Current Openings

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Associate Director/Director, Revenue FP&A

WAYNE, PA

The Associate Director / Director of Revenue Financial Planning & Analysis (FP&A) will be responsible for managing the financial planning and actual vs. budget analysis of our Gross Sales, Gross to Net (GTN) sales deductions and overall operating expenses. This position will include creating and managing the forecast and accruals for GTNs as well as the financial analysis of Revenue Recognition.

Responsibilities:

Revenue Planning & Analysis Responsibilities (30%)

  • Partner with the Commercial Operations team to understand key drivers of the gross sales and patient demand forecast, actual variances to Budget, and long range financial assumptions
  • Partner with the Market Access and Contract Operations team to review and model financial terms of customer and pricing contracts. Analyze impact of agreements on Medicaid Best Price and Price Protection calculations.
  • Leads the financial planning process (budgeting, forecasting) by interacting with functional business managers to build budgets and analyze cash flow from Revenue.
  • Leads the development of GTN forecast inputs and creates GTN forecast models to determine discount calculations. This is a hands-on role that will be responsible for creating and maintaining the financial models for each sales discount type

Financial Planning & Analysis Responsibilities (30%)

  • Assists with the development of Synergy's operating budget, forecast, cash flow projections and long range financial projections
  • Develops management reporting packages, analyzes actual vs. budget results and communicates variances to department budget managers
  • Supports business cases and decision support analysis
  • Manages and Develops direct report

Revenue Accounting Responsibilities (40%)

  • Assist in the development of Synergy's Revenue Recognition policy. Analyze and reconcile Gross Sales transactions to ensure revenue recognition is in accordance with Generally Accepted Accounting Principles
  • Responsible for the development, and ongoing evaluation, of Synergy's internal controls around the Revenue cycle
  • Responsible for developing and maintaining gross to net forecast and accrual models including analysis of variances between actual payments and forecast assumptions. This includes analysis of Managed Care rebates, Medicaid and Medicare rebates, Chargebacks and Coupon programs.
  • Assist in the development of a Returns Reserve policy, tracking actuals and reconciling against the reserve assumptions
  • Review cash receipts and work with Accounts Receivable Lead to ensure cash collections are timely and discrepancies are resolved
  • Support Cash Reconciliations performed by Accounting team
  • Responsible for determining the reasonableness of any customer Allowance for Doubtful Accounts
  • Responsible for P&L and Balance Sheet analysis related to Revenue
  • Support the Accounting team during the close process including preparation of journal entries impacting Revenue
  • Assist with quarterly and year-end external audit preparations and requests
  • Ensure Sarbanes-Oxley compliance by managing processes and ensuring that all documented controls are observed.
  • Drive an agenda of continuous improvement through all areas of responsibility to ensure "best in class" performance

Competencies/Work Style:

  • Strong knowledge of GAAP and Sarbanes-Oxley compliance procedures and documentation.
  • Must have advance knowledge with Excel, PowerPoint, Business Objects and/or Interactive online reporting platforms and ERP systems. SAP experience is highly preferred
  • The successful candidate must be willing and able to assume direct responsibility for creating and maintaining detailed excel models.
  • The successful candidate needs to be able to handle ambiguity, work in a fast paced environment and be energetic and enthusiastic
  • Excellent communication and interpersonal skills are needed. Must have the ability to interact with peers as well as management throughout the Company.
  • The successful candidate needs to be able to work in a fast paced environment, be creative, be energetic and be enthusiastic.
  • Strong analytical skills with attention to detail and ability to follow through on assigned projects

Requirement/Qualifications:

  • Bachelor's Degree in Accounting or Finance required
  • CPA or MBA is highly preferred
  • Experience specific to Revenue and Gross to Net Accounting is required.
  • Minimum of at least 8 years of finance or accounting experience
  • Pharmaceutical or biotech experience is highly preferred
  • Excellent people management and interpersonal skills are essential in this role
  • Occasional domestic travel and / or travel to other Synergy offices maybe required

Significant Contacts/Relationships:

  • Interacts with all levels of finance and the organization.
  • Works directly with Commercial Operations functional managers
  • Works directly with external audit firms and 3rd party vendors.

NOTE: This description is not intended to be constructed as an exhaustive list of duties, responsibilities, or requirements for the position. This position may change or assume additional duties at any time.

NO PHONE CALLS PLEASE AND NO AGENCIES OR RECRUITERS.

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Procurement Manager / Senior Manager

WAYNE, PA

Position Summary:

The candidate will be responsible for partnering with Directors and Vice Presidents to drive strategic sourcing and supply management.

Experience with the various sourcing tools and analytical methods commonly practiced and used within a world-class Procurement organization.

Demonstrated / proven typical skills and knowledge required to contribute to a Procurement organization.

The candidate will be expected to manage a total expenditure of $40M. The individual must understand the importance of gathering and interpreting the business needs as part of facilitating a sourcing process.                 

The candidate will need to work closely with the functional business units to create collaborate sourcing strategies. The candidate will need to have interpersonal, communications and problem solving skills.   They should display a passion for strategic sourcing, supply management and operational procurement.

The Candidate will closely collaborate with the business areas by providing category expertise, sourcing services, negotiation, contracting / scope of work development, and deliver value for money from the supplier base. The preferred candidate will have significant experience working in a non-mandated procurement environment and the ability to clearly articulate to the business functions why and how Procurement adds value.

 Your category responsibilities will include the following; creative agency, public relations, media buying, market research, printing, medical education, fleet, and licenses. A preferred candidate will have experience in these categories.

Responsibilities:

  • In collaboration with a legal representative, draft various types of contracts and confidentiality agreements with minimal supervision.
  • Engage business partners to collaboratively structure supplier relationships enabling their budgets go further.
  • Deliver excellence in front-end procurement activities, including market research, RFPs, demand management, drafting scopes of work, expenditure analytics, category strategy development, negotiation, and E-auctions.
  • Assist with building and maintaining the contract management database.
  • Map out the current supplier landscape, engage the business to understand their requirements, and facilitate strategic conversations to implement a sourcing a strategy.
  • Primary point-of-contact between vendors and business units.
  • Contribute to the development of robust procurement metrics, methods and systems.
  • Use market research to ensure that Synergy stays abreast of latest market cost/value/innovation developments per category.
  • Ensure compliance to policies and audit remediation.
  • Help the functional business units to conduct post contract management (PCM) and facilitate supplier relationship management (SRM) with key (top 20%) suppliers. 
  • Although the below will not be included in your main duties, it is expected that you become proficient in the below activities:
    • Understand how to work in SAP including; creation of purchase orders, create and maintain supplier profiles, run both standard and customized reports
    • Work closely with stakeholders, accounts payable and suppliers to resolve invoicing issues quickly

Competencies/Values:

  • Emotional Intelligence
  • Leverage interpersonal skills to establish rapport and develop relationships with all key stakeholders & suppliers
  • Highly organized, process oriented and ability to time manage oneself
  • Strong verbal/written communication skills & good telephone etiquette
  • Proven conflict resolution
  • Appropriate Decision Making
  • Visualize, articulate, and solve mid-level complex problems and concepts

Requirement/Qualifications:

  • BA or BS, required. Advanced degree such as an MBA preferred.
  • Demonstrated diplomacy and ability of working with cross functional teams in a fast pace changing environment to deliver value-added results to the organization.
  • 5 to 10 years of procurement industry experience.
  • Demonstrated ability in category management.
  • In collaboration with Finance, demonstrated ability to quantify and assess the potential financial risk of strategic suppliers.
  • Ability to learn and understand the company's requirements for acceptable contract terms.
  • Demonstrated ability to effectively communicate ideas.
  • Can quickly find common ground and solve problems for the good of all; can solve problems with peers; is a team player and cooperative; easily gains trust and support of peers; encourages collaboration.
  • Travel Up to 10%.
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Accounts Payable Senior Specialist
Wayne, PA

About Us:

At Synergy Pharmaceuticals we’re challenging the status quo in gastrointestinal (GI) medicine to develop new treatments that offer the potential to change people’s lives. We are committed to scientifically driven innovation, providing novel treatment options for patients and healthcare providers, rewarding opportunities for our employees, and creating exceptional value for our customers. We have received FDA approval for our drug Trulance™ for the indication of Chronic Idiopathic Constipation “CIC” with another submission right behind it for Irritable Bowl Syndrome – “IBS-C”.

We have pioneered discovery, research, and development efforts around uroguanylin analogs for the treatment of functional GI disorders and inflammatory bowel disease.

We are based in New York City, with research and commercial office in suburban Philadelphia.

Position Summary:

The Accounts Payable lead will be a key contributor to the Accounts Payable function for Synergy. He/she will be the main point of contact for Accounts Payable and will be responsible for the overall processing and payment of vendor invoices in addition to assisting with internal and external audit needs.

Responsibilities:

  • Responsible for performing weekly SAP payment runs which includes:
    • Verifying invoices are properly approved and provided to check signers in a timely manner
    • Obtaining check signatures in accordance with approval thresholds
  • Vouch invoices to PO in SAP; where PO information is not available, reconcile and vouch invoice with correct GL coding; reconcile discrepancies where needed
  • Maintain vendor invoice files for audit
  • Review AP Aging to identify aged payables that require further investigation
  • Assist vendors and employees with inquiries about account status
  • Manually track clinical invoices and clinical study billing tracking reports
  • Communicate with business when PO limits have been reached or other issues preventing payments of invoices
  • Preparation and issuance of 1099 vendor forms
  • Assist as needed with month-end / quarter-end close responsibilities such as Search for Unrecorded Liabilities and other ad hoc requests
  • Work with Director, Accounting on process improvements

Competencies/Values:

  • Strong working knowledge and experience with SAP
  • Strong knowledge of MS Excel.
  • Strong knowledge of AP processes including monthly accruals and month-end cut off procedures
  • Ability to prioritize work and complete tasks in an efficient manner
  • The ability to handle ambiguity and work effectively in a constantly changing environment is critical.
  • Excellent communication and interpersonal skills are needed. Must have the ability to interact with peers, management and external partners and vendors.
  • The successful candidate needs to be able to work in a fast paced environment, be creative, be energetic and be enthusiastic.

Requirement/Qualifications:

  • Bachelor’s Degree in Accounting or equivalent experience is preferred
  • Minimum 5 years’ experience in Accounts Payable function is required
  • Prior experience as part of an accounting team within a pharmaceutical company is desirable but not required

Significant Contacts/Relationships:

The successful candidate will be able to demonstrate the ability to communicate effectively will all levels of the organization

NOTE: This description is not intended to be constructed as an exhaustive list of duties, responsibilities, or requirements for the position.  This position may change or assume additional duties at any time.  

NO PHONE CALLS PLEASE AND NO AGENCIES OR RECRUITERS.

Read More and Apply