What are the responsibilities and job description for the Financial Analyst position at Natco Pharmaceuticals USA?
About Natco Pharma USA
Natco Pharma USA is a specialty pharmaceutical company located in Northern New Jersey. The company markets, sells, and distributes generic pharmaceutical products to the US marketplace. The company has a pipeline of Rx pharmaceutical products, across multiple dosage forms and therapeutic categories. Through partnerships with quality pharmaceutical manufacturers around the world, including from our parent company, Natco Pharma Ltd., we license products for distribution to the retail and institutional pharmaceutical market in the US.
About Natco
Natco Pharma Limited is a multinational, public company headquartered in Hyderabad, India. The company is vertically integrated and R&D focused, engaged in the developing, manufacturing and marketing of finished dosage formulations (“FDF”) and active pharmaceutical ingredients (“APIs”). Focusing primarily on niche therapeutic areas and complex products, we market and distribute our products in over 40 countries. Our FDF products are sold in the United States, India, Europe and the rest of the world (“RoW”). We also operate in certain key geographies through our subsidiaries.
Job Overview:
This position is based in Parsippany, conveniently located in Northern New Jersey and near major highways. This position is expected to work in the office. Candidate will ensure the integrity of financial information by analyzing, validating and reconciling accounting and financial data. Must have experience in the pharmaceuticals industry, particularly in the areas of gross to net sales accounting and customer
chargebacks, discounts, rebates and deductions. Must be a team player, require a keen attention to detail, and the ability to effectively function in a fast-paced business environment.
Responsibilities and Duties:
• Act as a customer liaison by reconciling and resolving customer concerns, disputes on pricing and/or deductions. Validate and prepare monthly and quarterly rebate and administrative fee summaries for payment to customers in a timely manner.
• Lead deduction management process by providing guidance to the third-party logistics and consultants to ensure accurate processing of transactional level detail. Manage daily and monthly transactions (eg. cash applications, customer remittances, etc) with third party logistics provider. Reconcile data from third party logistics and post journal entries as needed.
• Analyze and prepare reconciliations of the accounts receivable portfolio, including quarterly true-ups. Develop procedures to improve the efficiency of these reconciliations as data volumes increase. Interface with Sales & Marketing management to gain an understanding of the underlying agreements and pricing.
• Prepare and distribute monthly summary reports to management (ie. returns) to provide better visibility into the business, customers and industry. Communicate customer related financial issues/transactions that arise as well as ongoing business at weekly meetings.
• Provide general accounting (including ERP transition) and audit support.
Qualifications
• Experience in pharmaceutical finance/accounting required (minimum of 5 years).
• Familiarity with wholesaler chargeback & rebate experience is required.
• Experience working with wholesalers (e.g. Cardinal, McKesson, ABC) and customer portals is preferred.
• High level of proficiency with Excel required (e.g., VLookups, Pivot Tables, etc.). Experience with QuickBooks and SAP a plus.
• Bachelor’s degree in finance, accounting, business or related field.
• Familiarity with Generally Accepted Accounting Principles (US GAAP) and financial statements is a plus.
Natco Pharma USA is a specialty pharmaceutical company located in Northern New Jersey. The company markets, sells, and distributes generic pharmaceutical products to the US marketplace. The company has a pipeline of Rx pharmaceutical products, across multiple dosage forms and therapeutic categories. Through partnerships with quality pharmaceutical manufacturers around the world, including from our parent company, Natco Pharma Ltd., we license products for distribution to the retail and institutional pharmaceutical market in the US.
About Natco
Natco Pharma Limited is a multinational, public company headquartered in Hyderabad, India. The company is vertically integrated and R&D focused, engaged in the developing, manufacturing and marketing of finished dosage formulations (“FDF”) and active pharmaceutical ingredients (“APIs”). Focusing primarily on niche therapeutic areas and complex products, we market and distribute our products in over 40 countries. Our FDF products are sold in the United States, India, Europe and the rest of the world (“RoW”). We also operate in certain key geographies through our subsidiaries.
Job Overview:
This position is based in Parsippany, conveniently located in Northern New Jersey and near major highways. This position is expected to work in the office. Candidate will ensure the integrity of financial information by analyzing, validating and reconciling accounting and financial data. Must have experience in the pharmaceuticals industry, particularly in the areas of gross to net sales accounting and customer
chargebacks, discounts, rebates and deductions. Must be a team player, require a keen attention to detail, and the ability to effectively function in a fast-paced business environment.
Responsibilities and Duties:
• Act as a customer liaison by reconciling and resolving customer concerns, disputes on pricing and/or deductions. Validate and prepare monthly and quarterly rebate and administrative fee summaries for payment to customers in a timely manner.
• Lead deduction management process by providing guidance to the third-party logistics and consultants to ensure accurate processing of transactional level detail. Manage daily and monthly transactions (eg. cash applications, customer remittances, etc) with third party logistics provider. Reconcile data from third party logistics and post journal entries as needed.
• Analyze and prepare reconciliations of the accounts receivable portfolio, including quarterly true-ups. Develop procedures to improve the efficiency of these reconciliations as data volumes increase. Interface with Sales & Marketing management to gain an understanding of the underlying agreements and pricing.
• Prepare and distribute monthly summary reports to management (ie. returns) to provide better visibility into the business, customers and industry. Communicate customer related financial issues/transactions that arise as well as ongoing business at weekly meetings.
• Provide general accounting (including ERP transition) and audit support.
Qualifications
• Experience in pharmaceutical finance/accounting required (minimum of 5 years).
• Familiarity with wholesaler chargeback & rebate experience is required.
• Experience working with wholesalers (e.g. Cardinal, McKesson, ABC) and customer portals is preferred.
• High level of proficiency with Excel required (e.g., VLookups, Pivot Tables, etc.). Experience with QuickBooks and SAP a plus.
• Bachelor’s degree in finance, accounting, business or related field.
• Familiarity with Generally Accepted Accounting Principles (US GAAP) and financial statements is a plus.
