Director of Cost Accounting - Biotech

Company: Creative Financial Staffing
Location: Cambridge
Posted on: November 19, 2023

Job Description:

Creative Financial Staffing has partnered with a pioneering biotech company to identify a Director of Cost Accounting to join their growing global team. This is a newly created position focused on the build out of the inventory/cost accounting function. This position is remote.


Highlights of the Director of Cost Accounting opportunity:

• 
  
• The Company: Founded over 10 years ago, our client is a publicly traded global biotech that focuses on developing life-changing therapies for patients with neurodegenerative diseases (i.e. ALS, Alzheimer's).
  
• The Growth: The company launched their first commercial therapy in the fall of 2022; have 3 therapies in various stages of Phase 2 clinical trial; and have 2 additional therapies in the preclinical trial.
  
• The Position: The Director of Inventory & Cost Accounting will be the subject matter expert in the organization for global cost of sales and inventory accounting including related processes, policies, controls, and documentation.
  
• The Opportunity: This is a great opportunity to get in at the early stages of the commercial launch. This highly impactful role will build out the cost accounting function from processes to staff.
  
  
  Reporting to the Controller, the Director of Cost Accounting's responsibilities include but are not limited to:
  
  • 
    
  • Act as the company's expert in standard cost and inventory management.
    
  • Oversee global inventory and cost accounting, including standard cost development and month-end closing activities.
    
  • Analyze and address purchase price and production variances.
    
  • Lead cost of goods sold budgeting and forecasting in collaboration with FP&A and Supply Chain teams.
    
  • Implement standardized processes and best practices for efficient inventory management.
    
  • Prepare and analyze actual results and variances for inventory and cost of goods sold.
    
  • Collaborate with finance and Supply Chain teams to improve reporting and automation.
    
  • Manage external audit deliverables and ensure compliance with Sarbanes Oxley controls.
    
  • Coordinate annual physical inventory counts globally.
    
  • Maintain documentation for financial statements.
    
  • Work with IT team on system improvements.
    
  • Undertake special projects as needed.
    
    
    
    Qualifications:
    
    • 
      
    • Bachelor's degree in Accounting, Finance or Business.
      
    • CPA/MBA Preferred
      
    • 7+ years of cost accounting experience and a strong understanding of US GAAP
      
    • Previous oversight of inventory month-end closing procedures in a publicly traded company including financial statement flux analysis and reconciliation of balance sheet accounts.
      
    • FloQast/Blackline experience preferred
      
    • Experience working in a multi-currency, multi-country environment.
      
    • 2 years supervisory experience
      
    • Biotech/Pharmaceutical industry experience in a commercial company highly preferred.
      
      
      #CBNOV2023#INNOV2023

Keywords: Creative Financial Staffing, Cambridge , Director of Cost Accounting - Biotech, Executive , Cambridge, Massachusetts