Assistant Controller (Hybrid) - Madrigal Pharmaceuticals Corporation
Waltham, MA
About the Job
We are seeking a highly skilled and experienced Assistant Controller to join our finance team. The ideal candidate will have a strong background in biotech, pharmaceutical, or life sciences, with a minimum of 7 years of relevant public company industry or audit experience. Requires proven expertise in biotech/pharma revenue recognition, gross-to-net accounting, and inventory management. The role requires a “can do” attitude and be readily willing to roll up their sleeves while working in a fast-paced and evolving environment. The Assistant Controller will play a critical role in managing the company's financial operations, ensuring accurate and timely financial reporting, and supporting strategic decision-making processes.
Position Responsibilities:
- Financial Reporting: Oversee the preparation and review of monthly, quarterly, and annual financial statements in accordance with GAAP and SEC regulations.
- Revenue Recognition: Manage and ensure accurate revenue recognition in compliance with ASC 606, including gross-to-net accounting, encompassing chargebacks, rebates, and other sales deductions common in the biotech/pharma industry.
- Inventory Management: Oversee inventory accounting and ensure accurate reporting and valuation of inventory.
- ERP Experience: Demonstrated experience in ERP system implementation and maintenance, ensuring financial processes are accurately integrated.
- Internal Controls: Maintain effective internal control procedures to ensure the accuracy and integrity of financial data.
- Audit Coordination: Assist in managing the annual audit process, working closely with external auditors to ensure timely and accurate completion of audits.
- Compliance: Ensure compliance with all financial and regulatory requirements, including SOX compliance.
- Team Leadership: Supervise, mentor, and develop the accounting team, fostering a culture of continuous improvement and professional growth.
- Financial Analysis: Conduct financial analysis and provide insights to support business decisions, strategic planning, and operational efficiency.
- Process Improvement: Identify opportunities for process improvements and implement best practices to enhance the efficiency and effectiveness of the finance function.
- Special Projects: Lead or participate in special projects and initiatives as needed, including system implementations and process redesigns.
Qualifications and Skills Required:
- Education: Bachelor’s degree in Accounting, Finance, or a related field; CPA required.
- Experience: Minimum of 7 years of experience in audit (with a focus on life sciences) and in a similar industry roles, with specific experience in public companies, revenue recognition, gross-to-net accounting, and inventory management.
- Technical Skills: Expert in Microsoft Excel and Office, financial management software. Experience with system implementations, Concur and Coupa is a plus.
- Knowledge: Strong understanding of GAAP, SEC reporting requirements, and SOX compliance.
- ERP Experience: Demonstrated experience in ERP system implementation and maintenance, ensuring financial processes are accurately integrated.
- Analytical Skills: Excellent analytical and problem-solving skills with a keen attention to detail.
- Communication: Strong verbal and written communication skills, with the ability to effectively convey complex financial information to non-financial stakeholders.
- Leadership: Demonstrated ability to be productively assertive and able to lead without direct authority to problem-solve collaboration and program issues with cross-functional teams.
- Adaptability: Ability to thrive in a fast-paced, dynamic environment and manage multiple priorities effectively.
- Diligence: Detailed and Demonstrated ability to combine attention to detail with big picture perspective, operationalizing via excellence in project management and effectively managing multiple projects/priorities.
- Integrity: High ethical standard
Compensation:
Base salary is determined by several factors that include, but are not limited to, a successful candidate's qualifications, skills, education, experience, business needs, and market demands. The role may also be eligible for bonus, equity, and comprehensive benefits, which include flexible paid time off (PTO), medical, dental, vision, and life and disability insurance.
Madrigal is an Equal Opportunity Employer. All employment is decided on the basis of qualifications, merit, and business need. Applicants will receive consideration for employment without regard to race, ethnicity, color, religion, sex gender identity, sexual orientation, national origin, age, disability, protected veteran or disabled status, or other characteristic protected by applicable federal, state, or local law.
Unsolicited resumes from agencies should not be forwarded to Madrigal. Madrigal will not be responsible for any fees arising from the use of resumes through this source. Madrigal will only pay a fee to agencies if a formal agreement between Madrigal and the agency has been established.
Please be aware that we are currently receiving numerous reports of individuals misrepresenting themselves as Madrigal Pharmaceuticals’ Hiring Managers, seeking to engage with job candidates through fraudulent online advertisements or job posting sites. These unauthorized individuals are using Madrigal’s name and logo in an attempt to solicit up-front fees and obtain personal information from interested job candidates. Please know that Madrigal does not conduct interviews via text or in chat rooms; conduct interviews via Skype, RingCentral or solely via telephone; charge candidates an advance fee of any kind (e.g., fees for purchasing equipment); nor does it offer positions of employment without undergoing a thorough recruiting process. Interviews with Madrigal are conducted via the Zoom platform.
Please also note that any correspondence with regard to employment would come from an authorized madrigalpharma.com email address or from an email address from one of our trusted search firm partners. We are aware that incorrect/fraudulent email addresses, with Madrigal misspelled, have been utilized in these most recent fraud attempts. If you receive unsolicited employment offers from people claiming to work for Madrigal we recommend that you: do not respond to their questions; do not open any attachments; and do not click on any hyperlinks.
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