Sr. Cost Accounting Manager

COMPANY:

At BioCryst, we share a deep commitment to improving the lives of people living with complement-mediated and other rare diseases. For over three decades we’ve been guided by our passion for not settling for “ordinary” in our quest to develop novel medicines. We leverage our expertise in structure-guided drug design to develop first-in-class or best-in-class oral small-molecule and protein therapeutics, led by the efforts of our team of expert scientists in our Discovery Center of Excellence in Birmingham, Alabama. Our global headquarters is in Durham, North Carolina, our European headquarters is in Dublin, Ireland and our employees span the globe across sites in multiple countries. We are proud of our culture of engagement and accountability that rewards people for innovative thinking and achievement of key objectives. For more information, please visit our website at www.biocryst.com or follow us on LinkedIn and Instagram.

 

JOB SUMMARY:

BioCryst is looking for an experienced hands-on Senior Cost Accounting Manager who is an enthusiastic team member with a solid technical accounting background in the functional area of Cost Accounting and Inventory. This role will play a critical role in driving the inventory monthly/quarterly close processes to ensure a high quality, accurate and efficient close, enabling the Company to meet both its internal timelines and external SEC reporting/filing timelines, while ensuring the Company’s SOX internal controls are operating effectively. A key goal for this role will be to drive continuous improvement and optimization of our business processes specific to financial management and scalability of inventory and manufacturing activities across the Company, in preparation for the potential launch of additional commercial product(s). This role is responsible for adherence to and identification of internal controls over inventory and cost of goods sold and related activities. This role fully remote. Candidates must be in EST or CST time zones. #LI_REMOTE

 

ESSENTIAL DUTIES & RESPONSIBILITIES:

• Responsible for accurate and timely completion of monthly/quarterly cost accounting tasks including:
  • Inventory costing, reserve analysis, cost of goods sold, overhead calculation and cost adjustments.
  • Capitalization rules surrounding inventory accounting.
  • Preparation/ Review of all inventory-related journal entries & Balance sheet reconciliations at month-end.
• Partner with SCM to ensure accounting for 3rd party contract manufacturers is done in accordance with the contracts.
• Collaborate with Operations Team on timely and accurate reconciliation of external inventory against internally tracked perpetual balances.
• Maintain and ensure ongoing compliance with accounting policies, procedures and SOX Controls.
• Responsible for SOX 404 inventory compliance including:
  • Internal control design and documentation.
  • Walkthroughs and testing of controls by both external auditors and our internal audit firm, including preparation of support for all requests.
• Develop policies, processes, templates and best practices to standardize and streamline related business processes.
• Develop and prepare effective analyses of inventory and cost of goods sold actual results and related variances.
• Collaborate with other finance team members and Supply Chain team to ensure timely and accurate reporting of inventory data and continuous improvement and automation of transactions.
• Manage quarterly external audit deliverables and provides support, as needed, related to inventory, quarterly reviews and cost of sales.
• Partner with Supply Chain on the planning and execution of annual physical inventory counts for each location globally including analysis and reporting of results.
• Maintain documentation required to support 10-Q/10-K financial statement presentation of inventory and cost of goods sold.
• Collaborate with IT team on system improvements and enhancements.
• Other duties as assigned.

 

EXPERIENCE & QUALIFICATIONS:

• Undergraduate degree in Accounting or Finance with 7 years of accounting/finance experience or an equivalent combination of education and experience.
• 5+ years of cost accounting experience with 3+ years being in the pharmaceutical/biotech industry
• Active CPA license.
• Exp