What are the responsibilities and job description for the Director of Accounting position at Y-mAbs Therapeutics, Inc.?
Director of Accounting
Are you ready to uplevel your career? Join an innovative biopharmaceutical company and be part of our exciting journey!
We are looking for a Director of Accounting to join our team.
Working with Us
At Y-mAbs Therapeutics (NASDAQ: YMAB), our mission is to become the world leader in developing better and safer radioimmunotherapy and antibody-based oncology products addressing clear unmet pediatric and adult medical needs. With the right partnerships and collaborations, we envision changing the course of cancer treatment and improving outcomes for patients and their families.
We have offices in Princeton, New Jersey (US) and Hørsholm, Denmark (near Copenhagen). We also have a laboratory based in Nutley, New Jersey (US).
Y-mAbs has an exciting future ahead. If you are passionate about being part of a truly patient-centric organization focused on developing and commercializing cutting-edge therapies to treat a variety of cancers, we want to hear from you!
About the Role
Y-mAbs seeks a Director of Accounting. The Director will be responsible for the accurate and timely financial closing of the Company’s general ledger, which includes reviewing and approving journal entries, account reconciliations, and underlying SOX controls. The primary focus will be on accounting and reporting for gross to net sales, inventory, and contract accounting related to the Company’s intellectual property licenses.
This position will also be responsible for technical accounting research (Accounting Standards and SEC Rules & Regulations), audit liaison, review of payroll, accounts receivable, accounts payable, cash and fixed asset reconciliations, assess accounting for legal matters, review of 10-Q/K disclosures and Business Development opportunities.
There are also two direct reports in the US: Accounting Manager and Senior Accountant and direct reports in Denmark: Senior Accountant and Financial Accountant.
Key Responsibilities
- Manage the Company’s monthly close process to ensure timely and accurate financial statements
- Monthly reporting for US gross to net sales, including calculation of chargebacks, Medicaid accrual, distributors fees and cash discounts.
- Review distribution partner royalty calculation and assess compliance under partnership agreements.
- Manage inventory accounting including analysis of cost by batch, overhead allocation, supply chain management business partner support and annual physical inventory.
- Accounting for clinical, regulatory and commercial milestones for accrual treatment under the Company’s intellectual property licenses.
- Assess accounting implications for Business Development opportunities and provide recommendations during the contracting process.
- Review monthly general ledger entries, account reconciliations and SOX documentation.
- Lead finance function process improvement and streamlining projects.
- Supervise transactional processing for payroll, accounts receivable, accounts payable, cash and fixed asset processing.
Key Qualifications
We are seeking a candidate with a background with progressive accounting experience, including public accounting. Other requirements include:
- Process-focused to streamline tasks while providing accurate financial deliverables.
- Seven-plus years of related experience, preferably in the biotech/pharmaceutical industry.
- Bachelor’s or Master’s degree in accounting.
- A CPA with a Big Four background is preferred but not required.
- Business partnering.
- Ability to multi-task and focus on process improvement.
- Experience with BC365 general ledger module is a plus.
This is a hybrid role, and the successful candidate must be able to commute to Princeton, New Jersey, three days a week.
Interested in Applying
If you are interested in joining Y-mAbs and becoming part of our team in a fast-moving environment that offers a unique combination of scientific insight, entrepreneurship, and exciting challenges, please apply!
