Magnolia Medical Technologies has an opportunity for an experienced Accountant to contribute to the success of Magnolia Medical by using general accounting principals and analytical thinking to perform the duties accurately and in a timely manner. For this Staff level Accountant role, we are seeking a detail orientated, skilled accountant with strong General Ledger knowledge and experience. This position offers a place to apply your talent in a growing, innovative and collaborative environment. This position reports to the Controller and is based at our downtown Seattle, WA headquarters with a hybrid schedule working onsite with the team 3 days per week.

About Magnolia Medical Technologies, Inc.

Magnolia Medical is an early-stage rapid growth commercial-stage medical device company that is developing solutions to challenges that have long plagued our healthcare system. Our Steripath® Initial Specimen Diversion Device® for blood collection and contamination prevention has created a new standard of care for prevention of false positive blood cultures, the gold standard diagnostic test for sepsis. Steripath delivers significant clinical and cost savings benefits which have been extensively proven with large bodies of clinical data and peer-reviewed published studies. Based on this exceptional performance profile, we have an exclusive FDA- cleared indication for reducing blood culture contamination and uniquely provide a money-back Clinical Performance Guarantee for Steripath to our hospital customers.

With strong institutional investor backing, we offer highly committed and qualified candidates the opportunity to be a part of building a company dedicated to dramatically improving the accuracy of sepsis diagnostics to positively impact patient outcomes and hospital economics.

Primary Responsibilities:

• Engage in general accounting activities including the accurate and complete preparation, maintenance, and reconciliation of general ledger accounts for assigned balance sheet and expense accounts.
• Prepare and enter journal entries for posting.
• Process customer invoices, prepare daily cash receipts and follow up on customer accounts including collection activities.
• Capital asset management.
• Review processes and recommend improvements.
• Support external audit and initial preparation of state and local tax filings, supporting the Corporate Controller.
• Adhoc projects and reports requested by various departments and levels of management.
• Cross train roles and responsibilities of other team members.

Required Skills and Experience:

• Bachelor’s degree in accounting or related field.
• Minimum 4-6 years of experience in public accounting and/or industry accounting sector
• Strong understanding of standard accounting procedures and US GAAP
• Ability to work in a fast paced, customer and employee centric environment.
• Crisp and clear communications with team, employees and customers.
• Advanced Excel skills, including lookups and pivot tables
• Experience in D365 a plus

More About Magnolia Medical Technologies, Inc.

Magnolia Medical Technologies develops, manufactures, and markets innovative blood and bodily fluid collection devices to facilitate significant improvements in the accuracy, consistency and predictability of critical laboratory tests.

Dr. Richard Patton, the company’s co-founder and Medical Director, invented and patented the Initial Specimen Diversion Technique (ISDT™) and Initial Specimen Diversion Device (ISDD®) for blood culture collection and contamination prevention, and authored the seminal peer-reviewed publication on this technique published in the Journal of Clinical Microbiology in 2010.

Thecompany’sflagshipproduct,Steripath®Initial Specimen Diversion Device® for blood culture collection and contamination prevention, has been clinically proven in 19 clinical studies including 6 peer-reviewed publications to virtually eliminate the preventable error of blood culture contamination and false positive results for the diagnosis of Sepsis – delivering a reduction in false positives of up to 92% with 12-month sustained contamination rates as low as0.2% and an average annualized cost savings of $945,000.

Magnolia is establishing the new standard for blood culture integrity and sepsis testing accuracy with a mission to change national blood culture collection guidelines and contamination benchmarks.

**As a condition of employment with Magnolia Medical Technologies, you are required to provide proof that you are fully vaccinated against COVID-19 or qualify for a reasonable accommodation.