Assistant Controller

Reports to: Sr. Corporate Controller

Position Summary

We are seeking a highly motivated Assistant Controller who possesses a remarkable sense of ownership and an unwavering commitment to meeting deadlines. This role will be responsible for overseeing critical accounting functions, ensuring accurate and timely financial reporting, and supporting the company’s growth through efficient financial processes. The ideal candidate will have extensive knowledge of accounting principles, strong leadership abilities, and a proven track record of effectively managing accounting teams. As an Assistant Controller, you will play a pivotal role in a multitude of accounting and payroll activities such as general ledger maintenance, accounts payable oversight, payroll approval, monthly financial reporting and year-end audits. You are expected to develop and apply the Company’s accounting policies and make sound judgments relating to expense accruals, prepaid and fixed assets capitalization. Additionally, the candidate will demonstrate a passion for leveraging technology to enhance process efficiency.

Primary Responsibilities

• General Ledger Management: Oversee and maintain the general ledger, ensuring all financial transactions are accurately recorded and properly classified.
• Monthly Close Process: Lead the monthly close process, including preparing and reviewing journal entries, reconciliations, fluctuation analysis and financial reports to ensure the timely and accurate reporting of financial results.
• Accounts Payable Oversight: Manage the accounts payable function, including vendor relations, payment processing, and expense management, to maintain optimal cash flow and meet company obligations.
• Payroll Processing: Supervise payroll processing, ensuring compliance with federal, state, and local regulations, as well as company policies. Maintain confidentiality and integrity in handling sensitive payroll information, ensuring data security and privacy compliance.
• Team Leadership: Manage and mentor a team of three accounting professionals, fostering a collaborative and supportive environment that encourages growth and continuous learning.
• Process Improvement: Identify and implement technology-driven improvements in financial processes to enhance efficiency, accuracy, and scalability. Monitor and analyze financial performance metrics to identify areas for improvement and implement corrective actions as needed. Assist with or lead system implementations and other ad hoc project initiatives.
• Audit and Tax Support: Coordinate with external auditors and tax advisors to facilitate annual audits and tax filings. Ensure state and local tax compliance by monitoring and making required filings on a timely basis.
• Internal Controls: Ensure compliance with internal controls, including Sarbanes-Oxley (SOX) requirements, and accounting policies. Drive initiatives to strengthen financial processes, maintain SOX documentation, and support testing to safeguard company assets and ensure regulatory adherence.
• Perform all activities in compliance with applicable regulations, Fractyl’s policies and guidelines, including, but not limited to, timely documentation of activities and maintaining all required applicable training.
• Bring a “can do” spirit to work and deliver on other responsibilities as assigned.

Education or Certification Requirements

• Bachelor's degree in Accounting, Finance, or related field; higher education and CPA preferred.

Professional Work Experience

• Minimum of 8 years of progressive accounting experience, with at least 3 years in a managerial role.
• Experience working in public companies strongly preferred.
• System implementation experience preferred.
• Applicable experience in biotech, pharmaceutical and/or medical device industries preferred.
• Prior vocational experience in related fields a plus (i.e. Co-Ops, Internships, Fellowships, etc.).

Qualifications and Skills

• In-depth knowledge of US GAAP and financial reporting requirements.
• Excellent computer skills (i.e., MS Office Suite); Adept at using and learning technologies or systems to improve efficiency; Experience with MS D365 and ADP Workforce Now preferred.
• Strong financial acumen and analytical agility.

Other Essentials and Key Success Factors:

• Ability to thrive in a fast-paced, dynamic environment and manage multiple priorities effectively.
• Proven ability to lead, mentor and develop accounting teams, with strong interpersonal and communication skills.
• Demonstrated record of intellectual curiosity, innovation and creative problem solving.
• Proven and successful track record as a team-player and collaborator in small working environment.
• Highly organized and detail-oriented with a passion to deliver quality results.
• Prioritize tasks effectively, managing multiple assignments simultaneously, and consistently delivering high-quality results within established timeframes.
• Excellent verbal and written communication abilities across all levels of an organization and across departments.
• Highest level of professionalism, confidence, personal values and ethical standards.

Travel

• Travel is not required for this position at this time.

The description and requirements outlined above are general; additional requirements may apply.