R&D Senior Accounting Manager POST NUMBER: 386894

South San Francisco, CA, US Hybrid
September 20th, 2023
Healthcare Services
$ 124000.00 - 175000.00 yearly
direct hire
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R&D Senior Accounting Manager               
Our client develops life-changing medicines for patients using advanced structure-based and computational drug discovery technology. The company’s platform combines the latest advancements in visualization of molecular interactions, computational chemistry, and data integration to design orally available, superior small molecule medicines that overcome current limitations of biologic and peptide drugs. They are advancing a clinical-stage pipeline of differentiated treatments focused on chronic diseases with high unmet need, including cardiovascular, metabolic, and pulmonary conditions.

LOCATION: South San Francisco, CA. Hybrid.  3 days per week.

Position Summary
The R&D Sr. Accounting Manager 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. 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.
  • 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. 
  • 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/or prepare journal entries and related supporting work papers; ensure the quality of work product complies with SOX requirements
  • Review and analyze invoices, read contracts, and compare/ reconcile data to POs, budgets, SOW’s and/or work orders to determine the appropriate accounting treatments
  • Prepare R&D contract accounting analysis for the R&D contracts and supporting associated PO’s and SOW, to ensure proper accounting treatment for the accruals and prepaids
  • Prepare and review the R&D budget tracker workbook and ensure appropriate accounting estimates in the R&D tracker
  • Develop and maintain R&D accruals using various methodologies including % of completion, FTE reimbursement rates, etc.
  • Prepare R&D fluctuation analysis by segments (e.g., subsidiaries, programs, phases, etc.) as well as R&D-related general ledger account fluctuation analysis on a monthly basis
  • Review and/or prepare general ledger account reconciliations and other R&D analyses requested by management on a monthly basis
  • 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 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 Controller and other members of the accounting team on ad hoc projects, as needed
Education, Experience & Skills Requirements
  • BA/BS degree in accounting; CPA preferred
  • 8 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) - Highly preferred
  • 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
Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to the individual’s skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organizational needs. With that said, as required by local law, Vaco believes that the following salary range reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure: $120,000-$175,000. The individual may also be eligible for discretionary bonuses. 

Vaco values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.

EEO Notice

Vaco is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.

Vaco LLC and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco LLC and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com .

Vaco also wants all applicants to know their rights that workplace discrimination is illegal.

By submitting to this position, you agree that you will be giving Vaco the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.

Privacy Notice

Vaco LLC and its parents, affiliates, and subsidiaries (“we,” “our,” or “Vaco”) respects your privacy and are committed to providing transparent notice of our policies.

  • California residents may access Vaco’s HR Notice at Collection for California Applicants and Employees here.
  • Virginia residents may access our state specific policies here.
  • Residents of all other states may access our policies here.
  • Canadian residents may access our policies in English here and in French here.
  • Residents of countries governed by GDPR may access our policies here.

Pay Transparency Notice

Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to:

  • the individual’s skill sets, experience and training;
  • licensure and certification requirements;
  • office location and other geographic considerations;
  • other business and organizational needs.

With that said, as required by local law, Vaco believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.

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