Job description
Senior Cost Reporting Analyst
Who we are:
At Krystal Biotech, Inc., we bring together the brightest and most eager minds to relentlessly pursue the discovery, development and delivery of transformative medicines for people with serious and life-threatening genetic diseases. Founded in 2016, the Company is the leader in redosable gene therapy with prominent clinical and pre-clinical stage programs for dystrophic epidermolysis bullosa, TGM1-deficient ARCI, Netherton Syndrome, Cystic Fibrosis, alpha-1 antitrypsin deficiency, and is advancing research to apply our technology to these and other diseases. The Company’s innovation is fueled by visionary leadership within an entrepreneurial organizational structure with a robust pipeline of investigational medicine.
Our US headquarters is in Pittsburgh, PA with other offices located in Boston, MA and in Zug, Switzerland. For more information about the Company’s platform, commitment to patients and pipeline, please visit http://www.krystalbio.com and engage with us on Twitter and LinkedIn.
We have an exciting journey ahead and a tremendous opportunity for growth, and now is the time to make a meaningful impact on the lives of our patients!
Job Description Summary:
Krystal Biotech, Inc. is seeking a highly motivated Senior Cost Reporting Analyst who will report to the Senior Manager, Operational Accounting. This newly created role in the organization will provide experienced cost accounting and reporting expertise for operations, supply chain, facilities, R&D and manufacturing for a fast-growing company. This role will have a dynamic a range of responsibilities including: preparing and reviewing cost allocations, supporting the month-end reconciliation process of production orders, capitalization and subsequent recognition of cost of goods sold. This role will build out reporting of production order costing and cost of goods sold for internal and external reporting, partnering closely internally with key stakeholders in Finance, CMC operations and Supply Chain. This role will require strong proficiency in excel and understanding of reporting and analysis of operational data, including allocations of overhead expenditures.
Primary Responsibilities:
- Own accounting and reporting for cost of goods sold in accordance with GAAP
- Analyze data to cost out and maintain burden rates and overhead allocations for commercial manufacturing including labor and benefits, depreciation, rent and maintenance
- Prepare journal entries to accurately cost out and allocate overhead expenditures based on manufacturing schedule and production runs
- Design and maintain detailed reporting and analysis of components of production order costs (direct vs. indirect) and cost of goods sold for internal operational reporting and external SEC financial reporting disclosures
- Understand allocation methodology and underlying data (i.e. time entry, production runs) to classify costs accurately and allocate appropriately across products
- Demonstrate critical thinking to enhance existing manual processes driven by future growth and expansion
- Complete reconciliation and variance analysis to support month-end general ledger close and quarterly SEC reporting processes and timelines
- Support SOX compliance policies
Requirements and Preferred Qualifications:
- Bachelor’s degree in Accounting or equivalent and minimum of 3-5 years of experience
- Knowledge of GAAP, SEC reporting and SOX compliance requirements
- Strong proficiency with Microsoft Excel along with Microsoft Office suite platform required
- Previous manufacturing or cost accounting and reporting experience preferred
- Usage of Microsoft Dynamics 365 or similar ERP strongly desired
- CPA, CMA, MBA or advanced degree preferred
- Understanding of GAAP
- Eager to learn and develop wide-ranging skills and process knowledge
- Excellent verbal and written communication skills
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