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- San Diego, CA
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Chief Accounting Officer
ExecuNet • San Diego, CA
Posted 2 months ago
Company Inc. is a fast growing, clinical stage, antibody-centric, biopharmaceutical company developing new therapies to turn malignant cancers into manageable and possibly curable diseases. Sorrento's multimodal, multipronged approach to fighting cancer is made possible by its extensive immuno-oncology platforms, including key assets such as fully human antibodies (G-MAB™ library), clinical stage immuno-cellular therapies (CAR-T), intracellular targeting antibodies (iTAbs), antibody-drug conjugates (ADC), and clinical stage oncolytic virus (Seprehvir®).
We attract smart people who play well with others. We're small enough for your ideas to make a big impact, and large enough to offer you opportunities to grow professionally at any stage of your career.
If you’re a quick learner, enjoy working in the biotech industry, and share our mission of providing ground-breaking impact to medicine, each other, and our patients, Company is the place for you!
WHAT WE ARE LOOKING FOR:
We're looking for a Chief Accounting Officer who has experience in Bioscience Industry. In This role, you will report to the CFO and are responsible for ensuring the integrity of Accounting and Financial reporting by providing leadership, business collaboration, process, knowledge and technical experience. CAO brings both strategic vision and best-practices to partner effectively on a cross functional basis. and demonstrates strong business judgment applied to complex financial and accounting issues. This role significantly impacts our ability to obtain and maintain capital financing, meet regulatory requirements, and form inputs to forecasting
ESSENTIAL DUTIES AND RESPONSIBILITIES:
The CAO is responsible for the effective and efficient delivery of accounting and reporting processes across the company and key stakeholders. The CAO is operationally responsible for general accounting, financial (including SEC) reporting, functional controlling including R&D and G&A functions, cash management, risk management, tax compliance, and financial regulatory compliance.
The CAO ensures compliance of accounting and reporting in accordance with GAAP, FASB, and regulatory requirements and the design and implementation of the controls to mitigate risk of fraud and waste of assets.
Work with the team to undertake the following:
- Oversee all accounting and tax reporting function at the firm
- Ensures appropriate application of generally accepted accounting principles ("GAAP") and accounting regulations adopted by state and federal regulatory agencies to all accounting and financial reporting matters
- Track records, plan, and file all state and federal taxes, along with internal and external financial report
- Serves as primary contact with external auditors to ensure effective execution of audit, internal controls and financial reporting activities
- Directs the preparation of financial reporting packages for management, the Board of Directors and committees of the board
- Collaborating and contributing to the Senior Leadership Team and BOD to improve overall company performance, including being the primary contact for the Audit Committee
- Leads the Corporate Disclosure Committee and Directs preparation of SEC financial reports
- Oversee the monthly and quarterly close processes
- Supports acquisition deals and collaborate with external auditors to ensure accurate accounting treatments of executed deals
- Partners effectively with non-accounting / finance team members to drive improved controls and process enhancements.
- Envisions and designs financial and accounting policies and procedures, and identifies system capabilities that support and automate established procedures
- Analyze financial data and reports to detect errors or missing information, initiate corrective actions as needed
- Assists in the management of insurance risk
- Analysis and solutions for organizational problems
- Prepare and present forecasts, budgets and analysis of financial data
- Builds a strong accounting organization and develops talent within the team for our long-term success
EDUCATION AND QUALIFICATIONS:
Minimum bachelor's degree or master’s degree in accounting, business management, finance, or another relevant field. 15+ years of professional accounting experience in a Big 4 Accounting firm and industry experience in life science sector.
- Ability to navigate and thrive in a fast-paced and constantly evolving environment
- Strong team leader and developer of talent
- Self-starter; surfaces and runs after problems
- Demonstrated ability to work cross functionally to accomplish complex projects
- Strong communications skills, both written and oral
- Extensive knowledge of the market with the ability to anticipate issues and respond quickly
- Ability to communicate and influence effectively at the highest level with strong business and strategic and judgment
- Excellent business partnering, influencing, and presentation skills
- Strong expertise with accounting policy, GAAP accounting and FASB pronouncements.
- Direct experience in partnering effectively with external auditors
- Experience with purchase accounting and third-party valuations
COMPUTER SKILLS: ERP experience with NetSuite a plus.
LANGUAGE SKILLS: Proficient in English, foreign languages are plus
CERTIFICATES, LICENSES, REGISTRATION: Professional Certifications (e.g., CPA required, MBA preferred).