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Pendulum is hiring a
Inventory Controller

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Read by 45 job seekers.

San Francisco, CA

About Pendulum

Pendulum® is on a mission to help people improve physical and mental health by creating a new category of products that target the microbiome. We are researching, developing and commercializing a novel class of rationally-designed Live Synbiotics (probiotics + prebiotics) that have demonstrated clinical efficacy to treat conditions like metabolic syndrome, inflammation and neurodegeneration.

Pendulum has created proprietary pipelines to build a unique discovery platform that identifies key, novel bacterial strains and the prebiotics that feed them.
We are a highly collaborative team of scientists, engineers, physicians, marketers and salespeople interested in improving human health by using the latest research from diverse fields, such as microbiology, molecular biology, high-throughput genomics, distributed computing, pharmaceutical development and nutrition. We believe strongly in an individual’s transparency and strong communication to enable the most effective and efficient path to team success.
If you’re interested in building a new category of products that will help improve the lives of people globally and you love working in a cross-functional, collaborative, inspiring environment, please continue reading!

Pendulum is seeking an Inventory Controller responsible for oversight of all accounting and controllership activities related to manufacturing, inventory, and cost. The Inventory Controller 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.

Position Summary:

We are seeking an Inventory Controller responsible for oversight of all accounting and controllership activities related to manufacturing, inventory, and cost. The Inventory Controller 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.

  • 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.

    Estimated Salary range:

    Our salary intelligence, powered by our AI algorithms, has calculated an estimated range for this position between $57,000 - $79,000 . Please note that the actual salary for this position may vary, as it is dependent on various factors including but not limited to experience, location, and market dynamics.

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