Director, Revenue Accounting

Xenon Pharmaceuticals•Needham, MA

4d•Hybrid

About The Position

We are seeking a Director, Revenue Accounting to join our team. This role will be a key member of the Finance department and will play a crucial role for revenue recognition and Gross‑to‑Net (GTN) accounting under ASC 606, while collaborating with key stakeholders in the Commercial organization. The Director will establish scalable commercial accounting infrastructure, oversee pricing and top‑line analytics, support revenue guidance, and ensure SOX‑compliant controls as Xenon transitions from an R&D‑centric to a commercial‑centric company. This role partners cross‑functionally to deliver accurate revenue reporting, robust forecasting, and clear executive‑level insights into business performance and value drivers. This role reports to the VP, Finance and is based out of Boston, MA, USA, in our Needham office. The level of the position will be commensurate with the candidate’s education and industry experience. Hybrid positions require a minimum of two onsite days per week.

Requirements

Professional designation (CPA or equivalent) is required, technical training with Big Four CPA firm or large regional CPA firm preferred
10+ years of progressive finance and/or accounting experience with significant biotech or pharmaceutical commercial exposure
Demonstrated experience supporting at least one successful first commercial product launch and experience with designing commercial accounting processes under US GAAP and SOX environment
Strong expertise in Gross-to-Net accounting, revenue recognition, and government pricing
Strong knowledge of U.S. pharmaceutical distribution models, including specialty pharmacy, specialty distributor, 3PL, PBMs, GPOs, patient support programs, and 340B
Experience in ERP implementations or financial systems transformation initiatives; experience with Oracle Fusion and Adaptive Planning is a bonus
Proven experience building strong relationships with internal stakeholders and external service providers
Excellent organizational skills and the ability to manage concurrent deliverables and work effectively in a challenging, high performance, team environment
Exceptional interpersonal and communication skills (written and oral); communicates in a clear, concise and organized manner; listens and works collaboratively with others outside of Finance to obtain information
Able to think and act strategically, anticipate road-blocks and map out next steps in support of a fast-growing company
Self-motivated, with initiative and the ability to take ownership of, and drive projects from start to finish
Demonstrated high level of integrity and ethics

Responsibilities

Design, implement, and maintain GTN reserve methodologies, including documentation of reasonable assumptions: commercial and government rebates, chargebacks, copay and patient assistance programs, distribution service fees, returns and other variable considerations
Responsible for monthly close processes for revenue and GTN, including journal entries, account reconciliations, true‑ups, and variance analysis
Manage the quarterly GTN forecasting process by ensuring alignment between Commercial revenue forecast and guidance and report against such guidance, including analysis of pricing actions, margin dynamics, and market trends
Manage government pricing reporting and state price transparency reporting with internal stakeholders and outsourced vendor(s), and ensure appropriate compliance with regulatory requirements
Work within finance systems to implement or enhance systems to address planning and reporting needs of commercial accounting and GTN processes
Establish and maintain scalable data flows with 3PLs and other parties; review data provided by external parties for completeness, accuracy, and reasonable
Build SOX‑compliant internal controls, policies, and SOPs in preparation for commercial launch and first audit cycles.
Serve as the primary commercial accounting contact for external auditors
Prepare analysis, commentary, and presentation materials for monthly and quarterly financial reviews, including executive leadership and Board of Directors meetings
Partner with Commercial team on pricing strategy and other strategic analysis as required
Develop and propose short- and long-term objectives for the function in accordance with overall Company strategies and plans
Act in accordance with Company policies, including, for example, the Code of Business Conduct and Ethics and ensure policies are understood and followed by direct reports
Other duties as assigned