Associate Director, Accounting

ProFound•Watertown, MA

1d•$157,000 - $198,000

About The Position

ProFound Therapeutics is a biotechnology company discovering novel proteins across the expanded human proteome to identify therapeutic targets and develop first-in-class medicines. Its ProFoundry Platform combines protein detection, validation, computational technologies, proteomics, experimental biology and AI. Founded by Flagship Pioneering, the company works with pharmaceutical partners and the Gates Foundation. Reporting to the SVP, Finance, the Associate Director, Accounting will be ProFound’s first dedicated accounting leader. This hands-on role will lead accounting operations, financial reporting and internal controls, ensuring accurate and timely U.S. GAAP reporting through a disciplined, scalable close. The role will establish the accounting function’s processes, policies, systems and controls, with the potential to build a team as the company grows. It will work directly with the SVP, Finance and have regular visibility with the CEO, leadership team and Board. The role covers monthly, quarterly and annual close; technical accounting for collaborations, grants, equity and accruals; audit readiness and internal controls; accounting technology and automation; NetSuite OneWorld; and support for tax, insurance and treasury. It will partner across Finance, Legal, HR, R&D and CMC as ProFound’s programs and partnerships expand.

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 experience.
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, with technical depth in R&D and clinical accruals, stock-based compensation, equity and debt transactions, and leases.
Experience leading external audits; first-year audit or audit-readiness experience is preferred within the qualification statement.
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, 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 day-to-day accounting operations, including accounts payable, payroll accounting, expense management and cash.
Establish and maintain accounting policies, procedures and documentation, and ensure technical conclusions are consistently applied in the close.
Build and lead an audit-readiness program, including the processes, documentation and supporting schedules required for a future financial statement audit.
Design, document and maintain an internal control environment appropriate for a private company and scalable as it grows.
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, ERP, close, accounts payable and expense workflows.
Manage the insurance program with brokers, including renewals, coverage reviews and certificates.
Support treasury and cash operations, banking relationships, 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 and deploy priority use cases while maintaining appropriate review and controls.