Financial Analyst

Axsome Therapeutics, Inc. is a biopharmaceutical company developing and delivering novel therapies for the management of central nervous system (CNS) disorders. The Axsome team is a lean, dynamic group of individuals committed to addressing unmet needs for patients with CNS disorders. Axsome is based in New York City.

About This Role

Axsome Therapeutics is seeking a Financial Analyst who will be responsible for supporting the commercial finance function. The role will manage the accounts receivable process and reconcile customer sales deductions, customer return transactions, gross to net process execution, and inventory management and valuation. The Financial Analyst will foster a positive working relationship and be highly collaborative with the broader Finance team to provide informative and actionable analytics. The Financial Analyst, will work closely with our product distribution customers and logistics provider, our returns processing vendor, and our internal Trade and Distribution team to ensure full visibility to needed information and implementation of any required corrective actions including collections efforts, analytics, and monitoring. This role reports directly to the Director, Finance.

This role is based at Axsome's HQ in New York City with an on-site requirement of at least three days per week. We are unable to consider candidates who are looking for fully remote roles.

Job Responsibilities and Duties include, but are not limited to, the following

• Ensure complete and accurate accounts receivable (AR), deduction validation, and return reconciliation functions via high level analytics and other related activities
• Monitor and maintain system of record for all accounts receivable transactions including cash collections, distributor deductions, credits, etc.
• Research and resolve customer deductions; coordinate with business partners to resolve contested items, recommend appropriate action for item handling. Either issue credit or contact customer to collect unauthorized deductions
• Prepare, verify and complete data entry of pricing, promotional, return and or other credit memo documents
• Responsible for ensuring the Accounts Receivable and cash collections processes operate in a well controlled environment in accordance with Sarbanes Oxley standards including the implementation and execution of internal controls
• Execute and perform all Accounts Receivable activities downstream of basic cash application and communicate problems/opportunities in a timely manner
• Follow up on overdue items and educate leadership on any trends impacting the sales collection process
• Close communication with external partners and customers to fill in gaps in data and affect outcome on any corrective actions needed
• Collaborate with internal stakeholders within Market Access and Trade/Distribution
• Prepare reports and dashboards to educate Axsome leadership on trade and distribution finance related topics
• Gross to net calculations and analytics
• Gross to net administration of third party claims including validation support, and accuracy of the general ledger
• Responsibility for the execution of select Gross to net internal controls
• Support the inventory process through close collaboration with Supply Chain

Requirements / Qualifications

• Bachelor's Degree in Accounting, Finance, Economics or Business Administration
• At least 1 year of experience in a Finance or Accounting role
• Intermediate or advanced excel skills required
• Ability to work on-site Monday, Tuesday, and Thursday. We are unable to consider candidates who are looking for fully remote role

Experience, Knowledge and Skills

• Possess a problem-solving mindset with demonstrated "lean-forward" approach and the ability to think critically
• Strong analytical and research skills
• Knowledge of Sarbanes-Oxley a plus
• Strong planning and organization skills, attention to detail, execution, and follow-through
• Excellent oral, written and presentation skills
• Ability to influence decision makers and educate variety of internal audiences on complex concepts

Salary and Benefits:

The anticipated salary range for this role is $115,000 - $140,000. We encourage candidates of all levels to apply as there may be flexibility on final job title and responsibilities. The salary offer will be based on a variety of factors, including experience, qualifications, internal equity and location. Axsome offers a competitive employment package that includes an annual bonus, significant equity and a generous benefits package.

Axsome is committed to equal employment opportunity and providing reasonable accommodations to applicants with physical and/or mental disabilities. We value and encourage diversity and solicit applications from all qualified applicants without regard to race, color, gender, sex, age, religion, creed, national origin, sexual orientation, gender identity, ancestry, citizenship, marital status, physical or mental disability, medical condition, veteran status, genetic information, or any other characteristic protected by federal, state, or local law.

Axsome Therapeutics does not accept unsolicited resumes from recruiters or third-party recruitment agencies and will not pay placement fees for unsolicited candidates that are sent to hiring managers, the HR team or other Axsome team members. Only approved vendors who have been explicitly asked to support a specific search will receive access to our Applicant Tracking System to submit candidates for consideration.