BSV method.
  • Prepare and send quarterly invoices for royalties, milestone awards, rebates, and other special expense reimbursements. Assist in facilitating communication with customer to resolve any issues and assure payment is received by Depomed.
  • Prepare monthly reconciliation of all investment and debt accounts, journal entries to record activity, and test the interest reasonableness schedule. Complete the investment compliance analysis to ensure compliance with company's investment policy, which includes the investment trend and investment valuation schedules utilizing online sources to verify individual investment instrument values are not impaired.
  • Support SOX compliance process, including auditor walk through.
  • Support special projects as needed and assist other team members as requested.


Requirements

ADDITIONAL RESPONSIBILITIES/DUTIES
  • 10Q and 10K Reporting: Ability to work closely with the Associate Director SEC and Controller to assist with the preparation of the 10Q and 10K reports. Duties include quality control and tie-out of the 10Q and 10K.
  • Ability to produce timely, high-quality, accurate, and organized workpapers to support the various tables and disclosures for: a.Contractual Obligations (Open PO, debt, car lease, bldg. lease) b.Commitments & Contingencies (leases - bldg., car, copier) c.Investments (footnote classification, cash flow impact) d.Debts e.Contingent Consideration f.Stock Based Compensation
  • Be proactive and request the necessary information from other teams (i.e. IT, Fleet, etc.)to ensure final deliverable is completed by deadlines and document data for required disclosures.


EDUCATION AND EXPERIENCE
  • Bachelor's degree in accounting, finance or related field
  • Minimum 5 years prior experience in the general ledger area
  • Audit experience with a big four accounting firm, a plus.
  • Prior experience in a Pharmaceutical/Biotech Company preferred, but not required.
  • Strong proficiency with MS Office.
  • Experience with Microsoft AX Dynamics 2012 ERP system is preferred.


SKILLS AND ABILITIES
  • Strong accounting experience with an ability to think through unfamiliar transactions and suggest appropriate solutions.
  • Must be highly motivated self-starter and problem solver that is both organized and detail oriented.
  • High reliability and dependability, must be counted on to complete assigned duties by due date.
  • Must be able to work independently, but also thrive in a work environment that fosters open communication, collaboration and team work.
  • Excellent written and verbal communication skills, ability to communicate with employees at all levels.
  • Ability to work in a fast paced and dynamic environment.
  • Able to adapt to changes in the work environment; manages competing demands; changes approach to best fit the situation.
  • Results Oriented - meets commitments on time with high quality results; drive to do whatever it takes to complete tasks and projects.
  • Professional demeanor - approaches others in tactful manner; reacts well under pressure; treats others with respect and consideration; follows through on commitments.
  • Ability to make decisions which have impact on the department's credibility, operations, and services.
  • Communication: Ability to formulate complex and comprehensive materials such as legal documents, authoritative reports, official publications of major scope and impact, etc. and to make formal presentations.
  • Ability to compute, analyze, and interpret numerical data for reporting purposes.


DEPOMED COMPETENCIES INCLUDE
  • Integrity
  • Decisions & Judgment
  • Ownership & Initiative • Adaptability & Change Readiness
  • Teamwork & Collaboration


PHYSICAL/MENTAL DEMANDS
  • Sitting - 80% • Standing/ walking - 20%
  • Repetitive motion: Substantial movements of the wrists, hands, and or fingers for sustained periods of time. Approximately 6-hours of keyboarding per day.
  • Visual Requirements: Able to see and read PC screens and read fine print.
  • Comprehension: Ability to understand opposing points of view on highly complex issues and to negotiate and integrate different viewpoints into the work product.


About Us

THE COMPANY

Depomed is a leading specialty pharmaceutical company committed to putting the Patient First in everything we do; with a focus on enhancing the lives of patients, families, physicians, providers and in payors through commercialization of products in the areas of pain and neurology, and developing drugs in areas of unmet medical needs.

Depomed currently markets three medicines focused on neuropathic pain and migraine through its Neurology and Pain Business and has an emerging Specialty Business focused on orphan drug indications and areas of unmet medical need.

Depomed has a clear THREE PILLAR strategy for growth:

MAINTAIN a strong/profitable NUCYNTA franchise through a commercialization agreement with Collegium, GROW the Neurology and Pain Business and BUILD a new Specialty Business through a recent Cosyntropin transaction. The company's strategy is to continue to identify, license and develop new products-that offer enhanced therapeutic options to patient populations that may be underserved by existing therapies.

As part of the transformation strategy, Depomed has relocated its headquarters to Lake Forest, Illinois.

Depomed is an AA/EEO/Veterans/Disabled employer.