Director, Financial Reporting

Formation Bio is hiring a Director of Financial Reporting to lead financial reporting functions, prepare technical accounting analysis, lead complex financial close functions and manage audit process.

The role involves preparing annual US GAAP financial statements, including footnotes and supporting workpapers, and managing the day-to-day flow of the external audit. The Director will also be responsible for converting technical accounting conclusions into calculations, entries, workpapers, and repeatable processes, as well as supporting the reporting and audit of the company's separately audited venture fund.

Responsibilities:

• Prepare annual US GAAP financial statements, including footnotes and supporting workpapers
• Manage financial reporting process, including coordination of cross-functional stakeholders
• Prepare supporting analysis for board reporting, investor and data room financial information requests
• Lead consolidation process and entries for complex organizational structure
• Review complex account reconciliations and related close documentation
• Translate new business activity and new accounting conclusions into operational close processes
• Assist with preparing technical accounting analysis for complex transactions and complex accounting matters
• Convert approved technical accounting conclusions into calculations, workpapers, journal entries, disclosures, and recurring processes
• Implement and maintain accounting for financial instruments, equity issuances, share-based compensation, noncontrolling interests, and other ASC 810 matters
• Serve as day-to-day point of contact for external auditors
• Support reporting and accounting for the company's special purposes financial statements

Qualifications:

• CPA
• Ten or more years of progressive accounting experience
• Experience in technical accounting, preferably as part of an in-house corporate accounting group
• Big Four or comparable public accounting experience strongly preferred
• Demonstrated ability to convert complex accounting guidance into practical calculations, journal entries, disclosures, and repeatable processes
• Experience in Consolidation of a complex organizational structure
• Ability to prepare clear, concise technical accounting memoranda and organized, audit-ready workpapers and financial statement support
• Ability to run multiple reporting and audit workstreams simultaneously, work independently, and constructively challenge auditors, consultants, and internal stakeholders