Twist is seeking a highly motivated and experienced Senior Revenue Manager to report directly to the Assistant Controller. This is a pivotal new role crucial to establishing and maintaining best-in-class revenue recognition processes within the Life Science industry, which presents unique and complex revenue challenges. The ideal candidate will possess a deep commitment to mastering our unique business model and serve as the Subject Matter Expert (SME) for all aspects of revenue accounting.
This role requires a unique combination of technical accounting expertise (ASC 606), strong leadership skills, and a proven ability to partner cross-functionally to drive accurate financial reporting, process efficiency, and SOX compliance.
What You Will Be Doing:
- 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.
Required Qualifications:
- 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 is 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 is a plus.
- 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