Senior Manager, Cost Accounting

Iovance Biotherapeutics, Inc.; Philadelphia (Philadelphia County); On-site; USD 120,000 - 180,000; Full time

Job summary

Iovance Biotherapeutics, Inc. is seeking a Senior Manager, Cost Accounting to oversee cost of goods sold, inventory costing and BOM analysis within the Cell Therapy Manufacturing Center. You will lead monthly close, prepare financial statements and drive cost insights for the CFO and SVP Finance.

The role partners with Manufacturing Finance, Corporate Accounting and FP&A, supports SOX compliance, forecasts, budgets, and audit deliverables while developing a small team of two cost accountants.

Qualifications

• BA or BS in Accounting.
• 9+ years of progressive accounting with cost accounting focus; biopharma and CPA/Big 4 preferred.
• Strong GAAP and financial accounting knowledge.
• SOX control environment experience; NetSuite a plus.

Responsibilities

• Oversee monthly/quarterly close for general ledger accounts.
• Prepare and analyze financial statements for the Company.
• Own overhead cost pool accumulation and allocation/absorption.
• Ensure timely monthly/quarterly cost accounting close for inventory and COGS.
• Oversee inventory physical counts and reserves with operations.
• Support SOX compliance and audit readiness for inventory and COGS.
• Assist forecast/budget process with inputs on volumes and costs.
• Support FP&A with monthly/quarterly financial reviews.
• Lead and develop a team of two Cost Accounting professionals.
• Adhere to core values, policies and business ethics.

Skills

GAAP knowledge

Cost accounting

Forecasting

Interpersonal communication

Partnership building

Leadership

Analytical thinking

Strong work ethic

Communication skills

Education

BA/BS in Accounting

CPA certification

Big 4 experience (preferred)

Tools

NetSuite

Job description

Overview

Iovance Biotherapeutics aims to be the global leader in innovating, developing and delivering tumor infiltrating lymphocyte (TIL) therapy for people with cancer. We are pioneering a transformational approach to treating cancer by harnessing the ability of the human immune system to recognize and attack diverse cancer cells in each patient. The Iovance TIL platform has demonstrated promising clinical data across multiple solid tumors. We are committed to continuous innovation in cell therapy, including gene-edited cell therapy, which may be a promising option for patients with cancer.

This position is integral to the continued and planned future growth of Iovance Biotherapeutics’ Cell Therapy Manufacturing Center and capabilities. The Senior Manager, Cost Accounting is responsible for overseeing cost accounting (including cost of goods sold, bill of materials and inventory costing. The Senior Manager provides reporting and analysis to the corporate finance and accounting team, including the SVP, Finance and CFO, to support the strategic and operational planning. The Senior manager works with Manufacturing Finance, Corporate Accounting and Corporate FP&A teams to support the monthly close processes and quarterly external financial reporting as well as to assure strong linkage of data reported and budgeted results.

Essential Functions and Responsibilities

• Oversee monthly/quarterly close process for general ledger accounts.
• Prepare & analyze financial statements for the Company
• Ownership of overhead cost pool accumulation and allocation/absorption, as well as analysis of related costs and results.
• Ensure and coordinate timely monthly and quarterly cost accounting close activities for inventory and cost of sales, including reconciliations and review of reconciliations where appropriate, including generating journal entries where appropriate.
• Oversee quarterly and year-end physical inventory process with the operations team.
• Coordinate calculation and recording of appropriate inventory reserves working with operations team.
• Collaborate with Internal Audit with the ownership and execution of Sarbanes-Oxley compliance for inventory and cost of sales, as well as ongoing reviews for potential enhancements and improvements.
• Support the forecast and budget process with timely inputs related to product volumes, purchases, expected overhead pool, costs per unit and cost of sales.
• Analysis of manufacturing organization spending, as well as support of the forecast process, and support of the FP&A organization in the preparation of materials for the monthly and quarterly financial review meetings.
• Prepare monthly and quarterly PBC schedules to support the audit and interim reviews, including working with audit firm on deliverables and related questions
• Proactively identify and analyze opportunities to improve results and facility processes.
• Support any internal and external financial audits.
• Directly supervise and develop a team of two Cost Accounting professionals, providing leadership, guidance, and mentorship to drive performance, support professional growth, and ensure alignment with departmental and organizational objectives.
• Must adhere to Iovance Biotherapeutics’ core values, policies, procedures, and business ethics.

Required Education, Skills, and Knowledge

• BA or BS in Accounting
• 9+ years of progressive experience in accounting with cost accounting focus, biopharmaceutical industry, CPA and Big 4 experience is strongly preferred.
• In-depth cost accounting knowledge and experience
• Strong understanding of GAAP and financial accounting
• Experience operating within a Sarbanes-Oxley control environment.
• NetSuite experience is a plus.
• Strong forecasting & analytical skills
• Advanced Microsoft Excel, Word and PowerPoint skills
• Excellent interpersonal and communication skills, with the ability to communicate developed strategies and analysis clearly and effectively.
• Ability to build partnerships across functions.
• Detail oriented with insight to determine applicability of big picture.
• Proactive problem solver, expected to present problems and recommendations.
• Strong work ethic and demonstrated ability to independently prioritize workload based on organizational needs/demands. Operates with a sense of urgency, as appropriate.

The physical demands described here represent those that an employee must meet to perform the essential functions of this job successfully. Reasonable accommodations may be made upon request to enable individuals to perform essential functions. Please contact Human Resources to request an accommodation.

Physical Demands and Activities Required

• Must be able to remain in a stationary position standing or sitting for prolonged periods of time.
• Must be able to move about inside an office and exert up to 10 pounds of force occasionally or a negligible amount of force frequently or constantly to lift, carry, push, pull, or otherwise move objects.
• Must have visual acuity to perform activities such as: preparing and analyzing data and figures, viewing a computer screen, and extensive reading.
• This position requires repetitive motion, substantial movements (motions) of the wrist, hands, and/or fingers.
• Must be able to communicate with others to exchange information.

Mental

Clear and conceptual thinking ability; excellent judgment, troubleshooting, problem-solving, analysis, and discretion; ability to handle work-related stress; ability to handle multiple priorities simultaneously; and ability to meet deadlines

This job works in a professional office environment and a manufacturing lab setting. Potential exposure to latex, bleach, loud noise, lab equipment hazards, strong odors, and chemical/biochemical is possible. Requires operating standard office equipment and keyboards.