Accounting Manager, Operations
Ardelyx is a publicly-traded commercial biopharmaceutical company founded with a mission to discover, develop and commercialize innovative first-in-class medicines that meet significant unmet medical needs. Ardelyx’s first approved product for the treatment of irritable bowel syndrome with constipation (IBS-C) is available in the United States and Canada. Ardelyx is developing XPHOZAH® (tenapanor), a novel product candidate to control serum phosphorus in adult patients with CKD on dialysis, which has completed three successful Phase 3 trials.
Accounting Manager, Operations
Purpose of the role:
In this role you will contribute to the general ledger accounting functions/processes, including accruals for outside manufacturing providers, inventory accounting, and other account reconciliations. It is an exciting time at Ardelyx as we have launched our first drug earlier this year, and hope to launch our second in 2023. You will play a key role in the evolution of our processes for inventory and production accounting and other firsts as we continue to grow and evolve as a company.
We are looking for a highly capable, responsible, results-oriented individual who will exercise independent problem-solving skills. The Accounting Manager will be highly organized, experienced in account analysis and reconciliations and have prior experience accounting for inventory and production. They will have a broad-based understanding of monthly close processes in support of an accurate, timely earnings release and SEC filings in a public company setting operating in a SOX compliant environment.
Position Responsibilities:
- Partner with internal supply chain management team to ensure timely and accurate monthly closing of inventory accounts and records including accounting for all production activities.
- Prepare monthly accruals for the manufacturing departments
- Determine and apply overhead rates to inventory, monitor adequacy of overhead rates and adjust the rates as necessary
- Prepare, and once automated, review accounting for cost of goods sold and other product cost related items such as the cost of samples
- Prepare excess and obsolete inventory analysis
- Evaluate and recognize adjustments as necessary and prepare margin analysis as appropriate. Manage inventory accounting and valuation
- Coordinate closely with FP&A to support planning and forecasting related to production, product costs and inventory
- Accounting for certain prepaid and accrual accounts
- Prepare accurate journal entries and general ledger account reconciliations on a timely basis for several general ledger accounts. Specific account responsibilities may shift over time depending on needs, capabilities, and your interests as we continue to grow and evolve over time.
- Responsible for the timely and accurate review and posting of month end close Accounting transactions
- Execute the monthly-close process and preparation of monthly financial reporting packages for management review
- Balance sheet and P&L account analysis, review, reconciliation & resolution
- Consistently maintain appropriate internal controls and uphold company policies & procedures
- Interact successfully with internal and external auditors and support interim and year-end audits by providing timely & accurate data and communication
- Represent Finance in the implementation of the NetSuite Supply Chain, including cost accounting, and Procure to Pay modules
- Assist in the Company’s external financial reporting process, including quarterly and annual reporting (Form 10-Q and Form 10-K), other SEC filings and other financial reporting as required
- Prepare supporting schedules and documentation for SEC filings
- Assist with updating controls including assessing any control gaps and changes in processes
- Adhoc Accounting analysis schedules and reconciliations as requested
Position Requirements:
- Bachelor’s degree in accounting or related discipline, CPA is a plus
- Minimum 8 years of related accounting and finance experience in a public company, preferably with biotech industry experience and a focus in inventory
- Strong systems skills including systems implementation experience. Prior experience utilizing systems to improve efficiency and accuracy of financial results. Experience with NetSuite or a major ERP, Commercial Banking platforms, ACH/Positive Pay, Paylocity or a major Payroll system
- Superior attention to detail and strong organizational skills; strong process improvement and problem-solving skills
- Picks up topics, moves them forward and achieves results with a hands-on approach, intellectual astuteness, and a way of working which is solution-oriented and pragmatic
- Seeks out new ideas, sees innovation and reforms as a chance to actively shape change
- Strong Excel expertise
- Experience in SOX compliance requirements
- Approaches contacts in a collegial way and quickly builds up stable professional relationships
- Characterized by very strong communication skills
- Ability to work in a team environment and clearly communicate deviating standpoints with respect
- Demonstrated ability to work independently and embrace progressive change
Ardelyx currently maintains a policy requiring all employees to be fully vaccinated against COVID-19 in accordance with CDC guidelines. Newly hired employees must be fully vaccinated prior to their employment start date.
Ardelyx is an equal opportunity employer and will provide reasonable accommodations for those unable to be vaccinated who qualify for exemption in accordance with applicable law.