Senior Manager of Tax and Treasury, Benchling
$161.5-218.5k
3 days a week in office
Cloud-based platform for biotech R&D
Job no longer available
Cloud-based platform for biotech R&D
501-1000 employees
Job no longer available
$161.5-218.5k
3 days a week in office
501-1000 employees
Company mission
To unlock the power of biotechnology and empower their global customers to get to milestones & market faster.
Role
Who you are
- 8+ years in tax with Big 4 tax experience required, plus a mix of enterprise SaaS, public company experience preferred
- JD, CPA or LLM in taxation. Masters in taxation considered
- Excellent oral and written communication skills including creating managerial level presentations and analysis
- Strong knowledge of federal, state and local corporate income tax, sales/use and property tax required. International tax experience required
- Experience with and understanding of Corp Treasury and Accounting concepts and challenges
- Solid knowledge of technical tax and US GAAP
- Proficiency using NetSuite, Avalara and Excel
- Self motivating with continuous improvement and curious, analytical mindset; able to partner with stakeholders and drive timely and appropriate resolution
- Strong project management skills and grit to meet deadlines and balance demands
What the job involves
- The Senior Manager, Tax and Treasury will be Benchling’s leader and key advisor for all matters tax and treasury
- You will serve as the company’s trusted advisor regarding all tax matters, including tax strategies, tax considerations for new products and services, and tax risk and compliance
- As our head of treasury, you’ll help us optimize liquidity across global entities while maximizing returns of excess cash
- This role will report to the Chief Accounting Officer and will work closely with accounting, HR, legal and other senior partners across the business
- Develop and implement comprehensive tax planning strategies for Benchling’s domestic and international business, including international tax structuring contemplating our growing scale and move towards profitability, M&A considerations, and optimization with regard to federal, state, and indirect taxes
- Lead completion of quarterly and annual tax provision and manage federal, international, state and local tax and informational filings. Manage recurring / ad-hoc tax projects such as R&D tax credit and Sec. 382 analyses
- Lead transfer pricing planning and compliance, local country reporting, and compliance with BEPS standards. Work with external advisors and internal stakeholders on transfer pricing studies and agreements
- Collaborate with teams across the business in evaluating sales, use, VAT or other tax considerations for new/existing products and jurisdictions. Serve as the key advisor on tax considerations for entering in new jurisdictions. Develop a plan to address the requirements, implement solutions, and monitor the ongoing process
- Lead cash flow management and analysis, and co-lead cash-flow forecasting with our strategic finance team to optimize working capital metrics and improve forecasting accuracy
- Develop and implement strategies that maintain appropriate capital and operational liquidity across our entities, while maximizing returns on excess cash in line with our investment policy
- Manage investment portfolio and work closely with existing external managers on investment strategy and evaluation of new opportunities, as needed
- Manage relationships with banking partners globally and utilize them to provide timely analysis and recommendations to support our growth
- Partner across the business to execute capitalizations, intercompany funding and settlements, and other treasury operations projects
- Monitor legislative and regulatory tax law developments and analyze tax treaties, evaluate their impact on the company’s cross-border activities, communicate the impact to internal stakeholders, and recommend and implement changes as applicable
- Manage and respond to tax audits across state, federal and international jurisdictions. Prepare and maintain documentation for international tax positions in accordance with FIN 48 and other reporting requirements
- Design and implement internal controls and documentations in accordance with Sarbanes-Oxley compliance
- Actively engage with cross functional leadership to keep abreast of the business objectives, priorities and strategies to enable collaborative and supportive relationships as well as provide value added services to each other
- Lead or assist on special tasks and projects as needed, leveraging your tax expertise to provide strategic insights and drive the company's global tax strategy forward
Our take
As the pioneer of the R&D Cloud, Benchling offers a cloud-based informatics platform tailored for biotechnology. Its platform enables scientists across the globe to make breakthrough discoveries and bring next-gen biotechnology to market.
There’s a sincerity and consciousness to Benchling’s approach that stands out. This has led to the company being adopted by over 200,000 scientists from 1,000+ companies and 7,500 academic and research institutions globally (including 23andMe, Moderna, and the U.S. Department of Defense).
The rapidly advancing Biotechnology industry was at the forefront of the so-called “fourth industrial revolution”, with the industry driving $2 to $4 trillion per year of economic impact over the next 20 years.
Benchling has put itself in a position of immense value within the industry with its expanding offerings. Off the back of over $400 million in total funding, the company is seeing accelerated growth
Steph
Company Specialist at Welcome to the Jungle
Insights
-3% employee growth in 12 months
Company
Funding (last 2 of 8 rounds)
Nov 2021
$100m
SERIES F
Apr 2021
$200m
SERIES E
Total funding: $411.9m
Company benefits
- 4 months paid parental leave
- 401k plan
- Pre-tax commuter benefits
- Flexible paid time off
- Work from home opportunities
- 100% premiums covered for health, dental, & vision
- Fertility healthcare and family-forming benefits
Company HQ
Yerba Buena, San Francisco, CA
Leadership
Sajith Wickramasekara
(CEO)Sajith studied at MIT before spending 2 years as a Research Assistant at Duke University Medical Centre and Liquidia Technologies. They used this biotechnology understanding to found Benchling in June 2012, serving as CEO since.
Ashu Singhal
(President)They previously co-founded Hotspots.io which was later acquired by Twitter in 2012. After this, became Staff Software Engineer at Twitter for 2 years, leaving to co-found Benchling.
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