Financial Controller

Job Title:         Financial Controller

Reports to:     President & CEO

Department:  Finance

Location:        On-site in Sorrento Valley (San Diego)

Position Summary

Supports the finance and accounting needs of Trotana, including accounting operations, taxation, budget, purchasing, financial planning, treasury, internal controls, audit, regulatory document preparation and financial reporting. Oversees the development of financial packages, maintains fiscal records, prepares and tracks organization's budgets. The Financial Controller is the primary point of contact with key vendor partners including external auditors, third-party tax professionals, bank operations partners and other third-party service providers.

Essential Functions

·  Provide leadership in financial planning & forecasting, control, compliance and reporting; facilitate cash and revenue management, while managing expenses and operating budgets.

·  Participate in and contribute to periodic business reviews to ensure alignment with business strategies.

·  Accounting Operations – Responsible for company general ledger activities (periodic close, journal entries, account and balance sheet reconciliations, accruals, reserve analysis and consolidation), payroll, accounts payable, and bank operations and processes. Ensure efficient, effective execution of transactions as well as compliance with Trotana’s policies in these areas. Evaluate and make recommendations with respect to automation or other opportunities to improve the effectiveness of the department.

·  Financial Modeling & Reporting - Develop financial models to produce and analyze pro forma financials for senior management and under various scenarios. Prepare reports and schedules with associated commentary reflecting current business activity, historical activity, and variances to forecast/plan.

·  Budgeting - Develop and analyze annual budget and detailed 12, 24 and 36 month rolling forecasted financial statements (P&L, Balance Sheet, Statement of Cash Flows), prepare and monitor contingencies on a regular basis to facilitate cost savings. 

· Provide financial support to internal departments, in support of their planning responsibilities to effectively manage the business and make appropriate financial recommendations, including evaluating the cost-benefit of various strategies, establishing labor and non-labor baselines for research, development and administrative efforts, capital expenditures and research activities, and monitoring spend.

· Audit – Oversee and participate in the annual audit, including producing detailed schedules, writing financial footnotes and managing on-site auditors. Provide senior management with timely reviews of organization's financial status and progress in its various programs and activities, including financial reporting and disclosure revisions due to changes in the regulatory framework, generally accepted accounting principles and reporting requirements. Establish and monitor of internal financial controls.

· Stock - Manage Company’s capitalization table, options ledger and maintenance of stock/option related matters

· Taxation – Responsible for the company’s federal, state and local tax compliance.

· Purchasing – oversee purchasing activities, including developing cost savings through vendor discounts, ensuring supplies are ordered and delivered timely.

· Subsidiaries – manage cash flow and banking activities of ex-US subsidiary(ies) associated with strategic business objectives

· Manage one or more direct reports involved in day-to-day record keeping, journal entries, purchase order management and cash reconciliations. Providing overall direction, coordination, and evaluation of these employees. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

Job Requirements and Qualifications

Education:

· Bachelor’s degree (BS/BA) in Finance or Accounting; CPA or equivalent required. 

Experience:

· 10 years of related experience, industry experience in biotechnology and/or pharmaceutical sector preferred.

· Demonstrated proficiency in creating financial reporting systems that can collect, segregate, and then allocate expense items to their correct cost centers to aid in tracking performance and ROI.

· Skilled at financial modeling and conducting analysis

· Strong business acumen

· Superior analytical, problem-solving, communication and interpersonal skills

· A proven track record of process improvement and experience with financial systems and process change initiatives

Knowledge Requirements:

· Expertise in GAAP principles and related accounting regulations

· Expertise in Microsoft Word and Excel, and in financial, equity, payroll and purchasing software, such as QuickBooks.

· Understands business implications of decisions, has extensive knowledge of industry and competition.

Personal Competencies:

- Excellent interpersonal and communication skills, with demonstrated ability to provide leadership in projects and teams

- Identify and resolve problems in a timely manner; gathering and analyzing information skillfully; developing alternative solutions.

- Balance team and individual responsibilities; exhibit objectivity and openness to others' views; give and welcome feedback; contribute to building a positive team spirit.

- Delegate work assignments, matching the responsibility to the person; sets expectations and monitors delegated activities; Provides recognition for results.

- Manage staff in planning, decision-making, facilitating and process improvement; takes responsibility for subordinates' activities; makes self available to staff; develops subordinates' skills and encourages growth.

- To make timely decisions, exhibiting sound and accurate judgment; support and explain reasoning for decisions; include appropriate people in decision-making process.

- Develop strategies to achieve organizational goals; understand organization's strengths & weaknesses; analyze market and competition; identifies external threats and opportunities; adapts strategy to changing conditions.

Further Information:

In addition to a competitive compensation package with stock options, Trotana offers a comprehensive benefits package for our employees and their families, which includes medical, dental, vision, life insurance, disability insurance and a 401(k) plan. Trotana is an Equal Opportunity employer. We do not discriminate based upon race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.