Sr. Manager, Cost Accounting

Cogent Biosciences•Waltham, MA

1d•$145,000 - $165,000•Onsite

About The Position

Cogent Biosciences is preparing for its first commercial launch and is seeking a Senior Manager, Cost Accounting to build and maintain the inventory and cost of goods sold processes. This role is responsible for ensuring accurate product costing, inventory valuation, variance analysis, and financial reporting in compliance with U.S. GAAP. This is a hands-on builder role suited for an experienced accountant with an expertise in pharmaceutical industry accounting practices, standard costing methodologies, inventory controls, and designing scalable accounting processes. This position reports to the Commercial Accounting Leader and will partner closely with Supply Chain, FP&A, Quality, Technical Operations, external vendors, and senior finance leadership to support the Company's transition to a commercial-stage organization.

Requirements

Bachelor’s Degree in Finance or Accounting, required
6+ years of progressive accounting experience, with significant inventory and cost accounting responsibility within a biotech or pharmaceutical manufacturing environment
Biotech/pharmaceutical industry experience, required
Deep expertise in manufacturing operations (raw material, drug substance, drug product, packaging, & finished goods), inventory, and cost accounting, and the applicable U.S. GAAP requirements in those areas
Strong understanding of SOX controls, design, and implementation, and experience supporting audits and internal control environments
Excellent interpersonal and communication skills with the ability to interact effectively across all organizational levels as well as external vendors
Demonstrated history of successfully managing multiple tasks with the ability to prioritize appropriately and meet deadlines
Excellent analytical problem-solving skills and highly proficient in Excel-based modeling

Nice To Haves

CPA and/or CMA strongly preferred
Experience with Netsuite ERP, a plus

Responsibilities

Develop, implement, and maintain standard cost accounting policy & processes, including performing periodic analyses in support of our standard cost model and the regular investigation, resolution, and reporting of actual-to-standard variances
Partner closely with Supply Chain, Quality, and FP&A teams to establish and maintain accurate product costing methodologies
Manage accounting processes related to all stages of inventory (raw materials, WIP, finished goods) and ensure appropriate capitalization, standard costing, and variance analyses
Complete inventory/cost accounting for month end financial close: enter journal entries, prepare account reconciliations, and provide inventory flux analysis/reporting related to external manufactured product (CMO model) to comply with U.S. GAAP
Establish inventory controls and flow charts in coordination with Supply Chain and 3PL partners; align with internal and external auditors on appropriate SOX documentation
Manage inventory reconciliations, cycle count programs, physical inventory counts, and inventory reserve analyses to ensure internal controls are functioning as designed
Track and monitor inventory movement, capitalization, and reserves (including excess and obsolete inventory), working directly with external vendors to ensure accurate monthly reports
Collaborate with the FP&A team to understand gross margin and inventory trends, and provide timely and insightful financial analysis of costs and margins to support budgeting, forecasting, and financial modeling related to manufacturing and inventory costs
Provide financial analysis and operational insights regarding inventory performance, margin analysis, and supply chain efficiency to support strategic decision making
Develop cost estimates for potential new products and projects in conjunction with the FP&A and Supply Chain teams
Drive continuous improvements in inventory accounting processes, ERP system utilization, and reporting