Mineralys Therapeutics - Manager, Commercial Accounting
Requirements
• Bachelor's degree in Accounting or Finance. CPA preferred. • 8+ years of progressive accounting experience, including experience in supporting commercial accounting activities in the biotechnology, pharmaceutical or life sciences industry. • Strong understanding of US GAAP, including ASC 606 revenue recognition, gross-to-net, inventory and cost of goods sold accounting • Strong understanding of pharmaceutical order-to-cash processes and related accounting activities, including accounts receivable, deductions, customer reconciliations. • Experience supporting inventory accounting in a commercial-stage biotechnology, pharmaceutical, or life sciences company. • Experience working with third-party logistics providers (3PLs), wholesalers, and other commercial service providers. • Experience with month-end close, account reconciliations, and financial reporting. • Experience with NetSuite or other large ERP systems. • Advanced Microsoft Excel skills. • Preferred • Public accounting experience and/or publicly traded company experience • Experience supporting SOX compliance and internal controls. • Excellent analytical, problem-solving, and critical-thinking skills. • Strong attention to detail and ability to manage multiple priorities. • Effective communication and cross-functional collaboration skills. • Proven ability to work independently in a fast-paced, dynamic environment. • Continuous improvement mindset with a focus on scalability, automation, and operational excellence. • Travel • This position requires up to 10% travel. Frequently travel is outside the local area and overnight.
Responsibilities
• Revenue Accounting & Month-End Close • Manage the monthly close process related to product revenue, gross-to-net reserves, accounts receivable, and related commercial accounting activities. • Prepare and review journal entries, account reconciliations, and supporting schedules for revenue-related accounts. • Ensure revenue recognition is recorded in accordance with ASC 606. • Maintain accurate documentation supporting revenue accounting conclusions and estimates. • Inventory & Cost Accounting • Manage monthly close activities related to inventory and cost of goods sold. • Oversee inventory accounting activities, including inventory valuation, inventory reserves, inventory reconciliations, and related accounting analyses. • Review inventory reports and activity received from third-party logistics providers (3PLs) and ensure accurate recording of inventory transactions. • Monitor inventory movements, adjustments, write-offs, product returns, and related reserve calculations. • Partner with Trade and Distribution, CMC, and external partners to investigate and resolve inventory discrepancies. • Support physical inventory count procedures and related reconciliations performed by third-party providers. • Gross-to-Net Accounting • Prepare and maintain gross-to-net reserve calculations, including rebates, chargebacks, returns, prompt pay discounts, distribution service fees, copay assistance programs, and other commercial deductions. • Collaborate with Market Access, Government Pricing, and Commercial teams to ensure accurate reserve methodologies and assumptions. • Perform periodic actual-to-estimate analyses and recommend adjustments to reserve methodologies as needed. • Accounts Receivable & Order-to-Cash • Serve as the primary accounting liaison with third-party logistics providers (3PLs), distributors, and other commercial partners, ensuring timely and accurate transaction processing and reporting. • Oversee third-party managed order-to-cash activities, including product sales, invoicing, collections, cash applications, deductions, and dispute resolution. • Ensure timely reconciliation of accounts receivable balances, including oversight of information received from 3PLs and commercial partners. • Review customer balances, aging reports, collection activities, and related reporting provided by commercial partners and third-party service providers. • Support the evaluation of customer credit risk, credit limits, and related mitigation strategies in coordination with commercial and finance leadership. • Commercial and Launch Support • Partner with Market Access, CMC and Trade & Distribution teams to support commercialization initiatives and product launches. • Assist in the design and implementation of processes and controls supporting new distribution channels, customer programs, and launch activities. • Support contract reviews and assess accounting implications of commercial arrangements. • Financial Reporting & Compliance • Prepare schedules and analyses supporting quarterly and annual financial reporting requirements. • Assist with external audits and regulatory reporting requirements. • Develop and maintain policies, procedures, and accounting documentation related to revenue accounting. • Support SOX compliance efforts, including control execution, documentation, and remediation activities. • Process Improvement & Systems • Identify opportunities to improve efficiency, automation, reporting, and data analytics across the revenue accounting cycle. • Participate in ERP implementation, system enhancements, and integration projects. • Leadership & People Management • manage, mentor, and develop team member while fostering accountability, collaboration, and professional growth.
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