Sr. Revenue Operations Analyst
Why CorMedix?
If you are interested in joining an entrepreneurial team, focused on bringing life-saving therapies to market for critical unmet medical needs, consider applying for a role at CorMedix. The culture at CorMedix is patient-centered where we feel a sense of urgency to solve some of the most pressing issues for patients with life-threatening conditions and diseases.
CorMedix’s greatest asset is our people. We have a deeply experienced team and continue to bring on some of the brightest talent that can problem solve and execute with high-precision. We are passionate about the work we do and how we do it. We believe in building highly engaged teams that exude integrity, open communication, and innovation.We believe in fostering each employee to reach their highest potential by offering an inclusive environment, opportunities to challenge yourself and grow, and a community of purpose. We expect that everyone at CorMedix brings their best selves to work and together, our singular efforts culminate into profound and meaningful breakthroughs.
Company Description:
CorMedix Inc. is a biopharmaceutical company focused on developing and commercializing therapeutic products for the prevention and treatment of life-threatening conditions and diseases. The Company is focused on commercializing its lead product DefenCath®, which was approved by the FDA in November 2023 and launched in mid-2024 in outpatient and inpatient hemodialysis.CorMedix also intends to develop DefenCath as a catheter lock solution for use in other patient populations, such as total parenteral nutrition (TPN) for which the Company is commencing a clinical study in 1H 2025. For more information visit: www.cormedix.com.
POSITION :
The Senior Revenue/Gross-to-Net Analyst provides operational support to the Finance team by leading the Gross to Net function and assisting with timely and accurate maintenance and completion of financial closing activities in accordance, and in compliance, with Generally Accepted Accounting Principles (GAAP).The qualified candidate assists with sales reporting, gross to net analysis and other general and/or daily Finance activities including, but not limited to journal entries, account reconciliations, etc., to support department operations and analysis.
PRIMARY RESPONSIBILITIES:
Gross-to-Net Financial Management- Support the gross-to-net financial close process including but not limited to rate calculations, reserve adjustments and other financial analysis. Perform analysis of sales, returns, Medicaid data, Managed Care data, chargebacks, wholesaler inventories & fees, voucher programs and other data to ensure accuracy and appropriate reserves as directed by the Director of Revenue.
- Monitor the CorMedix Accounts Receivable aging on a regular basis, focusing on Debit and Credit memos recorded subsequent to customer invoices.
- Resolve lingering Debit/Credit memos instances in the A/R aging with Cardinal 3PL/SPS.
- Monitor & resolve chargeback related issues in a timely fashion.
- Monitor & resolve return processing related issues.
- Prepare month end revenue/cash posting entries and reconcile activity with Cardinal 3PL/SPS.
- Support improvement of internal controls and efforts to automate and streamline processes to ensure accurate and timely reporting of the Company’s Financials.
- Provide payment and/or deduction details for the month-end close to IntegriChain (Gross-to-net (“GTN”) third party consulting firm) for reconciliation of Balance Sheet (“B/S”) reserves.
- Together with Finance team, work with external auditors to provide required schedules and support for the interim and annual audits.
- Prepare monthly and quarterly Revenue schedules such as net sales reports to facilitate Financial Reporting
- Perform ad hoc reporting and analysis as needed.
- Reconcile Fee for Service invoices, coordinate approval and credit memo/payment issuance.
- Monitors customer related cash GTN accounts after period-end and have a good understanding of the balance sheet reserve movement and balances.
- Ensure monthly CorMedix gross-to-net general ledger accounts are reconciled with IntegriChain without exception.
SKILLS & REQUIREMENTS :
- Experience specific to Revenue and Gross-to-Net Accounting
- Pharmaceutical (ideally) or healthcare industry experience is highly preferred.
- Excellent people management and interpersonal skills
- Occasional domestic travel may be required
QUALIFICATIONS :
- Bachelor’s degree in accounting, finance or related business discipline - REQUIRED.
- Public Accounting audit experience – PREFERRED.
- Experience in gross-to-net sales analysis and calculations - REQUIRED.
- Working knowledge of general accounting principles, practices, methods, and analysis-REQUIRED
- Proficiency with Microsoft Office (including excellent Excel skills) - REQUIRED.
- Advance Excel Skills - REQUIRED
- Knowledge of ERP systems - PREFERRED.
EEO Statement:
CorMedix is an equal opportunity employer. The Company is committed to providing a safe, respectful, and professional work environment that is free from all forms of unlawful discrimination, harassment (including sexual harassment), and retaliation, and complies with all applicable laws prohibiting such conduct.CorMedix does not discriminate against any individual on the basis of race, religion, color, national origin, ancestry, sex, marital/civil union/domestic partner status, family or parental status, sexual orientation, age, disability, or any other status protected under applicable federal, state, or local law.