Accounting Intern
- Employer
- Pharmacyclics, LLC
- Location
- Sunnyvale, CA, United States
- Start date
- Feb 18, 2019
View more
- Discipline
- Administration, Accounting
- Required Education
- Bachelors Degree
- Position Type
- Full time
- Hotbed
- Biotech Bay
Job Details
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
Company
Pharmacyclics LLC, a wholly-owned subsidiary of AbbVie (NYSE: ABBV), is focused on developing and commercializing innovative small-molecule drugs for the treatment of cancer and immunemediated diseases. Pharmacyclics’ mission is to develop and commercialize novel therapies intended to improve quality of life, increase duration of life and resolve serious unmet medical needs. Pharmacyclics markets IMBRUVICA and has two product candidates in clinical development and several preclinical molecules in lead optimization. Pharmacyclics is committed to high standards of ethics, scientific rigor and operational efficiency as it moves each of these programs toward commercialization. To learn more, please visit www.pharmacyclics.com.
- Website
- http://www.pharmacyclics.com/
- Mini-site
- Pharmacyclics, LLC
- Phone
- 408-774-0330
- Location
-
995 East Arques Avenue
Sunnyvale
California
94086
US
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