Senior Financial Analyst, Revenue Recognition Accounting

Senior Financial Analyst, Revenue Recognition Accounting Req ID #:  184958 Location: 

Wilmington, MA, US, 01887 For 75 years, Charles River employees have worked together to assist in the discovery, development and safe manufacture of new drug therapies. When you join our family, you will have a significant impact on the health and well-being of people across the globe. Whether your background is in life sciences, finance, IT, sales or another area, your skills will play an important role in the work we perform. In return, we’ll help you build a career that you can feel passionate about.

IMPORTANT:   In order to be considered for this position, a resume/CV must be uploaded and submitted during the application process.  Please make sure work history and education are added correctly.    Job Summary  

We are seeking a Senior Financial Analyst, Revenue Recognition Accounting for our Corporate Revenue Accounting team to be located remotely or at our location in Wilmington MA. The Senior Financial Analyst will be responsible for supporting revenue operations through executing accounting close and process improvement activities, including compiling, analyzing and review of data to drive journal entries, account reconciliations, and fluctuation analysis.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

•    Review project planned cost templates to ensure alignment with estimates

•    Investigate systemic cost and revenue variances at the site level

•    Lead process improvement of percentage of completion revenue controls

•    Support site conversion from local accounting systems to SAP Project Systems

•    Facilitate new reporting for percentage of completion revenue

•    Perform in-depth revenue fluctuation analyses

•    Collaborate with global Time Keeping and Project Coordination teams to monitor harmonization across sites 

•    Coordinate control requirements and review control results with sites

•    Approve evidence of percentage of completion controls

•    Analyze and record lose contract accrual

•    Run and analyze Project System reports

•    Work with sites to resolve  percentage of completion related issues

•    Perform monthly and quarterly close process for certain business units and revenue cycles (for example: revenue, cost of sales, deferred revenue, unbilled A/R, allowances for returns, rebates, royalties, and discounts).

•    Gather, consolidate, and analyze monthly and quarterly data to prepare or review required adjusting journal entries and account reconciliations

•    Perform critical review of P&L and balance sheet account fluctuations and understand the underlying business explanations

•    Drive improvement and simplification activities through critical review of processes, stakeholders, systems, and data

•    Assist in the preparation of reporting for revenue accounting and business needs

•    Perform SOX revenue control activities and certifications, as applicable 

•    Assist in the preparation of ASC 606 related disclosures for CRL's SEC filings, including MD&A flux discussions by reportable and/or operating segment

•    Support year end external audits and quarterly reviews

•    Ensure compliance with FASB revenue recognition standards

•    Perform all other related duties as assigned Job Qualifications

•    Education: Bachelor's degree (B.A./B.S.) in Finance/Accounting.

•    Experience: Five to seven years' experience working in revenue accounting positions. Public Accounting experience a plus. Knowledge of U.S. GAAP, especially in the areas of revenue recognition. Knowledge of ASC 606 is a plus.

•    An equivalent combination of education and experience may be accepted as a satisfactory substitute for the specific education and experience listed above.

•    Certification/Licensure: None

•    Other: Knowledge of U.S. GAAP, especially in the areas of revenue recognition. Experience with multinational operations preferred. Excellent communication (written and oral) and collaboration skills required. Hands on experience with enterprise level financial software system, ideally SAP. Strong computer skills, including advanced working knowledge of Microsoft Office. Ability to manage multiple priorities and work effectively and independently.

IMPORTANT: A resume is required to be considered for this position. If you have not uploaded your resume in your candidate profile, please return to upload field and attach your resume/CV. 

Vaccine Mandate

Charles River is a U.S. Federal Contractor.  As a result, we must follow the Presidential Executive Order to mandate vaccinations, and ensure our employees are fully vaccinated against COVID-19.  Our main priority is the wellbeing, health, and safety of our people. We require proof of vaccination from all employees. 

Anyone with requests for disability-related and/or religious exemptions should contact Talent Acquisition (crrecruitment_US@crl.com) so that information can be provided about the accommodation process at Charles River.

About Corporate Functions

The Corporate Functions provide operational support across Charles River in areas such as Human Resources, Finance, IT, Legal, Sales, Quality Assurance, Marketing, and Corporate Development. They partner with their colleagues across the company to develop and drive strategies and to set global standards. The functions are essential to providing a bridge between strategic vision and operational readiness, to ensure ongoing functional innovation and capability improvement.  

About Charles River

Charles River is an early-stage contract research organization (CRO). We have built upon our foundation of laboratory animal medicine and science to develop a diverse portfolio of discovery and safety assessment services, both Good Laboratory Practice (GLP) and non-GLP, to support clients from target identification through preclinical development. Charles River also provides a suite of products and services to support our clients’ clinical laboratory testing needs and manufacturing activities. Utilizing this broad portfolio of products and services enables our clients to create a more flexible drug development model, which reduces their costs, enhances their productivity and effectiveness to increase speed to market.

With over 20,000 employees within 110 facilities in over 20 countries around the globe, we are strategically positioned to coordinate worldwide resources and apply multidisciplinary perspectives in resolving our client’s unique challenges. Our client base includes global pharmaceutical companies, biotechnology companies, government agencies and hospitals and academic institutions around the world. 

At Charles River, we are passionate about our role in improving the quality of people’s lives. Our mission, our excellent science and our strong sense of purpose guide us in all that we do, and we approach each day with the knowledge that our work helps to improve the health and well-being of many across the globe. We have proudly supported the development of 86% of the drugs approved by the FDA in 2021.

Equal Employment Opportunity

Charles River Laboratories is an Equal Opportunity Employer - all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.

If you are interested in applying to Charles River Laboratories and need special assistance or an accommodation due to a disability to complete any forms or to otherwise participate in the resume submission process, please contact a member of our Human Resources team by sending an e-mail message to crrecruitment_US@crl.com. This contact is for accommodation requests for individuals with disabilities only and cannot be used to inquire about the status of applications.

For more information, please visit www.criver.com.

Nearest Major Market: Boston

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