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Assistant Controller

CellPhire

CellPhire

Accounting & Finance
Rockville, MD, USA
Posted on Thursday, May 9, 2024

Company Description

Cellphire Therapeutics is a Rockville, MD-based biotechnology company focused on developing platelet-based products to save lives. Our lead product, Thrombosomes®, is a platelet-based freeze-dried hemostatic. Cellphire’s goal is to revolutionize hemostasis management through the development of the next generation of platelet-based products that will efficiently stop bleeding. We believe that our products will ensure platelet availability to all patients regardless of location or environment.

Position Summary:

The Assistant Controller will be essential to the success of the finance team. He/she will work closely with the Controller in directing the accounting functions. The Assistant Controller will contribute to the development and maintenance of accounting systems, processes, financial reporting, planning and budgeting. He/she will assist in training staff from all functional areas of the organization. The Assistant Controller will have the opportunity to work with executive leaders of the Cellphire gaining critical knowledge about clinical trials and the biotech industry.

Job Description

Summary:

The Assistant Controller will be essential to the success of the finance team. He/she will work closely with the Controller in directing the accounting functions. The Assistant Controller will contribute to the development and maintenance of accounting systems, processes, financial reporting, planning and budgeting. He/she will assist in training staff from all functional areas of the organization. The Assistant Controller will have the opportunity to work with executive leaders of the Cellphire gaining critical knowledge about clinical trials and the biotech industry.

Essential Duties and Responsibilities:

  • Oversee the general ledger, including journal entries, account reconciliations, cash, and month-end closing processes.
  • Hands on account reconciliations including 3-way matching between AR, revenue, and unbilled.
  • Manage AR billing process, resolving issues, and “approve” billing before submittal.
  • Process semi-monthly payroll and payroll compliance with provider.
  • Leverage your Deltek Costpoint software proficiency to optimize revenue generation process and ensure accuracy of the system.
  • Oversee project accounting activities ensuring accurate tracking of project cost and revenue recognition.
  • Become independent with account/project coding in procurement software.
  • Provide guidance and train team members on timesheet coding, travel expenses, and FAR related guidance.
  • Develop onboarding for consultants and contractors to teach what is needed for invoicing.
  • Train employees on corporate spending and procurement processes.
  • Prepare and analyze financial statements, ensuring accuracy and timely reporting to management.
  • Work closely with cross-functional teams, including program management, R&D, clinical, quality, and manufacturing, to ensure alignment on budgets and objectives.
  • Ensure revenue is recorded according to ASC 606 and lease accounting to ASC 842
  • Manage US GAAP audit, Indirect Cost Submissions (ICS) and proposals.
  • Update or create accounting policies and standard operating procedures.
  • Maintain all records: account reconciliations, payroll change records etc. so they are accessible for staff and audits.
  • Assist with annual budget and reporting.
  • Assist with corporate tax return and provision.

Qualifications

Supervisory Duties:

  • Manage and mentor a team of accounting professionals, providing guidance and support in their day-to-day activities and career development.
  • Make certain finance team members are cross trained.

Qualifications:

  • Education: BA/BS degree accounting, finance or in a relevant field
  • License: CPA license, CPA candidate or demonstrate equivalent expertise in the field

Experience:

  • Proficient with Deltek Costpoint, Microsoft Excel, Office, Word, Teams, & SharePoint
  • 5+ years of progressive accounting experience
  • 2+ years of supervisory or managerial experience
  • Experience in all areas of accounting including general ledger, cash, payroll, revenue recognition, accounts receivable, accounts payable and US GAAP audits.
  • Familiarity with government project accounting principles and practices including Federal Acquisition Regulations (FAR)
  • Strong organizational and time management skills to meet deadlines and manage multiple tasks.
  • Demonstrate working knowledge practical process improvement (PPI) methods or change management skills.
  • Experience with tax compliance (income, provisions, property, franchise) a plus.
  • Excellent written and verbal communication skills including ability to clearly communicate issues to all levels of management.
  • Ability to work independently and as part of a team.
  • Strong analytical and problem-solving skills

Physical Demands:

  • Travel: N/A
  • Lifting: moving boxes of files

Additional Information

Physical Demands: Should be able to sit at the desk or stand at a computer for prolonged periods. Also, will be required to lift boxes of files.

All your information will be kept confidential according to EEO guidelines.