Associate Director, Accounting

Flagship Pioneering•Watertown, MA

About The Position

ProFound Therapeutics is seeking its first dedicated accounting leader to build and lead accounting operations, financial reporting, and the internal control environment. Reporting to the SVP, Finance, the Associate Director will own accurate and timely U.S. GAAP reporting, establish a disciplined and scalable close, and develop the systems, policies, and controls needed to support the company’s growth. This hands-on role will shape the accounting function and its processes, systems, controls, and team over time, with regular visibility to the CEO, leadership team, and Board. The role covers close and financial reporting, technical accounting for collaboration revenue, grants, equity and accruals, audit readiness and controls, accounting technology and automation, NetSuite OneWorld, and support for tax, insurance, and treasury. The position partners across Finance, Legal, HR, R&D, and CMC, and works with external advisors and service providers. In its first year, the role is expected to advance audit readiness and repeatable close processes, support NetSuite OneWorld for accounting operations, document accounting positions for collaboration, licensing, and grant agreements, and establish a practical AI and automation roadmap.

Requirements

Bachelor’s degree in accounting or finance.
CPA required.
At least 8 years of progressive accounting experience, including Big 4 or national firm public accounting.
Hands-on ownership of monthly, quarterly, and annual close and GAAP financial statements.
Prior management experience leading accounting staff and external providers.
Strong knowledge of U.S. GAAP and internal controls.
Technical depth in R&D and clinical accruals, stock-based compensation, equity and debt transactions, and leases.
Experience leading external audits, ideally including a first-year audit or audit-readiness effort.
NetSuite experience.
Ability to establish scalable processes, controls, and systems in a lean organization.
Clear communication and business-partnering skills, including explaining accounting matters to non-finance leaders.
High degree of integrity and strong attention to detail.
Advanced Excel proficiency.

Nice To Haves

Biotechnology, pharmaceutical, or life sciences experience, ideally in a venture-backed or growth-stage company.
NetSuite OneWorld implementation experience.
Multi-entity accounting, intercompany, and consolidation experience.
Public company, SOX, or IPO-readiness experience.
Experience in the Flagship Pioneering ecosystem or a similar venture-creation model.
Experience with collaboration and licensing arrangements.

Responsibilities

Lead monthly, quarterly, and annual close processes, including the close calendar, review standards, and timely delivery of accurate U.S. GAAP financial statements.
Oversee general ledger accounting, journal entries, account reconciliations, flux analyses, and supporting schedules.
Own accounting for revenue recognition, R&D and CRO/CMO accruals, prepaids, fixed assets, leases, equity and stock-based compensation, and debt.
Account for pharma collaboration and licensing agreements, including upfront, milestone, and cost-sharing terms under ASC 606 and ASC 808.
Account for grant and foundation funding, track restricted funds, and prepare financial reports for funders.
Oversee accounts payable, payroll accounting, expense management, and cash-related accounting operations.
Establish and maintain accounting policies, procedures, and documentation, and ensure technical conclusions are consistently applied.
Build and lead the audit-readiness program, including processes, documentation, and supporting schedules for a future financial statement audit.
Design, document, and maintain an internal control environment appropriate for a private company and scalable with growth.
Prepare internal financial statements and accounting inputs for leadership, Board, investor, and lender reporting.
Partner with external technical accounting advisors and valuation specialists on complex or non-routine transactions.
Coordinate tax compliance and filings with external tax advisors.
Continue the accounting design and optimization of NetSuite OneWorld and improve ERP, close, AP, and expense workflows.
Manage the company’s insurance program with brokers, including renewals, coverage reviews, and certificates.
Support treasury and cash operations, banking relationships, and debt compliance and covenant reporting.
Manage outsourced accounting, tax, payroll, and other service providers, bringing work in-house as the company scales.
Partner with FP&A, Legal, HR, R&D, and CMC on accruals, contracts, source data, and accounting implications of business activities.
Work with FP&A on budget-to-actual analysis, spend tracking, and accounting data supporting burn and cash runway.
Support financing transactions, business development, and other strategic initiatives as needed.
Develop a practical AI and automation roadmap for accounting, deploying priority use cases while maintaining appropriate review and controls.