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Lumen Bioscience

1441 N. 34th St, Ste 300

Seattle, WA 98103

Open Position:  Controller

STATUS:               Full-time, Regular

REPORTS TO:      CFO

TARGET START:    February 2020

Job Description

 

As the leader of a small financial team at this fast-growing venture-capital backed biotech, the Controller works with the CFO and drives financial policies, procedures, reporting and accountability for the organization as a whole. This is a hands-on position with responsibilities covering general accounting, payroll processing, budgeting, financial forecasting, financial reporting, grant reporting, and cash management.

 

Essential Duties and Responsibilities

 

The Controller leads and directs the financial functions of the organization, including:

  • Ensuring accurate & timely financial reporting: monthly, quarterly, and annual GAAP financial reports for management, investors, and grant agencies

  • Safeguarding company assets (asset management and insurance) as well as ensuring appropriate cash management procedures are in place

  • Coordinating with outside advisors, including auditors and tax advisors, for timely completion of financial audit and tax filings

  • Preparing and filing regular financial reports and managing audit processes required by grant sponsors, including both federal and private grant sponsors

  • Conceptualizing, documenting, and putting into practice appropriate processes, procedures, and controls to maximize efficiency and accuracy of financial management and to align with regulatory requirements

  • Evaluating, selecting and implementing financial reporting tools, including GL, ERP, budget & forecasting, project management or other software

  • Hiring, training, supervising the growing accounting and payroll team

 

This is a hands-on role which may include data entry, journal entries, and reconciliations, and review in addition to the management role

Key Success Determinants

In addition to successfully managing the financial reporting process in a timely and accurate basis, the successful candidate after 12- 18 months will have:

  • Evaluated, procured and implemented a new general ledger system and chart of accounts appropriate for a biotech with Lumen’s challenges – grant & program management, manufacturing, and flexibility. The Company currently uses QuickBooks but anticipates a move to a more robust and capable system. 

  • Evaluated and implemented effective budgeting, program reporting, and forecasting system(s)

  • Conceptualized, documented, and put into operation more robust processes and procedures that can form a basis for (subsequent) SARBOX documentation

  • Overseen successful 2019 & 2020 financial audits

  • Developed strong working relationships and respect of internal partners through effective organization of the financial functions and through effective participation in projects and strategy
     

Qualifications & Requirements

 

Required Education and Experience:

  • BA or BS degree in accounting  and/or significant accounting education

  • Minimum of 10 years’ accounting experience, of which >5 years at a management level in industry

    • Minimum 3 years’ experience at Controller level

  • Experience working in start-up environment, particularly in biotech

 

Preferred Education and Experience:

  • Public accounting experience

  • CPA licensure

  • Experience working in biotech industry strongly preferred

  • IPO and public company experience

  • Experience tracking and accounting for federal grants in a for-profit company

  • Experience tracking costs in a process manufacturing environment

  • Project management and implementation skills

  • Demonstrated capabilities in financial forecasting and analysis

 

The successful candidate will have the following attributes:

  • Strong attention to detail, communication and organizational skills

  • Self-starter, able to contribute effectively in a fast-changing environment

  • Quick learner and comprehension of biotech industry and issues

  • The ability to work both independently and in a team-oriented environment

  • An even temperament

  • Great sense of humor and brings fun to the workspace

  • High integrity and ethics, and a focus on patient safety and well-being

  • Commitment to quality and timely delivery of results

Application Instructions

​Please submit a resume and cover letter to jobs@lumenbioscience.com with the job title in the subject title.

 

This position is available immediately. Applications will be reviewed upon receipt. Only successful applicants will be contacted.

About Lumen

Lumen Bioscience was founded in early 2017 to make and commercialize ultra-low-cost biologics, such as antibodies, in our proprietary spirulina expression platform. We design and manufacture therapeutics against disease targets that have been inaccessible to the pharmaceutical industry because of the astonishingly high cost of using traditional methods to make and deliver biologic drugs. Now, for the first time, Lumen can make antibodies and other biologics at a cost that allows for daily, high-dose, oral delivery.


Our current programs focus on diseases that can be prevented or treated by an orally delivered therapeutic; the target markets are enormous, the treatment modes of action are well-researched, and the unmet medical need is obvious. We have been fortunate to have earned financial support for these programs from groups like the Bill & Melinda Gates Foundation and the NIH.  In the longer term, we believe that our unique technology–––the ability to safely deliver frequent, large doses of a wide range of biologic compounds–––will become commonplace in biopharma as the science continues to advance and uncover new opportunities in the fields of microbiome signaling, metabolism, inflammation, and oral delivery of systemic biologics.


The Lumen team works out of a beautiful lab and office facility in Fremont, a picturesque neighborhood on the north shore of Lake Union in the heart of Seattle. At Lumen, you'll be challenged, you'll be inspired, and you'll be proud to be part of an innovative organization making a real impact on improving the quality of life globally.


Lumen is proud to be an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against based on disability.


NOTE TO EMPLOYMENT AGENCIES: Lumen values its relationships with recruitment partners and will only accept resumes from those partners that have been contracted by a member of the human resources team. Lumen is not responsible for any fees related to resumes that are unsolicited or are received by any employee of Lumen who is not a member of the human resources team.