Senior Accountant at Abata Therapeutics

South San Francisco, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Biotechnology, PharmaceuticalsIndustries

Requirements

Bachelor’s degree in Accounting, Finance, or a related field
Minimum 5 years’ experience in accounting, including at least 2 years in a senior or lead role
Strong understanding of US GAAP
Proficiency in NetSuite accounting software
Advanced Excel skills and familiarity with financial analysis tools
Excellent analytic, written, verbal and organizational skills with a proven ability to manage conflicting priorities to deliver a high-quality work product
Highly self-motivated individual who is disciplined, detail-oriented, and works well under pressure in a fast-paced deadline-oriented environment
Advanced Excel and Google Suite of products (Sheets, Docs, Slides) is a plus
Biotech/pharmaceutical industry experience preferred

Responsibilities

Support and adhere to a monthly close and year-end close schedule by preparing accurate journal entries and completing reconciliation and analyses for various accounts timely
Assist with monthly management financial packages (with analysis) and other management reports as requested (this includes understanding and clearly articulating the financial results of the company and preparing balance sheet, income statement fluctuation)
Coordinate with external auditors and provide required audit support
Prepare and support tax PBC request in various area (including federal, state and tax provision for audit requirement)
Process and oversee payroll through PayPro, ensuring accuracy in employee compensation, deductions, benefits, and tax withholdings
Reconcile payroll-related accounts and prepare payroll journal entries
Maintain confidentiality and ensure data integrity in all payroll and employee financial records
Assist account payable operations, including vendor invoices, payment processing, and purchase order reconciliation
Identify opportunities to automate and improve accounting processes using ERP systems or other tools
Work with cross-functional teams across the company to ensure proper support for the business unit
Work on ad-hoc request as needed and directed by management

Skills

Key technologies and capabilities for this role

Journal EntriesAccount ReconciliationFinancial ReportingPayroll ProcessingPayProTax ComplianceAudit SupportMonthly CloseYear-End CloseBalance Sheet AnalysisIncome Statement Analysis

Questions & Answers

Common questions about this position

What qualifications are required for the Senior Accountant role?

Candidates need a Bachelor’s degree in Accounting, Finance, or a related field, minimum 5 years’ experience in accounting with at least 2 years in a senior or lead role, strong understanding of US GAAP, proficiency in NetSuite, advanced Excel skills, and excellent analytic, written, verbal, and organizational skills.

What is the salary or compensation for this position?

This information is not specified in the job description.

Is this Senior Accountant role remote or onsite?

This information is not specified in the job description.

What does the work environment look like at Xaira Therapeutics?

The role involves working in a fast-paced environment, collaborating with cross-functional teams, supporting business units, and implementing process improvements.

What makes a strong candidate for this Senior Accountant position?

A strong candidate will have at least 5 years of accounting experience including 2 years in a senior role, proficiency in NetSuite and advanced Excel, strong US GAAP knowledge, and proven skills in analytics, communication, and managing priorities in a fast-paced setting.

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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