Sr. R&d, Accounting Manager

Structure Therapeutics develops life‐changing medicines for patients using advanced structure‐based and computational drug discovery technology. The company’s platform combines the latest advancements in visualization of molecular interactions, computational chemistry, and data integration to design orally available, superior small molecule medicines that overcome current limitations of biologic and peptide drugs. We are advancing a clinical‐stage pipeline of differentiated treatments focused on chronic diseases with high unmet need, including cardiovascular, metabolic, and pulmonary conditions.

Structure Therapeutics is led by an experienced group of international drug innovators and financed by top-tier global life sciences investors. The company has completed an initial public offering (IPO) in February of 2023. With offices in California and Shanghai, Structure Therapeutics has the benefit of being at the center of life science innovation in both the US and China and capitalizing on the strengths of each geographic location.

Position Summary

The R&D, Sr. Accounting Manager is an integral part of a growing accounting team and oversees the R&D-related accounting close process primarily focused on Research and Development accruals with the Research and Development Teams in Shanghai and the United States and will report to Director of Accounting. This position will partner extensively with the Financial Planning & Analysis (FP&A) team to ensure a thorough understanding of various R&D programs, in-licensing milestone achievements and lead the accurate and timely completion of the R&D-related accounting close. A successful candidate enjoys working in a fast-paced and rapidly growing environment, is result-oriented, analytical, has strong attention to detail, and is highly motivated to deliver excellence in their work. #hybrid

Essential Duties and responsibilities

• Manage the monthly R&D-related accounting close to ensure accurate and timely completion of expenses, prepayments and deposits, and accrual accounts. This involves communication with the R&D Teams in Shanghai as well as the U.S.
• Develop and maintain R&D accruals using various methodologies including % of completion, FTE reimbursement rates, etc.
• Review and/or prepare journal entries and related supporting work papers; ensure the quality of work product complies with SOX requirements
• Attend R&D project team meetings and review project management portfolio updates to better understand the status of the company’s R&D programs to better facilitate the R&D accrual process
• Review and analyze invoices, contracts, SOW’s and/or work orders, and reconcile data to POs and budgets to determine the appropriate accounting treatments
• Prepare and review the R&D budget tracker workbook and ensure appropriate accounting estimates in the R&D tracker
• Prepare R&D fluctuation analysis by segments (e.g., subsidiaries, programs, phases, etc.) as well as R&D-related general ledger account fluctuation analysis
• Review and/or prepare general ledger account reconciliations and other R&D analyses
• Liaison between the R&D project teams and FP&A team regarding the monthly R&D Research accruals under review; guide the proper accounting treatment of R&D-related transactions
• Coordinate with the Head of Finance and Sr. Controller in China and other accounting U.S. team members in identifying, researching, and documenting significant accounting matters
• Manage the quarterly review, interim and year-end audit, and tax requirements related to R&D-associated activities; drive closure of any internal/ external request/open items on a timely basis
• Identify opportunities to reduce the R&D-related accounting close cycle, enhance existing procedures
• Assist the accounting team on ad hoc projects, as needed
• Ability to work Shanghai hours at quarter end

CORE COMPETENCIES, KNOWLEDGE AND SKILL REQUIREMENTS:

• Advanced user of Excel
• Experience with Netsuite
• Strong work ethic and ability to thrive in a complex environment handling different R&D programs of various affiliates and subsidiaries
• Able to work with a high volume of transactions in a fast-paced environment
• Results and goal-oriented mindset with an opportunistic eye toward process improvements
• Excellent communication and written skills and collaborative mindset with FP&A and the R&D scientific project owners

REQUIREMENTS

Education

• BA/BS degree in accounting

Experience

• 6-9+ years of  progressive experience (combination of big 4 in Biotech clients with expertise in auditing R&D accounts and clinical stage biotech/pharma industry experience) - Highly preferred

Licenses or Certifications

• CPA preferred

The target salary range for this full-time role is $154,600 - $185,600 + bonus + equity + benefits.  Structure Therapeutics determines salary ranges based on level and scope of responsibilities, as well as location. Individual pay is further determined by additional factors, including relevant experience, specific job skills, education and training. More details about the specific salary range for your location will be discussed with you during the hiring process by the StructureTx Talent Acquisition Team.