Director of Accounting

Solid Biosciences

Solid Biosciences

Accounting & Finance
Charlestown, Boston, MA, USA
Posted on Wednesday, January 31, 2024
Director of Accounting
Solid Summary:
Solid Biosciences is a life science company focused on advancing a portfolio of neuromuscular and cardiac programs, including SGT-003, a differentiated gene therapy candidate for the treatment of Duchenne, AVB-401, a gene therapy program for the treatment of BAG3 mediated dilated cardiomyopathy, AVB-202-TT, a gene therapy program for the treatment of Friedreich’s Ataxia, and additional assets for the treatment of fatal cardiac diseases. Solid aims to be the center of excellence across a given disease spectrum bringing together those with expertise in science, technology, disease management, and care. Patient-focused and founded by those directly impacted, Solid’s mandate is to improve the daily lives of patients living with these devastating diseases.
Position Summary:
Solid Biosciences is looking to hire a proactive and dedicated Director of Accounting to join our fast-paced and collaborative Finance team. In this position, you will be responsible for processing and overseeing monthly financial close procedures, performing equity accounting, monitoring of internal controls and SOX compliance, and overseeing the accounts payable and payroll functions. You will play a key role in the preparation and drafting of the Company’s quarterly and annual financial statements with the SEC and performing technical accounting research and assessments as needed. Additionally, you will be responsible for treasury operations across multiple corporate entities and help collaboratively plan for and execute entity level funding and manage banking and asset management relationships.
Monthly/Quarterly Close (40%):
  • Maintain and oversee all aspects of the monthly and quarterly close procedures including preparing/reviewing journal entries and preparing/reviewing all balance sheet reconciliations including complex and technically challenging accounts;
  • Maintain and ensure others adhere to the close calendar and deadlines;
  • Develop employee skills and performance through appropriate delegation, training and coaching;
  • Respond to auditor requests and ensure that all audit requests are provided on a timely basis
  • Play a key role in establishing effective accounting policies, procedures, and internal control framework
  • Assist with continuous process improvement initiatives
Internal Controls and SOX Compliance (25%):
  • Provide oversight of the continuous development and management of internal controls under SOX 404 compliance, including recommendations for business process improvements
  • Plan, lead and execute the Company's SOX program including performing risk assessments, leading walkthroughs and overseeing tests of design and operational effectiveness of business controls
  • Assess new processes and supporting applications along with changes to existing processes to identify financial and operational risks before launch, providing recommendations for improvement
  • Assess and advise in the design of controls /opportunities for control rationalization
  • Work closely with internal audit team
Tax and Tax-Related Reporting (10%):
  • Review tax provision memo and calculation
  • Review annual tax returns
  • Respond to tax preparer and auditor requests to ensure timely filings of tax related items
  • Maintain and oversee reporting requirements related but not limited to State Taxes, Federal Taxes, Sales & Use Taxes, R&D Census and other quarterly Census
Accounts Payable and Payroll (10%):
  • Oversee accounting staff responsible for these areas
  • Perform bi-weekly review of payroll and weekly review of payment run
  • Cross train in payroll processing and process payroll as needed
SEC Reporting/Technical Accounting (10%):
  • Participate in the coordination and preparation of quarterly reports, annual reports, current reports, and proxy, including working cross functionally to collect information and input into SEC filings, coordinating, reviewing, and collecting comments on various drafts, helping ensure appropriateness of disclosures, completing relevant disclosure checklists and reporting questionnaires
  • Cross train and provide back-up assistance for:
  • Review and approve XBRL tagging of financial statements under US GAAP
  • Prepare tie-out support for all SEC filings
  • Prepare GAAP disclosure checklists
  • Ensure financial statements are prepared in accordance with US GAAP and SEC regulations including newly issued accounting pronouncements
  • Assist legal team with Section 16 beneficial ownership form filings (i.e. Forms 3, 4, and 5Prepare consolidations, cash flow statement, statement of stockholders’ equity and EPS calculations;
  • Prepare Stock Based Compensation calculations and update ASC 718 memo on a quarterly basis;
  • Review quarterly equity reports and vouch new grants/cancelations to support documentation
  • Proactively monitor newly issued accounting pronouncement and manage the company’s timely implementation of relevant pronouncements
  • Identify complex transactions requiring technical analysis and perform research and prepare technical memos on the transactions
Treasury Operations (5%)
  • Manage external banking and asset management footprint
  • Work with FP&A to determine quarterly funding needs across the organization
Basic Qualifications:
  • Strong time management and organizational skills
  • Proactive, action orientated, strong judgement
  • Outstanding work ethic and ability to work under pressure
  • Ability and willingness to meet business critical deadlines and collaborate with team members
  • Ability to prioritize and manage multiple obligations, work cross-functionally and meet tight deadlines
  • Strong analytical, problem solving and financial troubleshooting skills
  • Good interpersonal skills, including ability to translate financial concepts to individuals at all levels, including finance and non-finance
  • Effective communicator, with excellent written and verbal communication skills with both peers and C-level executives
  • Unimpeachable integrity and ethics
Years of Experience:
  • Bachelor's degree in Accounting, Finance, or Business Administration with 7-10+ years of experience in accounting required, all public or a combo of public and private
  • CPA a must
  • Strong understanding of US GAAP and SOX 404 compliance requirements
  • Revenue accounting experience a plus
  • Excellent Microsoft Office skills (Excel, PowerPoint, Word)
  • Experience with Net Suite
  • Experience with Active Disclosure
  • Prior people management experience a plus
  • Prior Biotechnology industry experience a plus
Travel Commitment:
  • No travel required