Director of Finance and Accounting

2 weeks ago

Boston, United States 1910 Genetics Full time
Job DescriptionJob Description

Company Overview

1910 Genetics is a Series A stage biotechnology company that is pioneering a novel Input-Transform-Output (ITO™) platform as the first ever horizontal AI infrastructure for drug discovery.

In a crowded space with hundreds of AI drug discovery companies, 1910's ITO™ platform is differentiated by:

  • Modality agnostic drug discovery: our platform is capable of designing both small molecule and large molecule therapeutics across all disease areas, with an initial focus on neuroscience, oncology, and autoimmune diseases.
  • Proprietary massive multimodal data, which overcomes the data scarcity problem that prevents frontier AI models from being utilized for drug discovery.
  • Multi-AI agent systems that include a robust collection of frontier AI/ML models, each of which works in a task-oriented manner to achieve the multi-parameter optimization problem of drug discovery and development.
  • A state-of-the-art (SOTA) fully-automated, high throughput wet laboratory in the premier Boston Seaport District for both data generation for AI model training as well as validation of the safety and efficacy of drug candidates that are outputted by our frontier AI models.
  • An unprecedented partnership with Microsoft, which positions 1910 as the only biotech/pharma company leveraging Azure Quantum Elements, a groundbreaking, AI-driven, high performance computing (HPC) cloud architecture for advanced AI.
  • Bespoke conversational AI chatbots that provide a customer friendly UI/UX to access our platform for specific drug discovery tasks.
  • Being the only biotech company helping pharma companies integrate 6 core areas of AI infrastructure.

Role Description

  • Lead our finance and accounting function, including but not limited to financial strategy, financial analysis, financial reporting, accounting, revenue and budget forecasting, contracting and procurement, etc.
  • Provide timely, accurate, and comprehensive reports on the company's finances and operations
  • Lead the FP&A function, including budgeting, forecasting, and variance analysis to support strategic decision-making.
  • Develop and refine financial models and projections to enhance business planning and provide clear insights into revenue streams and expenditures.
  • Collaborate with department heads (CTO, CSO, CMO, CBO, COO) to formulate the company's fiscal strategy, and refine budgeting and resource allocation across projects.
  • Oversee the preparation and finalization of monthly, quarterly, and annual financial reporting and present financial matters to the board of directors.
  • Manage external accountants and auditors and ensure compliance with accounting and finance regulations.
  • Implement policies and procedures for effective control of financial operations including strategic planning, capital budgets, operating budgets & cash flow projections.
  • Supervise AR, AP, payroll, and fixed asset activities as well as oversee the accounting for equity awards.

Qualifications

  • 5 - 10 years of experience in a financial and operations leadership position such as Director or Sr. Director of Finance from a VC-backed high growth biotech or tech company
  • Track record of building the finance & accounting functions of a high growth biotech or tech company from scratch
  • Advanced proficiency in financial modeling, forecasting, budgeting process and data analysis tools.
  • Experience with ERP systems and financial software applications.
  • Excellent communication and presentation skills, with the ability to convey complex financial information to non-financial stakeholders.
  • Experience in developing internal controls and driving implementation of policies and procedures.
  • Experience in startups or dynamic high-growth companies is a plus.
  • Experience building a team and managing a team is a plus

Nice to Haves

  • Background in accounting and previous experience as a comptroller is highly desired
  • Background in biotech/pharmaceuticals or technology is a major plus

#LI-Onsite

Diversity and Inclusion (1910's Promise)

At 1910, we believe that a diverse, equitable, and inclusive workplace furthers relevance, resilience, and longevity. We encourage people from all backgrounds, ages, abilities, and experiences to apply. 1910 is proud to be an equal-opportunity workplace and is an affirmative action employer. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, or Veteran status. If, due to a disability, you need an accommodation during any part of the interview process, please let your recruiter know. While 1910 supports visa sponsorship, sponsorship opportunities may be limited to certain roles and skills.

Benefits and Perks

  • Competitive compensation package
  • Above market benefits
  • Generous vacation and parental leave
  • Super cool team building activities
  • Great colleagues

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