Director of Revenue Accounting

About Lantheus

Lantheus (NASDAQ: LNTH) is the leading radiopharmaceutical-focused company, delivering life-changing science to enable clinicians to Find, Fight and Follow disease to deliver better patient outcomes. Headquartered in Massachusetts with offices in New Jersey, Canada, Germany, Sweden, Switzerland and United Kingdom, Lantheus has been providing radiopharmaceutical solutions for nearly 70 years.

Today, we're expanding our portfolio and pipeline across oncology, neurology and cardiology. Through recent acquisitions, along with strategic partnerships across the life sciences ecosystem, we are accelerating our efforts to advance precision medicine and improve patient outcomes around the world.

At Lantheus we are purpose-driven, and every employee plays a vital role in our success. We're dedicated to cultivating a high-growth, forward-thinking culture where innovation thrives and diverse perspectives drive meaningful progress.

Join us and be part of a company where your contributions make a real impact, because we know someone's health is in our hands.

Summary of role

We are seeking a highly skilled, detailed, and technical leader to join Lantheus as the Director of Revenue Accounting. This individual is responsible for leading, developing and driving the revenue recognition and the accounting over accounts receivable and all related areas, specifically collections and reporting metrics. This role will consist of cross-functional collaboration with various departments related to processes associated with global revenue. Responsibilities will include partnering with cross-functional teams within the business, most notably the Customer Service on the billing initiatives, credit memo assessments, and quote-to-cash process. This team member will have a significant influence within the finance and accounting leadership team, collaborating closely with FP&A, Treasury, Investor Relations and Internal Audit, reporting directly to the Global Controller. This individual will have a strong technical and process-driven background along with a robust operational background, specifically on billing and collection initiatives. This role will also require the ability to drive timely and accurate financial closes, effective internal controls, and compliance to company policies, and identification and solution-oriented approaches to complex revenue matters.

This position is based in Massachusetts and requires a presence on-site three days per week, and open to applicants authorized to work for any employer within the United States.

Key Responsibilities/Essential Functions

• Implementation of all new revenue products and performance obligations into the quote-to-cash process, including proper revenue recognition and system integration.
• Drive the results for specific Key Performance Indicators ("KPI's") of the business, which include improvements over Days Sales Outstanding ("DSO") at the product-type level and management reporting dashboards.
• Own with accounts receivable and collection process which will include assessing the collectability efforts, key financial results, and cash receipt application. The responsibilities of this role will involve direct customer contact and relationship building and root cause analysis for any payment delays.
• Partner with the Customer Service department, who are responsible for billing preparation, to improve the billing process, which will include integration and streamlining of any new products and performance obligations into the Company's ERP system (SAP S/4 HANA).
• Manage a team of 4-7 individuals who will be responsible for the close process, revenue recognition, reporting, accounts receivable and collection improvements.
• 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.
• 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 trends and expectations, as provided by the FP&A team.
• Partner with the FP&A team to prepare and review 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.
• Participating in the preparation and review of 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.
• 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 accounting/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.

Basic Qualifications

• Minimum of 12 years of relevant work experience, demonstrating a successful track record and progressive responsibilities.
• Bachelor's degree in accounting is required; CPA certification is required. An MBA or a Master's in Accounting is preferred.
• Significant experience in revenue operations and process improvement initiatives
• Strong technical revenue recognition background,
• Proficiency in manual and automated accounting systems; experience with SAP S/4HANA or other large ERP systems is essential.
• 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.
• Demonstrated capability to work independently and collaboratively, along with strong leadership skills.

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

The pay range for this position is between $172,000 and $287,000 annually.

Actual base pay offered may vary depending on a number of factors such as job-related knowledge, skills and experience. Employees in this position are eligible for a discretionary performance-based cash incentive, and depending on the level of the role may be eligible for a discretionary annual equity award. Benefits for this position include a comprehensive health benefits package that includes medical, prescription drug, dental, and vision coverage. Other offerings include life and disability benefits, pre-tax accounts, a 401(k) with company contribution, and a variety of other benefits. In addition, employees are eligible for a generous time off package including paid vacation, holidays, sick days, and paid parental leave. Interested candidates can apply at Lantheus.com. Applications for this position will be accepted until November 27, 2025.

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. Lantheus is an E-Verify Employer.

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.