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Associate Director, Cost & Inventory Accounting #5009

GRAIL

Durham, NC; Sunnyvale, CAHybridPosted 1 day ago$146,000 - $223,000/year
Full TimeDirector & AboveCorporate FunctionsBiotechnology
Original posting ↗

Summary

GRAIL is seeking an experienced Director, Cost & Inventory Accounting to lead our cost and inventory accounting operations, ensuring accurate financial reporting, strong internal controls, and efficient accounting processes. This role will oversee the financial close process, drive process improvements, develop a high-performing team, and collaborate cross-functionally with Lab Operations, Supply Chain, IT, and FP&A.

Job description

Responsibilities

  • Lead the monthly and quarterly cost and inventory close, establishing clear priorities, schedules, responsibilities, and checkpoints to meet reporting deadlines.
  • Provide thoughtful and thorough reviews of key accounting deliverables, including reconciliations, journal entries, inventory rollforwards, E&O reserve, and cost calculations, with the ability to independently validate or reperform work as appropriate.
  • Investigate significant fluctuations and changes to standards, understand underlying business drivers, and provide clear, well-supported explanations of financial variances.
  • Ensure accounting workpapers and supporting reports are accurate, complete, well documented, and ready for internal and external audit review.
  • Serve as a key contact for auditors, overseeing execution of cost and inventory SOX controls, identifying potential control gaps, and working with internal audit and cross-functional partners to implement improvements and address findings.
  • Build a practical understanding of Lab Operations, Supply Chain, Warehouse, and inventory processes to evaluate accounting impacts, challenge assumptions, and identify opportunities to improve accuracy and efficiency.
  • Coach and develop the team through clear expectations, timely feedback, technical guidance, appropriate delegation, and accountability for quality and deadlines.
  • Partner with Lab Operations, Supply Chain, Lab, IT, and FP&A to resolve data and process issues and coordinate changes that affect accounting and reporting.
  • Lead improvements to processes, reporting, controls and systems, recommending solutions, coordinating action plans, and following through to resolution.
  • Partner with the Technical Accounting team to understand new accounting standards and regulatory requirements, assess their operational impact, and lead the implementation of necessary changes to accounting processes, policies, systems, and internal controls.

Required Qualifications

  • Bachelor's degree in Accounting or Finance.
  • 8+ years of accounting experience, including work in a SOX-compliant environment, with a strong understanding of audit documentation, control execution, and identifying and resolving accounting for control deficiencies.
  • 3+ years of people management or team leadership experience, with demonstrated ability to review work effectively, coach staff, and deliver against deadlines.
  • Strong understanding of US GAAP, inventory accounting, financial close processes, internal controls, and audit support requirements.
  • Experience reviewing accounting analyses and reconciliations, identifying exceptions, and working with others to resolve issues.
  • Sound analytical judgment, attention to detail, and ability to connect financial results with underlying transactions and business processes.
  • Effective planning, prioritization, communication, and cross-functional collaboration skills.
  • Advanced spreadsheet skills and experience with ERP systems such as NetSuite.
  • 10% Travel requirements.

Preferred Qualifications

  • CPA and/or public accounting experience preferred.
  • Experience in diagnostics, genomics, life sciences, or another inventory-intensive environment.

Requirements

  • Bachelor's degree in Accounting or Finance
  • 8+ years of accounting experience
  • Experience in a SOX-compliant environment
  • Strong understanding of audit documentation and control execution
  • 3+ years of people management or team leadership experience
  • Strong understanding of US GAAP
  • Inventory accounting experience
  • Financial close processes experience
  • Internal controls experience
  • Audit support experience
  • Experience reviewing accounting analyses and reconciliations
  • Sound analytical judgment and attention to detail
  • Effective planning, prioritization, communication, and cross-functional collaboration skills
  • Advanced spreadsheet skills
  • Experience with ERP systems such as NetSuite
  • 10% travel

Benefits

  • Flexible time off
  • Vacation
  • 401(k) retirement plan
  • Employer match
  • Medical, Dental & Vision
  • Well-being programs

Company overview

GRAIL, Inc. is an American biotechnology company headquartered in Menlo Park, California, founded in 2015 with a mission to detect cancer early when it can be cured. The company specializes in developing multi-cancer early detection (MCED) tests using advanced liquid biopsy technology. GRAIL's flagship product, the Galleri test, is a blood-based screening test that aims to identify multiple cancer types before symptoms appear, including many deadly cancers that currently lack recommended screening methods. The company leverages next-generation sequencing, population-scale clinical studies, and sophisticated machine learning algorithms to analyze cell-free DNA methylation patterns in blood samples. With approximately 1,000 employees and operations in the United States and United Kingdom, GRAIL has conducted extensive clinical trials including the NHS-Galleri trial in England. The company was originally a subsidiary of Illumina before being spun off as an independent public company trading on Nasdaq under the ticker GRAL in 2024.

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