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Associate Director/Director, Finance

King & Bishop
Published
October 21, 2020
Location
Boston, MA
Category
Default  
Job Type

Description

Client is a privately-held, physics-driven integrated drug discovery company in the preclinical IND stage, targeting innate immunity to start but with significant future growth opportunities.

Job Summary

Associate Director/Director, Finance will lead its accounting function in its Boston corporate office. This position reports directly to the VP, Head of Operations and will be a trusted partner of the entire executive leadership team. The candidate will be responsible for all the company’s accounting functions and external reporting requirements.

Responsibilities

Management of the following accounting activities

  • General accounting
  • Accounts payable, travel and expense, procurement and payroll
  • Cash forecasting and management
  • Budget development and monthly analysis
  • Revenue accounting cycle, including ensuring compliance with the ASC606 standard when revenue starts to be generated
  • Credit and collections when revenue is generated

Internal Reporting

  • Lead the financial statement close process (monthly/quarterly/annual)
  • Conduct financial reviews with CEO and VP, Head of Operations
  • Review journal entries and account reconciliations
  • Evaluate the closing process to accelerate timing, while still providing accurate results
  • Prepare monthly consolidation

External reporting and audit

  • Manage the annual external audit and preparation of the audited financial statements
  • Bank relations and any monthly reporting required
  • Investor reporting when required
  • Federal grant applications and reporting

Leadership and training

  • Lead and manage (2) direct reports and (1) external payroll provider. Ensure direct reports have clearly defined role and responsibilities and that personal development plans are in place to enable achievement of departmental goals including mentoring key departmental members and overseeing their training and professional development.

Other responsibilities include

  • Develop, implement and enforce policies and procedures of the organization by way of systems that will improve the overall finance and accounting operations and effectiveness of the organization
  • Oversee the accounting operations of subsidiaries
  • Evaluate the need to implement an expense reporting system such as Concur/Expensify
  • Manage partnership and corporate tax returns with external tax provider
  • Ensure that sales and use taxes, 1099s, and property taxes, are filed properly and on schedule
  • Manage capitalization table
  • Perform technical accounting research as required
  • Assist on special projects and provide ad hoc reports as needed

 

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