Senior Accountant

About Formation Bio

Formation Bio is a tech and AI driven pharma company differentiated by radically more efficient drug development. 

Advancements in AI and drug discovery are creating more candidate drugs than the industry can progress because of the high cost and time of clinical trials. Recognizing that this development bottleneck may ultimately limit the number of new medicines that can reach patients, Formation Bio, founded in 2016 as TrialSpark Inc., has built technology platforms, processes, and capabilities to accelerate all aspects of drug development and clinical trials. Formation Bio partners, acquires, or in-licenses drugs from pharma companies, research organizations, and biotechs to develop programs past clinical proof of concept and beyond, ultimately helping to bring new medicines to patients. The company is backed by investors across pharma and tech, including a16z, Sequoia, Sanofi, Thrive Capital, Sam Altman, John Doerr, Spark Capital, SV Angel Growth, and others. 

You can read more at the following links:

• Our Vision for AI in Pharma
• Our Current Drug Portfolio
• Our Technology & Platform

At Formation Bio, our values are the driving force behind our mission to revolutionize the pharma industry. Every team and individual at the company shares these same values, and every team and individual plays a key part in our mission to bring new treatments to patients faster and more efficiently.

About the role

We are looking for a driven and organized senior accountant who is excited to join a fast-paced and collaborative team. The person who will excel in this role is a fast learner who will quickly learn how things are currently done, take full ownership of key processes and continually seek to identify and implement improvements. This person should be ready to roll up their sleeves and get into the details. This role is critical in enhancing the efficiency and structure of Formation Bio's financial reporting.

Responsibilities

• Lead the monthly close and handle complex components of the process
• Manage the company’s expenses for 3rd party payments
• Perform monthly balance sheet reconciliations
• Conduct financial system implementations, integrations, and improvements
• Perform regular flux analysis to deliver key insights to the team and key stakeholders
• Collaborate with Strategic Finance to deliver insights from actuals and how they impact future results
• Collaborate cross-functionally with other departments
• Support technical accounting requests, such as stock comp, ASC 842, taxes as needed
• Assist in external financial audit with timely and accurate PBC requests and supporting schedules
• Respond to ad hoc financial requests and implement processes to support them

About You

• 3+ years of experience in public accounting or in-house Finance/Accounting department with a bachelor’s degree in accounting/finance/related field
• Detail oriented and ownership mentality
• Willingness to go above and beyond expectations
• NetSuite or similar ERP experience
• GAAP proficient
• Strong understanding of how the financial statements interact
• Strong proficiency in Microsoft Excel

This role is based in our New York City office. Please only apply if you reside in a commutable distance or are willing to relocate.

Compensation:

The target salary range for this role is: $100,000 - $125,000.

Salary ranges are informed by a number of factors including geographic location. The range provided includes base salary only. In addition to base salary, we offer equity, comprehensive benefits, generous perks, hybrid flexibility, and more. If this range doesn't match your expectations, please still apply because we may have something else for you.

You will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

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