Accounting Analyst

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At MicroPort, we relentlessly strive to master every detail of our medical solutions with the purpose of prolonging and reshaping the lives of patients everywhere. We welcome motivated and talented people who want to join our dynamic and inclusive company, working together to deliver meaningful medical breakthroughs. In order to accomplish this, we hold true to our core values of Quality, Integrity, Accountability, Efficiency, Innovation, Aspiration, Dedication & Collaboration. Come and join Team MicroPort!  

 

Why You’ll Love MicroPort

You will find our team atmosphere challenging and rewarding. In addition to working with a world-class team, receiving a competitive base salary and bonus opportunities, our U.S. employees also enjoy the following benefits: Medical, Dental, Vision, Maternity Leave, Life Insurance, Short-Term Disability, Long-Term Disability, Bereavement, 401(k) (up to 4% match with vesting from day 1), PTO (Starting at 18 days each year), Paid Holidays (10 each year), Employee Assistance Program, Education Assistance...and more! At MicroPort, we care about our employees and encourage them to make healthy lifestyle choices and embrace wellness opportunities to maintain their very best health and wellbeing.

 

*Hybrid Working Schedule Available*

 

 

Overall Summary

The Accounting Analyst’s main function is to own and administer the calculation system for Commission and Royalty payments, working closely with internal teams to ensure accurate calculations and timely payments. Additional responsibilities include financial analysis and reporting for the management team, conduct research, accurately maintain the general ledger, perform account reconciliations and carryout additional duties as required within the Finance department.

 

Your duties will include:

Commissions

1. Own all aspects of the process to prepare for and accurately calculate commissions for the distributors and their sales representatives for inclusion in monthly commission payments. This includes updating a variety of Excel worksheets for commission adjustments, uploading data into TM1, creating & entering journal entries and generating payment vouchers.
2. Compile and organize supporting documents for the distributor payments.
3. Prepare and update monthly reconciliations of related general ledger accounts.
4. Collaborate with the Sales Ops Team to ensure accurate contracts are on file and fully comprehend the contract specifics – length of agreement, commission rate, exclusions, additional commission rate specifics.
5. Maintain process documentation to ensure efficiency
6. Serve as an information source for all commission related questions both internally and externally by answering distributor inquiries, researching and providing resolution to any distributor issues, as approved by the VP Commercial Operations and the VP Finance.

 

Royalties

1. 1. Own all aspects of the process to prepare for and accurately calculate royalties on a monthly basis. This includes running processes in the TM1 system and creating & entering journal entries.
   2. Full comprehension of the contract specifics – length of agreement, royalty rate, applicable products
   3. Create license statements and vouchers quarterly for payment.
   4. Monthly review of the royalty data to ensure expired items/agreements are removed from the calculation.
   5. Add items to the royalty system (TM1) when new contracts are approved.
   6. Maintain hospital affiliation process to ensure accurate calculations
   7. Complete balance sheet reconciliations
   8. Serve as an information source for all royalty related questions both internally and externally
   9. Complete Special Projects upon request

Other Duties Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice. 

 

 

 

About You

 

We might be a great match if you have these skills/knowledge/abilities: 

This position requires a thorough knowledge of accounting theory, its practical application and working knowledge of financial statement disclosure. The candidate must possess excellent people, organizational and communication skills.  This position requires general knowledge of MicroPort’s operations in order to effectively participate in the development