Senior Revenue Accounting Manager at Twist Bioscience

South San Francisco, California, United States

Apply Now

Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Life Sciences, BiotechnologyIndustries

Requirements

Bachelor’s degree in Accounting, Finance, or a related field
6+ years of progressive experience in accounting, with a significant focus on revenue recognition (ASC 606)
Demonstrated experience in a technical accounting role within the Life Science, Biotech, or Pharmaceutical industry (highly preferred)
Strong knowledge of US GAAP and SOX compliance requirements, specifically as they relate to revenue and receivables
Proven ability to manage and execute a complex monthly/quarterly close process
Excellent communication skills with the ability to articulate complex accounting guidance to non-finance partners
Preferred Skills & Experience
CPA certification
Experience leading a team or function
Proficiency with large ERP systems (e.g., SAP, Oracle, NetSuite) and strong advanced Excel/data analysis skills
Experience implementing or significantly upgrading revenue-related systems or processes

Responsibilities

Serve as the SME on all key revenue accounting rules (ASC 606 and GAAP), developing a solid understanding of Twist's diverse business models (e.g., custom products, services, partnership arrangements) to ensure appropriate technical application
Review complex contracts and partnership agreements to determine the proper revenue recognition treatment, billing schedule, and disclosure requirements
Develop, implement, and maintain the Company’s revenue accounting policies and procedures, ensuring compliance with all regulatory requirements and SOX controls
Prepare ad-hoc revenue analysis, memos, and respond to both internal and external auditor queries
Lead the monthly and quarterly revenue close process, ensuring efficiency and effectiveness, including preparation and review of revenue journal entries, account reconciliations, and detailed flux analysis
Develop and scale a high-performing revenue function to meet the knowledge and capability needs of a rapidly growing company
Drive the accuracy of revenue reporting for both management (internal) and external reporting purposes
Manage and synthesize large datasets related to revenue and receivables using analytical tools to illustrate findings, analyze trends, and report results to finance leadership
Partner closely with the Commercial team to understand key sales trends, structure complex transactions, and advise on contract terms to ensure optimal and compliant revenue recognition
Collaborate with Billing & Collections to enhance the receivables and invoicing processes, improving accuracy and compliance
Work with Information Technology (IT) and other business leaders to define IT solution requirements and participate in initiatives for ongoing process and systems improvements (e.g., ERP, CPQ system enhancements) to increase compliance, integrity, and scalability
Develop reporting tools and key performance metrics to measure the success and efficiency of the sales and revenue process in partnership with Commercial leaders
Own the SOX compliance framework for the revenue and accounts receivable cycles
Enhance current SOX controls and develop new, scalable controls as the Company continues to expand and evolve into new markets and offerings

Skills

Key technologies and capabilities for this role

ASC 606GAAPRevenue RecognitionSOX ComplianceFinancial ReportingContract ReviewJournal EntriesAccount ReconciliationsFlux AnalysisData Analysis

Questions & Answers

Common questions about this position

What is the salary or compensation for the Senior Revenue Accounting Manager role?

This information is not specified in the job description.

Is this Senior Revenue Accounting Manager position remote or onsite?

This information is not specified in the job description.

What key skills are required for the Senior Revenue Accounting Manager role?

The role requires technical accounting expertise in ASC 606 and GAAP, strong leadership skills, proven cross-functional partnering abilities, and experience managing large datasets with analytical tools.

What does the company culture or team environment look like for this role?

This information is not specified in the job description.

What makes a strong candidate for the Senior Revenue Accounting Manager position?

A strong candidate has deep experience in revenue accounting, a commitment to mastering Twist's unique business model, expertise as a SME in ASC 606, and the ability to lead a high-performing team while partnering cross-functionally.

Twist Bioscience

Produces synthetic DNA for biotechnology applications

About Twist Bioscience

Twist Bioscience specializes in creating synthetic DNA for applications in biotechnology, pharmaceuticals, and research. Their proprietary platform allows for the quick and accurate production of DNA sequences, providing clients with products like genes, oligo pools, and variant libraries. The company stands out by offering high-quality DNA at competitive prices, making them a valuable partner for academic institutions and pharmaceutical companies. Twist Bioscience aims to support advancements in personalized medicine and biotechnology through their innovative DNA synthesis solutions.

South San Francisco, CaliforniaHeadquarters

2013Year Founded

$236.5MTotal Funding

IPOCompany Stage

Biotechnology, HealthcareIndustries

1,001-5,000Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Disability Insurance

Life Insurance

401(k) Retirement Plan

Risks

Increased competition from Ginkgo Bioworks may impact Twist's market share.

Dependency on AI technologies could pose integration and operational challenges.

New CIO appointment may lead to transitional challenges in IT strategy and operations.

Differentiation

Twist Bioscience uses a unique silicon-based DNA synthesis platform for precision and scale.

They offer high-quality DNA sequences at competitive prices, attracting diverse clients.

Their proprietary platform provides instant feedback on DNA sequence synthesis feasibility.

Upsides

Growing demand for synthetic DNA in personalized medicine boosts Twist's market potential.

Collaboration with Absci leverages AI to accelerate antibody discovery and drug development.

Synthetic biology market projected to grow at 28.8% CAGR, benefiting Twist's growth.

Land your dream remote job 3x faster with AI

Try Jobo Free