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Assistant Controller

Company: Marengo Therapeutics
Location: Cambridge
Posted on: June 22, 2022

Job Description:

Job SummaryReporting to the CFO, the Assistant Controller will be responsible for the accounting function across the company and will lead the day-to-day finance operations. They will be responsible for establishing and implementing accounting/financial strategies, systems, and processes as well as company-wide processes. Responsibilities and Duties Month-End Close

  • Manage all including preparing or oversight of month-end journal entries, producing timely accurate financial statements, explanation of variances, leading the monthly close meetings, and ensuring that all account reconciliations are complete
    • Develop a standardized accounting close process and timeline to deliver accurate and timely data for financial reporting purposesGeneral Ledger, Accounting, Treasury & Accounts Payable
      • Manage all day-to-day financial activities including accounting, payables, treasury, etc.
        • Maintain general ledger, chart of accounts, and reporting
          • Primary liaison for banking relationship
            • Oversee AP and determine standardized processes pertaining to payment terms/approvals
              • Ensure compliance of accounting and financial reporting with IFRS and GAAP. Research the proper GAAP/IFRS approach to new and various transactions as needed.
                • Manage assets and CapExAssist in guiding the company on system advances as it relates to the accounting area
                • Processes and Procedures Management
                  • Ensure quality control with financial transactions, financial reporting, departmental processes and policies. Continuously improve financial processes and procedures. Create, implement, and ensure necessary accounting procedures, processes, and internal controls, while fostering a culture of understanding and compliance.
                    • Prepare payroll, 401k, HSA, HRA and ensure funding, reporting, and complianceAudit/Budget - Coordinate and lead annual audit process to ensure timely completion and accurate results - Provide deliverables of audit requirements including the audited financials and footnotes - Assist with budget and forecast cycleTax/Payroll/401k - Coordinate preparation of state and federal tax filings and regulatory reporting - Manage the company 401k plan including contributions, compliance, and annual filings - Manage payroll processAccounting Staff - Opportunity to hire, supervise, develop, and mentor staff as company growsSystems/Special Projects - Manage or assist in the implementation of systems as needed - Participate in special projects and perform other duties as needed Qualifications and Skills - Bachelor's degree in Accounting required and public accounting experience (Must be current/former CPA); Master's a plus - Minimum of 5-7 years of total accounting experience with 2 years of management responsibility, preferred; experience in a biotech environment is required - Demonstrated success in fast paced, rapidly growing business environments - Experience with audits and with creating financial statements - Thorough knowledge of accounting principles and procedures and understanding of GAAP, including stock compensation treatment. Knowledge and experience with equity accounting. - Strong analytical and financial reporting technical skills - Outstanding computer skills including Excel, Word and PowerPoint - Prior IPO or clinical trial accounting experience a plus

Keywords: Marengo Therapeutics, Cambridge , Assistant Controller, Accounting, Auditing , Cambridge, Massachusetts

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