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Sr. Accounting Manager R&D

South San Francisco, CA 94080

Posted: 09/26/2024 Employment Type: Direct Hire/Perm Job Category: Accounting & Finance Job Number: 614793 Is job remote?: No Country: United States

Job Description


Position Summary

The Sr. Accounting Manager, R&D is an integral part of a growing accounting team and oversees the R&D-related accounting close process primarily focused on Research and Development accruals with the Research and Development Teams in Shanghai and the United States and will report to Director of Accounting. This position will partner extensively with the Financial Planning & Analysis (FP&A) team to ensure a thorough understanding of various R&D programs, in-licensing milestone achievements and lead the accurate and timely completion of the R&D-related accounting close. A successful candidate enjoys working in a fast-paced and rapidly growing environment, is result-oriented, analytical, has strong attention to detail, and is highly motivated to deliver excellence in their work. #hybrid

 

Essential Duties and responsibilities
  • Manage the monthly R&D-related accounting close to ensure accurate and timely completion of expenses, prepayments and deposits, and accrual accounts. This involves communication with the R&D Teams in Shanghai as well as the U.S.
  • Develop and maintain R&D accruals using various methodologies including % of completion, FTE reimbursement rates, etc.
  • Review and/or prepare journal entries and related supporting work papers; ensure the quality of work product complies with SOX requirements
  • Attend R&D project team meetings and review project management portfolio updates to better understand the status of the company’s R&D programs to better facilitate the R&D accrual process
  • Review and analyze invoices, contracts, SOW’s and/or work orders, and reconcile data to POs and budgets to determine the appropriate accounting treatments
  • Prepare and review the R&D budget tracker workbook and ensure appropriate accounting estimates in the R&D tracker
  • Prepare R&D fluctuation analysis by segments (e.g., subsidiaries, programs, phases, etc.) as well as R&D-related general ledger account fluctuation analysis
  • Review and/or prepare general ledger account reconciliations and other R&D analyses
  • Liaison between the R&D project teams and FP&A team regarding the monthly R&D Research accruals under review; guide the proper accounting treatment of R&D-related transactions
  • Coordinate with the Head of Finance and Sr. Controller in China and other accounting U.S. team members in identifying, researching, and documenting significant accounting matters
  • Manage the quarterly review, interim and year-end audit, and tax requirements related to R&D-associated activities; drive closure of any internal/ external request/open items on a timely basis
  • Identify opportunities to reduce the R&D-related accounting close cycle, enhance existing procedures
  • Assist the accounting team on ad hoc projects, as needed
  • Ability to work Shanghai hours at quarter end 

 

CORE COMPETENCIES, KNOWLEDGE AND SKILL REQUIREMENTS:
  • Advanced user of Excel
  • Experience with Netsuite
  • Strong work ethic and ability to thrive in a complex environment handling different R&D programs of various affiliates and subsidiaries
  • Able to work with a high volume of transactions in a fast-paced environment
  • Results and goal-oriented mindset with an opportunistic eye toward process improvements
  • Excellent communication and written skills and collaborative mindset with FP&A and the R&D scientific project owners

 

REQUIREMENTS

Education
  • BA/BS degree in accounting

Experience
  • 6-9+ years of  progressive experience (combination of big 4 in Biotech clients with expertise in auditing R&D accounts and clinical stage biotech/pharma industry experience) 

Licenses or Certifications
  • CPA preferred

 

The target salary range for this full-time role is $170,000 - $185,000 + bonus + equity + benefits.

The staffing industry has seen an increase in people falsely representing themselves as recruiters to gather personal information from job seekers. For your safety, do not provide sensitive data to anyone you have not spoken with thoroughly and never provide banking information during the application process. Candidate safety is a top priority at Planet Pharma.

Planet Pharma and The Planet Group of Companies are equal opportunity employers. It is our practice not to discriminate against any employee or applicant based on any criteria, condition or basis protected by laws or regulations in the locations where we do business. All qualified applicants are encouraged to apply. We celebrate diversity and are committed to providing an environment of mutual respect. We believe that diversity, equity and inclusion enable us to better meet our mission and values while serving our clients across the globe. If you have a disability or handicap and would like us to accommodate you in any reasonable way, please inform your recruiter, or contact us, so that we can discuss the appropriate alternatives available.

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About South San Francisco, CA

Ready to take the next step in your career journey? Explore our job opportunities in the vibrant area surrounding South San Francisco, California! Known for its proximity to the iconic Golden Gate Bridge and the bustling tech hub of Silicon Valley, this region offers unrivaled growth potential and a dynamic work environment. With a unique blend of culture, including the renowned SFMOMA art museum, the lively Castro District, and delectable cuisine like the famous sourdough bread at Boudin Bakery, South San Francisco is the perfect place to thrive professionally while enjoying the beauty of nearby parks like Golden Gate Park and the breathtaking views of the Pacific Ocean. Join us in discovering the endless possibilities for your career in this enchanting region!

Although this hasn't been an issue at Planet Pharma, the staffing industry has seen an increase in people falsely representing themselves as recruiters to gather personal information from job seekers. For your safety, do not provide sensitive data to anyone you have not spoken with thoroughly and never provide banking information during the application process. Candidate safety is a top priority at Planet Pharma.