Staff Accountant, Formation Bio
$80-95k
+ Equity
More information about location
End-to-end medical trial solutions
Be an early applicant
End-to-end medical trial solutions
101-200 employees
Be an early applicant
$80-95k
+ Equity
More information about location
101-200 employees
Company mission
To bring new treatments to patients faster and more efficiently.
Role
Who you are
- We are looking for a detail-oriented and proactive Staff Accountant to join our growing team
- This role is ideal for someone with early-career experience in public or in-house biotech accounting who is eager to roll up their sleeves, work collaboratively, and grow with a fast-moving company
- 1-3 years of accounting experience (public or in-house); biotech experience a plus
- Bachelor’s degree in Accounting, Finance, or related field
- Comfortable working in a startup environment where systems, processes, and roles evolve
- Familiar with or curious about AI tools in accounting (e.g., automated reconciliations, ChatGPT, etc.)
- Proficient in Microsoft Excel and experienced with ERP systems like NetSuite
- Highly organized, detail-oriented, and eager to take ownership
- Strong understanding of GAAP fundamentals and how the financial statements interact
- Team player with a strong sense of accountability and a bias for action
What the job involves
- You’ll be an integral member of a lean but high-performing Accounting team, responsible for supporting the month-end close and ensuring operational excellence in core accounting areas
- Manage the accounts payable process end-to-end within Zip, including ensuring coding accuracy, proper PO matching, and compliance with internal controls
- Administer Navan for travel and expense reporting, including employee reimbursements, system configurations, user onboarding/training, and coordination with internal stakeholders
- Perform monthly bank reconciliations and support other balance sheet reconciliations
- Prepare and book accruals and help maintain data integrity across our P&L
- Track and maintain fixed assets and deferred rent schedules
- Assist in preparing department-level reporting
- Collaborate closely with the Senior Accountant to support month-end close activities
- Help ensure accuracy and completeness of financial data in NetSuite and FloQast
- Support ad hoc projects and automation initiatives that enhance reporting or streamline operations
- Maintain and improve financial data hygiene and coding consistency
Our take
Clinical drug trials are lengthy and expensive, delaying the supply of vital new drugs to patients and costing lives. For Formation Bio, this is an efficiency issue - one which it hopes to solve with its end-to-end automation solution.
According to the company, its approach has teams running medical trials twice as fast and at half the cost. It's worked so well, in fact, that Formation Bio is looking to take drug development in-house.
Now a Unicorn, the company has secured heavyweights like Pfizer, Sanofi, Novartis and 23andMe as partners. Precisely how it will fare in the Big Pharma ecosystem remains to be seen, but the promise of cheaper drugs and faster innovation is certainly causing a stir in a market that has historically been resistant to both.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
30% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
Jun 2024
$372m
SERIES D
Sep 2021
$156m
SERIES C
Total funding: $530.3m
Company HQ
Midtown South, New York, NY
Leadership
Benjamine Liu
(CEO)Worked as a computational biologist at various Neurology departments, following a D.Phil in computational Biology and Psychiatry at Oxford. They are also an Advisor at Harvard Business School.
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