Accounting Manager

Accounting & Finance Philadelphia, Pennsylvania


Summary: Responsible for the accounting operations for all Lannett entities including the monthly financial close.  This position will also be expected to make contributions to operational improvements throughout the Company, and will work as part of a team directed by others in the Accounting department as well as managers outside of Accounting.


  • Lead and train team members to ensure timely and accurate execution of relevant accounting and financial reporting processes.
  • Identify, research, liaise and resolve accounting issues with SEC reporting group.
  • Manage the monthly, quarterly, and year end accounting close procedures, and maintain compliance with required deadlines.
  • Prepare, oversee, and manage general accounting entries, including but are not limited to, inventory, fixed assets, prepaid assets, accruals, equity, and revenue recognition entries.
  • Assist with corporate accounting activities, including equity, consolidations, international accounting, foreign currency translations and intercompany transactions and eliminations.
  • Perform monthly variance analyses, bridge and other analyses and investigate trends and significant variances.
  • Ensure that the accounting records, reports and supporting documentation are in compliance with Generally Accepted Accounting Principles (GAAP) and other government regulations, where applicable.
  • Assist with implementing, documenting and executing internal controls and accounting policies to promote effective governance and accurate financial reporting.
  • Work closely with external auditors and manage the preparation of audit schedules.
  • Preparation and performance of ad hoc or ongoing projects and schedules as needed.
  • Oversee/manage/monitor:
    • Domestic treasury operations
    • Cash balances
      • Set daily cash position
      • Quarter end position
      • Target balances
      • US & native currency
    • Bank account reporting/Treasury Workstation
      • Create/distribute reports
      • Wire transfer system/ACH payments
        • Signing and wire transfer authority
        • Security
        • Dollar limits
        • Transaction volume – domestic/international
      • Maintain/manage Cash forecasting system
        • Daily, weekly, monthly, annual
      • Report on Investments, including
        • Amount
        • Maturities
        • Rates
        • Legal entity
        • Currency
        • Institution
        • Instruments
        • Investment policy


  • The content, quality, and accuracy of financial reporting systems, reports, analysis, and documents prepared for both internal and external distribution.
  • Analytical skills necessary to review/analyze cash flows and financial data.
  • Ability to identify, measure, evaluate, and improve, if necessary, the effectiveness of treasury, financial, and operational controls.
  • Strong verbal and written communication and interpersonal skills to interact with a diverse group of people in a team environment.
  • Advanced computer skills including Microsoft Office; specifically advance knowledge of and experience working with Microsoft Excel or other spreadsheet programs; experience with query tools.
  • Ability to organize, prioritize, and manage multiple projects with a strong attention to accuracy and detail.
  • Resource and advisor to all levels of management within the organization.

 Key Relationships

This position reports to the Corporate Controller. The position must maintain relationships with other members of the Lannett accounting and finance departments and senior management.  

In working with all management levels within the organization, must have an intellectual curiosity and be active in the company by observing and asking questions to learn. This information is critical to be able to identify any flaws in processes and operations that could be detrimental to the Company’s ability to compete and grow.


  • 6-10 years of public accounting or public accounting + industry experience
  • In-depth knowledge of GAAP, financial reporting, financial statement analysis, and internal controls
  • Experience in leading a team
  • High level of interpersonal, written, verbal communication skills
  • Strong ability to prioritize and handle multiple tasks. Highly detail oriented
  • Ability to work cross functionally in order to achieve desired results
  • Maintain a high level of confidentiality and professional skepticism
  • Must have a moderate to high level of competency in Microsoft Excel, and experience creating and delivering PowerPoint presentations


  • Bachelor’s degree in Accounting or Finance with at least 6 -10 years of related work experience.
  • CPA Required