Position SummaryThe 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
- Ensure alignment between internal teams and external partners on data inputs, assumptions, and reporting outputs
- Partner with Market Access and Commercial teams as well as external consultants to analyze trends and refine GTN assumptions and projections
- Oversee monthly, quarterly, and annual revenue close processes, including journal entries, reconciliations, and analytics
- Oversee all aspects of inventory accounting, including raw materials, work-in-process (WIP), and finished goods
- Ensure accurate and timely monthly, quarterly, and annual close processes related to inventory and cost of goods sold (COGS)
- Maintain compliance with U.S. GAAP, including inventory costing, variance analysis, and inventory reserves (e.g., excess and obsolete assessments)
- 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
- Ensure compliance with SOX 404 requirements, including design and execution of internal controls over revenue and inventory
- 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
- Proven ability to operate in a fast-paced, commercial-stage environment
- Strong leadership, communication, and cross-functional collaboration skills
- Ability to influence cross-functional stakeholders
- 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
Experience- 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
- Experience in product launches and global expansion, strongly preferred
- Experience supporting SEC reporting (10-K, 10-Q)
- Strong previous CMC experience working closely with manufacturing teams within the biotechnology/pharmaceutical industry
- Proven experience managing external consultants or outsourced service providers, preferably in GTN
- Modeling of Bill of Materials and inventory forecasting experience
Benefit Statement:
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. Geron recognizes that its employees work in many different states and therefore may be affected by different laws. It is Geron's intention to comply with all applicable federal, state, and local laws that apply to the Company's employees.
Salary Statement:
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
