Senior Director, Revenue and Cost Accounting
Position Summary
The Senior Director of Revenue and Cost Accounting will play a critical role in scaling processes, strengthening internal controls, and supporting the Company’s continued commercial growth. This position will have periodic meetings in the Parsippany, NJ headquarters and will be reporting to the Vice President, Finance, Controller, and Chief Accounting Officer.
Primary Responsibilities
Lead the end-to-end revenue accounting process, including product sales, licensing, and collaboration arrangements, as applicable
Ensure accurate application of ASC 606 across all revenue streams
Oversee gross-to-net (GTN) estimates, including rebates, chargebacks, returns, copay assistance, and distribution fees
Oversee and manage external G2N consultants, including scope definition and deliverables, review and challenge of assumptions and methodologies, performance monitoring, and cost management
Partner with Market Access and Commercial teams as well as external consultants to analyze trends and refine GTN assumptions and projections
Own average cost development, updates, and variance analysis across products and manufacturing sites
Partner with Manufacturing & Supply Chain to analyze cost drivers and improve gross margins
Support procurement, forecasting, and budgeting processes related to inventory and COGS
Make final decisions on cost accounting implementations and drive continuous improvement initiatives
Own compliance with U.S. GAAP, including inventory costing, variance analysis, and inventory reserves (e.g., excess and obsolete assessments)
Maintain robust documentation of accounting policies and procedures
Competencies
Deep expertise in ASC 606 and GTN accounting, as well as inventory and COGS accounting, in a commercial environment
Advanced proficiency in financial systems (NetSuite, SAP, Oracle or similar) and Excel
Strong knowledge of SOX compliance and internal controls
Deep expertise in manufacturing cost accounting, including weighted average costing, inventory accounting, and cost forecasting
Ability to work with external auditors and internal SOX teams
Exceptional written and verbal communication skills
Pioneering ability to operate in a fast-paced, commercial-stage environment
Strong leadership, communication, and cross-functional collaboration skills
Strategic thinking skills with strong technical accounting expertise
Attention to detail and commitment to accuracy
Process-oriented with a continuous improvement mindset
Strong analytical and problem-solving skills
Qualifications
Bachelor's degree in Accounting or Finance-related field; CPA strongly preferred
12 years of progressive accounting experience, with significant focus on revenue recognition and inventory costing
Prior experience in a public company and life sciences/biotech or pharmaceutical industry required
Prior experience in product launches and global expansion, strongly preferred
Experience supporting SEC reporting (10-K, 10-Q)
Proven experience managing external consultants or outsourced service providers, preferably in GTN
Modeling of Bill of Materials and inventory forecasting experience
Benefits
All regular-status, full-time employees of Geron are eligible to participate in the Company’s comprehensive benefit program, pursuant to plan terms and conditions. Plan choices include medical, dental, vision, life insurance, flexible spending accounts, disability insurance, supplemental health insurance, a 401(k) retirement savings plan, and an employee stock purchase plan. Geron also provides regular-status, full-time employees with a generous time off program that includes the eligibility to accrue 160 hours of vacation during each full year of employment, 64 hours of sick leave, 9 standard paid holiday days off, and paid leave for certain life events.
Schedule
This position will have periodic meetings in the Parsippany, NJ headquarters.
Pay
Offered compensation is determined based on market data, internal equity, and an applicant’s relevant skills, experience, and educational background. General Salary Range: $235,000 to $260,000