Assistant Controller and Director of Accounting

Assistant Controller and Director of Accounting

Assistant Controller and Director of Accounting

Vericel Corporation, 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 into the Vice President & Corporate Controller at Vericel, this individual will also have direct exposure to the CFO, 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 Assistant Controller will be responsible for leading several aspects of the Accounting and Control processes across the business.  This individual will work closely with the Vice President & Corporate Controller to  oversee month end close processes, quarterly financial filings, and control processes and procedures.  The Assistant Controller and Director of Accounting will have direct responsibility for overseeing all aspects of General Ledger and Accounts Payable, Payroll, Fixed Asset, Prepaid, Leasing and Stock compensation accounting.   In addition, the Director of Accounting will work closely with the Associate Director of Financial Reporting to support Revenue accounting.  Will also partner with FP&A leadership to track financial performance versus budget and forecasts.  This position will have 3 direct reports.

In this highly visible role, the Assistant Controller will work cross-functionally with leaders across the company to support, maintain and enhance accounting and close processes while also supporting annual and multi-year corporate planning processes and monthly and quarterly P&L performance tracking.  Additionally, the Assistant Controller will partner with senior leadership on other strategic projects, including evaluating potential business development and other potential strategic and financing transactions.

 

Key Responsibilities:

  • Oversee monthly and quarterly financial close processes and lead all general ledger and operating expense oversight
    • Ensure all expenses and activities are in compliance with US GAAP
    • Directly oversee all general ledger entries with timely and accurate reporting and all related month-end close activities
    • Manage the accounts payable department and department accrual process during month-end in addition to annual 1099 reporting
    • Oversee prepaid expenses, lease expenses and fixed assets
    • Oversee accounting for stock compensation expense including direct management with the Company’s third-party stock administrators and transfer agent, SEC Form 3/4/5 filings and management of the ESPP program
    • Assist with monthly state tax accounting and related requirements by working directly with outside tax consulting firm in addition to ad hoc tax projects (R&D tax study, etc)
    • Partner with Human Resources to manage annual benefit plan audit and IRS audits
    • Review payroll and gain a deep understanding of the payroll structure specific to Vericel’s Massachusetts based manufacturing staff.
    • Oversight of 401k accounting and other related pay rules
    • Oversee the Company’s expense reporting process
    • Manage the financial reporting of the annual Proxy
    • Work closely with internal legal department to ensure adherence to trading policies and procedures
    • Assist with treasury management including maintaining working relationship with investment manager, reviewing related monthly and quarterly accounting requirements and reviewing all cash accounting
    • Lead preparation and oversight of technical accounting memos
    • Partner with Technical Accounting and FP&A leadership on analyses of current performance
  • Ensure all proper controls processes are in place and work with external auditors to ensure all requirements are met
    • Provide support to the external accounting firm on quarterly and annual review and audit requests
    • Ensure internal control compliance (SOX) and work closely with internal and external auditors on documentation and functionality of controls
    • Enhance the Company’s policies and procedures related to multiple accounting areas
  • Manage a team of accounting professionals
    • Manage a team of three accounting professionals
    • Provide mentorship and training to the team
    • Ensure robust development plans in place for team members
  • This position can be based in Vericel's Cambridge, MA or Ann Arbor, MI office 

 

Key Skills Required for Position:

  • 10+ years of experience; CPA required
  • Bachelor’s degree in accounting required; master’s degree in accounting preferred
  • Big 4 accounting firm experience required
  • 5+ years Public company experience (which can include combination of public clients and public company experience in industry)
  • Life sciences/Biotech/Medtech experience strongly preferred
  • Expertise and experience in US GAAP accounting and SOX
  • Experience with Excel, Powerpoint and Word
  • Strategic mindset with ability to manage multiple deliverables and projects
  • Willingness to be into the details
  • Strong written and verbal communication skills

All applicants will receive consideration for employment without regard to their race, color, religion, sex, national origin, sexual orientation, gender identity, or protected veteran status and will receive consideration for employment and will not be discriminated against on the basis of disability. Vericel Corporation is an Equal Opportunity/Affirmative Action Employer.

Vericel Corporation is VEVRAA federal contractor and desires priority referrals of protected veterans for job openings at all locations within the state.

NASDAQ: VCEL

$65.76 0.97 (1.5%)
Day High: $66.5
Day Low: $64.7601
Volume: 512082
4:00 PM on
June 24, 2021
Copyright West LLC. Minimum 15 minutes delayed.

Company Presentation