Manager, Commercial Accounting

Madrigal is a biopharmaceutical company focused on delivering novel therapeutics for metabolic dysfunction-associated steatohepatitis (MASH) a serious liver disease that can progress to cirrhosis liver failure need for liver transplantation and premature mortality. Every member of our Madrigal team is connected by our shared purpose: leading the fight against MASH.

Madrigals medication Rezdiffra (resmetirom) is a once-daily oral liver-directed THR-β agonist designed to target key underlying causes of MASH. Rezdiffra is the first and only medication approved by both the FDA and European Commission for the treatment of MASH with moderate to advanced fibrosis (F2 to F3). An ongoing Phase 3 outcomes trial is evaluating Rezdiffra for the treatment of compensated MASH cirrhosis (F4c).

Our success is driven by our people. We are building a dynamic inclusive and high-performing culture that values scientific excellence operational rigor and collaboration. To support our continued growth we are strengthening our workforce strategy to ensure we have the right talent at the right time in the right way.

Job Title: Manager Commercial Accounting

Location: Hybrid from either - Waltham MA or West Conshohocken PA

Job Summary:

We are seeking a skilled Manager Commercial Accounting to join our finance team. The ideal candidate will have experience in biotech pharmaceutical or life sciences with a minimum of 5-7 years of relevant public company industry and/or audit experience. The Manager of Commercial Accounting will play a pivotal role in supporting the financial aspects of inventory and revenue management within the company. Top candidates will be proactive in pursuing solutions have outstanding presentation and writing skills with the ability to work on their own initiative and as part of a team while maintaining positive working relationships. The Manager should have a deep understanding of accounting principles strong leadership skills and experience navigating the complexities of commercial accounting in the commercial pharmaceutical industry.

Key Responsibilities:

• Prepare monthly inventory accounting with accurate reporting and valuation of inventory including standard costing and evaluation of manufacturing variances in accordance with accounting standards and company policy.
• Collaborate with Supply Chain and Production teams along with FP&A business partners to manage inventory levels capture movement of inventory across global entities assess obsolescence and optimize inventory turnover.
• Review and ensure accurate revenue recognition in compliance with ASC 606 including gross-to-net accounting encompassing chargebacks government and commercial rebates and other sales deductions common in the biotech/pharma industry.
• Collaborate with Market Access and FP&A business partners to ensure accurate monthly gross-to-net accruals and identify areas of risk.
• Complete month-end reporting requirements including recording journal entries and preparing account reconciliations while meeting internal and external deadlines.
• Assist in enhancing and maintaining internal controls and procedures to ensure compliance with SOX requirements and company policies and to ensure the accuracy and integrity of financial data related to revenue inventory and international operations.
• Support external and internal audit requests in areas related to inventory and revenue
• Support Market Access with tasks related to AR and customer credits including calculating monthly discounts/credits and collaborating with our 3PL.
• Stay updated on accounting standards industry regulations and system enhancements to optimize the commercial accounting process.
• All activities of this position will be performed in conformance with our established policies as well as GAAP SOX and any other applicable regulatory requirements.
• Other ad-hoc projects as needed.

Requirements:

• Bachelors degree in accounting or related field required; CPA Preferred.
• 5-7 years of relevant work experience preferred.
• Inventory or Cost Accounting experience at a company with commercial operations required.
• Experience with NetSuite a plus.
• Public accounting experience a plus.
• Life sciences industry experience required.
• Sound understanding of accounting principles.
• Ability to analyze current processes and suggest/implement updates to create automations and improve efficiencies.
• Ability to adjust working hours as needed to support collaboration with global team members in different time zones.
• Analytical thinker with strong conceptual and problem-solving skills.
• Meticulous attention to detail with superb organizational skills.
• Strong communication skills.
• High ethical standards and a commitment to maintaining the confidentiality of sensitive financial information.
• Ability to adapt in a fast-paced dynamic environment and manage multiple priorities effectively.
• Ability to work independently and as part of a team.
• Working proficiency with Microsoft Office / Advanced Excel skills

All full-time employees receive equity which reinforces our ownership culture and offers meaningful opportunity for our employees to share in the success they help create. By aligning individual and company performance we empower employees to think like owners giving them a stake in the organization.

Full-time employees are also eligible for comprehensive benefits including flexible paid time off medical dental vision and life/disability insurance and 401(k) offerings (i.e. traditional Roth and employer match) in accordance with applicable plans. We also offer additional voluntary benefits like supplemental life insurance legal services and other addition we offer mental health benefits through our Employee Assistance Program for employees and their family. The company also provides other benefits in accordance with applicable federal state and local laws.

We are committed to providing reasonable accommodations for individuals with disabilities throughout the hiring process. If you need assistance please contact

Madrigal is an Equal Opportunity Employer. All employment is decided on the basis of qualifications merit and business need. Applicants will receive consideration for employment without regard to race ethnicity color religion sex gender identity sexual orientation national origin age disability protected veteran or disabled status or other characteristic protected by applicable federal state or local law.

Unsolicited resumes from agencies should not be forwarded to Madrigal. Madrigal will not be responsible for any fees arising from the use of resumes through this source. Madrigal will only pay a fee to agencies if a formal agreement between Madrigal and the agency has been established.

Applications are being accepted on an ongoing basis and can be submitted through our Madrigal Careers site.

Please be aware that we have received reports of individuals misrepresenting themselves as Madrigal Pharmaceuticals Hiring Managers seeking to engage with job candidates through fraudulent online advertisements or job posting sites. These unauthorized individuals are using Madrigals name and logo in an attempt to solicit up-front fees and obtain personal information from interested job candidates. Please know that Madrigal does not conduct interviews via text or in chat rooms; conduct interviews via Skype RingCentral or solely via telephone; charge candidates an advance fee of any kind (e.g. fees for purchasing equipment); nor does it offer positions of employment without undergoing a thorough recruiting process.

Please also note that any correspondence with regard to employment would come from an authorized email address or from an email address from one of our trusted search firm partners. We are aware that incorrect/fraudulent email addresses with Madrigal misspelled have been utilized in these most recent fraud attempts. If you receive unsolicited employment offers from people claiming to work for or on behalf of Madrigal we recommend that you: do not respond to their questions; do not open any attachments; and do not click on any hyperlinks. Any questions regarding the legitimacy of job-related contacts can be directed to .