Pharmacyclics, LLC

Accounting Intern

Location
Sunnyvale, CA, United States
Posted
Feb 18, 2019
Ref
2652
Hotbed
Biotech Bay
Required Education
Bachelors Degree
Position Type
Full time
Pharmacyclics is committed to the development and commercialization of novel therapies intended to improve the quality and duration of life and to resolve serious unmet medical needs for cancer patients. Pharmacyclics is a wholly-owned subsidiary of AbbVie (NYSE:ABBV), a global, research-based biopharmaceutical company. Oncology is a key therapeutic area for AbbVie, with a portfolio consisting of three marketed products and a pipeline containing multiple promising new molecules that are being studied in more than 200 clinical trials for over 20 different types of cancer.

More than 1,200 Pharmacyclics and AbbVie research scientists, clinicians, marketing, operations and corporate professionals work in the San Francisco Bay Area. They combine their expertise in immuno-oncology, stem cells, and cell-signaling with their knowledge of bispecific antibodies, antibody-drug conjugates (ADCs), and covalent-inhibitor technologies to discover and develop novel cancer treatments. Together, we are striving to outsmart cancer.

Value to the Intern

As a member of the Revenue Accounting team, PCYC's Accounting Intern will develop an understanding of the company's revenue recognition process, including gross-to-net reserves. The individual will learn how to analyze and validate information received from customers which is used to develop assumptions used in the gross-to-net model. The Intern will learn about the various discount programs offered by the Company, assist with validating discount claims received, and perform various projects related to the discount programs.

The Intern will develop an understanding of the monthly financial close process by assisting with various close activities, including the preparation of journal entries. The Intern will also assist with the recording for clinical studies.

The Intern's experience at PCYC will help to prepare them for a career in Finance and Accounting by providing the opportunity learn about a pharmaceutical company's revenue recognition process. In addition, the individual will gain experience through direct participation in the Company's monthly financial statement close process.

Expectations:

  • Analyze information received from the Company's customers to determine channel and demand sales by period used in determining gross-to-net assumptions
  • Perform validation checks over inventory reports received from the Company's customers (specialty pharmacy and specialty distributors)
  • Validate claims for discounts received (chargebacks) from the Company's Specialty Distributor customers
  • Perform analyses related to the Company's discount programs to explain recent trends in actual discount claims and payments
  • Assist the Accounting team in the monthly close process by preparing journal entries and internal reports needed
  • Prepare accruals for clinical studies based on information provided by the clinical team
  • Other projects and duties as assigned.

Education Requirements:

  • Complete at least one year of university studies prior to internship start date
  • Be an active student in good standing at an accredited university
  • Maintain a minimum cumulative GPA of 3.0/4.0 or equivalent

Final Presentation

Each Intern is expected to prepare a short presentation to their team to share what they have learned through their internship and how they hope their new knowledge will help them secure their future career. Presentations should be 10 - 15 minutes long and should include visual aid (posters or PowerPoint).

Equal Opportunity Employer Minorities/Women/Veterans/Disabled