Estimated Length of Contract: approximately 6 months with the potential for extension if appropriate
Hours Required Per Week: up to 24 hours/week
Reports to: CFO or her designee
The Cost Accounting Consultant will work closely with Fractyl’s CFO, Controller, FP&A, and Manufacturing & Supply Chain
to design a cost accounting and inventory framework, as well as cost accounting models appropriate for a start‐up medical
device/biotech company. Additionally, s/he will develop policies and procedures related to the areas of responsibilities.
- Perform a detailed analysis of manufacturing and supply chain activities.
- Partner with Accounting, FP&A, Manufacturing and Supply Chain to establish Material, Labor and Overhead Cost
that support capitalization by product.
- Review and analyze the methodology for manufacturing/QA and supply chain overhead allocation.
- Analyze inbound freight on inventory materials.
- Recommend and develop an inventory valuation/cost accounting framework and model suitable for a start‐up
medical device/biotech company.
- Design appropriate variance analyses that support the development of a standard cost system.
- Assist with the development of an item master file for inventory valuation purposes.
- Assist with the design of an inventory tracking system that will allow the company to reasonably value inventory
for financial and tax reporting.
- Assist with the development of inventory related policies and procedures.
- Working closely with the finance team, developing a robust standard cost system that supports strategic and
- Bring a “can do” spirit to work and deliver on other responsibilities as assigned.
Education or Certification Requirements
- Bachelor’s degree in Accounting, or Business Administration with primary focus in Accounting or Finance and equivalent experience.
Professional Work Experience
- 10+ years progressive cost accounting experience with medical device manufacturing
- Demonstrated history of success and progression
- Hands‐on experience with building solution(s) appropriate for a start‐up medical device/biotech company transitioning from clinical stage to early commercial development phase
- Strong leadership and interpersonal skills, highly analytical, and possess the ability to interact with all levels of
Qualifications and Skills
- Strong working knowledge of the FDA Quality System Regulation and related international regulations.
- Highly skilled in excel / database applications
- Strong understanding of contract manufacturing or hybrid manufacturing operations
Other Essentials and Key Success Factors:
- Successful track record of working in high‐growth and dynamic organizations.
- Demonstrated record of intellectual curiosity, innovation and creative problem solving with an
- Ability to lead fast‐paced projects with a keen sense of urgency to get the job done well.
- Evidence of "hands‐on" experience and expertise.
- Proven and successful track record as a team‐player and collaborator in small working environments.
- Highly organized and detail oriented with a passion to deliver quality results.
- Excellent verbal and written communication skills, with experience translating technical concepts into
- Highest levels of professionalism, confidence, personal values and ethical standards.
The description and requirements outlined above are general; additional requirements may apply.