search Browse Jobs
Director, Financial ReportingFormation Bio · Boston, Massachusetts
Formation Bio logo

Formation Bio

company page ↗

Director, Financial Reporting

🗓️ Posted 2026-08-21 Boston, Massachusetts Fulltime Hybrid Accounting
💰 Salary US$15,458–US$19,333/mo (US$185,500–US$232,000/yr) 📊 Market US$14,167–US$20,833/mo

About the Company

ABOUT THE POSITION 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. This is a senior, hands-on position for someone who is well versed in financial reporting, financial close and consolidations and can convert complex accounting conclusions into clear and simplified action items and processes. The Director is responsible for GAAP compliant ASC 810 consolidation, prepares the financial statements and footnotes, converts technical accounting conclusions into calculations, entries, workpapers and repeatable processes, manages the day-to-day flow of the external audit, and supports the reporting and audit of the company's separately audited venture fund.

About the Role

to build reporting resources as the organization scales.

Responsibilities

  • ● Financial Statement Preparation
  • ● Own preparation of the annual US GAAP financial statements, including footnotes, disclosure, supporting workpapers, calculations and tie-outs.
  • ● Own the financial reporting process, including coordination of cross functional stakeholders.
  • ● Prepare supporting analysis for board reporting, and investor and data room financial information requests.
  • ● Financial Close and Consolidations
  • ● Prepare and review manual, non-routine and period-end journal entries arising from non-routine transactions.
  • ● Determine and document non-routine and/ or judgmental accounting transactions, including, accruals, stock based compensation and other judgemental transactions.
  • ● Lead consolidation process and entries for complex organizational structure, including application of ASC 810.
  • ● Review complex account reconciliations and related close documentation.
  • ● Translate new business activity and new accounting conclusions into operational close processes, then implement them.
  • ● Lead year-end GL preparation for audit.
  • ● Technical Accounting Implementation
  • ● Assist with preparing technical accounting analysis for complex transactions and complex accounting matters. Write technical accounting memos.
  • ● Convert approved technical accounting conclusions into calculations, workpapers, journal entries, disclosures and recurring processes, and ensure such accounting conclusions are reflected properly in the books and records.
  • ● Implement and maintain the accounting for financial instruments, equity issuances, share-based compensation, noncontrolling interests and other ASC 810 matters, leases, licensing transactions and other business development transactions.
  • ● Prepare accounting policy manual and document accounting policy decisions.
  • ● External Audit
  • ● Serve as the day-to-day point of contact for the external auditors. Coordinate audit requests, gather information, and manage the flow of information and support to the auditors.
  • ● Respond to audit inquiries, escalating significant and technical matters.
  • ● Assemble audit-ready workpapers and support packages for the financial statements, footnotes, complex entries and other significant accounting areas.

Requirements

  • ● Ten or more years of progressive accounting experience, including direct responsibility for preparing audited US GAAP financial statements and footnotes and for supporting an external audit.
  • ● 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, with experience including the following: consolidations (including experience with VIEs), noncontrolling interests and other ASC 810 issues, financial instruments, liability and equity accounting, share-based compensation, revenue recognition, ASC 820 fair value, licensing and collaboration arrangements, leases, capitalized software and R&D related accounting,.
  • ● 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 at both a detailed and strategic level, and constructively challenge auditors, consultants and internal stakeholders.
  • ● NetSuite, or other comparable ERP experience and strong spreadsheet skills.
  • ● Biotechnology, pharmaceutical or broader life sciences experience.
  • ● Total Compensation Range: 185,500 - 232,000