SENIOR CONTROLLER

THE COMPANY:

Element Science, Inc. is a medical device and digital health company focused on developing solutions at the intersection of clinical-grade wearables, machine learning algorithms, and lifesaving therapies in order to address leading causes of death and hospitalization in patients with heart disease, primarily as they transition from the hospital-to-home. By putting the needs of patients and physicians first, our personalized digital devices, which are designed for function, comfort, and ease-of-use, aim to redefine the paradigm of care for these patients. Our first product, a wearable patch defibrillator, is initially targeted at treating the more than 500,000 patients in the US with an elevated temporary risk of potentially experiencing a lethal heart rhythm. Based in San Francisco, our funders include Third Rock Ventures, Google Ventures, Deerfield Healthcare, Qiming Venture Partners USA, Cormorant Asset Management, and Invus Opportunities.

RESPONSIBILITIES:

• Responsible for the organization's overall financial accounting management. Ensure that all financial reports follow Generally Accepted Accounting principles (GAAP).
• Provide executive management with accurate and comprehensive financial information to guide effective policy-making and financial strategy.
• Build and manage a best-in-class accounting team as well as the operational infrastructure and control environment to support the company's hyper-growth and help prepare the company for a successful strategic financing leading to M&A or IPO.
• Drive the strategic development and implementation of DME Revenue and Billing capabilities, overseeing the establishment of robust accounting processes, ensuring compliance with healthcare regulations, and optimizing revenue cycle management for a seamless and efficient financial operation in preparation for a pivotal product launch.
• Lead the successful implementation of a comprehensive ERP system, overseeing the integration of financial modules, streamlining accounting processes, and ensuring regulatory compliance to enhance overall financial reporting and control functions.
• Drive the strategic initiative to build out cost accounting capabilities, with a specific emphasis on implementing standard costing methodologies.
• Develop financial plans, manage cash flow, review financial statements, and advise on ways to reduce the month-end and year-end days required to close.
• Analyze monthly and quarterly financial statements for fluctuations and anomalies and work closely with FP&A team to analyze variances against the budgets.
• Oversee accounting operations, including Billing, A/R, A/P, GL, Inventory, Cost Accounting, and revenue recognition. Ensure the integrity of books with a high emphasis on inventory costs.
• Maintain a documented system of accounting policies and procedures; implement controls over accounting transactions to mitigate risk.
• Prepare and publish timely monthly financial statements to the executive team and board of directors.
• Act as a liaison between upper management and the accounting teams.
• Provide financial analysis, with emphasis on pricing decisions and contract negotiations.
• Prepare and manage all regulatory reporting and research technical accounting issues to ensure compliance.
• Manage and comply with local, state, and federal government reporting requirements and tax filings.
• Work with external auditors and provide needed documentation and support for the annual audit and tax returns preparation.
• As the company grows, hire, develop and manage a team of accounting and finance professionals as needed.
• Additional financial reporting and technical accounting memo responsibilities as needed in a startup environment.

QUALIFICATIONS:

• Significant track record with 10+ years of steady progression of increased roles and responsibilities within accounting as well as the finance domain a plus!
• Proven professional experience as a Controller at privately held and/or large enterprise technology companies, preferably Medical Device industry.
• DME (Durable Medical Equipment) in manufacturing experience highly preferred.
• Bachelor's degree in Accounting or Business Administration with an advanced degree in Accounting, Finance, or related discipline.
• Thorough, practical knowledge of accounting principles and procedures.
• Familiarity with materials flow as it relates to the computer hardware, software, and medical device industries.
• Experience creating financial statements, general ledger functions, and the month-end/year-end close process.
• Able to select and work fluently with prevalent ERP and accounting systems.
• Previous experience in an audit.
• Certified Public Accountant (CPA) is a plus!

BENEFITS:

Element Science offers a very competitive salary and benefits package including, but not limited to:

• Stock Options
• 90% employer-paid medical, dental, and vision insurance
• Company-paid Basic Life Insurance
• 401(k) retirement plan (Traditional and Roth)
• Competitive Paid Time Off
• Paid Holidays
• FSA (Flexible Spending Accounts)
• HSA (Health Savings Account)
• Employee Assistance Program through PEO

The salary for this exempt-level position will be based on experience and qualifications within an established pay range.

• Pay range: $225,000 - $245,000 + Annual Bonus + Stock Options