Associate Director, Accounting & Consolidation

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Associate Director, Accounting & Consolidation

Location:

Allschwil, Basel Area, BL, CH

Headquartered near Basel, Switzerland – a European biotech hub – Idorsia has a highly experienced team of dedicated professionals, covering all disciplines from bench to bedside; QUVIVIQ (daridorexant), a different kind of insomnia treatment with the potential to revolutionize this mounting public health concern; strong partners to maximize the value of our portfolio; a promising in-house development pipeline; and a specialized drug discovery engine focused on small-molecule drugs that can change the treatment paradigm for many patients.

The Associate Director, Accounting & Consolidation, performs the consolidation and is responsible for supporting quarterly reporting. The position holder supports bookkeeping and reporting for headquarter (partially) and a defined number of Idorsia entities, and ensures accurate month-end, quarter-end and year-end closings.

Requirements:

• At least 5 years professional experience of which at least 2 years in a group finance department or over 2 years of experience in consulting and audit business.
• Excellent knowledge of statutory and intercompany relations and its effect within the consolidation of legal entities –
• In-depth knowledge of US GAAP
• In-depth knowledge of Swiss statutory accounting and its application
• Good experience with consolidation software SAP Group Reporting is a plus
• Demonstrated experience with internal controls evaluation, and COSO Internal Control Framework
• Understanding of audit work and documentation requirements in consistently changing economic environment and accounting requirements
• Good analytical, planning and interpersonal skills
• Ability to thrive in a fast-paced, high-pressure environment, while managing multiple tasks and responsibilities simultaneously
• Excellent communication skills, ability to communicate with external and internal partners
• Clear sense of priorities, meeting deadlines and timely planning of recurring tasks and closing requirements
• Autonomous working-style
• Self-starter capable of working independently, highly self-motivated
• Ability to account for complex transactions (IP R&D, leasing, contingencies, pension, F(x) etc.)
• Fluent in English; German is an asset

Job Responsibilities:

• Prepares consolidation journal entries, eliminates intercompany transactions, and consolidated divisional and subsidiary financial accounts on a timely and accurate basis for inclusion in internal and external financial statements and reporting Coordinate with the Group’s external auditors, overseeing the quarterly financial statement reviews and the year-end audit, and responding on a timely basis to auditor
• Implementation of new accounting standards and other business-specific accounting transaction in the Group’s accounting and reporting systems
• Maintains and updates Group Accounts Descriptions
• Ensures accurate and timely monthly, quarterly and year end close processes for the respective entities
• Performs complex journal entries for HQ entities
• Elaborate and document complex accounting transactions (e.g., Out licensing deals, different financing transactions, etc.)
• Prepare Group Financial Statements
• Prepare Group MD&A
• Coordinate internal and external audits
• Working with the business and members of the management team to ensure the control environment is operating effectively to mitigate risk and ensure compliance with Idorsia’s Control Environment
• Evaluating ICFR requirements, identifying controls, analyzing control gaps, and evaluating the design and operating effectiveness of control
• Monitor and revise policies and procedures as needed to ensure the adequacy and effectiveness of ICFR
• Work with process owners to assess the risk related to ICFR control findings
• Identifying factors causing control deficiencies and providing constructive and practical recommendations to process owners to mitigate risks
• Supports Senior Director Head Finance HQ & External Reporting in all tasks around financial accounting and reporting
• Supports, reviews and instructs globally the affiliates in accounting and reporting matters with the right sense for cultural differences
• Supports affiliate Finance Managers and HQ controllers on corrective measures
• Supports various General ledger bookings and reconciliations for IPL and certain other smaller Idorsia companies
• Supports in ERP and consolidation developments

Business Area: Corporate Finance

Job Type: Permanent

Job ID : 4588

At Idorsia, we harness the power of difference, authenticity, and inclusion to achieve business success.
We encourage all potential candidates with diverse backgrounds of race, color, religion, sexual orientation, gender identity, age, national origin, and disability to submit their job applications. All applicants will receive consideration.
We are committed to fostering respect, fairness, and equal opportunities for all job applicants and our employees.

Please be informed that if you are selected for this position, your employment will be subject to a pre-employment background screening process, of which you would be informed in greater detail in due course.

Idorsia Pharmaceuticals Ltd ("Idorsia") is committed to a fair and transparent application process. In order to avoid any conflict of interest in line with Idorsia Code of Business Conduct, which would undermine such a commitment, the applicants must disclose any personal, financial, or other outside interests interfering with the interests of Idorsia. Further, the applicant is obliged to disclose any and all relationships with close or affiliated persons, who are employees of Idorsia or are collaborating with Idorsia in any other contractual relationship.

Please note Idorsia operates a strictly controlled list of preferred recruitment partners. For those partners who have no valid, signed Master Service Agreement in place with Idorsia, all unsolicited resumes, CVs, anonymous profiles, or any other candidate details submitted through our website or to personal e-mail accounts of employees of Idorsia Pharmaceuticals (including any of its subsidiaries, affiliates, or related companies) are considered the property of Idorsia Pharmaceuticals and are not subject to payment of any form of introduction, placement or referral fees.