Senior Manager, Cost Accounting

 

About Iovance Biotherapeutics, Inc.  

Iovance Biotherapeutics, Inc.  is the global leader in innovating, developing, and delivering tumor infiltrating lymphocyte (TIL) cell therapies for patients with solid tumors. Amtagvi® (lifileucel) is the first FDA-approved, one-time treatment for previously treated advanced melanoma, now approved in three global markets and available at more than 95 authorized treatment centers. The Iovance TIL platform spans registrational trials and next-generation programs in additional solid tumors, including gene-edited and IL-12 tethered TIL therapies, next-generation IL-2, and precision immuno-oncology approaches. As the first and only company to take TIL therapy from concept to a broadly accessible commercial treatment, Iovance operates as an end-to-end cell therapy company, anchored by fully owned, centralized U.S.-based manufacturing that is scaled to serve thousands of cancer patients worldwide each year. For more information, please visit www.iovance.com. 

Amtagvi® and its accompanying design marks, Proleukin^®, Iovance^®, and IovanceCares™ are trademarks and registered trademarks of Iovance Biotherapeutics, Inc. or its subsidiaries. All other trademarks and registered trademarks are the property of their respective owners. 

Information on Iovance’s broad, industry-leading patent portfolio is available on the Intellectual Property page on www.iovance.com. 

Overview

This position is integral to the continued and planned future growth of Iovance Biotherapeutics’ Cell Therapy Manufacturing Center and capabilities. The Senior Manager, Cost Accounting is responsible for overseeing cost accounting (including cost of goods sold, bill of materials and inventory costing.  The Senior Manager provides reporting and analysis to the corporate finance and accounting team, including the SVP, Finance and CFO, to support the strategic and operational planning. The Senior manager works with Manufacturing Finance, Corporate Accounting and Corporate FP&A teams to support the monthly close processes and quarterly external financial reporting as well as to assure strong linkage of data reported and budgeted results.  

Essential Functions and Responsibilities

• Oversee monthly/quarterly close process for general ledger accounts.
• Prepare & analyze financial statements for the Company
• Ownership of overhead cost pool accumulation and allocation/absorption, as well as analysis of related costs and results.
• Ensure and coordinate timely monthly and quarterly cost accounting close activities for inventory and cost of sales, including reconciliations and review of reconciliations where appropriate, including generating journal entries where appropriate.
• Oversee quarterly and year-end physical inventory process with the operations team.
• Coordinate calculation and recording of appropriate inventory reserves working with operations team.
• Collaborate with Internal Audit with the ownership and execution of Sarbanes-Oxley compliance for inventory and cost of sales, as well as ongoing reviews for potential enhancements and improvements.
• Support the forecast and budget process with timely inputs related to product volumes, purchases, expected overhead pool, costs per unit and cost of sales.
• Analysis of manufacturing organization spending, as well as support of the forecast process, and support of the FP&A organization in the preparation of materials for the monthly and quarterly financial review meetings.
• Prepare monthly and quarterly PBC schedules to support the audit and interim reviews, including working with audit firm on deliverables and related questions
• Proactively identify and analyze opportunities to improve results and facility processes.
• Support any internal and external financial audits.
• Directly supervise and develop a team of two Cost Accounting professionals, providing leadership, guidance, and mentorship to drive performance, support professional growth, and ensure alignment with departmental and organizational objectives.
• Must adhere to Iovance Biotherapeutics’ core values, policies, procedures, and business ethics.
• Perform miscellaneous duties as assigned. 

Required Education, Skills, and Knowledge

• BA or BS in Accounting
• 9+  years of progressive experience in accounting with cost accounting focus, biopharmaceutical industry, CPA and Big 4 experience is strongly preferred.
• In-depth cost accounting knowledge and experience
• Must have worked in Life Sciences, biotech or pharmaceutical industry.   
• Strong understanding of GAAP and financial accounting
• Experience operating within a Sarbanes-Oxley control environment.
• NetSuite experience is a plus.
• Strong forecasting & analytical skills
• Advanced Microsoft Excel, Word and PowerPoint skills
• Excellent interpersonal and communication skills, with the ability to communicate developed strategies and analysis clearly and effectively.
• Ability to build partnerships across functions.
• Detail oriented with insight to determine applicability of big picture.
• Proactive problem solver, expected to present problems and recommendations.
• Strong work ethic and demonstrated ability to independently prioritize workload based on organizational needs/demands. Operates with a sense of urgency, as appropriate. 

The physical demands described here represent those that an employee must meet to perform the essential functions of this job successfully. Reasonable accommodations may be made upon request to enable individuals to perform essential functions. Please contact Human Resources to request an accommodation.

Physical Demands and Activities Required

• Must be able to remain in a stationary position standing or sitting for prolonged periods of time.
• Must be able to move about inside an office and exert up to 10 pounds of force occasionally or a negligible amount of force frequently or constantly to lift, carry, push, pull, or otherwise move objects.
• Must have visual acuity to perform activities such as: preparing and analyzing data and figures, viewing a computer screen, and extensive reading.
• This position requires repetitive motion, substantial movements (motions) of the wrist, hands, and/or fingers.
• Must be able to communicate with others to exchange information. 

Mental: Clear and conceptual thinking ability; excellent judgment, troubleshooting, problem-solving, analysis, and discretion; ability to handle work-related stress; ability to handle multiple priorities simultaneously; and ability to meet deadlines 

Work Environment 

This job works in a professional office environment and a manufacturing lab setting. Potential exposure to latex, bleach, loud noise, lab equipment hazards, strong odors, and chemical/biochemical is possible.  Requires operating standard office equipment and keyboards.

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