Exec. Director, Cost Accounting and Inventory Finance

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:

The Exec. Director, Cost Accounting and Inventory Finance is a key member of BioCryst’s Finance organization and the leader of the Cost Accounting function. This role sets the tone for the group and organizes the team to efficiently achieve goals through delegation and accountability, enabling the Cost Accounting function to scale in support of broader company objectives. The Executive Director leads financial close accounting, analysis and reporting of cost accounting valuation, inventory movements, reserves, and cost of goods, as well as other key accounting judgements and internal controls. The Executive Director will partner closely with various teams across the global organization, ensuring projects are in alignment with functional and corporate strategy. 
This position is ideally located in Boston, MA or Durham, NC, and can be fully remote on the East Coast, working East Coast hours. #LI-REMOTE

 

ESSENTIAL DUTIES & RESPONSIBILITIES:

• Leads a cost accounting team of professionals and managers; sets team goals, objectives, staffing, roles and responsibilities; monitors performance; coaches and provides feedback.
• Develops and implements the overall strategy for Cost Accounting. Creates a framework to support the growth of the function and company, maintaining a continuous improvement mindset.
• Approves and affirms the completeness and accuracy of month-end close tasks; is accountable for overseeing all related journal entries, balance sheet reconciliations, financial flux, key judgements, internal controls and management reporting.
• Partner with Supply Chain counterparts to ensure accounting for 3rd party contract manufacturers is done in accordance with manufacturing agreements.
• Oversees the deliverables for quarterly reviews and annual audits performed by internal and external auditors.
• Ensures SOX compliance for responsible area, including the development and implementation of improvements to current controls.
• Provides technical guidance, mentoring, and ensures consistent application of cost accounting principles. Develops and implements accounting policies and procedures with respect to inventory and inventory related accounts.
• Provides leadership and takes accountability for identifying and driving process/ systems improvement initiatives.
• Identifies and cultivates productive relationships with business partners and stakeholders, including collaboration with Supply Chain leaders to develop appropriate cost accounting strategies to ensure inventory is fairly stated on the balance sheet.
• Serves as management sponsor for cross-functional projects and process enhancements.
• Champions and oversees research on cost accounting questions and special projects.
• Oversees preparation of key ad-hoc reporting and analysis requested by senior leadership.
• Delivers compelling presentations to senior / cross functional teams, tailoring the conversation to specific audiences and situations. Demonstrates ability to balance presentations to manage differing points of view.
• Ensures global operational processes and transactional activities balance both business and financial needs.
• Mobilizes resources needed to address business needs and effectively realigns resources and implements tactics to meet shifting needs and priorities.
• Consistently improves process and functional performance through innovative approaches to challenges. Fosters a culture of improvement, strong communi