New ABFO Member open financial posting, Chief Financial Officer, Toragen, Inc.

 

Toragen, Inc., a San Diego-based biotechnology company, is focused on developing, repurposing and commercializing uniquely selective cancer drugs targeting cancers caused by the human papillomavirus (“HPV”).  HPV associated cancers include Head and Neck Cancer, Cervical Cancer, and multiple other Genitourinary and Gastrointestinal Cancers. We are developing drugs designed to inhibit HPV oncogenes, the root cause of malignant transformation in these cancers.  It is our intent that these drugs will be more selective for malignant cells and better tolerated by patients than traditional cytotoxic and radiation cancer therapy.  Our drugs interfere with the ability for the HPV virus to inhibit the immune system and will thus enhance the ability for the immune system to eradicate these cancers and potentially augment the activity of existing immunotherapies for cancer. 

SUMMARY OF FUNCTIONS

The CFO is ultimately responsible for the accuracy, completeness, and timeliness of the organization’s financial reporting. The CFO helps establish and direct the organization’s financial goals and objectives, its financings, its budget, and the Financial Plan. The CFO has primary responsibility for ensuring that internal controls are in place, enforced, and reviewed periodically for conformance to accounting and financial standards and applicable regulations.

ESSENTIAL DUTIES AND RESPONSIBILITIES

  • Advises Top Management in the stock offering process, and executes the stock offering process.
  • Analyzes financial statements, and prepares reports and recommendations to Top Management and the Board of Directors concerning financial performance.
  • Annually creates a capital plan that aligns with overall business plans and strategies, and reviews the capital plan with Top Management and the Board of Directors.
  • Annually reviews and updates related party transaction policies and procedures with Top Management and the Board of Directors; and reviews, approves, and discloses related party transactions, and annually distributes the Related Party Transaction Conflict of Interest Questionnaire.
  • Arranges and chairs financial management meetings, and prepares financial reports and presentations for scheduled financial management meetings.
  • Completes and gains the approval of Financial Objectives, and oversees the financial health and financial performance of the Company, as well as a fiduciary responsibility to shareholders.
  • Creates and reviews all period-end activities to ensure the period-end financial statements accurately reflect the results of the Company’s activities, and is familiar with the specific software procedures for keeping the prior year open until all final closing adjustments have been made and approved.
  • Directs the Finance Department in developing borrowing and financial plans to meet the needs of the Company’s operations.
  • Ensures that processes needed for the financial management system are established, implemented, and maintained, and reports to the CEO and Board of Directors (or Advisory Board) on the performance of the financial management system and reports any need for its improvement.
  • Executes the valuation process, recording valuation plans, results, improvement plans, and provides all needed information for the valuation process.
  • When applicable, is the main point of contact between the Company and the External Auditor and coordinates Company audit activities and responses.
  • Manages banking relationships, the check signing authority process, and alerts all individuals and banks of any changes to authority.
  • Oversees cash management processes to ensure proper cash availability and best practices in cash management.
  • Oversees that regular shareholder meetings are conducted according the articles of incorporation.
  • Oversees the asset acquisition process and reviews the ROI Worksheet with the Capital Budget Committee.
  • Oversees working capital.
  • Prepares and submits all financial statements as required by law and by company policy.
  • Prepares forecasted financial statements, and prepares reports and recommendations to Top Management and the Board of Directors concerning forecasted financial statements.
  • Reviews Accounts Payable material and adds his/her signature.
  • Reviews and approves requests for financial statements and any other proprietary, confidential, and/or sensitive financial information, the Risk Management Plan, and all reconciliations.
  • Reviews lease/buy considerations for capital equipment.
  • Safeguards all company information and determines the appropriate level of detail for release.

ORGANIZATIONAL RELATIONSHIPS

Reports directly to the Chief Executive Officer.

QUALIFICATIONS

Must have 10+ years of experience as a financial executive and leader with industry experience. Must be a visionary and creative person with sound judgment and technical skills, analytical ability, and ability to focus and prioritize multiple – and sometimes competing – projects. High moral and ethical standards are required.

Must be well organized and efficient, decisive, intelligent, and able to articulate well; must possess outstanding communication skills and the ability to work well with people. Should be an outstanding educator, counselor, and mentor and a skilled negotiator.

A bachelor’s degree in accounting, finance, business administration, economics, or other suitable field of study is required; a master’s degree in finance, accounting, or business administration is preferred. Must be a Certified Public Accountant (Chartered Accountant).

Association of Bioscience Financial Officers

Interested candidates, please contact Anita Busquets at abusquets@toragenbiotech.com

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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