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Vertex Ventures HC
Vertex Ventures HC

Sr. Manager/Associate Director, Accounting Operations (Biotech)



Accounting & Finance, Operations
South San Francisco, CA, USA
Posted on Saturday, May 11, 2024
The Company
Septerna is a biotechnology company with a vision to become the industry-leading G protein-coupled receptor (GPCR)-focused drug discovery company, and a mission to develop life-changing medicines for patients. The company’s Native Complex™ Platform recapitulates GPCRs with their native structure, function, and dynamics outside of the cellular context. This approach enables access for the first time to modern structural and screening technologies used in industrial-scale drug discovery for the entire class of GPCRs. Septerna has an emerging pipeline of GPCR-targeted small molecule programs with growth potential to reach many GPCRs that have been undruggable and unexploited to date. Septerna was launched by scientific founders who have made groundbreaking GPCR discoveries and by founding investor Third Rock Ventures. For more information see: www.septerna.com.
Join a multidisciplinary team of colleagues focused on creating revolutionary medicines to address significant needs of patients. Bring your real self to work every day; grow and learn from a talented team of drug hunters, scientists, and business professionals, and contribute your passion, creativity, and energy to our mission. At Septerna we embrace diversity of thought, expertise, and background. We share a fearless pursuit of ground-breaking innovations, and our employees learn from each other and succeed as a team.
The Role:
Reporting to the Sr. Director of Accounting Operations, Septerna is hiring a Sr. Accounting Mgr/Associate Director of Accounting. This is a critical leadership role that will manage Septerna’s day-to-day accounting operations from procure-to-pay, invoice-to-cash to the financial data for both internal and external reporting. This individual will work with the rest of accounting team including external consultants to solidify key accounting policies and procedures to support business growth and regulatory compliance. In the beginning, this role is required to perform hands-on duties including processing AP, payroll and journal entries as we are gradually internalizing the accounting functions currently being outsourced. This role will ultimately be a key role in managing the whole accounting operations and play a critical function to timely close the books in compliance with internal control requirements. The role is based in South San Francisco, CA.
· Manage the whole accounting operations, including P2P, payroll, general ledger, accounts payable management and preparation of billings for revenue recognition, and perform month-end close activities, including preparation of journal entries, accruals, account reconciliations, and robust documentation for SOX compliance in the area of responsibilities.
· Responsible for complex clinical trial and manufacturing accrual models to ensure accurate reporting and compliance with US GAAP.
· Assist in the preparation of various analyses, including flux and BvA analysis.
· Assist in the implementation and maintenance of internal controls. Team up with internal accounting team and external consultants to build adequate internal controls for risk mitigation and compliance.
· Assist in the quarterly review and annual audit process, and support in preparation of tax provision and annual tax returns. Ensure various tax compliances, including 1099, business property tax and use tax filing.
· Propose continuous improvements in accounting processes to increase efficiency and accuracy of financial reporting.
· Support company audit and various reporting needs.
· Bachelor's degree in accounting or finance, CPA license preferred.
· Minimum 8+ years’ experience in accounting/finance, preferably a few years in public biotech companies. Straight from public accounting firm is welcome.
· Understanding and experience with R&D, preclinical and complex clinical trial accruals is preferred.
· Direct user experience with NetSuite is required.
· Very detail-oriented and have the ability to work independently and in a team.
· Experience with implementation of internal control is huge plus.
· Strong written and oral communication skills.
· This is an onsite position with some flexibility to work from home.
The anticipated salary range for candidates who will work in South San Francisco, CA is $170,000 - $195,000. Individual pay may vary based on additional factors, including, and without limitation, job-related skills, experience, work location and relevant education or training. Septerna's compensation package also includes benefits, stock options, and annual target bonus for full-time positions.