Senior Director, Accounting - Summit Therapeutics Sub, Inc.
Menlo Park, CA 94025
About the Job
Overview of Role:
The Senior Director will be responsible for accounting close activities, ensuring accurate and timely financial reporting, and assisting with tax compliance and other ad hoc tasks with a specific focus on supporting R&D accruals and general ledger activities. This role requires a detail-oriented and analytical professional with extensive experience in accounting and financial management within the pharmaceutical industry.
Role and Responsibilities:
- R&D Accruals:
- Manage and monitor R&D accruals to ensure accurate and timely recording of expenses.
- Collaborate with R&D department to gather and validate financial data related to ongoing projects.
- Prepare monthly and quarterly reports on R&D spending and variances.
- Prepare month end and quarter end accrual journal entries and reconciliations
- Identify opportunities to improve and streamline R&D accrual processes, implementing best practices to enhance efficiency and accuracy
- Handle ad-hoc AP related tasks, including vendor inquiries and payment discrepancies
- General Ledger Activities:
- Oversee the maintenance and reconciliation of the general ledger
- Prepare month end and quarter end GL account flux analysis
- Ensure compliance with GAAP and other regulatory requirements
- Supervise the month-end and year-end close processes and GL account flux analysis including preparation of financial statements and supporting schedules
- Financial Reporting:
- Prepare and present financial reports to senior management and stakeholders
- Conduct variance analysis and provide insights on financial performance
- Assist in the preparation of budgets and forecasts
- Perform other financial reporting tasks as needed, including the preparation of financial statements and management reports
- Internal Controls:
- Implement and maintain effective internal controls to safeguard company assets.
- Ensure compliance with internal policies and procedures
- Ensure the quality of work product complies with SOX requirements and that financial data is recorded in compliance with GAAP
- Coordinate with external auditors for annual audits and reviews.
- Team Leadership:
- Lead and mentor the accounting team, providing guidance and support.
- Foster a collaborative and high-performance work environment.
- All other duties as assigned
Experience, Education and Specialized Knowledge and Skills:
- Bachelor’s degree in Accounting, Finance, or related field required; CPA preferred
- Minimum of 15+ years of experience in accounting or finance
- Minimum of 5+ years of biotech industry experience required
- Strong experience with R&D accounting and project management
- Proficiency in accounting software (e.g., SAP by design) and Microsoft Office Suite, particularly Excel
- An ability to work well cross functionally and across geographies independently
- Impeccable integrity and a strong work ethic
- Familiarity with ERP systems and financial reporting tools
- Strong problem-solving skills and attention to detail
- Strong knowledge of GAAP and regulatory requirements
- Proficiency in accounting software and Microsoft Excel
- Excellent analytical, organizational, and communication skills
- Ability to manage multiple priorities with a resourceful, action and results orientated with the ability to get things done and overcome obstacles
The pay range for this role is $260,000-$280,000 annually. Actual compensation packages are based on several factors that are unique to each candidate, including but not limited to skill set, depth of experience, certifications, and specific work location. This may be different in other locations due to differences in the cost of labor. The total compensation package for this position may also include bonus, stock, benefits and/or other applicable variable compensation. The successful candidate will also be eligible for health benefits, 401(k) with 6% employer match from day one, ESPP with up to a 15% discount up to the federal limit, flexible spending account among other benefits.
Summit does not accept referrals from employment businesses and/or employment agencies in respect of the vacancies posted on this site. All employment businesses/agencies are required to contact Summit’s human resources department to obtain prior written authorization before referring any candidates to Summit.