Manager of Technical Accounting

Our client, a NYC based biotech company seeking a dynamic and experience Manager of Technical Accounting to join their finance team!

Salary/Hourly Rate:

Up to $140,000

Position Overview:

The Manager of Technical Accounting will be responsible for providing technical guidance and expertise on complex accounting matters, ensuring compliance with accounting standards, and supporting financial reporting processes. This Manager of Technical Accounting position offers an exciting opportunity to play a key role in the financial success and strategic growth of our organization.

Responsibilities of the Manager of Technical Accounting:

• Lead and oversee the technical accounting function, providing guidance and support to cross-functional teams on accounting issues and transactions
• Research and interpret accounting standards (e.g., GAAP, IFRS) and regulatory requirements relevant to the biopharmaceutical industry, including revenue recognition, stock-based compensation, business combinations, and lease accounting
• Evaluate the accounting treatment for complex transactions, including collaborations, licensing agreements, acquisitions, and divestitures, and prepare technical accounting memos and documentation
• Partner with key stakeholders, including Finance, Legal, R&D, and Commercial teams, to assess the financial impact of business decisions and strategic initiatives
• Drive the implementation of new accounting standards and updates, collaborating with internal and external stakeholders to ensure timely adoption and compliance
• Review and analyze financial statements, disclosures, and footnotes to ensure accuracy and transparency in financial reporting
• Support external audits and regulatory filings by providing technical expertise, preparing audit schedules, and addressing auditor inquiries
• Develop and deliver training programs and resources to enhance the understanding of technical accounting principles and promote compliance across the organization
• Stay abreast of industry trends, emerging accounting issues, and regulatory changes, and proactively advise management on potential implications

Qualifications for the Manager of Technical Accounting:

• 5+ years of progressive experience in technical accounting, preferably in the biopharmaceutical or life sciences industry
• In-depth knowledge of accounting principles and standards, including ASC 606, ASC 842, ASC 805, and ASC 718
• Strong analytical skills and ability to interpret and apply complex accounting guidance to real-world scenarios
• Excellent communication and interpersonal skills, with the ability to effectively collaborate with cross-functional teams and present complex information to stakeholders at all levels
• Detail-oriented with a focus on accuracy and precision in financial reporting and documentation
• Proven leadership capabilities, including the ability to mentor and develop team members and foster a culture of continuous learning and improvement
• Experience with ERP systems (e.g., SAP, Oracle) and proficiency in Microsoft Excel and other financial software applications

Education Requirements:

• Bachelor’s degree in Accounting, Finance, or related field is required
• CPA or CMA certification preferred

Benefits:

• Medical, Dental, and Vision
• PTO
• 401k