Associate Director, Accounting

ProFound Therapeutics is a biotechnology company discovering novel proteins across the expanded human proteome to unlock first-in-class medicines and transformative drug targets. The company's proprietary ProFoundry Platform integrates state-of-the-art protein detection, validation, and computational technologies to systematically identify and characterize previously inaccessible proteins and validate their therapeutic potential.

The Associate Director, Accounting will be ProFound's first dedicated accounting leader, helping to lead the company's accounting operations, financial reporting, and internal control environment. The role involves accurate, timely U.S. GAAP reporting, a disciplined and scalable close, and the systems, policies, and controls that support ProFound's continued growth.

Key Responsibilities:

• Lead the monthly, quarterly, and annual close, including the close calendar, review standards, and timely delivery of accurate U.S. GAAP financial statements.
• Oversee general ledger accounting, journal entries, account reconciliations, flux analyses, and supporting schedules.
• Own key accounting areas, including revenue recognition, R&D and CRO/CMO accruals, prepaids, fixed assets, leases, equity, and stock-based compensation, and debt.
• Account for pharma collaboration and licensing agreements, including upfront, milestone, and cost-sharing terms (ASC 606 and ASC 808).
• Account for grant and foundation funding, including tracking restricted funds and preparing financial reports for funders.
• Oversee day-to-day accounting operations, including accounts payable, payroll accounting, expense management, and cash.
• Establish and maintain accounting policies, procedures, and documentation, ensuring technical conclusions are consistently applied in the close.

Audit Readiness, Controls, and Reporting:

• Build and lead the company's audit-readiness program, establishing the accounting processes, documentation, and supporting schedules required for a future financial statement audit.
• Design, document, and maintain an internal control environment right-sized for a private company and built to scale.
• Prepare internal financial statements and the accounting inputs to leadership, Board, investor, and lender reporting.
• Partner with external technical accounting advisors and valuation specialists on complex or non-routine transactions.
• Coordinate tax compliance and filings with external tax advisors.

Systems, Infrastructure, and Scale:

• Continue the accounting design of NetSuite OneWorld, and continue to optimize ERP, close, AP, and expense workflows.
• Manage the company's insurance program with brokers, including renewals, coverage reviews, and certificates.
• Support treasury and cash operations, banking relationships, and debt compliance and covenant reporting.
• Manage outsourced accounting, tax, payroll, and other service providers, bringing work in-house as the company scales.

Team and Cross-Functional Partnership:

• Partner with FP&A, Legal, HR, R&D, and CMC on accruals, contracts, source data, and the accounting implications of business activities.
• Work with FP&A on budget-to-actual analysis, spend tracking, and the accounting data behind burn and cash runway.
• Support financing transactions, business development, and other strategic initiatives as needed.

What Success Looks Like in the First Year:

• Continued build-out of an audit-ready environment, including documented, repeatable close with a defined calendar, clear review standards, and on-time delivery.
• NetSuite OneWorld live and supporting the close, AP, and expense processes.
• Written accounting positions in place for each collaboration, licensing, and grant agreement.
• A practical AI and automation roadmap for the accounting function, with priority use cases deployed to improve close efficiency, data quality, and reporting while maintaining appropriate review and controls.

Qualifications Required:

• Bachelor's degree in accounting or finance required.
• CPA required.
• 8+ years of progressive accounting experience, including Big 4 or national firm public accounting.
• Biotechnology, pharmaceutical, or life sciences experience strongly preferred, ideally in a venture-backed or growth-stage company.
• Hands-on ownership of the monthly, quarterly, and annual close and of GAAP financial statements.
• Prior management experience leading accounting staff and external providers.
• Strong knowledge of U.S. GAAP and internal controls, with technical depth in R&D and clinical accruals, stock-based compensation, equity and debt transactions, and leases.
• Experience leading external audits, ideally including a first-year audit or an audit-readiness effort.
• NetSuite experience; OneWorld implementation experience strongly preferred.
• A builder's mindset, with a proven ability to establish scalable processes, controls, and systems in a lean organization.
• Clear communication and business partnering skills, including translating accounting matters for non-finance leaders.
• A high degree of integrity, strong attention to detail, and advanced Excel proficiency.