Senior Accountant

As a Senior Accountant at Formation Bio, your responsibilities will include leading the monthly close process, overseeing third-party payment expenses, and conducting monthly balance sheet reconciliations. Additionally, you'll collaborate with the Strategic Finance team to analyze actuals and their implications for future results while also supporting technical accounting requests as needed.

To qualify for the Senior Accountant role at Formation Bio, candidates should have a Bachelor's degree in Accounting, Finance, or a related field, along with at least 3 years of experience in public accounting or an in-house finance department. A strong understanding of GAAP, experience with NetSuite or similar ERPs, and proficiency in Microsoft Excel are essential for success in this position.

The Senior Accountant plays a critical role in enhancing the efficiency and structure of Formation Bio’s financial reporting. By leading the monthly close process and performing detailed reconciliations, this position ensures accurate financial information is available for management and stakeholders, supporting the company’s mission to accelerate drug development.

At Formation Bio, the target salary range for the Senior Accountant role is between $100,000 and $125,000 depending on your experience and location in the NYC Metro Area. In addition to a competitive base salary, we provide equity opportunities, generous perks, and comprehensive benefits to support your well-being.

The company culture at Formation Bio emphasizes collaboration and innovation. As a Senior Accountant, you will be part of a team that values accountability and creativity, encouraging all team members to take ownership of their roles while contributing to transforming the pharmaceutical landscape.

When answering this question, provide specific examples of your previous roles. Mention the types of financial reports you prepared and how you ensured accuracy. Highlight any tools or software you used, like NetSuite, and share how you collaborated with other departments to gather necessary data.

Discuss your time management skills and how you use checklists or financial management software to keep track of tasks. Mention any strategies you use to ensure that high-priority tasks are completed on time while also managing any unexpected issues that arise.

Explain the importance of GAAP compliance and your familiarity with the principles. Provide examples of situations where you've implemented GAAP procedures in your previous work, detailing how you kept up-to-date with any changes in accounting standards.

Illustrate your conflict resolution skills by discussing how you would open a dialogue to understand their perspective, use data to support your viewpoint, and work toward a collaborative solution. Emphasize the importance of maintaining a professional relationship while ensuring accurate financial reporting.

Provide specific examples from your past roles where you've successfully conducted balance sheet reconciliations. Discuss the methods you used to identify discrepancies and how you addressed them, showcasing your attention to detail and analytical skills.

List the accounting tools and software you are proficient in, such as NetSuite, advanced Excel, or any financial modeling software. Share specific examples of how you've used these tools to streamline processes or improve reporting accuracy.

Discuss any experience you have with financial system implementations. Highlight your role in the process, how you gathered requirements from stakeholders, and how you assessed the efficiency of the current system to propose necessary improvements.

Detail your experience assisting with external audits, emphasizing how you've prepared documentation and collaborated with auditors. Explain your understanding of the audit process and any successful outcomes resulting from your contributions.

Share specific methods you use to stay current with accounting regulations, such as attending webinars, following accounting news outlets, or memberships in professional organizations. Discuss how this knowledge has helped you implement changes in your previous roles.

Express your passion for accounting and how the tech-driven nature of Formation Bio excites you. Talk about the intersection of technology and finance, and how you believe it can lead to more efficient practices within the pharmaceutical industry.