Senior Manager, Cost Accounting

Position Summary:

The Senior Manager, Cost Accounting is responsible for the overall costing function. Accountable for developing and maintaining standard costs, analyzing variances, performing routine and ad hoc reconciliations, and performing month-end and quarter-end close for cost accounting. Ensures that costs for the company's products and services are allocated according to corporate procedures and in compliance with financial accounting standards. Oversees the cost control systems and prepares cost accounting reports for presentation to management.

Key Responsibilities Include:

• Overall responsibility for accounting for inventory and worldwide cost of goods sold inclusive of developing and maintaining costing methods and KPIs for inventory management and reporting back on KPIs to management.
• Develop analytics and reporting to provide insights on inventory and cost of goods sold activity on a quarterly basis.
• Maintain and improve processes to critically analyze excess and obsolete inventory reserves and document significant assumption.
• Develop a deep understanding of manufacturing agreements and minimum purchase obligations (MPO). Prepare footnote disclosures for inventory and MPOs.
• Collaborate with global Supply Chain teams, as well as contract manufacturing organizations, to maintain and improve processes to ensure timely and accurate reporting of inventory data.
• Perform month-end and quarter-end close procedures including preparation and/or review of journal entries, reconciliation and analyses related to inventory and cost of goods sold, as well as inventory valuation, balances, adjustments and reserves.
• Analyze and collect data to determine costs of commercial and clinical inventory such as raw materials, direct costs and overhead.
• Develop and maintain standard cost on a global basis for any new materials and annually in a timely manner and ensure costs properly reflected in ERP system
• Prepare and verify product costs in support of all cost-based pricing contracts, inter-company transfer pricing and shipping valuations.
• Partner with FP&A and Tech Ops departments on budgeting and forecasting of WW COGS and inventory.
• Assist manufacturing with periodic physical inventory counts and investigate variances and resolve issues.
• Responsible for worldwide inventory accounting inclusive of inventory reserves, inventory capitalization, intercompany profit elimination, and management of inventory related controls.
• Support and ensure compliance with GAAP and related SOX controls and procedures including developing and updating policies and procedures to enhance efficiency.
• Responsible for internal and external audit requirements related to inventory as needed.
• Collaborate with IT team on continued system improvements and enhancements.

Education, Registration & Certification:

• BS, Accounting or Finance. Master’s in Accounting, CPA, CMA and/or MBA is a plus.

Experience:

• 10+ years focused cost accounting experience is required with at least 3+ years in a cost accounting leadership role with direct reports.
• Experience with a commercial stage biotech or pharmaceutical company is required.
• Extensive experience working in ERP systems to support cost accounting, preferably SAP S/4 HANA.
• Strong experience with transfer pricing arrangements and global movement of inventory is preferred.
• Experience with VAT and customs / shipping valuations is a plus.

Skills, Knowledge & Abilities:

• Strong technical skills including knowledge of GAAP and understanding of financial statement mechanics and working knowledge of cGMP and Sarbanes-Oxley (SOX).
• Strong Microsoft Office (Excel, PowerPoint, Word) skills.
• Excellent communication skills, both verbally and in writing; ability to clearly explain costing information to a variety of audiences.
• Strong analytical skills and ability to understand impact across the business.
• Strong organizational skills with a high attention to detail.
• Demonstrated ability to thrive in a dynamic and fast-paced environment with the ability to think strategically.
• Proven ability to manage multiple priorities and meet tight deadlines in a dynamic environment.
• Strong sense of ownership and independence, able to work with limited hands-on supervision while maintaining meticulous attention to detail.
• Demonstrate strong working relationships cross-functionally and throughout the organization at all levels.
• Demonstrate ability to work independently and collaborate to resolve issues.
• Willingness to assume additional responsibility and learn new skills.
• Proactive in streamlining processes and tasks.
• Demonstrate ability to coach and foster direct reports.

Physical Demands and Work Environment:

This is largely a sedentary role; however, some filing is required. This would require the ability to lift files, open filing cabinets and bend or stand on a stool as necessary. This job operates in a professional office environment and routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.

Travel Requirements:

• Up to 20% travel expected. 

Benefits and Perks:

Apellis offers a great benefit package which includes: health insurance with full premium coverage, 401K with company match, paid time off (PTO), long- term disability insurance, life insurance and more!  Visit https://apellis.com/careers/ to learn more.

Company Background:

Apellis Pharmaceuticals, Inc. is a global biopharmaceutical company that combines courageous science and compassion to develop life-changing therapies for some of the most challenging diseases patients face. We ushered in the first new class of complement medicine in 15 years and now have two approved medicines targeting C3. These include the first and only therapy for geographic atrophy, a leading cause of blindness around the world. With nearly a dozen clinical and pre-clinical programs underway, we believe we have only begun to unlock the potential of targeting C3 across many serious diseases.

For more information, please visit http://apellis.com or follow us on Twitter and LinkedIn

EEO Statement:

Apellis is an equal opportunity employer and complies with all applicable federal, state and local fair employment practices laws. Apellis strictly prohibits and does not tolerate discrimination against employees, applicants or any other covered persons because of race, color, religion, creed, national origin or ancestry, ethnicity, sex (including pregnancy), gender (including gender nonconformity and status as a transgender or transsexual individual), age, physical or mental disability, citizenship, past, current or prospective service in the uniformed services, genetic information, marital status, AIDS/HIV status, smoker/nonsmoker, and occupational pneumoconiosis or any other characteristic protected under applicable federal, state or local law.

For San Francisco postings: Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.  

Other Duties:

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.