Director of Cost Accounting

San Francisco, CA
Operations – Finance & Operations /
Full Time /
Hybrid
About Pendulum

Pendulum® is leading a revolution that is occurring around the world to improve physical and mental health by first understanding, then restoring and enhancing the human microbiome. 

Studies have shown that our microbiome (the bacterial communities in and on our bodies) is linked to everything from metabolism and diabetes, to longevity, weight loss, healthy immune systems, cancer prevention, feelings of well-being, inflammatory bowel disease, and even healthy skin.  We have just scratched the surface on understanding the impact that our microbiome has on our lives. During early life we develop a diverse and balanced microbiome that plays a critical role in shaping our long-term health.  Over our lives, a combination of diet, lifestyle, antibiotics, and aging can decrease the effectiveness of our microbiome.

Pendulum recognized the enormous impact they could have on people’s lives if they were able to address the imbalances in the microbiome. To accomplish this, Pendulum created proprietary probiotic pipelines and a  unique discovery platform to identify key, novel bacterial strains and the prebiotics that feed them. The company has also built and developed the world’s first manufacturing technology to produce bacteria in an anaerobic (oxygen-free) environment at scale.

The medical probiotics that Pendulum has formulated have transformed the consumer probiotics market into a new category of therapeutic offerings that deliver the power and efficacy of a pharmaceutical with the safety and accessibility of a natural probiotic. Due to Pendulum’s explosive revenue and customer growth over the last two years, the company  earned a spot on Forbes Magazine’s exclusive “The Next Billion Dollar Startups” list.
  
If you’re interested in improving the lives of people globally and you love working in a cross-functional, collaborative, inspiring environment, please continue reading.


Position Summary:

We are seeking a Director of Cost Accounting responsible for oversight of all accounting and controllership activities related to manufacturing, inventory, and cost. The Director of Cost Accounting will design and execute best-in-class strategies, accounting processes, controls, incorporating critical thinking to drive operational performance and leading the Company's focus on fiduciary responsibilities.  

They enjoy all phases of creative development and have a detailed eye for asset production. We’re also looking for someone who thrives in a fast-paced, lean and collaborative environment. Iterations and group input will be familiar territory for this person. While we want someone who can think big, we also need someone who can be resourceful in how they approach executing. They should be both passionate and comfortable working with a very young brand in its early stages of growth.

What You'll Do:

    • Oversee and manage the process of inventory valuation, ensuring it complies with relevant accounting standards and company policies; analyze inventory levels, costs, and valuations to provide accurate financial reporting.
    • Perform detailed cost analysis and prepare reports that reflect monthly production costs and ending on hand inventory costs; provide insights into inventory levels, trends, and cost-saving opportunities.
    • Participate in monthly, quarterly, and yearly closing activities related to inventory, ensuring accurate and timely financial statements.
    • Reconcile inventory accounts to the general ledger and resolve any discrepancies.
    • Maintain and review the standard costing methodology and rates, and ensure alignment with the current manufacturing process and accounting standards; analyze variances and update standard costs periodically.
    • Identify and implement improvements in inventory and costing processes to enhance efficiency, accuracy, and internal controls.  
    • Collaborate with manufacturing, supply chain, quality departments to streamline inventory tracking and valuation methods.
    • Ensure compliance with accounting standards, maintain strong internal controls over inventory and participate in audits as required.
    • Manage the manufacturing systems and data reports to ensure these are compliant and accurate.
    • Perform periodic physical inventory count and book-to-physical inventory adjustments.
    • Own cost allocation framework for labor, depreciation, and manufacturing overhead
    • Lead materials E&O process and related tasks to create proper documentation for audit.
    • Take a lead on IT systems and resources to design, build, and implement accounting processes at scale and develop efficiency and scalability across functional areas
    • Cultivate ongoing training and talent development to create a culture of learning and mentorship

Knowledge Requirements:

    • Bachelor’s degree in Accounting or Finance
    • 7+ years of experience in cost accounting in internal manufacturing environment 
    • Strong understanding of GAAP and accounting principles related to inventory and cost of goods sold.
    • Proficient with ERP systems, preferably with NetSuite.
    • Excellent analytical, problem-solving, and communication skills.
    • Strong Excel skills.
    • Ability to work independently and as part of a team, managing multiple priorities.

Salary & Benefits

    • $177,000 - $206,500
    • Medical, Dental, and Vision
    • Commuter Benefits
    • Life & STD Insurance
    • Company match on 401 (k)
    • Flexible Time Off (FTO)
    • Equity
Pendulum Therapeutics, Inc. is committed to creating a diverse environment and is proud to be an equal
opportunity employer. All qualified applicants will receive consideration for employment without regard to
race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics,
disability, age, or veteran status. We welcome all to apply.