Senior Director, Revenue and Cost Accounting
Redwood City, United States · Full-time
- Posted 1mo ago
- From Corcept Therapeutics’s careers page
- Location
- Redwood City, United States
- Type
- Full-time
- Level
- Senior
- Experience
- 15+ years
- Department
- Finance and Accounting
Apply on Corcept Therapeutics’s site
Opens the listing on corcept.com
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About the role
Responsibilities:
Revenue
- Own and lead the end-to-end revenue close process in accordance with GAAP, ensuring accuracy, compliance, and integrity of all revenue-related financial data
- Oversee and approve journal entries, gross-to-net adjustments, and accounts receivable reconciliations
- Review mid-month revenue reporting and supporting documentation for SEC Reporting
- Drive automation and system enhancements within NetSuite to streamline revenue and AR-related transactions and reporting
- Oversee processing and validation of gross-to-net payments, including government rebates, prompt pay discounts, service fees, and other deductions
- Review and ensure accuracy of all government pricing calculations (e.g., NFAMP, AMP verification, PHS pricing) in alignment with regulatory requirements
- Review of government-related contracts, such as VA contract
- Maintain and strengthen strategic partnerships with 3PL providers and government pricing vendors to support efficient and compliant operations
- Lead revenue-related workstreams for new product launches across U.S. and international markets, ensuring scalable processes are in place from day one
- Collaborate with specialty pharmacies and 3PL partners to define reporting requirements, data flows, and business logic to ensure accurate, timely, and consistent revenue recognition and reporting
Cost Accounting
- Oversee full cycle inventory accounting, which includes manufacturing accruals, E&O, and ST/LT analysis, inventory reconciliation, and physical inventory count
- Review timely and accurate reports and analyses of inventory balances and COGs
- Ensure accurate product cost data is maintained across accounting and financial planning systems to support monthly close and reconciliation processes
- Review analysis and support for manufacturing budgets and forecasts, and cost models for future products
- Oversee quarterly overhead allocation reviews to ensure accuracy and alignment with operational activity
- Serve as a strategic finance partner to the Manufacturing team, providing recommendations to improve cost transparency, support cost-reduction strategies, and enhance operational decision-making
- Actively participate in supplier meetings to understand key cost drivers and contribute to sourcing and production discussions with financial insights
- Continue to identify opportunities to streamline the cost accounting process, including evaluating standard costing and system automation opportunities to improve efficiency, accuracy, and scalability
General
- Provide strategic oversight and leadership in the preparation and support of all internal and external audits, including ensuring full compliance with Sarbanes-Oxley (SOX) Section 404
- Lead the development, implementation, and governance of accounting policies and procedures appropriate for a publicly traded company with both commercial and R&D operations
- Provide guidance and subject matter expertise to support the technical accounting team in researching complex accounting issues and preparing technical memos and business process documentation
- Build, lead, and develop a high-performing accounting team, providing coaching, mentorship, and career development opportunities across varying levels of experience
- Drive execution of cross-functional initiatives and special projects, ensuring alignment with corporate objectives and compliance requirements
- Uphold Corcept’s Key Principles by driving collaboration, embracing possibilities, following the data, and leading by doing, ensuring all initiatives align with the Company’s ethics and patient-first principles.
Preferred Skills, Qualifications and Technical Proficiencies:
- Requires a Bachelor’s degree in Accounting or Finance
- At least 15+ years of relevant work experience in accounting management
- Experience in biotech/pharmaceutical environment is required
- CPA with Big 4 experience is a strong plus
- Knowledge of/exposure to Netsuite accounting system is a strong plus
Preferred Education and Experience:
- Deep expertise in U.S. GAAP with the ability to interpret and apply complex accounting standards and conduct high-level financial analysis
- Strong attention to detail with exceptional organizational and execution skills
- Proven ability to manage multiple priorities in a deadline-driven environment
- Demonstrates sound judgment and operates effectively with a high degree of autonomy and accountability
- Strong leadership presence with a track record of building cross-functional relationships and influencing at all levels
- Excellent communication and interpersonal skills, with the ability to convey complex financial information clearly and effectively
- Proficiency in Microsoft Office Suite, particularly Excel, and experience working with financial systems and tools
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About Corcept Therapeutics
Cortisol modulation therapies for serious diseasesCorcept Therapeutics develops medicines that modulate cortisol activity and conducts research into treatments for serious diseases.
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