Director, Commercial Accounting
BioSpace · South San Francisco, CA · 1 mo ago
Accounting$198k–$245k/yrFull-time
About the role
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. 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.
Responsibilities
- 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.
- Support implementation and optimization of ERP systems and revenue/cost accounting modules to enable scalable commercial operations.
- 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.
- Proven ability to partner cross-functionally across Commercial, Market Access, Government Pricing, Supply Chain, Manufacturing, and FP&A.
- Strong analytical, leadership, and communication skills.