Director, Revenue Recognition

Lantheus is headquartered in Bedford, Massachusetts with offices in Canada, and Sweden. For more than 60 years, Lantheus has been instrumental in pioneering the field of medical imaging and has helped physicians enhance patient care with its broad product portfolio.

Lantheus is an entrepreneurial, agile, growing organization that provides innovative diagnostics, targeted therapeutics, and artificial intelligence (AI) solutions that empower clinicians to find, fight and follow disease. At Lantheus our purpose and values guide our behaviors in all interactions and play a vital role in creating a dynamic environment that contributes to our success. Every employee is crucial to our success; we respect one another and act as one knowing that someone's health is in our hands. We believe in helping people be their best and are seeking to bring together a diverse group of individuals with different viewpoints and skill sets to be a part of a productive and inclusive team.

This position is site-based and requires a presence on-site three days per week.

Summary of role

We are seeking a highly skilled, strategic, and technical leader to join Lantheus as the Finance Director, Revenue Recognition. This individual is responsible for leading, developing and driving the Global Revenue financial and accounting related processes across Lantheus. Responsibilities will include partnering with cross-functional teams within the business, most notably the Commercial organization on revenue forecasting, budgeting, analytics and decision support. This role will be a key member of the finance and accounting leadership team, collaborating closely with FP&A, Tax, Treasury, Investor Relations and Internal Audit, reporting directly to the Global Controller. This individual will have a strong analytical and technical accounting background, driving timely and accurate financial closes, effective internal controls, and compliance to company policies.

Key Responsibilities

• Responsible for revenue recognition policies and procedures are in conformance with ASC 606, U.S. GAAP, other pertinent authoritative literature, and the Company's established policies.
• Lead the financial partnering with the Commercial Revenue and Insights team analyzing historical revenue and providing key insights to the budget and forecast development, including quantification of risks and opportunities. Provide actionable insight on performance against functional Key Performance Indicators ("KPI's").
• Builds, owns and maintains weekly revenue and dashboards using financial systems (i.e. SAP, SAC, BI, etc..) that provide actionable insights on performance against historical actual trends, forecasts and budgets.
• Ownership of the revenue and pricing internal reporting packages and presentations with an emphasis on key insights (i.e. plant level, # of doses, ASP, etc..) that illustrate a well-thought-out story that is backed by strong data points and metrics and provides the business value added insight to enable business decisions; Elevate analysis for revenue through partnership with Commercial Analytics, ensure consistent messaging from both Finance and Commercial in consolidated reporting.
• Review accounting memos, 606 contract reviews and positions related to significant, complex, and/or non-standard agreements / transactions and work cross-functionally with internal stakeholders including legal department to ensure deals are accretive and to provide conclusions, resolutions, and recommendations.
• Responsible for the monthly and quarterly revenue close process, including assurance of accurate and timely results in our SAP S/4 HANA and all related interfaces and systems. Review significant, complex, and/or non-standard entries, credit memos and adjustments in the GL. Responsible for accuracy, completeness and propriety of journal entries, revenue accruals, account reconciliations, and all allowance accounts and analyses, including related COGS accruals.
• Manage the quarterly reviews and annual revenue audit for both the internal and external auditors, which includes PBCs and related analyses.
• Close collaboration with FP&A on analyzing revenue results to explain the drivers and changes in the Balance Sheet and P&L versus prior periods and latest forecasts and budget
• Lead the Revenue Close Process Improvement and Transformation projects, including process mappings, swim lanes and system optimizations.
• Comply with Sarbanes-Oxley section 404 requirement as related to revenue recognition, ERP, and related systems. Business owner of the revenue SOX narrative, workflow, and relevant key controls.
• Responsible for OTC and related revenue KPIs, performance metrics, executive and management reporting dashboards, and operating targets.
• Drive accounting analyses for business combinations, asset acquisitions, contingent consideration and other business development activities for revenue-related matters.
• Work cross-functionally within the organization on new initiatives and special projects such as evolving revenue models, strategic partnership programs and new product launches.
• Drive the identification of inefficiencies and opportunities for process improvements and lead the implementation of best practices to scale the accounting team.
• Lead, retain, and develop a high-performing revenue finance team by supporting their growth, providing motivation, prompt feedback, and coaching, while setting clear expectations and holding individuals accountable for performance and behavior.
• Assist in other ad-hoc projects as requested.

• Minimum of 12 years of relevant work experience within a life sciences organization, demonstrating a successful track record and progressive responsibilities.
• Bachelor's degree in accounting is required; CPA certification is strongly preferred. An MBA or Master's in Accounting is preferred.
• Significant experience in technical accounting, including revenue recognition and business combinations.
• Proficiency in manual and automated accounting systems; experience with SAP S/4HANA or other large ERP systems is essential.
• Recent experience managing and developing a team is strongly preferred.
• Experience collaborating with FP&A processes
• Exceptional interpersonal and communication skills, both verbal and written.
• Strong organizational abilities with a proven capacity to multitask effectively.
• Ability to work quickly and accurately in a dynamic, fast-paced environment.
• Experience Leading, retaining, and developing a high-performing team
• Demonstrated capability to work independently and collaboratively, along with strong leadership skills.

Other Requirements

• Willingness to work weekends to meet deadlines and occasional travel as needed.

Core Values

The ideal candidate will embody Lantheus core values:

• Let people be their best
• Respect one another and act as one
• Learn, adapt, and win
• Know someone's health is in our hands
• Own the solution and make it happen

Lantheus is an equal opportunity employer that provides a workplace free from discrimination. All qualified applicants and employees are considered without regard to race, color, sex, gender identity or expression, age, religion, national origin, ancestry, ethnicity, disability, veteran status, genetic information, sexual orientation, marital status, or any other characteristic protected by law.

Any applicant requiring an accommodation in connection with the hiring process and/or to perform the essential functions of the position for which the applicant has applied should make a request to the Lantheus Talent Acquisition team at talentacquisition@lantheus.com.