POSITION SUMMARY – Assistant Controller

Théa Pharma Inc. is the newly established United States commercial organization of the successful global French-based pharmaceutical parent company, Laboratoires Théa, in Clermont-Ferrand.

 

Théa Pharma delivers a suite of leading established eye-care U.S. Food and Drug Administration (FDA) approved prescription drugs and OTC, including Zioptan®, Cosopt®, Cosopt® PF, Azasite®, Akten®, and Betimol®, as well as AcellFX™ Acellular Amniotic Membrane and the portfolio of iVIZIA OTC dry-eye drops and hygiene products.  In December 2022, Théa Pharma received FDA Approval for the only clinically proven preservative-free formulation of latanoprost IYUZEH™ exclusively available in the United States to reduce Elevated Intraocular Pressure (IOP).  IYUZEH™ is positioned to launch in mid to late 2023.

 

Théa Pharma offers a phenomenal opportunity for candidates desiring to establish themselves to grow with an organization with a long-term vision.  By focusing on its parent company’s passion, leveraging long-term proven success, and investing in U.S. market expertise, Théa Pharma delivers uncompromising care allowing all stakeholders to envision the future of ophthalmic treatment with eyes wide open. 

 

Théa Pharma seeks a highly motivated, pragmatic, and results-driven Assistant Controller ideally with experience in a commercialized, start-up subsidiary in the Life Sciences sector.  Reporting to the U.S. Vice President of Finance and Controller, the candidate will work closely to partner with the U.S. team while assisting in the support the Corporate Headquarters Financial needs.

 

In the first six months, the candidate rolls up their sleeves and takes ownership of the day-to-day U.S. Accounting Team needs, monthly close, proactively stand-up systems and process, solidifying the U.S. Accounting Function. The candidate must be able to solve a wide range of challenges, raise business issues, and implement process improvement opportunities. 

 

Théa Pharma offices are moving to a new space with on-site amenities on Wyman St., in Waltham, MA, in early 2023.

 

KEY RESPONSIBILITIES

 

·      Successfully partner with the U.S. VP of Finance, and Controller, take ownership of Accounting Operations, Monthly Close and lead the accounting team to achieve hitting all Corporate Headquarters' deadlines.

·      Assist in creating Accounting goals, aligning achievable individual goals with Théa goals, and supporting the success of individual team members and the entire organization.

·      Build a strong relationship with Headquarters, integrate processes, and assist in providing timely financial reporting essential to Théa's global Accounting and Finance team success.

·      Refine and execute successful Budget Manager procurement ERP workflows, Purchase Orders, Invoices, and streamline all vendor procurement, especially more significant critical outsourced service providers.

·      Research and document technical accounting position memos for crucial accounting areas and work with consultants and auditors to ensure U.S. and French GAAP compliance.

·      Clearly and concisely document and successfully communicate complex accounting and reporting issues to finance and non-finance personnel (i.e., can communicate technical matters in 'plain English').

·      Efficiently improve the U.S. Controls to support the business and upcoming product launch, guaranteeing that all U.S. Accounting Policies comply with Corporate Headquarters.

·      Lead and manage the accounting team with overall responsibility for the preparation of timely financial statements in accordance with U.S. GAAP and assisting translation into French GAAP.

 

Operations and Month-End Close

 

·      Oversee the month-end-close activities, including preparing and reviewing journal entries, supporting schedules and Balance Sheet reconciliations, internal accounting data requests, and reporting requirements.

·      Mentor Senior Accountant in the management of monthly close checklists, suggest process improvements and facilitate enhancement to current processes.

·      Maintain all aspects of the general ledger and manage the accounting team to ensure timely and accurate recording of financial transactions by the Accounts Payable Specialist.

·      Maintain the Balance Sheet, make necessary accruals, and monitor items such as fixed assets, leases, earnouts, royalty estimates, and purchase price allocation accounting.

·      Assist with the successful completion of the year-end close and quarterly reviews.

·      Key contributor in reporting, management discussions, and commentary related to monthly, quarterly and year end budget vs. actual.

 

Revenue Management and Oversight

 

·      Monitor Accrual Assumptions underlying the Gross-to-Net Revenue accounting for quarterly Revenue in coordination with the company's third-party logistics provider (3PL) and management.

·      Assist in designing and implementing Gross-to-Net Revenue procedures and reporting within NetSuite; develop and refine controls and processes to monitor Revenue Recognition.       

·      Ensure accurate and timely entry of Gross-to-Net Revenue account balances under ASC 606, provide analyses and adjustments, and prepare reports as needed.

·      Manage all responsibilities related to inventory, sales, and cost of goods sold activities to capture the allowable costs associated with Revenues.

 

Audit, Controls, Compliance, and Tax

 

·      Partner with the U.S. Vice President of Finance and Controller and Corporate Headquarters to establish an Audit and Tax Committee or similar function to provide Executive leadership transparency and assist in any reporting or feedback necessary from the Board of Directors.

·      Assist in establishment and alignment of a Tax Complaint Cash Pooling Strategy with Corporate Headquarters.

·      Create, improve, and strengthen the internal control environment, including documentation of policies and procedures.

·      Provides guidance to global functional departments related to application of accounting policies and processes.

·      Provide guidance/research to finance organization for all technical accounting inquiries and ensure proper accounting treatment of all transactions under U.S. GAAP.

·      Assist and partner closely with third parties to manage annual audits and tax filings and book any necessary quarterly estimates.  Serve as primary liaison with external auditors on significant judgments and accounting matters.

 

Required Skills/Abilities: 

 

·      Experience managing, mentoring, nurturing and developing team members.

·      Start-up systems implementation and integration skills (NetSuite (ERP), Concur (Expense Management), J.P. Morgan (Bank) or similar systems)

·      Strong interpersonal skills and ability to effectively communicate with teams across the entire organization, especially with multicultural dynamics.

·      Firm understanding of Regulatory, Compliance, and Audited ERP system environments.

·      Excellent organizational skills, attention to detail, leadership and decision-making skills.

·      Firm understanding of SOX compliance and extensive knowledge of U.S. GAAP with the ability and ingenuity to adapt financials to view in French GAAP.

 

EDUCATION AND EXPERIENCE

 

·       Minimum 10 years of progressive accounting and finance experience in public accounting or with a private or publicly traded company with global operations, CPA, or equivalent experience

·       Positive work ethic, superb communication and organizational skills, high attention to detail, and unquestionable integrity and personal ethics.

·       Demonstrated ability to thrive in a dynamic and fast-paced environment with the ability to execute and drive process improvements.

·       International or the ability to work in a culturally diverse environment is preferred.

·       A French-speaking candidate would be a significant plus.

 

BENEFITS AND PERKS

Théa offers a full suite of employee benefits, including employer-paid health insurance, a generous schedule of paid time off (PTO), Life and Disability insurance, and 401K. Thea is a flexible and entrepreneurial work environment where you will enjoy an inclusive culture and the opportunity to have your voice and ideas directly shape the company’s future.

Shuttle transportation will be available from Alewife station to our new offices in Waltham for employees using public transportation. Free parking is available to employees who drive to work.

EEO STATEMENT

 

Théa Pharma Inc. is proud to be an Equal Employment Opportunity employer. At Thea, we not only support the diversity of our employee population, but we also celebrate the way our team members’ unique backgrounds and experiences contribute to the success of our company. Thea does not discriminate on the basis of race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics. Thea Pharma Inc. does not tolerate harassment or discrimination of any kind. Your information will be kept confidential according to EEO Guidelines.