The Role
About Prilenia
Prilenia, a private biopharmaceutical company with a highly committed and talented global team, is seeking a Senior Director, Finance & Accounting in the US, the EU or IL. Being part of Prilenia is being a part of a simple but urgent mission – the development of transformative medicines for people affected by devastating neurodegenerative diseases. Driven by an unwavering commitment to scientific excellence, Prilenia is developing pridopidine, a first-in-class potentially neuroprotective sigma-1 receptor (S1R) agonist, which, if approved by the EMA later this year, could be the first approved drug to impact clinical disease progression and not just manage symptoms.
Prilenia holds Orphan Drug designation for pridopidine in HD and ALS in the U.S. and EU. In addition, pridopidine has received Fast Track designation by the U.S. Food and Drug Administration (FDA) for the treatment of HD. The European Medicines Agency (EMA) has accepted for review Prilenia’s European Marketing Authorisation Application (MAA) seeking regulatory approval of pridopidine for the treatment of HD. This is the first submission seeking approval for a potential treatment that can impact clinical progression in HD. For ALS, Prilenia also plans to initiate a pivotal Phase 3 trial to evaluate pridopidine.
To learn more about our story and company culture, visit us at https://Prilenia.com.
About the role
We are currently seeking a passionate, highly motivated, and process-driven individual for the position of Senior Director, Finance & Accounting. Reporting to the Chief Financial Officer and managing the global accounting and finance function, the successful candidate will oversee all accounting operations of the company, including the timely production of financial reports, maintenance of an adequate system of accounting records, and a comprehensive set of controls designed to mitigate risk, enhance the timeliness and accuracy of the company's reported financial results, and ensure that reported results comply with US generally accepted accounting principles (US GAAP) and, where applicable, international financial reporting standards. This individual will be responsible for leading and managing all financial reporting processes, as well as leading technical accounting research related to new and proposed accounting standards and complex accounting transactions. This hands-on leadership role requires a candidate who can seamlessly navigate high-level, complex finance responsibilities while also delving into day-to-day details.
This is a position of global presence and international business acumen will be important. The successful candidate must demonstrate ownership, initiative and accountability. He/she must have the ability to plan, execute, control and deliver on responsibilities and expectations and lead and influence others effectively. The candidate must have a proven track record of the ability to independently define problems, collect data, establish facts and solve problems. He/she must develop priorities and adjust work plans to meet deadlines, while motivating a team of company employees and service providers for excellence and consistency. International business experience, a keen understanding of the multi-currency, multi-entity consolidation process and background in late-stage biotech/ pharma (preferably with commercial experience) are critical. As we are a virtual and global organization, we value candidates who are comfortable and adept in a remote work environment.
This position requires a candidate who can seamlessly navigate high-level, complex finance responsibilities while also delving into day-to-day details. As we are a virtual and global organization, we value candidates who are comfortable and adept in a remote work environment.
Roles and Responsibilities
- Assume full responsibility for planning, directing and coordinating all accounting and treasury operational functions across the global organization.
- Maintaining and enforcing a documented process of accounting policies and procedures to support the timely financial close of the entity's global business and quarterly reporting requirements to its investors.
- Review financial reporting accuracy and ensure compliance with internal controls, including regular balance sheet account reconciliations.
- Provide leadership in developing a strong global accounting team, including the design of an organizational structure adequate for achieving the department's goals and objectives.
- Manage intercompany party agreements across global entities and ensure integrity of intercompany balances via controlled processes related to monthly and quarterly intercompany activity and reconciliations.
- Ensure proper accounting and financial statement presentation and disclosures for new accounting pronouncements, complex accounting areas and significant transactions.
- Implement process improvements related to streamlining and enhancing reporting and developing actionable analysis.
- Overseeing all aspects of payroll and income tax compliance via coordination with and review & approval of external service provider workpapers.
- Partners with CFO and Operations in coordinating insurance compliance and reporting, for appropriate global coverages of business assets and risk mitigation.
- Prepare company and develop processes for revenue accounting, including gross-to-net considerations, related to early access programs and revenue recognition related to regional commercial partnerships.
- Prepare company and develop processes and policies for initial capitalization of manufacturing costs as inventory, in anticipation of initial commercial approval.
- Assume ownership for the relationship with the external audit team and manage the annual audit of the consolidated US GAAP financial statements, to ensure timely completion.
Qualifications & Skills
- Bachelor's degree in accounting.
- Active CPA highly preferred.
- 10+ years of progressive accounting experience, with previous experience as a controller or assistant controller highly preferred.
- Professional experience includes reaching at least role of Assurance/Audit Senior Manager at a Big 4 accounting firm highly desirable.
- Strong knowledge and understanding of US GAAP.
- Life science / biotech experience highly preferred.
- Experience with and desire to work for a remote-first, international company.
- A demonstrated track record of success within a transformational environment: a desire to build and enhance financial processes, rather than a caretaker for mature, fully developed systems.
- Process oriented: ability to bring clarity to the complex, efficiency to the cumbersome.
- Ability to interact, challenge and communicate effectively with team members at all levels within the organization.
- Experience leading cross-functional projects.
- Self-motivated, solution-oriented and strong attention to detail.
- Has demonstrated decision-making, critical thinking and problem-solving abilities.
- Organized and easily adaptable to changing conditions, with ability to successfully manage multiple projects.
- English language fluency required.
Location/Time Zones
- This is a full-time, mostly remote hybrid position.
- Flexible schedule with interactions across United States (East Coast), Israel, and Europe time zones.
- Occasional, infrequent travel required
Prilenia operates across the United States, Canada, Europe and Israel, is incorporated in the Netherlands and backed by leading life sciences investors. We are a highly flexible organization that is mostly remote and encourages team members to work in the ways that make them most effective, with a focus on our common goals and getting the job done.
Prilenia is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. We are dedicated to fostering a diverse, inclusive, and welcoming workplace for all.
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The Company
What We Do
Prilenia is a clinical-stage biotech company focused on developing novel treatments for neurodegenerative and neurodevelopmental disorders. Our lead asset is Pridopidine, a first-in-class oral drug candidate with an established safety profile and potential in multiple movement disorders and neurodegenerative diseases affecting adults and children. Pridopidine is currently being evaluated for the treatment of Huntington’s disease in our global Phase 3 PROOF-HD trial, and for the treatment of ALS in the Phase 2/3 HEALEY platform trial. The company is led by Dr. Michael Hayden, MD, PhD, the founder of five biotech companies and previous President of Global R&D and Chief Scientific Officer at Teva. Michael has directed the development of multiple innovative drug products, leading to 35 approvals between 2012-2018. The Company is based in Naarden, the Netherlands, Herzliya, Israel and Boston, MA in the U.S.
