Executive Director Controller

Madrigal is a biopharmaceutical company focused on delivering novel therapeutics for metabolic dysfunction-associated steatohepatitis (MASH), a serious liver disease that can progress to cirrhosis, liver failure, need for liver transplantation and premature mortality. Every member of our Madrigal team is connected by our shared purpose: leading the fight against MASH.

Madrigal’s medication, Rezdiffra (resmetirom), is a once-daily, oral, liver-directed THR-β agonist designed to target key underlying causes of MASH. Rezdiffra is the first and only medication approved by both the FDA and European Commission for the treatment of MASH with moderate to advanced fibrosis (F2 to F3). An ongoing Phase 3 outcomes trial is evaluating Rezdiffra for the treatment of compensated MASH cirrhosis (F4c).

Our success is driven by our people. We are building a dynamic, inclusive, and high-performing culture that values scientific excellence, operational rigor, and collaboration. To support our continued growth, we are strengthening our workforce strategy to ensure we have the right talent, at the right time, in the right way.

The Executive Director, Corporate Controller, is a key finance leader responsible for core accounting operations ensuring accuracy, compliance with U.S. GAAP, delivering timely financial and statutory reporting. This strategic, yet hands-on role, will report to the Chief Accounting Officer working closely with peers, cross-functional executives, corporate enabling functions, and key external partners.

The Corporate Controller leads the close process, compliance with regulatory requirements, drives optimization of financial systems, and implements process improvements to enhance efficiency, strengthens internal controls, and supports risk management.

We are seeking leaders that are results-oriented, highly organized, and able to prioritize key initiatives, with strong attention to detail and dedication to quality and timely execution. They should be an effective communicator with strong interpersonal skills and have the ability to flex their management style, possess a “can do” attitude and a continuous improvement mindset to evolve the function’s capabilities, processes, and technologies to enable business priorities.

The successful candidate will have a strong background in accounting and finance, excellent leadership skills, and the ability to work collaboratively with global cross-functional teams.

Responsibilities

Manage the day-to-day operations of the accounting department to support the needs of a publicly traded company, including timely and accurate month-end, quarter-end, and year-end close processes and compliance with regulatory requirements (i.e. SEC filings, statutory financial statements etc.). Collaborate with various internal and external partners, including non-finance operating teams, to provide financial data timely, share relevant insights and strategic recommendations to senior management and cross functional stakeholders.

Key areas of oversight include revenue recognition (gross to net accounting), general ledger, cost of goods sold (COGS), clinical trial accruals, payroll, travel and expense, and accounts payable.  Specifically:

• Oversee revenue accounting in compliance with ASC 606, gross to net accounting and government pricing calculations and compliance.

• Partner with supply chain teams to ensure accurate COGS reporting and inventory valuation.

• Direct the collaboration with R&D FP&A partners to ensure accurate and timely accruals for clinical studies and R&D activities.

Maintain, update and create global accounting policies and position papers to support US GAAP; review that underlying processes, systems and the broader control environment to support compliance with global accounting policies and other regulatory requirements.

Collaborate with technical accounting team to review complex accounting transactions, proposed accounting treatments and approach to operationalize policies; partner with global accounting talent to ensure that operational aspects of any policy and systems implementations are compliant with applicable standards and requirements.

Lead the engagement with external auditors in support of annual audits, quarterly financial reviews, and internal controls testing, partnering with internal and external stakeholders as appropriate.

Ensure that internal controls over financial reporting are designed and operate effectively.

Serve as the business owner for relevant accounting systems supporting financial reporting, including ERP and adjacent systems; collaborate with members IT leadership to evolve and develop a financial systems roadmap and infrastructure that will support significant growth and effectively scale with increased complexity.

Identify opportunities for automation of manual processes and lead system implementations to streamline accounting, reporting processes and controls.

Collaborate with other finance teams such as Financial Planning and Analysis, International Finance, and Tax to ensure that actual results for responsible areas are consistent with expected or forecasted results; understand key differences and validate that differences related to different applications of accounting-US GAAP vs management reporting-are identified and reconciled.

Partner with FP&A and assist in the preparation of annual budgets and quarterly forecasts.

Collaborate with Human Resources to deliver payroll processing and enable related control activities.

Manage treasury activities including cash management, banking relationships and reporting, and broader risk management programs (i.e. insurance)

Develop staff to ensure smooth transfer of knowledge for key positions, and support, hire and train to ensure appropriate succession planning and staff development.

Qualifications

Bachelor's or master's degree in Accounting, Finance, or a related field

CPA certification is required.

18+ years of experience in finance and accounting, with at least 3 years of experience in a leadership role

Strong knowledge of GAAP and financial reporting requirements

Experience with the application of Sarbanes Oxley (SOX) required.

Experience in the biotech or life sciences industry is strongly preferred.

Excellent leadership and communication skills, with the ability to collaborate effectively with cross-functional teams.

History of productive and collaborative relationships with assorted audit teams and other necessary third parties

Strong analytical skills and the ability to provide strategic recommendations based on financial data.

Ability to work in a fast-paced environment and manage multiple priorities, while filling gaps as needed.

Experience with financial software, such as NetSuite or similar solutions, as well as experience overseeing systems/application implementations, integrations and migrations preferred.

Ability to deliver thoughtful and clear work products to a high standard and communicate this effectively in writing and orally.

Strong understanding of commercial business, ideally in the pharmaceutical sector

Ability to be productively assertive and able to lead without direct authority to problem-solve collaboration and program issues with cross-functional teams.

Track record of excellent judgment: an ability to make decisions independently and to know when it is appropriate to partner with senior management to enable decision-making.

Demonstrated ability to combine attention to detail with big picture perspective, operationalizing via excellence in project management and effectively managing multiple projects/priorities.

Acts to surpass goals, is proactive, hands-on, takes initiative, and seizes opportunities.

Ability to benchmark own performance against industry best practices and the ability to build the functional roadmap to deliver against functional performance metrics and enterprise priorities.

Continuous improvement mindset addressing talent capabilities, end to end processes and incorporating automation and best-in-class technology solutions, raising quality and productivity in a strategic way.

Madrigal’s Total Rewards strategy is based on a biotech industry peer group comparator and is inclusive of base pay, bonus and equity. Our equity offers meaningful opportunity allowing our employees to share in the success they help create. By aligning individual and company performance, we empower employees to think like owners, giving them a stake in the organization.

All employees receive equity, which we believe reinforces our ownership culture. Base salary is determined by several factors including the candidate’s qualifications, skills, education, experience, business needs and market demands.  As of the date of this posting, a good faith estimate of the current pay scale for this position, applicable to all candidates, is $274,000 - $335,000 per year.  We comply with all applicable minimum wage laws.

All full-time employees receive equity, which reinforces our ownership culture and offers meaningful opportunity for our employees to share in the success they help create. By aligning individual and company performance, we empower employees to think like owners, giving them a stake in the organization.  

Full-time employees are also eligible for comprehensive benefits, including flexible paid time off, medical, dental, vision and life/disability insurance, and 401(k) offerings (i.e., traditional, Roth, and employer match) in accordance with applicable plans. We also offer additional voluntary benefits like supplemental life insurance, legal services, and other offerings. In addition, we offer mental health benefits through our Employee Assistance Program for employees and their family. The company also provides other benefits in accordance with applicable federal, state, and local laws. 

We are committed to providing reasonable accommodations for individuals with disabilities throughout the hiring process. If you need assistance, please contact [email protected]. 

Madrigal is an Equal Opportunity Employer. All employment is decided on the basis of qualifications, merit, and business need. Applicants will receive consideration for employment without regard to race, ethnicity, color, religion, sex gender identity, sexual orientation, national origin, age, disability, protected veteran or disabled status, or other characteristic protected by applicable federal, state, or local law. 

Unsolicited resumes from agencies should not be forwarded to Madrigal. Madrigal will not be responsible for any fees arising from the use of resumes through this source. Madrigal will only pay a fee to agencies if a formal agreement between Madrigal and the agency has been established. 

Applications are being accepted on an ongoing basis and can be submitted through our Madrigal Careers site. 

Please be aware that we have received reports of individuals misrepresenting themselves as Madrigal Pharmaceuticals’ Hiring Managers, seeking to engage with job candidates through fraudulent online advertisements or job posting sites. These unauthorized individuals are using Madrigal’s name and logo in an attempt to solicit up-front fees and obtain personal information from interested job candidates. Please know that Madrigal does not conduct interviews via text or in chat rooms; conduct interviews via Skype, RingCentral or solely via telephone; charge candidates an advance fee of any kind (e.g., fees for purchasing equipment); nor does it offer positions of employment without undergoing a thorough recruiting process.  

Please also note that any correspondence with regard to employment would come from an authorized madrigalpharma.com email address or from an email address from one of our trusted search firm partners. We are aware that incorrect/fraudulent email addresses, with Madrigal misspelled, have been utilized in these most recent fraud attempts. If you receive unsolicited employment offers from people claiming to work for or on behalf of Madrigal, we recommend that you: do not respond to their questions; do not open any attachments; and do not click on any hyperlinks. Any questions regarding the legitimacy of job-related contacts can be directed to [email protected].