Financial Accountant

Beacon Therapeutics (USA) Inc; Greater London; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

A leading biotech company in London is seeking a Full-Time Financial Accountant to support innovative projects through accurate financial management. This role involves preparing financial statements, managing accounts payable, and ensuring compliance standards are met. The successful candidate will collaborate with cross-functional teams to enhance financial processes and reporting accuracy. A strong understanding of accounting software like NetSuite is essential. This position is hybrid, allowing for flexible work arrangements while contributing to significant healthcare advancements.

Qualifications

• Proficiency in accounting software, particularly NetSuite, is essential.
• Expertise in handling Accounts Payable processes is vital.
• Strong understanding of compliance related to 1099 forms and VAT regulations.

Responsibilities

• Prepare and maintain financial statements and manage general ledger entries.
• Support budget preparation and forecasting efforts.
• Ensure adherence to compliance standards and prepare for audits.

Skills

Proficiency in accounting software (NetSuite)

Accounts Payable processes

Analytical skills

Attention to detail

Effective communication

Process improvement mindset

Tools

NetSuite

Job description

Join Beacon Therapeutics (USA) Inc as a Full-Time Financial Accountant in London, where you will play a pivotal role in supporting our innovative biotech projects. Working at a hybrid capacity, you will collaborate closely with a dynamic team dedicated to transforming the healthcare landscape through cutting‑edge research. This position allows you to take accountability for financial reporting, drive continuous improvement initiatives, and uphold the highest standards of integrity in all financial practices. Surrounded by a diverse and forward‑thinking team, you’ll contribute to ensuring the financial health of a company that is committed to making remarkable advances in biotherapeutics.

Your insights will not only enhance our financial operations but also help in shaping strategic decisions that lead to impactful results. If you are seeking a professional environment that values collaboration and transparency, this is your opportunity to make a difference.

Let us introduce ourselves

If you’re passionate about gene therapy and its ability to enhance the lives of patients, then Beacon is a great team to join. We’re a diverse, multi‑national team of talented people all working together at our sites in the US and the UK, or as a remote contributor. Everyone here, whatever their role or location, plays a genuine part in bringing our treatments to patients. Everyone has a voice, and every contribution makes a difference.

Your role as a Financial Accountant - UK

As a Full‑Time Financial Accountant at Beacon Therapeutics (USA) Inc in London, you will be responsible for a range of daily tasks that ensure accurate financial management. You’ll prepare and maintain financial statements, manage general ledger entries, and assist in monthly close processes. Daily reconciliations of accounts will be a key part of your routine, as will tracking and analyzing financial data to identify discrepancies. You will collaborate with cross‑functional teams, providing insights and reporting that drive decision‑making.

Additionally, you will support budget preparation and forecasting efforts, ensuring alignment with company goals. Continuous improvement will be an essential focus, as you will actively seek ways to enhance financial processes and reporting accuracy. Your role will also involve adhering to compliance standards, maintaining thorough documentation, and preparing for internal and external audits, ensuring transparency and integrity in all financial dealings.

What matters most

To thrive as a Full‑Time Financial Accountant at Beacon Therapeutics (USA) Inc, certain skills and competencies are crucial. Proficiency in accounting software, particularly NetSuite, is essential for preparing and posting general journal entries, managing fixed asset transactions, and conducting month‑end accounting activities. Expertise in handling Accounts Payable processes, including matching purchase orders to invoices and managing vendor accounts, is vital. A strong understanding of compliance related to 1099 forms and employee expense claims, along with familiarity with VAT regulations, will enhance your ability to maintain accurate records.

You should possess excellent analytical skills to investigate and resolve queries efficiently and ensure timely financial reporting. Strong attention to detail is necessary for maintaining the Goods Received Not Invoiced ledger and conducting daily bank reconciliations. Effective communication and collaboration will aid in liaising with external auditors and cross‑functional teams. Lastly, a proactive mindset for identifying and implementing process improvements will contribute to the overall efficiency of financial operations.

Knowledge and skills required for the position are:

Accounts Payable

• Full purchase to pay responsibilities. This will involve but not be limited to matching purchase orders to invoices to ensure accurate and timely payment processing. Processing non PO related invoices in accordance with company policies. Investigating and resolving queries related to purchase orders invoices and vendor accounts. Managing new vendor setup ensuring compliance with internal controls and documentation. Responsible for reviewing and approving employee expense claims ensuring timely reimbursement accurate VAT recording and full compliance with the Company’s Travel and Expense policy. Maintain the Goods Received Not Invoiced ledger ensuring all open items are accurate and up to date. Manage the preparation and submission of 1099 forms for U.S. entities only.

Treasury

• Process payments through the Company’s online banking platform ensuring accuracy and compliance with internal controls. Perform daily bank reconciliations and post corresponding journal entries to ensure accuracy and completeness of financial records.

Month End Accounting

• Oversee fixed asset and intangible acquisitions and disposals and ensure accurate calculation and posting of monthly depreciation. Recognize and release prepayments and accruals monthly ensuring accurate financial reporting. Prepare and post general journal entries in NetSuite ensuring accuracy and compliance with accounting standards. Calculate the estimated research and development tax credit ensuring only eligible spend is included in the calculation. Maintain lease schedules posting interest depreciation and any necessary movements when new terms are agreed. Review VAT ensuring correct VAT codes are applied throughout all transactions. Responsible for preparing balance sheet reconciliations to ensure accuracy and compliance with accounting standards.

Year End Accounting

• Liaise with external auditors providing timely and accurate responses to relevant queries. Prepare statutory disclosure notes for financial statements.

Process Improvements

• Identify and lead process and system improvements within the purchase to pay and record to report functions across all Beacon entities.

Adhoc Duties

• Assist with other Beacon entities when the need arises. This job description is subject to change at any time.

Join us!

If you can meet these requirements and perform this job as described above, we would be happy to have you as part of our team!