Assistant Controller

Accounting / Finance (120) · Seattle, Washington
Department Accounting / Finance (120)
Employment Type Full-Time
Minimum Experience Manager/Supervisor

Company:

 

Chinook Therapeutics is a clinical-stage biotechnology company developing precision medicines for patients with kidney diseases. We apply our proprietary research platform to discover and develop therapies with novel mechanisms of action in key kidney disease pathways. Our development focus is on rare, serious disorders with clear unmet medical needs and well-defined clinical development opportunities. Our lead program, atrasentan, is a potent and selective, small molecule inhibitor of the endothelin A receptor that is planned to move into a phase 3 registrational trial for IgA nephropathy and a phase 2 basket trial for glomerular diseases, in 2021. We are advancing BION-1301, an anti-APRIL monoclonal antibody, in an ongoing phase 1b trial for IgA nephropathy, and CHK-336, an oral small molecule LDHA inhibitor for primary hyperoxaluria, towards trial initiation in 2021. Our pipeline also includes several additional preclinical programs at the validation and lead optimization stages, and we continue to actively evaluate business development opportunities around early and late-stage clinical assets in kidney disease. 

 

Chinook completed the third quarter of 2020 with over $290 million in operating capital and trades on Nasdaq under the ticker symbol, “KDNY.”  The company has locations in Vancouver, BC, Seattle, WA and Berkeley, CA.


Position Summary:


The Assistant Controller will play an integral role leading and managing the company’s accounting and GL operations functions. This position will be responsible for the monthly close process, all aspects of accounting operations, setting internal accounting policies, assisting with driving process and system changes to help scale for future growth. This position will also participate in a variety of other activities, including coordination of quarterly reviews and annual audits and tax compliance. This is an excellent opportunity to help shape the Finance function and be part of an exciting and dynamic environment at a rapidly growing biotech company.

 

Specific Responsibilities:


Financial Close & Reporting

  • Manage month-end and quarter-end financial reporting and close calendars ensuring timely and accurate completion
  • Ownership of the GL and trial balance, including the accuracy of such financial data
  • Perform variance analyses on financial statements to identify adjustments and issues
  • Assist in stock compensation and equity accounting, including stock-based compensation expense calculation and assumption evaluation
  • Develop and prepare the monthly management reporting package
  • Assist in preparing schedules for the SEC filings and press releases
  • Ensures financial data is in accordance with US GAAP
  • Proactively identify accounting & disclosure issues as a result of changes and business transactions
  • Prepare audit requests and assist in the research and analysis of audit inquiries

 Accounting Operations

  • Responsible for all aspects of global accounting operations, including general ledger, cash, clinical trials, collaboration accounting, prepayments, fixed assets and accounts payables
  • Review journal entries and reconciliations for all responsible areas prepared by other team members

ensuring accounting and coding are in accordance with accounting standards

  • For more judgmental and complex areas, book journal entries and perform account reconciliations
  • Establish relationships with and work closely with business owners to identify financial drivers, monthly accruals and other transactions impacting accounting or financial processes
  • Manage cash balances to ensure appropriate funding levels for operating needs
  • Manage accounts payables, including review of invoices and coding, ensuring timely payments, vendor management, and review of subsequent disbursements
  • Manage travel and expense reporting and accounting, including proper coding and accruals
  • Manage a team of 2-3 individuals by leading the team to meet deadlines, follow established processes and proactively address issues in a dynamic and constantly changing environment
  • Through constant evaluation, ensure the training, growth and development of team members
  • Develop efficient processes and implement systems scalable for rapid growth
  • Special projects and other tasks as assigned

 

Qualifications / Requirements:

  • CPA with a Bachelor’s degree in Accounting, Finance, or Economics combined with 10+ years progressive experience in both public and industry accounting
  • Experience working in a SOX 404B environment
  • Excellent knowledge of US GAAP and SEC rules and regulations
  • Excellent interpersonal, communication and project management skills
  • Strong attention to detail, decision-making, problem-solving, time management and organizational skills

 

Preferred Experience, Special Skills, Knowledge:

  • Experience in the Life science / biotech industry preferred
  • “Big 4” public accounting experience
  • Knowledge of and experience with accounting treatment and issues related to product launch and revenue recognition helpful
  • Ability to successfully manage multiple projects with competing priorities and tight deadlines in a fast-paced environment
  • Experience with Great Plains

 

Chinook is an Equal Opportunity Employer and we prohibit discrimination or harassment of any kind.  We are committed to fostering an environment where ALL people are welcome and supported.  We respect and value different experiences and viewpoints.  We act respectfully toward one another and embrace diversity of people and ideas. Having a diverse workforce made up of team members who bring a wide variety of skills, abilities, experiences, and perspectives is essential to our success. Creativity and innovation flourish in an environment of openness, inclusion, and mutual respect.

 

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  • Location
    Seattle, Washington
  • Department
    Accounting / Finance (120)
  • Employment Type
    Full-Time
  • Minimum Experience
    Manager/Supervisor