Director, Commercial Accounting
Job Summary
About IDEAYA Biosciences: IDEAYA is a precision medicine oncology company committed to the discovery, development, and commercialization of transformative therapies for cancer. Our approach integrates expertise in small-molecule drug discovery, structural biology and bioinformatics with robust internal capabilities in identifying and validating translational biomarkers to develop tailored, potentially first-in-class targeted therapies aligned to the genetic drivers of disease. We have built a deep pipeline of product candidates focused on synthetic lethality and antibody-drug conjugates, or ADCs, for molecularly defined solid tumor indications. Our mission is to bring forth the next wave of precision oncology therapies that are more selective, more effective, and deeply personalized with the goal of altering the course of disease and improving clinical outcomes for patients with cancer.
Position Summary
IDEAYA Biosciences is seeking a Director, Commercial Accounting. The Director, Commercial Accounting is a strategic finance leader responsible for overseeing all aspects of commercial product revenue accounting, gross-to-net (GTN) reporting and forecasting. Reporting to the Senior Director of Finance, this role will ensure accurate revenue recognition in accordance with U.S. GAAP while building scalable processes, systems, and controls to support IDEAYA’s transition to and growth as a commercial-stage biotechnology company.
Job Description
- Lead all aspects of commercial product revenue accounting, including gross-to-net estimates, accruals, and revenue recognition in compliance with ASC 606.
- Oversee development, validation, and continuous improvement of gross-to-net forecasting methodologies, including rebates, chargebacks, returns, distribution fees, patient assistance programs, and other variable consideration components.
- Partner with Commercial, Market Access, Trade, and Government Pricing to align GTN assumptions with contracting strategies and payer dynamics.
- Oversee monthly, quarterly, and annual revenue close processes, including variance analysis and executive reporting.
- Establish and maintain robust internal controls over revenue processes, ensuring SOX compliance and audit readiness.
- Drive visibility into gross margin performance, including detailed analysis of cost drivers and scenario modeling for launch and scale-up activities.
- Collaborate with FP&A to integrate GTN and COGS analytics into budgeting, long-range planning, and scenario modeling.
- Serve as a key liaison with external auditors regarding revenue recognition and related GTN methodologies.
Requirements
- Bachelor’s degree in Accounting or Finance; CPA strongly preferred.
- 12+ years of progressive accounting and finance experience, including 5+ years in a leadership role within a commercial-stage life sciences or biotechnology company.
- Deep expertise in U.S. GAAP revenue recognition (ASC 606), and gross-to-net accounting in the pharmaceutical/biotech industry. Experience with inventory accounting (ASC 330) is a plus.
- Demonstrated experience building and managing GTN forecasting models and accounting processes in a launch environment.
- Strong understanding of payer contracting, government pricing, chargebacks, rebates, distribution agreements, returns, and pharmaceutical supply chain operations.
- Experience operating in a SOX-compliant environment and working closely with external auditors.
- Prominent ability to partner cross-functionally across Commercial, Market Access, Government Pricing, Supply Chain, Manufacturing, and FP&A.
- Strong analytical, leadership, and communication skills.
Total Rewards
- Competitive total rewards package reflecting pay-for-performance philosophy.
- Merit-based salary increases, company discretionary short-term incentive plan participation, and company discretionary stock option awards (based on board approval).
- Comprehensive benefits package including medical/dental/vision coverage (100% company paid for employees and 90% company paid for dependents), 401k, ESPP, and wellness programs.
- The expected salary range for the role of Director, Commercial Accounting is $198,000 - $245,000.
- The final salary offered to a successful candidate will depend on several factors including office location, final candidates’ experience within their profession, experience in the disease areas we are striving to make an impact in as a company, length of time within the industry, educational background, and performance during the interview process.
- The Company complies with all laws respecting equal employment opportunities and does not discriminate in hiring or otherwise in employment based on race, color, religion, sex, national origin, age, marital or veteran status, disability, sexual orientation, or any other legally protected status.
Company Policies
- The Company requires that all employees working in its facilities be fully vaccinated (except as required by applicable law).
- This position requires you to be fully vaccinated from COVID-19, subject to reasonable accommodations for medical or religious reasons, and/or as otherwise required by applicable law.
- The Company is an equal opportunity employer.
- In accordance with applicable law, IDEAYA does not discriminate in hiring or otherwise in employment based on race, color, religion, sex, national origin, age, marital or veteran status, disability, sexual orientation, or any other legally protected status.
- IDEAYA is committed to providing reasonable accommodations to qualified individuals with disabilities.