# Director, Financial Reporting

**Company:** [Formation Bio](https://hotfix.jobs/companies/formation-bio)
**Location:** New York, NY, Boston, MA
**Role:** Finance & Accounting
**Salary:** $186k – $232k/yr
**Experience:** 10+ years
**Skills:** US GAAP, Asc 810, Vies, Consolidations, Technical Accounting, Financial Reporting, Journal Entries, Share-Based Compensation, Financial Instruments, Revenue Recognition, Asc 820, NetSuite, External Audit, Accounting Policies, Spreadsheet Skills
**Posted:** 2026-08-21

> Leads US GAAP financial reporting, complex consolidations, technical accounting, close processes, external audit coordination, and fund reporting. Requires a CPA, at least 10 years of progressive accounting experience, and expertise translating complex accounting matters into operational processes and audit-ready documentation.

## Job Description

## Responsibilities

### Financial Statement Preparation
- Own preparation of annual US GAAP financial statements, including footnotes, disclosures, supporting workpapers, calculations, and tie-outs.
- Own the financial reporting process and coordinate cross-functional stakeholders.
- Prepare supporting analysis for board reporting and investor and data room financial information requests.

### Financial Close and Consolidations
- Prepare and review manual, non-routine, and period-end journal entries.
- Determine and document non-routine and judgmental accounting transactions, including accruals and stock-based compensation.
- Lead complex consolidations and entries, including application of ASC 810.
- Review complex account reconciliations and close documentation.
- Translate new business activity and accounting conclusions into operational close processes.
- Lead year-end general ledger preparation for audit.

### Technical Accounting Implementation
- Prepare technical accounting analyses and memoranda for complex transactions and accounting matters.
- Convert accounting conclusions into calculations, workpapers, journal entries, disclosures, and recurring processes.
- Maintain accounting for financial instruments, equity issuances, share-based compensation, noncontrolling interests, ASC 810 matters, leases, licensing transactions, and business development transactions.
- Prepare and maintain the accounting policy manual.

### External Audit
- Serve as the day-to-day contact for external auditors.
- Coordinate audit requests and manage information flow and support.
- Respond to audit inquiries and escalate significant or technical matters.
- Assemble audit-ready workpapers and support packages.
- Support resolution and remediation of audit findings.

### Fund Reporting and Audit
- Support reporting and accounting for special-purpose financial statements serviced by a third-party fund administrator.
- Support capital call and capital transaction accounting.
- Establish and document policies for special-purpose financial statements.
- Coordinate with the fund administrator and review fund financial statements.
- Reconcile administrator reporting to internal records.
- Support coordination of the fund’s annual audit.

### Controls and Documentation
- Establish and maintain controls around complex and non-routine transactions.
- Improve internal controls and documentation for significant accounting and reporting processes.
- Drive audit-ready documentation practices.

### Business Partnership
- Execute complex, ongoing accounting processes arising from business development and other non-routine transactions.
- Partner with Legal, Business Development, R&D, and Clinical Operations to accurately reflect contracts, arrangements, and study activity in accounting records.
- Build capabilities and provide training across the Finance team.

## Requirements
- CPA.
- 10 or more years of progressive accounting experience, including responsibility for audited US GAAP financial statements, footnotes, and external audit support.
- Technical accounting experience, preferably in an in-house corporate accounting group.
- Experience translating complex accounting guidance into calculations, journal entries, disclosures, and repeatable processes.
- Experience with consolidations, including VIEs, noncontrolling interests, ASC 810, financial instruments, liability and equity accounting, share-based compensation, revenue recognition, ASC 820 fair value, licensing and collaboration arrangements, leases, capitalized software, and R&D accounting.
- Experience consolidating a complex organizational structure.
- Ability to prepare clear technical accounting memoranda, organized audit-ready workpapers, and financial statement support.
- Ability to manage multiple reporting and audit workstreams independently at detailed and strategic levels.
- NetSuite or comparable ERP experience and strong spreadsheet skills.

## Nice-to-Haves
- Big Four or comparable public accounting experience.
- Biotechnology, pharmaceutical, or broader life sciences experience.

## Compensation and Benefits
- Total compensation range: $185,500 - $232,000.
- Compensation may vary based on role scope, geographic location, skills, and experience.
- Includes equity, comprehensive benefits, and generous perks.

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