Associate Director, Inventory & Cost Accounting

Crinetics is a pharmaceutical company based in San Diego, California, developing much-needed therapies for people with endocrine diseases and endocrine-related tumors. We were founded by a dedicated team of scientists with the simple belief that better therapies developed from rigorous innovation can lead to better lives. Our work continues to make a real difference in the lives of patients. We have a prolific discovery engine and a robust preclinical and clinical development pipeline. We are driven by science with a patient-centric and team-oriented culture. Crinetics is known for its inclusive workplace culture. We are also a dog-friendly workplace. This is an exciting time to join Crinetics as we shape our organization into the world’s premier fully integrated endocrine company from discovery to patients. Join our team as we transform the lives of others.

Position Summary:

Reporting to the Senior Director of Commercial Accounting, the Associate Director, Inventory and Cost Accounting (“AD Inventory”) is a new role within the Finance organization to aid the build out of accounting policies, accounting operations, and internal controls in all aspects of the inventory and costing cycle. The AD Inventory is expected to be the subject matter expert in all aspects of the costing process (including extensive and robust understanding of the standard cost model), inventory valuation, physical inventory, variance analysis, and inventory technical accounting. In the near term, the AD Inventory must be hands-on and do detailed work pertaining to month-end close activities and contribute to controls documentation, including authoring narratives, process risks assessment, and internal control design. The AD Inventory is expected to recruit others and manage a team in the future.

Essential Job Functions and Responsibilities:

These may include but are not limited to:

• Lead in the design and implementation of the inventory and costing processes and internal controls over financial reporting without unnecessary complexities.
• Assess system requirements for the inventory and costing areas in support of organizational growth; lead system implementations, updates, or improvements.
• Act as the subject matter expert in various inventory accounting and reporting matters such as standard cost setting, standard cost model, variance analysis, physical inventory planning and execution, and inventory valuation and reserves.
• Serve as a key partner with internal stakeholders in areas including, but not limited to, Financial Planning & Analysis, Supply Chain, Manufacturing, Quality, and other technical operations teams.
• Contribute as a key partner in the standard cost setting process at least annually.
• Prepare, own, and maintain inventory accounting policies in connection with the Technical Accounting team.
• Lead and prepare period-end financial reporting activities associated with all aspects of inventory accounts, variance analysis, valuation, and physical inventory.
• Collaborate and contribute to the preparation of periodic reporting of GAAP gross margin to internal stakeholders.
• Own and prepare internal control documentation in the inventory costing process and subprocesses.
• Work with 3PL vendor(s) and contract manufacturing organizations (CMOs) to coordinate data gathering to support the accounting and reporting of inventory.
• Assist in providing data to support the select disclosures in SEC filings such as zero-cost inventory estimate and inventory balances.
• Actively seeking opportunities to design and improve processes.
• Support the periodic integrated audits and quarterly reviews with auditors.
• Prepare ad-hoc financial reporting and analysis, as well as special projects as needed.
• In the future, recruit, manage, and develop an inventory accounting team.
• Other related duties as assigned.

Education and Experience:

Required:

• Bachelor’s degree in accounting or an equivalent business administration area
• 10 years of relevant and progressive experience
• 7 years of managing teams
• Experienced in commercialized therapeutic biotechnology companies
• Strong knowledge of inventory accounting processes, including valuation, physical inventory, manufacturing and costing, and standard cost accounting convention.

Preferred:

• Public accounting experience
• Certified public accountant (CPA)

Physical Demands and Work Environment:

Physical Activities: On a continuous basis, sit at desk for a long period of time; intermittently answer telephone and write or use a keyboard to communicate through written means. Some walking and lifting up to 25 lbs. may be required. The noise level in the work environment is typically low to moderate. The physical demands described above are representative of those that must be met by an employee to successfully perform the essential functions and responsibilities of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions and responsibilities.

Laboratory Activities (if applicable): Biology and chemical laboratory environment experience needed. Environmental health and safety requirements also apply.

Travel:

You may be required to travel for up to 5% of your time.

Equal Opportunity Employer:

Crinetics is proud to be an Equal Opportunity Employer. We provide equal employment opportunities to all employees and employment applicants without regard to unlawful considerations of sex, sexual orientation, gender (including gender identity and/or expression), pregnancy, race, color, creed, national or ethnic origin, citizenship status, religion or similar philosophical beliefs, disability, marital and civil union status, age, genetic information, veteran status or any personal attribute or characteristic that is protected by applicable local, state or federal laws.

Total Compensation:

The final salary offered to a successful candidate will be dependent on several factors that may include but are not limited to the type and length of experience and education. Crinetics Pharmaceuticals is a multi-state employer, and this salary range may not reflect positions that work in other states. Your recruiter can share more about the specific salary range during the hiring process.

Salary Range

The salary range for this position is: $144,000 - $180,000.

In addition to your base pay, our total rewards program consists of a discretionary annual target bonus, stock options, ESPP, and 401k match. We also provide top-notch health insurance plans for employees (and their families) to include medical, dental, vision and basic life insurance, 20 days of PTO, 10 paid holidays, and a winter company shutdown.