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Manager, R&D Accounting

Company: CymaBay Therapeutics
Location: Newark
Posted on: May 27, 2023

Job Description:

CymaBay Therapeutics, Inc. is a publicly traded, clinical-stage biopharmaceutical company based in Newark, California, focused on developing therapies for liver and other chronic diseases with high unmet medical need. -We are looking for new team members to join our expanding organization.
Summary: We are seeking a qualified, self-motivated, experienced Manager, R&D Accounting. This position will help to prepare, review, streamline, and/or maintain accounting records of clinical trial related studies and the scope of the development cycle will range from pre-clinical through pre-commercialization launch. - In addition, this position will ensure the preparation and maintenance of journal entries, account reconciliations, and other accounting records, and shall drive the completion of closing procedures for monthly and quarterly financial reports. This position interacts with finance personnel, external auditors, accounting consultants, department managers, and other stakeholders.
Essential Functions and Job Responsibilities:

  • Manage and proactively drive the Pre-Clinical, Chemistry, Manufacturing & Controls (CMC), Clinical, and Research & Development (R&D) expense month end-close cycle to ensure timely and accurate completion of financial reporting as a public company.

  • Drive the preparation of pre-Clinical and clinical trial-related accrual and prepayment entries and reconciliations. Review relevant contracts, prepare, and calculate the monthly CRO, CMC and Clinical Service Providers' contract accruals.

  • Review applicable CRO, CMO and other vendor contracts and monthly activities, work closely with Pre-Clinical and Clinical Operations, and proactively interact with vendors to gather and analyze relevant information and supporting documentation. -

  • Evaluate and analyze Pre-Clinical and Clinical study trends and to identify key expense drivers to enhance accuracy and provide insights to management and business partners.

  • Collaborate with Project Management team to track enrollment assumptions, clinical study budgets/forecasts to ensure financial estimate/spend harmonize with project timelines and actual spends.

  • Review, compile and maintain pre-clinical and clinical trial accounting records including R&D expenses, study enrollment, work completed to date, current and estimated budget spend, study budget projections for existing and new studies, etc.

  • Support Quarterly Variance Analysis process for CROs, preclinical/clinical Service Providers' contracts.

  • Support CROs and Service Providers' financial-related matter/issues including invoice issues and coding of invoices as needed.

  • Ensure compliance with Sarbanes-Oxley 404 internal control policies and procedures, execute and document internal controls timely and accurately, and collaborate to revise and enhance internal control policies and procedures as needed.

  • Coordinate with external auditors and ensure support and information requests are provided timely for quarterly reviews and annual financial audits.

  • Collaborate with stakeholders as necessary to support the implementation of new accounting systems and technologies to support corporate growth and efficiency. Assess, streamline, and improve operational accounting policies and procedures to ensure efficiency and cost effectiveness. -

  • Collaborate, communicate concisely, and work cross-functionally with finance personnel, department managers, auditors, accounting consultants, and other stakeholders as necessary.

  • Assist with other projects and process improvement initiatives as necessary.


    • Bachelor's degree in Accounting or Finance

    • Must have experience handling large scale clinical trials and CMC related contract and accounting work in public biopharma companies.

    • Ability to multi-task and effectively manage to achieve critical deadlines.

    • Ability to work in a team-oriented environment.

    • Self-starter, strong work ethic, able to work independently with minimal supervision.

    • Desire to continuously improve finance processes, systems, and controls.

    • Strong written and verbal communication and interpersonal skills

    • Proficiency in Word, Excel, and PowerPoint

    • Late development stage, or commercial Biotech experience and Net Suite a plus

    • Auditing/ CPA training / certification a plus

      The anticipated salary range for Manager, R&D Accounting candidates who will work in Newark, California is $135,000 - $150,000. - The final salary offered to a successful candidate will be dependent on several factors that may include but are not limited to the type and length of experience within the job, type and length of experience within the industry, education, etc. - CymaBay is a multi-state employer, and this salary range may not reflect positions that work in other states.
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Keywords: CymaBay Therapeutics, Newark , Manager, R&D Accounting, Accounting, Auditing , Newark, New Jersey

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