Crinetics is a pharmaceutical company based in San Diego, California, developing much-needed therapies for people with endocrine diseases and endocrine-related tumors. We were founded by a dedicated team of scientists with the simple belief that better therapies developed from rigorous innovation can lead to better lives. Our work continues to make a real difference in the lives of patients. We have a prolific discovery engine and a robust preclinical and clinical development pipeline. We are driven by science with a patient-centric and team-oriented culture. Crinetics is known for its inclusive workplace culture. We are also a dog-friendly workplace. This is an exciting time to join Crinetics as we shape our organization into the world’s premier fully-integrated endocrine company from discovery to patients. Join our team as we transform the lives of others.
Position Summary:
A key leader in Finance, the Commercial Controller owns the responsibilities and relationships related to the toplines of the income statement as Crinetics becomes a commercial company. The Commercial Controller will be responsible in establishing and maintaining a team, processes, systems, policies, and controls related to revenue and inventory accounting and financial reporting. Owning key internal relationships with Market Access, Sales Operations, Commercial IT, Supply Chain, and Manufacturing.
The Commercial Controller must have a keen understanding of the compliance requirements of a public company.
Essential Job Functions and Responsibilities:
These may include but are not limited to:
- Establish and maintain revenue and inventory financial reporting and processes, controls and accounting policies.
- Manage the day-to-day commercial accounting operations including guiding decision making and building a robust financial infrastructure to support the needs of a publicly traded company.
- Work with 3PL vendor(s) to coordinate data gathering to support the accounting and reporting for revenue and inventory.
- Serve as a key partner with internal stakeholders in areas including, but not limited to, Market Access, Commercial Operations, Commercial IT, Supply Chain, and Manufacturing.
- Assess system requirements for the commercial accounting areas in support of organizational growth; systems implementation experience or improvement experience; lead system implementations in commercial accounting areas such as a costing system.
- Actively set, oversee, and optimize commercial accounting processes to optimize effectiveness and minimize risk.
- Drive the preparation of accurate and timely GAAP-based gross margin reporting in aiding quality decision making process.
- Compile and maintain high-quality and organized documentation to support the select disclosures in SEC filings.
- Partner with SEC reporting and SOX compliance team members to design, document, and maintain effective internal controls over the accounting and financial reporting processes to ensure compliance with SOX 404b.
- Support the periodic integrated audits and quarterly reviews with auditors.
- Work with CFO and VP finance to monitor and manage cash inflows.
- Growth mindset, with a focus on continual process improvement. Change agent capable of gaining commitment to action.
- Proactively initiate process improvements to enhance financial reporting and internal control processes.
- Manage commercial accounting team including supervising direct report(s) by providing regular feedback, setting annual goals, completing regular performance feedback evaluations.
- Promote inclusive work environment for team and model inclusive behavior.
- Partner with finance & accounting leaders to identify, hire, and train additional accounting personnel as the company grows.
- Prepare ad-hoc financial reporting and analysis, as well as special projects as needed.
- Other duties as assigned.
Education and Experience:
Required:
- Bachelor’s degree in accounting, economics, or business administration with an accounting/finance emphasis.
- Minimum 15+ years’ work experience with relevant public company accounting and financial reporting; Big Four public accounting experience preferred.
- A minimum of 10 years managing teams.
- A collaborative style with the ability to partner and build trust and accountability across all levels of the organization.
- Experience in biotech, pharmaceutical or medical device industry.
- Experience in establishing commercial accounting readiness in launching a company or product(s).
- Strong knowledge in revenue recognition accounting, inventory costing and valuation, and gross-to-net considerations.
- Strong operating accounting background.
- A goal-oriented team player who thrives on strong performance and results.
- Proven ability to analyze financial data and prepare financial statements.
- Strong communicator with ability to maintain open communication with internal employees, managers and customers as needed.
Physical Demands and Work Environment:
Physical Activities: On a continuous basis, sit at desk for a long period of time; intermittently answer telephone and write or use a keyboard to communicate through written means. Some walking and lifting up to 25 lbs. may be required. The noise level in the work environment is typically low to moderate. The physical demands described above are representative of those that must be met by an employee to successfully perform the essential functions and responsibilities of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions and responsibilities.Laboratory Activities (if applicable): Biology and chemical laboratory environment experience needed.
Environmental health and safety requirements also apply.
Travel:
You may be required to travel for up to 10% of your time.
Equal Opportunity Employer:
Crinetics is proud to be an Equal Opportunity Employer. We provide equal employment opportunities to all employees and employment applicants without regard to unlawful considerations of sex, sexual orientation, gender (including gender identity and/or expression), pregnancy, race, color, creed, national or ethnic origin, citizenship status, religion or similar philosophical beliefs, disability, marital and civil union status, age, genetic information, veteran status or any personal attribute or characteristic that is protected by applicable local, state or federal laws.
Vaccination requirement:
Following extensive monitoring, research, consideration of business implications, and advice from internal and external experts, Crinetics requires that all employees and contractors be fully vaccinated and have received the COVID-19 vaccines as a condition of employment. “Full vaccination” is defined as two weeks after both doses of a two-dose vaccine or two weeks since a single-dose vaccine has been administered. Anyone unable to be vaccinated, either because of a sincerely held religious belief or a medical condition or disability that prevents them from being vaccinated, can request a reasonable accommodation.
Total Compensation:
The final salary offered to a successful candidate will be dependent on several factors that may include but are not limited to the type and length of experience and education. Crinetics Pharmaceuticals is a multi-state employer, and this salary range may not reflect positions that work in other states. Your recruiter can share more about the specific salary range during the hiring process.
Salary RangeThe salary range for this position is: $204,000 - $255,000.
In addition to your base pay, our total rewards program consists of a discretionary annual target bonus, stock options, ESPP, and 401k match. We also provide top-notch health insurance plans for employees (and their families) to include medical, dental, vision and basic life insurance, 20 days of PTO, 10 paid holidays, and a winter company shutdown.
