Associate Director, Business Finance
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AI Summary
Syneos Health® is a leading fully-integrated life sciences services organization built to accelerate customer success. We partner with innovators at every point across the drug development and commercialization continuum, helping them navigate complexity, anticipate change and accelerate progress.
Our Clinical Solutions team members act with a drug development mindset, applying their years of experience and deep expertise to truly understand customer needs and represent those in the solutions we shape.
Whether you join us in a Functional Service Provider partnership or a Full-Service environment, you’ll collaborate with passionate problem solvers, innovating as a team to help our customers achieve their goals. We are agile and driven to deliver – for one another, our customers, and, most importantly, for those in need.
Discover what your 25,000 future colleagues already know:
Why Syneos Health
• We are passionate about developing our people, through career development and progression; supportive and engaged line management; technical and therapeutic area training; peer recognition and total rewards program.
• We are committed to building an inclusive culture – where you can authentically be yourself. Central to this is our purpose – Driven to Deliver – which captures the passion of our colleagues to show up each day and shape solutions that have the ability to dramatically impact someone’s life.
• We are continuously building the company we all want to work for and our customers want to work with. Why? Because we know that when we bring together smart colleagues from across the world, we can shape the future of healthcare, driving impact for customers and defining the pace of patient progress.
Job Responsibilities
Job Summary
Ensures the integrity of the revenue recognition policies. Sets standards of reporting on actuals, forecasts and backlog that meet and exceed the financial reporting requirements and business needs of the therapeutic area globally. Functionally or directly supervises a team of finance professionals who partner and support the therapeutic areas to achieve and exceed their financial targets.
Core Responsibilities
If assigned, oversees management and direction of assigned accounting personnel. Approves course of action on all management/human resources’ matters, including employment hires, transfers, terminations, promotions, performance appraisals and professional development, job descriptions and employee evaluation, training, counseling and discipline of direct staff members.
Recommends, develops, and maintains INCR revenue recognition principals, policy, processes, systems, practices, controls and procedures that are compliant with generally accepted accounting principles (GAAP) associated with gross, net and deferred revenue activities. Recommends proper GAAP accounting on new contracts as needed.
Records and reports project revenues for each contract type in accordance and compliant with GAAP and the Revenue recognition policy. Ensures full compliance with monthly accounting close schedule. Develops and improves unbilled and deferred revenue accounting and reporting.
Works closely with and takes global ownership for therapeutic areas to ensure revenue recognition policies are being followed consistently. Globally, communicates new control processes and provides recommendations on implementation. Works closely with and takes global ownership for therapeutic areas around project close-out and project tracker balances to ensure the latest project financial profile properly reflects the financial position of the project at month end.
Performs quarterly review of the company’s financial applications and documents processes and procedures to ensure compliance with GAAP, and corporate policy.
Develops reviews and approves proposals, change orders and contract payment milestone terms that support corporate profit and liquidity targets.
Reviews, reports and summarizes project results and metrics at the project and executive level on a monthly basis. Recommends actions to executive management and relevant project management whose business and/or individual project risk under perform budgeted goals.
Ensures backlog reporting is current, to reflect consistent, accurate and timely data with any significant variances explained. Reports results in an executive summary to include changes from prior reports, and highlight significant changes.
Ensures reporting activities not only meet but exceed the companies requirement to expedite critical decisions for the business
Additional Qualifications
Requires a bachelor’s degree in Business, Accounting, Finance or related field or equivalent education and experience plus extensive, progressive financial experience.
Demonstrated leadership skills essential with one (1) year direct management experience preferred.
Strong computer skills utilizing Word; Excel, Lotus Notes, MAS90 or related accounting packages required, with Oracle experience preferred.
Ability to organize and prioritize work to meet deadlines in a fast paced environment is essential.
Requires effective presentation, documentation, leadership and interpersonal skills with a team-oriented approach. CPA / CMA preferred.
At Syneos Health, we believe in providing an environment and culture in which Our People can thrive, develop and advance. We reward and recognize our people by providing valuable benefits and a quality-of-life balance. The benefits for this position may include a company car or car allowance, Health benefits to include Medical, Dental and Vision, Company match 401k, eligibility to participate in Employee Stock Purchase Plan, Eligibility to earn commissions/bonus based on company and individual performance, and flexible paid time off (PTO) and sick time. Because certain states and municipalities have regulated paid sick time requirements, eligibility for paid sick time may vary depending on where you work. Syneos complies with all applicable federal, state, and municipal paid sick time requirements.
Salary Range:
$97,300.00 - $170,300.00The base salary range represents the anticipated low and high of the Syneos Health range for this position. Actual salary will vary based on various factors such as the candidate’s qualifications, skills, competencies, and proficiency for the role.
Get to know Syneos Health
Over the past 5 years, we have worked with 94% of all Novel FDA Approved Drugs, 95% of EMA Authorized Products and over 200 Studies across 73,000 Sites and 675,000+ Trial patients.
No matter what your role is, you’ll take the initiative and challenge the status quo with us in a highly competitive and ever-changing environment. Learn more about Syneos Health.
Additional Information
Tasks, duties, and responsibilities as listed in this job description are not exhaustive. The Company, at its sole discretion and with no prior notice, may assign other tasks, duties, and job responsibilities. Equivalent experience, skills, and/or education will also be considered so qualifications of incumbents may differ from those listed in the Job Description. The Company, at its sole discretion, will determine what constitutes as equivalent to the qualifications described above. Further, nothing contained herein should be construed to create an employment contract. Occasionally, required skills/experiences for jobs are expressed in brief terms. Any language contained herein is intended to fully comply with all obligations imposed by the legislation of each country in which it operates, including the implementation of the EU Equality Directive, in relation to the recruitment and employment of its employees. The Company is committed to compliance with the Americans with Disabilities Act, including the provision of reasonable accommodations, when appropriate, to assist employees or applicants to perform the essential functions of the job.
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