[Remote] Director, Accounting at Abata Therapeutics

Remote

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

BiotechnologyIndustries

Requirements

CPA or CMA license required
Bachelor’s degree (B.A.) or equivalent
At least ten years of related experience and/or training
Working knowledge of all aspects of accounting and financial reporting
Basic competence in duties and tasks of supervising employees
Ability to work with all levels of management
Strong organizational, problem-solving, and analytical skills; able to manage priorities and workflow
Versatility, flexibility, and a willingness to work within constantly changing priorities with enthusiasm
Commitment to excellence and high standards
Excellent written and verbal communication skills
Experience working with public companies and/or public accounting experience

Responsibilities

Manages and/or prepares, analyzes, and reconciles all financial statements and related reports including but not limited to balance sheets, income statements, cash-flow reports, budgets, and variance analysis
Manages all accounting functions including but not limited to accounts receivable, accounts payable, general ledger, fixed assets, payroll, and purchasing
Manages the Sarbanes-Oxley activities including updating system documentation, testing controls, remediating control deficiencies and coordination efforts with the auditors
Provides senior management with timely reviews of organization's financial status and progress
Coordinates audit activities related to the annual audit and quarterly reviews
Establishes, modifies, and coordinates the implementation of accounting systems, policies, and procedures
Keeps up to date on overall activities of the team, identifying problem areas and taking corrective actions
Manages or prepares specialized analyses in support of all business functions
Directly or indirectly supervises 1-2 employees within the finance department
Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws, including interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems
Managing the monthly book closing activities such as preparation of journal entries, financial analyses, and financial statements
Assisting with the management and execution of the independent audit

Skills

Key technologies and capabilities for this role

Journal EntriesFinancial AnalysisFinancial StatementsMonth-End CloseAudit ManagementSarbanes-OxleyProcess DocumentationControl TestingReconciliationsPublic Company Accounting

Questions & Answers

Common questions about this position

Is remote work allowed for this position?

Yes, the company is open to you working remotely.

What is the salary or compensation for the Director, Accounting role?

This information is not specified in the job description.

What experience is required for this role?

You must have experience working with public companies and/or public accounting experience to be successful in this role.

What does the team structure look like for this position?

The role directly or indirectly supervises 1-2 team members.

What makes a strong candidate for this Director, Accounting position?

Candidates with experience in public companies or public accounting, along with skills in managing monthly close, SOX compliance, audits, and financial reporting for a public biotech will stand out.

Abata Therapeutics

Develops therapies for autoimmune diseases

About Abata Therapeutics

Abata Therapeutics develops therapies for autoimmune diseases, focusing on type 1 diabetes. Their main product, ABA 201, is a Treg cell therapy aimed at patients with some remaining beta cell function. This therapy works by utilizing regulatory T cells to improve patient outcomes. Unlike many competitors, Abata targets a specific niche within the autoimmune disease market and collaborates with partners like ElevateBio for process development and manufacturing. The company's goal is to transform treatment options for autoimmune diseases through advanced research and development.

Cambridge, MassachusettsHeadquarters

2021Year Founded

$184.8MTotal Funding

EARLY_VCCompany Stage

BiotechnologyIndustries

11-50Employees

Risks

Intensifying competition from companies like Sangamo Therapeutics may impact Abata's market share.

Stringent FDA scrutiny on manufacturing could delay Abata's clinical trials.

Rising clinical trial costs pose financial risks to Abata's pipeline progression.

Differentiation

Abata focuses on Treg cell therapies for autoimmune diseases like MS and diabetes.

Their lead product, ABA 201, targets type 1 diabetes with remaining beta cell function.

Abata's strategic partnership with ElevateBio enhances their manufacturing capabilities.

Upsides

Recent investment from Bristol Myers Squibb boosts Abata's Treg therapy pipeline development.

FDA's accelerated approval pathways may expedite Abata's clinical trials.

Growing autoimmune disease prevalence increases demand for Abata's innovative treatments.

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