Manager, Accounts Payable

Accounts Payable Manager

Ray Therapeutics, Inc. Berkeley, California, United States (Hybrid)

Ray Therapeutics mission is to restore vision to people with retinal degenerations. RayTx is using a novel bioengineered optogenetic protein optimized for human vision delivered by AAV to restore visual function in a mutation agnostic approach and without vRTx-015 in retinitis pigmentosa, a degenerative retinal disease with significant unmet medical need as well as a pipeline to treat both rare and large market indications.

We are currently seeking an Accounts Payable Manager to join our growing Finance & Accounting team, reporting directly to the Corporate Controller.

This position is based in Berkeley, CA and requires 3 days a week in-office.

Position Overview:

This role is responsible for the accurate and timely processing of accounts payable transactions, expense reports, vendor communications, and related general accounting activities. The candidate thrives in a fast-moving biotech environment, brings deep technical AP expertise, and is energized by building scalable processes from the ground up. In addition, this candidate should be able self-motivated, adaptable, and a strong team player with a solid work ethic.

Key Responsibilities:

• Oversee full-cycle accounts payable operations utilizing Bill.com, Concur, Quickbooks and Netsuite, including invoice processing and approvals.
• Build/Support AP processes to support growth with increasing vendor volume
• Manage and monitor the AP email inbox, including responding to vendor inquiries, payment requests, and invoice related questions.
• Ensure accurate coding of expenses, particularly across R&D, clinical, and G&A cost centers
• Drive system optimization, including workflows, approval routing, vendor records, and reporting enhancements
• Support the formalization of SOX-compliant AP processes, documentation, and controls
• Adhere and enforce internal controls, including, 3-way match (PO, invoice, receipt) and approval workflows and spending authority limits
• Support quarterly reviews and annual audit by providing requested documentation to auditors
• Manage AP close activities, including accruals (with a focus on legal, consultants and R&D spend)
• Oversee vendor onboarding and maintenance within the ERP, including validation of tax forms (W-9), banking details, and compliance checks
• Ensure 1099 reporting compliance and year-end filings
• Maintain strong relationships with key biotech vendors (CROs, CMOs, labs, consultants)
• Support financial systems implementations and participate in process improvements.
• Assist on special projects and ad-hoc assignments as needed
• Adapt to evolving responsibilities and business needs within a growing organization

Qualifications & Experience

• Bachelor’s degree in Accounting, Finance, or related field
• 6–10 years of progressive AP or accounting experience
• Prior experience in biotechnology, pharmaceuticals, or life sciences; development‑stage or pre‑commercial experience strongly preferred
• Experience supporting SOX readiness, IPO preparation, or public company finance operations preferred.
• Hands-on experience with ERP systems—NetSuite strongly preferred
• Strong knowledge of GAAP, AP processes, and internal control
• Deep understanding of AP internal controls, payment fraud prevention, and segregation of duties
• Required experience with Concur expense management system and NetSuite ERP system.
• Strong understanding of AP processes, expense reporting, and internal controls.
• Knowledge of 1099 reporting requirements and audit support processes.

Compensation Range and Benefits

• For this role, the anticipated base salary range: $120K- 140K, based on the candidate's professional experience level. The final salary offered for this position may take into account a number of factors including, but not limited to skills, education, and experience.
• Ray Therapeutics also offers annual performance-based bonus, annual equity awards and a comprehensive benefits package.

At Ray Therapeutics, we celebrate diversity and are committed to creating an inclusive environment for all employees; providing an environment of mutual respect where equal employment opportunities are available to all applicants and teammates without regard to race, color, religion, sex, pregnancy, national origin, age, physical and mental disability, marital status, sexual orientation, gender identity, gender expression, genetic information, military and veteran status, and any other characteristic protected by applicable law.

All employment is decided on the basis of qualifications, merit, and business need.