Associate Director, Accounting and External Reporting

Associate Director, Accounting and External Reporting

POSITION SUMMARY

Vericel, a leader in advanced therapies for the sports medicine and severe burn care markets, has an exciting new opportunity for a high performing Finance and Accounting professional looking to join and contribute to a high growth Biotech/Medtech company with multiple Cell Therapy products on the market as well as a strong balance sheet. Reporting directly to the Assistant Controller at Vericel, this individual will also have direct exposure to the CFO and Corporate Controller as part of the Finance leadership team at Vericel. This is a great opportunity to join an exciting and fast growing $2 Billion+ market cap life sciences company with a strong institutional shareholder base.

The Associate Director, Accounting and External Reporting will be responsible for leading the SEC reporting and oversee various technical accounting areas such as stock-based compensation, leases, revenue recognition and investments. This individual will work closely with the Assistant Controller and Corporate Controller to ensure all SEC filings are filed accurately and timely and provide leadership to the revenue team. In this highly visible role, the Associate Director, Accounting and External Reporting  will work cross-functionally with leaders across the company to support, maintain and enhance our Accounting processes and SEC reporting and support the business by providing accounting guidance on various initiatives. Additionally, the Associate Director, Accounting and External Reporting  will partner with the Assistant Controller, Corporate Controller and other leaders on strategic projects, including evaluating potential business development and other potential strategic and financing transactions.

• Manage and execute the SEC filings including the 10-K, 10-Q’s and support the annual proxy
• Collaborate with FP&A, IR and Legal on various internal and external reporting matters
• Participate in quarterly earnings process, including review of earnings release and earnings call script and presentations
• Oversee the preparation of the consolidation including the preparation of the balance sheet, income statement and cash flow statements
• Oversee accounting and technical matters related to investments, leases, equity, stock compensation and any other complex areas
• Collaborate with the Accounting Manager to ensure timely and accurate completion of the month end close
• Support revenue accounting including GAAP compliance
• Advise on complex revenue matters including estimates and reserves
• Work closely with external auditors to drive timely accounting conclusions and disclosures. Act as a critical point of contact throughout the audit process for external/internal auditors and consultants on technical matters and financial reporting
• Drive continuous process improvement in both the Finance/Accounting teams as well as in external reporting and accounting processes
• Research application of accounting standards, determine potential effects to Vericel of new accounting standards and effectively communicate the impact to stakeholders throughout the company, including Senior Management
• Research various technical accounting matters, conclude on the proper U.S. GAAP treatment, document technical accounting memos and present to Senior Management and/or external auditors as needed.
• Develop, document and maintain accounting policies, including updating or developing new policies to ensure consistency and compliance with GAAP and other reporting requirements; Provide ongoing training of Company’s accounting policies
• Recommend and assist in the implementation of process improvements including automation within the ERP and other tools where possible, to simplify, standardize and streamline processes
• Manage, train and develop team members
• Ad hoc projects as needed

QUALIFICATIONS, EDUCATION AND EXPERIENCE

Leadership Qualifications:

An ongoing commitment to conducting our global business according to the highest legal and ethical standards, and to continually pursue excellence in the development and delivery of all of our products and services. This includes:

• Respecting the laws and operating within the applicable regulations of the places in which we conduct business, as well as our own Company policies and procedures.
• Being honest and treating people with respect and courtesy.
• Constantly striving to make Vericel a great place to work, and a company respected for the quality of its people and products.

Basic Qualifications:

• 8+ years of experience; CPA required
• Bachelor’s degree in accounting required; master’s degree in accounting preferred
• Big 4 or large regional accounting firm experience
• 3+ years Public company experience
• Life sciences/Biotech/Medtech experience preferred
• Expertise and experience in U.S. GAAP, ASC 606 and 842 and SOX
• Experience with Excel, PowerPoint and Word
• Experience with financial reporting tools such as Workiva and Adaptive Insights
• Strategic mindset with ability to manage multiple deliverables and projects
• Detail-oriented and strong problem-solving and issue resolution skills
• Strong written and verbal communication skills

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