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Sr Manager, Financial Process Transformation and Controls

Twist Bioscience

Twist Bioscience

Accounting & Finance
South San Francisco, CA, USA
Posted on Saturday, January 13, 2024

At Twist Bioscience, our expertise is accelerating science and innovation by leveraging the power of scale. We are building a culture of success and are looking for motivated professionals to join us! To add to our growth, we are seeking a Senior Manager- Financial Process Transformation and Controls to contribute their expertise to our finance and compliance team. The position will report to our Chief Accounting Officer with a dotted line to the SOX compliance function under Internal Audit. This is a hands-on position that will interface daily with internal departments and our leadership team. Our ideal candidate will have a proven track record in financial process transformation and controls, has worked in a fast-paced environment, is adaptable to change, and can help to create and operate controlled scalable processes.

You will be an integral part in shaping how we build our financial and IT processes and implement controls as we grow. You will actively support the control development for high-risk processes and lead the execution of interim and long-term solutions that satisfy compliance needs, especially with respect to ICFR (Internal Controls over Financial Reporting). You will interface with various business and IT teams to implement transformation and improvement initiatives. You will work closely with Finance / Accounting and Internal Audit on these initiatives. You will deliver training to the Finance/ Accounting and cross-functional members to ensure control performance and the sustainability of the process as we scale.

What You’ll Be Doing:

Financial Process Transformation and Continuous Process/ Control Improvement Initiatives

  • Drive various business transformation projects, including enhancing and adding Order-to-Cash controls to ensure no material weaknesses or significant deficiencies:
    • Impact Analysis (monthly/quarterly)
    • Uncollectible Receivables Lookback (monthly/quarterly)
    • Credit Memo Lookback (if applicable)
    • Discount/Pricing Review (needs to be revised)
    • New Product Launch Controls (i.e., Fast Genes, etc.)
  • Work closely with the Business and Internal Audit to understand new business initiatives and changes in operations
  • Work cross-functionally to support a changing SOX landscape and drive remediation and process improvement
  • Rationalize internal controls while ensuring compliance in specific areas of attention
  • Identify and support improvement opportunities that transform and streamline the end-to-end process, drive control effectiveness that will result in a higher level of performance
  • Deliver training and implement control and process improvement initiatives for internal controls over financial reporting (ICFRs)
  • Manage processes to identify, approve, and track contracted deliverables across the business for financial process and control initiatives
  • Maintain effective communications with cross functional partners to align on expectations and keep the relevant stakeholders informed of issues
  • Assist with ad hoc accounting and control projects

Accounting, Financial System Controls & Compliance

  • Support the development of financial system implementation plans and ensure the appropriate controls and procedures are established
  • Execute new controls and actively participate in continuous refinement for areas requiring attention in order to meet compliance needs
  • Support various control and audit initiatives including shaping the control environment to meet audit requirements
  • Perform routine data analytics involving cross functional teams for areas requiring joint control performance
  • Lead execution of user access reviews and change management reviews for key financial systems
  • Review IT controls for financial systems on a routine basis to ensure consistency performance with respect to access and change management for high risk systems
  • Support SOC-1 reviews for key financial systems and partner with compliance function
  • Support audit requests and interact directly with external audit
  • Reach conclusions with adequate level of rationale and documentation for review and then communicate these conclusions to the key stakeholders

Experience & Qualifications

  • BA/BS or higher degree in Accounting or Finance.
  • Minimum of 10 years of relevant experience in accounting/ auditing/ internal controls and SOX compliance
  • Experience in a commercial stage biotech or life science companies
  • Experience in building new control frameworks from the ground up, working collaboratively with Business, IT and Compliance teams
  • Experience in leading execution of new controls and refinement for accounting process revamp and/or financial system implementations
  • Experience in developing review checklists to enhance SOX compliance audit trail and provide relevant training
  • Experience with data analytics and IT processes
  • Experience with user access and change management review execution
  • Comply with a high level of integrity, objectivity, professional competence and due care
  • Ability to strive in a fast-pace and changing environment and meet deadlines
  • Ability to think quickly and creatively
  • Proficiency in Microsoft Office applications and collaboration tools (Sharepoint, Google Drive)
  • CPA, CIA, or other relevant certification is a plus
The base cash compensation for this California-based role is below. In addition to base salary, this role is eligible for bonus, equity, and a generous benefits package. Final compensation amounts are determined by multiple factors, including candidate skill, experience, expertise, and location and may vary from the amount listed above. Compensation may be different in other locations.
San Francisco Bay Area Pay Range
$165,000$205,000 USD