Associate Director, Accounting

Flagship Pioneering, Inc.•Watertown, MA

11h

About The Position

ProFound Therapeutics is a biotechnology company discovering novel proteins and developing potential medicines and therapeutic targets. The Associate Director, Accounting will be the company’s first dedicated accounting leader, reporting to the SVP, Finance and working directly with that leader. The role will lead accounting operations, financial reporting, and the internal control environment, with responsibility for accurate and timely U.S. GAAP reporting and a disciplined, scalable close. It will establish accounting processes, policies, systems, and controls, and may build a team over time. The position has regular visibility with the CEO, leadership team, and Board. The role covers monthly, quarterly, and annual close; technical accounting for collaboration revenue, 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 well as with external advisors and service providers. The company is preparing for growing accounting complexity as its programs advance and pharma, foundation, and other partnerships expand. In the first year, success includes a documented and repeatable close with defined review standards and timely delivery; NetSuite OneWorld supporting close, accounts payable, and expense processes; written accounting positions for collaboration, licensing, and grant agreements; and a practical AI and automation roadmap with priority use cases deployed under appropriate review and controls.

Requirements

Bachelor’s degree in accounting or finance.
CPA.
At least 8 years of progressive accounting experience, including Big 4 or national firm public accounting.
Hands-on ownership of the 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 in the posting’s qualifications.
NetSuite experience.
Ability to establish scalable processes, controls, and systems in a lean organization.
Clear communication and business-partnering skills, including translating accounting matters for non-finance leaders.
High degree of integrity, strong attention to detail, and 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 the 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 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 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 of NetSuite OneWorld and optimize 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, 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.