Manager, Commercial Accounting

Madrigal is a biopharmaceutical company focused on delivering novel therapeutics for metabolic dysfunction-associated steatohepatitis (MASH), a serious liver disease that can progress to cirrhosis, liver failure, need for liver transplantation and premature mortality. Every member of our Madrigal team is connected by our shared purpose: leading the fight against MASH.

Madrigal’s medication, Rezdiffra (resmetirom), is a once-daily, oral, liver-directed THR-β agonist designed to target key underlying causes of MASH. Rezdiffra is the first and only medication approved by both the FDA and European Commission for the treatment of MASH with moderate to advanced fibrosis (F2 to F3). An ongoing Phase 3 outcomes trial is evaluating Rezdiffra for the treatment of compensated MASH cirrhosis (F4c).

Our success is driven by our people. We are building a dynamic, inclusive, and high-performing culture that values scientific excellence, operational rigor, and collaboration. To support our continued growth, we are strengthening our workforce strategy to ensure we have the right talent, at the right time, in the right way.

Job Title: Manager – Commercial Accounting

Location: Hybrid from either - Waltham, MA or West Conshohocken, PA

Job Summary:

We are seeking a skilled Manager, Commercial Accounting to join our finance team. The ideal candidate will have experience in biotech, pharmaceutical, or life sciences, with a minimum of 5-7 years of relevant public company industry and/or audit experience.  The Manager of Commercial Accounting will play a pivotal role in supporting the financial aspects of inventory and revenue management within the company. Top candidates will be proactive in pursuing solutions, have outstanding presentation and writing skills, with the ability to work on their own initiative and as part of a team while maintaining positive working relationships. The Manager should have a deep understanding of accounting principles, strong leadership skills, and experience navigating the complexities of commercial accounting in the commercial pharmaceutical industry.

Key Responsibilities:

• Prepare monthly inventory accounting with accurate reporting and valuation of inventory, including standard costing and evaluation of manufacturing variances, in accordance with accounting standards and company policy.
• Collaborate with Supply Chain and Production teams along with FP&A business partners to manage inventory levels, capture movement of inventory across global entities, assess obsolescence, and optimize inventory turnover.
• Review and ensure accurate revenue recognition in compliance with ASC 606, including gross-to-net accounting, encompassing chargebacks, government and commercial rebates, and other sales deductions common in the biotech/pharma industry.
• Collaborate with Market Access and FP&A business partners to ensure accurate monthly gross-to-net accruals and identify areas of risk.
• Complete month-end reporting requirements, including recording journal entries and preparing account reconciliations, while meeting internal and external deadlines.
• Assist in enhancing and maintaining internal controls and procedures to ensure compliance with SOX requirements and company policies, and to ensure the accuracy and integrity of financial data related to revenue, inventory, and international operations.
• Support external and internal audit requests in areas related to inventory and revenue
• Support Market Access with tasks related to AR and customer credits, including calculating monthly discounts/credits and collaborating with our 3PL.
• Stay updated on accounting standards, industry regulations, and system enhancements to optimize the commercial accounting process.
• All activities of this position will be performed in conformance with our established policies as well as GAAP, SOX, and any other applicable regulatory requirements.
• Other ad-hoc projects as needed.

Requirements:

• Bachelor’s degree in accounting or related field required; CPA Preferred.
• 5-7 years of relevant work experience preferred.
• Inventory or Cost Accounting experience at a company with commercial operations required.
• Experience with NetSuite a plus.
• Public accounting experience a plus.
• Life sciences industry experience required.
• Sound understanding of accounting principles.
• Ability to analyze current processes and suggest/implement updates to create automations and improve efficiencies.
• Ability to adjust working hours as needed to support collaboration with global team members in different time zones.
• Analytical thinker with strong conceptual and problem