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Corcept Therapeutics

Senior Director, Revenue and Cost Accounting

Posted 2 Months Ago
Be an Early Applicant
In-Office
Redwood City, CA, USA
265K-312K Annually
Senior level
In-Office
Redwood City, CA, USA
265K-312K Annually
Senior level
Oversee revenue and cost accounting for the Endocrinology and Oncology divisions, including revenue close, gross-to-net adjustments, inventory accounting, government pricing, audits, SOX compliance, and accounting policies. Lead automation and system enhancements, partner with manufacturing and external providers, support product launches, and manage a high-performing accounting team. Ensure accurate GAAP reporting, financial analysis, operational decision-making, and compliance for a publicly traded biotech company.
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For more than 25 years, Corcept has been singularly focused on the science of cortisol, a powerful hormone that when unregulated, can play a role in a broad range of diseases.

Our commercial portfolio includes treatments for hypercortisolism and oncology, and the company has discovered more than 1,000 proprietary selective cortisol modulators and glucocorticoid receptor antagonists. With advanced clinical trials in patients with hypercortisolism, solid tumors, ALS and liver disease, Corcept is unlocking the power of cortisol modulation to help address some of the most devastating diseases patients face today. 

Corcept is headquartered in Redwood City, California. To learn more, visit www.corcept.com.

This position is designed for an accounting professional with relevant experience, preferably in the biotech/pharmaceutical environment. This person oversees revenue and cost accounting for the Endocrinology and Oncology divisions. This position will report to the VP, Corporate Controller, and will manage a team of experienced accounting professionals.   

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

The pay range that the Company reasonably expects to pay for this headquarters-based position is $265,000 - $312,000; the pay ultimately offered may vary based on legitimate considerations, including geographic location, job-related knowledge, skills, experience, and education.

 Applicants must be currently authorized to work in the United States on a full-time basis.

For information on how Corcept collects, uses, discloses, protects, and otherwise processes personal information and an explanation of the rights and choices available to you with respect to your personal information, please refer to our Privacy Notice link. 

Corcept appreciates the commitment and hard work of all our team members as we strive to discover and develop novel treatments for patients with serious unmet medical needs.

 Please visit our website at: https://www.corcept.com/

Corcept is an Equal Opportunity Employer

Corcept will not conduct interviews via text message or messaging platforms and will not ask you to download anything as part of your interview.  Though we use third-party tools to help with advertising our jobs, please be vigilant in checking that the communication is in fact coming from Corcept.

 

HQ

Corcept Therapeutics Menlo Park, California, USA Office

149 Commonwealth Dr, Menlo Park, CA, United States, 94025

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