Reports to: Vice President, Finance
Classification: Exempt

CymaBay Therapeutics, Inc. is a publicly traded, clinical-stage biopharmaceutical company based in Newark, California, focused on developing therapies for liver and other chronic diseases with high unmet medical need.  We are looking for new team members to join our expanding organization.

Summary: This position reports to the Vice President, Finance and will lead a team of finance professionals in scaling our Finance operations to support CymaBay’s growth from a publicly traded late-stage biopharmaceutical company into a commercial-ready organization. The Corporate Controller will be accountable for building a robust financial operation capable of supporting an organization that will begin establishing the infrastructure, processes, and capabilities necessary to support the company’s anticipated first commercial product launch.  Key areas of focus include but are not limited to: collaborating cross-functionally to implement new business systems & processes, developing gross to net revenue recognition capabilities, enabling inventory management & accounting, optimizing the close process, strengthening and maintaining internal controls in a SOX-compliant manner, and managing key relationships with external accounting and audit service providers.

The successful candidate will be a highly motivated and experienced hands-on leader who is focused and also nimble, balancing strategic goals with day-to-day operations. You are motivated by a dynamic, fast-paced environment and by working in partnership with other community-minded team members. You will leverage your experience in audit and public company controllership together with your critical thinking skills, relationship building, and excellent communication skills to build a strong finance organization capable of supporting a growing company that is transforming from a late-stage development company into a commercial-ready organization capable of delivering on its promise of bringing new therapies to patients with liver and other metabolic diseases.

Essential Functions and Job Responsibilities:

  • Provide leadership and oversight of our accounting operations, financial systems, and monthly close process; and ensure management reports and financial statements are prepared timely and in accordance with GAAP
  • Develop new, and improve existing, financial policies, procedures and controls that will support our growth and increasing complexity, including strengthening our internal control environment; you will maintain and enhance our existing SOX program, ensuring continued compliance with relevant section 404 requirements
  • Lead, mentor and grow a dedicated team of finance professionals
  • Stay abreast of key technical accounting pronouncements, analyze risks and benefits, and manage the adoption and timing; you will be our accounting thought leader
  • Manage the external reporting process and maintain and enhance the related business processes to ensure successful and timely SEC filings; includes coordination with key executives, External Accountants and Legal in developing the 10Q, 10K and other required filing documents
  • Be accountable for and lead the annual financial audit and quarterly reviews
  • Review draft contracts and agreements and, as the key finance liaison, provide insightful feedback on terms and language that may impact taxes, accounting treatment, and other financial and business areas
  • Lead the upgrade of financial systems to a more robust and scalable ERP platform suitable for product commercialization; responsible for the integration with other financial and commercial systems and for thinking ahead about future needs in developing the IT infrastructure necessary to support our corporate growth
  • Oversee purchasing to payables process and provide sound financial guidance to company personnel on procurement decisions and contract negotiations.
  • Oversee payroll, 401k & related payroll tax compliance.  Maintain and enhance compensation-related systems and processes to support corporate growth.
  • Responsible for maintaining and enhancing our existing stock system, managing our stock administration function, and collaborating as necessary with stock admin vendors and services providers
  • Manage the company’s tax reporting and filing requirements.  Manage and review the Company’s third party tax consultants in preparing the Company’s income tax returns, tax provision for financial statement purposes and tax disclosures in SEC filings
  • Manage the company’s cash-flow, including bank accounts and investments

Qualifications:

  • Bachelor’s degree in Accounting or Finance required, advanced degree preferred
  • CPA with Big 4 audit experience; knowledgeable of PCAOB standards and current accounting pronouncements
  • Minimum 15+ years of relevant finance and accounting experience in the biotech industry
  • Experience leading a biotech company on the path to product commercialization is highly preferred. Experience in companies transitioning from clinical development and establishing manufacturing experience a plus.
  • Solid foundation in SEC rules and regulations and SOX compliance
  • A track record of being hands-on and nimble, implementing process improvements and other initiatives for a company going through various growth phases
  • Proven ability to develop and foster strong relationships up, down and across the company; also manage and enhance relationships with external service providers as the face of Finance
  • Excellent communication skills (both verbal and written), e.g. in articulating sometimes complex financial issues, synthesizing diverse concepts, and relaying relevant issues from a business perspective
  • Technically savvy with systems and ability to build processes and utilize technology to enhance productivity, reduce errors, and mitigate risks

Association of Bioscience Financial Officers

Interested candidates can apply directly on our career page: https://www.cymabay.com/about_careers.html

To see this and other open financial positions with our ABFO member companies,
please visit our ABFO website job posting page

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THE ASSOCIATION OF BIOSCIENCE FINANCIAL OFFICERS - NORCAL CHAPTER
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