Structure Therapeutics develops life‐changing medicines for patients using advanced structure‐based and computational drug discovery technology. The company’s platform combines the latest advancements in visualization of molecular interactions, computational chemistry, and data integration to design orally available, superior small molecule medicines that overcome current limitations of biologic and peptide drugs. We are advancing a clinical‐stage pipeline of differentiated treatments focused on chronic diseases with high unmet need, including cardiovascular, metabolic, and pulmonary conditions.

Structure Therapeutics is led by an experienced group of international drug innovators and financed by top-tier global life sciences investors. The company has completed an initial public offering (IPO) in February of 2023. With offices in California and Shanghai, Structure Therapeutics has the benefit of being at the center of life science innovation in both the US and China and capitalizing on the strengths of each geographic location.

POSITION SUMMARY

The Accounting Manager will report to Sr. Accounting Manager. The role requires a strong foundation in accounting principles. This role is responsible for, but not limited to, the accuracy of prepaid, fixed asset accounting, lease accounting, expense accruals, intercompany and allocations.  #hybrid

ESSENTIAL DUTIES AND RESPONSIBILITIES

PREPAIDS:

• Proper recording of prepaid activities, including addition and amortization across multiple entities and multiple currencies.
• Participate in the automation project by setting up prepaid schedules and running monthly amortization.
• Monitor and reconcile the prepaid module to the general ledger on a regular basis.

LEASE ACCOUNTING:

• Proper recording of lease journal entries.
• Assist with set-up of all new leases and validation of lease data and attributes.
• Maintain lease schedules.
• Monitor monthly rent billing to ensure proper GL coding.
• Review annual CAM billing.
• Calculate asset retirement obligations for those fixed assets to which AROs are applicable.

ACCRUALS:

• Proper recording of expense accruals utilizing open PO report, accrual tracker and vendor input.
• Meet with business owners to determine the completeness and reasonableness of accrual amounts.
• Evaluate the sufficiency of accruals at period end through critical consideration of balances, trends, and FP&A and business-owner input.

INTERCOMPANY AND ALLOCATIONS:

• Proper recording of operating expenses to affiliates by project code.
• Allocate facility expenses to affiliates.
• Review the accuracy of cross charges.
• Prepare intercompany invoices for settlements.
• Prepare reconciliations and review the offsetting balances. Resolve discrepancies in a timely manner.
• Responsible for the ongoing development of the intercompany processes, improvements and policies.

OTHER TASKS:

• Reconcile all the GL accounts assigned.
• Prepare flux analysis and provide explanations for variances for the GL accounts assigned.
• Prepare equity roll forward.
• Compile management review package.
• Provide support for the audits, providing necessary documentation and supporting schedules.
• Development and maintain policy and procedure documents.
• Other duties as assigned.

CORE COMPETENCIES, KNOWLEDGE AND SKILL REQUIREMENTS:

• Advanced skills in Microsoft Excel are a must.
• Exposure in foreign currencies is highly desired.
• Strong work ethic, including sound judgment, outstanding interpersonal skills, and ability to work independently.
• Excellent understanding of GAAP accounting principles, specifically related to the areas aforementioned.
• Results and detailed-oriented mindset with an opportunistic eye toward process improvements.
• Must be able to collaborate and communicate (oral and written) effectively.
• Biotech experience is a plus.
• Experience using NetSuite is a plus.

REQUIREMENTS

Education 

• BA/BS degree in accounting

Experience

• 5-7 years of accounting experience

Licenses or Certifications

• CPA preferred

The target salary range for this full-time role is $122,800 - $147,400 bonus equity benefits. Structure Therapeutics determines salary ranges based on level and scope of responsibilities, as well as location. Individual pay is further determined by additional factors, including relevant experience, specific job skills, education and training. More details about the specific salary range for your location will be discussed with you during the hiring process by the StructureTx Talent Acquisition Team.