Danforth Advisors Director - Accounting and Reporting Advisory in New York, New York
Accounting Reporting Advisory Practice
Danforth Advisors is seeking seasoned accounting and financial reporting professionals that specialize in advising clients in the life sciences to join our growing Accounting Reporting Advisory Practice (ARAP).
Danforth Advisors’ ARAP provides advisory and implementation services for maturing life science companies whether they are preparing for audit, facing transaction related accounting complexities, or laying the groundwork for an initial public offering (IPO), special-purpose acquisition corp. (SPAC) financing, reverse-merger or sale/purchase of a business.
These services complement our full range of day-to-day operational finance and accounting capabilities, allowing clients to access specialty skill sets on an as-needed basis for optimal capital efficiency. Given our exclusive focus on the life science sector, we uniquely understand the nature, timing and implications of transformational events in this space and how to plan accordingly on our clients’ behalf.
Danforth Advisors’ ARAP team is comprised of CPAs and Big Four alumni with experience serving private and public life science companies, bringing extensive knowledge and experience managing the financial functions of early to mid-stage life science enterprises. We are motivated by supporting companies that are finding cures and changing lives.
As a member of our consulting team, you will collaborate with talented colleagues to offer clients a wide range of services that are customized to meet the unique goals and requirements of each client engagement. Client and practice responsibilities include:
Attending to the more technical accounting and reporting matters our consultants and clients are faced with during early and mid-stages of their growth and development;
Leading/being a significant contributor to various transactional activities, including business combinations, IPO preparations, SPAC and reverse-mergers;
Directing the day-to-day operational finance and accounting activities of formative life-science companies; and
Working within the ARAP team to develop the practice internally and externally.
DIRECTOR - Accounting Reporting Advisory Practice
Team contributor to transactional activities
Subject matter expert on technical topics: e.g., equity-based compensation, leases
Director leadership of operational finance and accounting functions
Recruiting, training and professional development for ARAP
Skills and responsibilities include:
AICPA and PCAOB-level audit readiness
Financial statement preparation for private and for public companies
Preferred equity and convertible debt financings
Warrant accounting, derivative financial instruments
Cap table development and maintenance; pro-forma
Business combinations, asset acquisitions, in- and out-licensing
Revenue recognition, collaborations, joint-ventures
Consolidation, currency, variable interest entities (VIEs)
Systems implementations: general ledger, purchase-to-pay, cap table management
Financial and operational diligence
IFRS/other GAAP conversions
IPO/SPAC financing/reverse merger accounting and reporting
S-1 preparation and project management
Public company readiness, evaluating finance organizations, financial systems and internal controls over financial reporting (ICFR)
SEC reporting, Forms 10Q, 10K et. al. Sarbanes-Oxley (SOX) compliance
ARAP practice development: marketing, recruiting, training, professional development
5-7 years of Public Accounting
Bachelor’s Degree in accounting, CPA a must, MBA a plus
Experience with a Big 4 or other significant CPA firm
IFRS experience preferred
Experience in Life Science industry
Demonstrated ability to work in an early stage start-up environment
Creative problem-solving skills including the ability to identify, recommend and implement solutions
Strong interpersonal and client relationship skills
About Danforth Advisors
Danforth Advisors is the financial backbone to hundreds of life science companies, providing integrated and scalable consulting teams ranging from staff accountant through CFO. The company’s services span the full breadth of a finance organization’s needs, whether short or long term, including accounting and operational finance support, capital raising, financial planning and analysis, IPO preparation, post-public SEC compliance and clinical business operations management. Founded in 2011, Danforth has been a strategic and trusted thought partner to private and public life science companies across all stages of corporate evolution. The company is headquartered in Waltham, Massachusetts with additional operations in the emerging life science clusters of metropolitan New York and the mid-Atlantic region. Additional information is available at www.danforthadvisors.com.