Director of Finance
Scipher Medicine
About Us
We are tackling one of the largest problems in healthcare. In autoimmune conditions, a common clinical practice includes trial-and-error approaches to determine the right therapy for a patient. At Scipher Medicine, we are developing an innovative portfolio of personalized medicine solutions in complex diseases. Scipher's platform identifies and guides physicians towards a more targeted approach to determine the best treatment for their patients, based on their patient’s own fundamental disease biology. We have a growing pipeline of products that are currently being developed and the potential to predict which therapies patients will respond to, ensuring optimal treatment is prescribed from day one.
This includes PrismRA, a precision medicine test that helps guide healthcare providers’ treatment decisions in patients with rheumatoid arthritis. Pipeline indications span the autoimmune and immune-mediated diseases space. Learn more about Scipher at https://www.sciphermedicine.com/.
Overview
We are seeking an experienced Controller to lead our financial operations and ensure the accuracy and integrity of our financial reporting. As a key member of our management team, you will play a vital role in supporting our growth and strategic objectives within the biotech industry.
Key Responsibilities:
- Financial Reporting: Oversee the preparation and analysis of financial statements, ensuring compliance with GAAP and other regulatory requirements. Prepare monthly, quarterly, and annual financial reports for management and stakeholders.
- Budgeting and Forecasting: Lead the annual budgeting process and prepare financial forecasts. Monitor performance against budget and provide insights to senior management.
- Audit Management: Coordinate external audits, ensuring timely completion and adherence to regulatory standards. Implement recommendations from audit findings.
- Cash Management: Monitor cash flow and oversee treasury functions. Develop strategies for optimizing working capital and managing financial risks.
- Compliance: Ensure compliance with federal, state, and local regulations as well as internal policies. Stay current on changes in financial regulations affecting the biotech industry.
- Team Leadership: Manage the finance team, providing mentorship and professional development opportunities. Foster a collaborative and high-performance work environment.
- Financial Systems: Oversee the implementation and maintenance of financial systems and processes. Continuously seek opportunities for process improvement.
- Strategic Support: Provide financial insights and analysis to support strategic decision-making, including investments, partnerships, and new product developments.
Qualifications:
- Bachelor’s degree in finance, Accounting, or related field; CPA certification preferred.
- 8+ years of experience in finance and accounting, with at least 3 years in a managerial role, preferably in the biotech or pharmaceutical industry.
- Strong understanding of GAAP, financial regulations, and compliance standards specific to the biotech sector.
- 5- years of strong CPA experience
- Proven experience in financial planning and analysis, budgeting, and forecasting.
- Excellent leadership, communication, and interpersonal skills.
- Proficient in financial software and ERP systems; experience with NetSuite is a plus.
- Strong analytical and problem-solving abilities, with a keen attention to detail.
Specific Responsibilities:
- Oversee Payroll for proper accounting
- Reconcile commissions
- Oversee accounting for benefits
- Account for any leases according to GAAP
- Renew insurance policies and analyze any changes in coverage needed
- Many all stock option and warrant agreements
- Upload to CARTA
- Oversee accounting for related expenses
- Oversee Purchase Order system
- Coordinate with technical staff to ensure completeness
- Coordinate with technical staff to properly review accruals and prepaids each month
- Oversee Accounts Payable to ensure vendors are paid timely for work completed
- Manage vendor issues as they arise
- Manage employee expense reimbursements
- Oversee Accounts Receivable
- Manage collections
- Recognize revenue according to GAAP
- Manage Cash
- Complete reconciliations of all bank and credit card accounts each month
- Prepare cash flow analyses weekly
- Perform monthly close procedures including but not limited to:
- Bank reconciliations
- Credit card reconciliations
- Book employee expenses to be reimbursed
- Account for leases
- Account for fixed assets and depreciate accordingly
- Account for license agreements and amortize accordingly
- Account for stock options
- Account for warrants
- Prepare schedules supporting each balance sheet account
- Accrue for any expenses for which an invoice has not yet been received
- Accrue interest on any debt
- Maintain a Capitalization Report
- Review the P&L for completeness and reasonableness each month
- Manage audit process with external auditors and implement recommendations as deemed reasonable
- Oversee 409A valuation work
- Prepare schedules and support tax advisors for year-end filing requirements
- Ensure quarterly estimated payments are made timely
- Prepare financial statements, analyses, and budge schedules as requested
- Prepare any supporting schedules required for Board meeting materials
- Respond to investor due diligence requests
Scipher is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religions, sex, national origin, sexual orientation, gender identity, disability status, protected veteran status or any other characteristic protected by law.