Usona Institute, Inc. (Usona) is a medical research organization focused on addressing some of society’s most challenging mental health conditions. Founded in 2014, Usona employs approximately 35 scientists, clinicians, therapists, trainers and administrators who are Mission driven. A state-of-the-art facility will open in the Fall of 2023, where the Usona team will conduct research and provide treatment and wellness services. Presently, Usona has a balance sheet with approximately $75 million of assets and annual operating expenses of $40 million. Two clinical trials are underway to evaluate the safety and efficacy of psilocybin and 5-MeO-DMT under the strict guidance of the US Food and Drug Administration and other regulatory bodies. The Financial Controller will be a key member of the Usona team leading our finance and accounting function and participating in many cross-functional business initiatives and contributing to the Mission.
JOB OBJECTIVE: Oversee all financial reporting and accounting activities. Develop and implement accounting and financial policies and procedures to ensure long-term financial health and streamlined processes. Establish and maintain a strong internal control environment. Provide supervision and leadership for accounting and contracts management personnel. Serve as a member of the Usona Management Team.
1. Oversee day-to-day accounting, including accounts receivable/payable, fixed assets, payroll, grants, inventory and cash management.
2. Prepare monthly financial statements and management reports, such as income statements, balance sheets and cash flow statements.
3. Develop and maintain accounting and financial policies and procedures which include strong internal controls.
4. Prepare monthly rolling cash forecasts for the next 2-3 years by quarter.
5. Analyze accounting and financial data to identify potential areas of cost savings or improvement.
6. Manage relationships and activities with banks and external auditors.
7. Review insurance coverage on an annual basis with the insurance broker and ensure coverage reflects the changing risks of the operations.
8. Provide accounting and financial advice and support to the Executive Director and other departments.
9. Provide leadership, coaching, guidance and support to the Accountant and Contracts Manager.
10. Set professional development plans to assist employees in reaching their full potential through the development and performance management processes.
11. Demonstrate inclusion through their own words and actions and is accountable for a safe workspace. Act with kindness, curiosity and respect for others.
12. Embrace and be open to incorporating Promega’s 6 Emotional & Social Intelligence (ESI) core principles in daily work.
13. Understand and comply with ethical, legal and regulatory requirements applicable to our operations.
1. Bachelor’s degree in Accounting or Finance.
2. At least 7 years’ of corporate or nonprofit accounting experience.
3. Minimum of 3 years experience in performing financial analysis and demonstrated proficiency in spreadsheet applications.
4. Experience in accounting for inventory
5. Excellent knowledge of accounting principles, regulations and financial reporting standards.
6. Experience with forecasting and financial analysis.
7. Proven leadership abilities to coach, mentor and develop team members.
8. Ability to adapt to changing priorities.
9. Proficiency in using accounting software.
10. Strong analytical and problem-solving skills.
11. High level of accuracy and attention to detail.
12. Excellent communication skills.
1. Advanced degree in Accounting or Finance
2. Nonprofit accounting experience
2. Certified Public Accountant (CPA) or equivalent certification.
3. Previous experience in a drug development company.
4. Proficient in Quickbooks, Bill.com.
1. Ability to use a computer/Microsoft Office applications
2. Ability to remain stationary for several hours at a time.