Director, Revenue & Inventory Accounting

Location:  This position may be performed remotely, but requires the flexibility and willingness to travel as needed.

The Opportunity

Praxis Precision Medicines is a biopharmaceutical company focused on developing transformative therapies for patients with central nervous system (CNS) disorders. As we prepare to commercialize our first products, we are building a strong scalable finance and operations foundation to support long-term growth. 
 
The Director, Revenue & Inventory will sit within the Finance organization and play a critical role in establishing the accounting, operational and systems infrastructure required to support commercialization. Reporting to the SVP, Finance, this role will own revenue and inventory accounting processes, gross-to-net execution, government pricing-related accounting and the design of scalable workflows and controls. 

Primary Responsibilities

• Own the design and execution of revenue and inventory accounting processes, including revenue recognition, gross-to-net deductions, inventory valuation, reserves and GL close activities, in compliance with U.S. GAAP (ASC 606) and SOX requirements. 
• Establish and maintain accounting processes related to government pricing programs, including Medicaid, Medicare and other federal and state programs, in partnership with market access and other key groups across the company, ensuring accurate accruals, reporting and compliance. 
• Partner closely with cross functional stakeholders and external auditors to support accounting policy development, documentation, audit readiness and ongoing compliance as the company transitions to a commercial-stage organization. 
• Design and operationalize gross-to-net processes, including controls, reconciliations and data flows with third-party vendors, market access and commercial operations to ensure accurate and timely accounting. 
• Build and maintain inventory accounting and operational processes in partnership with supply chain and 3PL providers, including controls around inventory movements, obsolescence, write-offs and financial reporting. 
• Lead the implementation and optimization of systems and tools supporting revenue, inventory and government pricing processes, including ERP and gross-to-net solutions, and define scalable processes and documentation to support future growth. 
• Serve as the primary Finance partner for revenue, inventory and government pricing operations, providing clear guidance to cross-functional teams and contributing to the development of a strong compliant financial control environment. 

Qualifications and Key Success Factors

• Bachelor's degree in accounting, Finance or a related field; CPA strongly preferred. 
• 12–18+ years of progressive experience in revenue, inventory or technical accounting within biotech or pharmaceutical companies, including direct experience supporting early commercial launches. 
• Deep knowledge of ASC 606, gross-to-net accounting, inventory accounting and government pricing-related accounting requirements. 
• Experience supporting government pricing programs including Medicaid, Medicare and 340B. 
• Experience supporting a pre- or early-commercial public biotech environment. 
• Familiarity with ERP and gross-to-net systems and experience supporting SOX compliance and external audits. 
• Ability to operate independently in a hands-on build-phase environment. 
• The physical and mental requirements of our roles include but are not limited to regular use of a computer, devices or other office equipment, clear communication, and occasional movement. You’ll need comfort with screen work, basic hand coordination, and focus. Reasonable accommodations may be made to enable individuals with disabilities to perform these functions.

Compensation & Benefits

At Praxis, we believe that taking care of our people (and their people) is important, so we provide a world class benefits package to help you thrive.  This includes 99% of the premium paid for medical, dental and vision plans.  We also provide company-paid life insurance, AD&D, disability benefits, and voluntary plans to personalize your coverage. Thinking about the future?  We match dollar-for-dollar up to 6% on eligible 401(k) contributions and sweeten the deal with long-term stock incentives and ESPP.  We provide a discretionary quarterly bonus, an extremely flexible wellness benefit, generous PTO, paid holidays and company-wide shutdowns.  Not to mention, you'll also be joining a phenomenal crew of colleagues who are smart, engaged and inspiring.  We aim high, collaborate hard, and produce results.  Let’s achieve the impossible together! 

To round out our world-class total rewards package, we provide annualized base salary compensation in the range listed below.  Final salary range may be modified commensurate with job level, education, and experience.