Senior Director, Commercial Accounting

Cogent Biosciences • Waltham, MA

3h • $250,000 - $270,000 • Onsite

About The Position

Cogent Biosciences is preparing for its first commercial launch and we are seeking a Senior Director, Commercial Accounting to build and lead the Company’s commercial accounting infrastructure. This role will own all aspects of revenue recognition, gross-to-net accounting, inventory and cost of goods accounting, distribution channel accounting, and related SOX controls. The role will partner cross-functionally with Commercial Operations, Market Access, Supply Chain, FP&A, IT, and external vendors. This is a hands-on builder role suited for an experienced biotech leader who has successfully supported a first product launch and designed scalable commercial accounting processes in a lean environment.

Requirements

• Must be able to work in Waltham office two days a week
• 12+ years of progressive accounting experience, with significant biotech/pharma commercial exposure required
• Demonstrated experience supporting at least one successful first product launch
• Deep expertise in gross-to-net accounting and revenue recognition
• Experience designing commercial accounting processes in a lean or growth-stage environment
• Strong knowledge of distribution models (specialty pharmacy, specialty distributor, 3PL)
• Experience interfacing with external auditors in a public company environment

Nice To Haves

• CPA preferred

Responsibilities

• Own revenue recognition under ASC 606
• Design and implement gross-to-net reserve methodology, including: Commercial and government rebates, Chargebacks, Copay assistance programs, Distribution service fees, Returns and other variable consideration
• Develop monthly close processes for revenue and GTN
• Establish data flows with 3PLs, specialty distributors, and specialty pharmacies
• Partner with FP&A to ensure alignment between forecast assumptions and accounting estimates
• Oversee accounting for inventory in the channel
• Implement chargeback validation and reconciliation processes
• Establish returns reserve modeling and controls
• Ensure compliance with distribution and service agreements
• Oversee cost accounting related to externally manufactured product (CMO model)
• Supervise accounting for inventory (raw materials, WIP, finished goods)
• Ensure appropriate capitalization, standard costing, and variance analysis
• Lead inventory controls in coordination with Supply Chain and 3PL partners
• Partner with external government pricing vendors
• Ensure accounting implications of Medicaid, 340B, and Medicare Part D programs are appropriately reflected in reserves
• Monitor true-ups and estimate refinements
• Lead design and implementation of commercial accounting processes within ERP
• Establish SOX-compliant internal controls prior to launch
• Serve as primary commercial accounting contact for external auditors
• Ensure readiness for first commercial audit cycle
• Directly manage one direct report (to be hired) responsible for inventory and cost accounting
• Leverage cross-functional resources
• Build scalable infrastructure to support future pipeline expansion

Benefits

• At Cogent Biosciences, we offer a competitive salary, bonus, and ongoing stock awards, alongside a benefits package that sets us apart.
• We cover 100% of medical, dental, and vision premiums for you and your family, and help reduce out-of-pocket costs by funding up to 75% of in-network deductibles.
• Our benefits also include a 401(k) match with immediate vesting, generous paid time off, 12 weeks of fully paid parental leave, paid family and medical leave for all employees regardless of location, and company-paid short-term disability coverage for up to 20 weeks.
• Additional perks like wellness programs, tuition reimbursement, and inclusive family-forming support help you thrive at work and beyond.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Education Level: No Education Listed