Job Description
Company Overview
Outset Medical is a privately held company backed by a top-tier syndicate of investors, including Fidelity, T. Rowe Price, Perceptive Advisors, The Partner Fund and Warburg Pincus. We are a pioneering medical technology company focused on reducing the cost and complexity of dialysis. The company’s Tablo™ system is the consumer product version of what today is a terribly complex and prohibitively cumbersome machine for patients to use themselves. We combined consumer product simplicity, wireless data transmission and real-time integrated water purification to enable dialysis anytime, in any setting, managed by anyone.
Tablo is the first new dialysis technology approved by FDA in over 15 years. Designed to dramatically improve the care experience for patients and the cost-efficiency for providers and payers, Tablo is aimed at enabling service model innovation in a space that has not fundamentally changed since the 1980s. The company is in the early stages of full commercial launch in US dialysis clinics and hospitals. With a clinical trial underway to expand FDA clearance to include the use of the device at home.
Position Overview
The Accounting Manager will be a forward-thinking leader with proven abilities and achievements in a relevant accounting or finance role. The Accounting Manager will have primary oversight responsibilities for the financial statement close process and will manage general accounting and accounts payable. This individual will possess strong organizational, communication and management skills. The candidate will be self-motivated with the ability to provide solutions for issues identified. The successful candidate is a competent individual with integrity, accountability, strong interpersonal skills, and a team player. The position requires a “hands on” person who is flexible, hard-working and able to work well under pressure.
Responsibilities/Functions:
- Oversee and manage general accounting and accounting operations (GL, Cash, Fixed Assets, Accounts Payable and Accruals).
- Managing the accounting close on a monthly basis, including but not limited to, preparing and reviewing journal entries and reconciliations.
- Responsible for the preparation of weekly cash forecasting, monthly financial statements, balance sheet reconciliations, managing and preparing financial information for audits; and participating in meetings with other functional groups and external auditors.
- Prepare financial reports and analyses and provide timely and insightful updates on the financial condition of the company. Monitor and analyze operating results and investigate variances.
- Research and resolve all significant accounting matters that may arise, including new accounting pronouncement adoption projects. Prepare technical memos and be the internal expert to advise management on accounting impacts for the business.
- Manage the account reconciliation process by providing training and guidance to team members; reviewing account reconciliations to ensure accuracy, resolving issues or questions about unusual account balances; driving process improvements for the account reconciliation process; and communicating reconciliation results to the Corporate Controller and/or CFO.
- Provide supervision and development opportunities for the team by hiring and training; mentoring; assigning duties; and providing recognition.
- Prepare financial information in accordance with GAAP and regulatory requirements by assisting in the research of regulatory changes; and ensuring the company financial statements are compliant with GAAP.
- Act as a partner with company operations personnel to review and analyze financial results.
- Demonstrate an interest in and awareness of the Company’s business operations.
- Ensures compliance with company policies and procedures and supports company mission, values, and standards of ethics and integrity by implementing related action plans.
- Drive automation of manual processes to enhance the efficiency and effectiveness of existing processes.
- Process Owner for certain accounting related business processes including ownership of design and efficient enhancement of processes to be in compliant with SOX.
- Ensure timely filing of federal, state, and local returns; such as 1099’s, income taxes, sales & use taxes, and property taxes. Ensure tax payments are made on a timely basis.
- Policy and procedures development and documentation.
- Engage with external auditors as needed.
- Ad hoc projects as needed.
Requirements/Qualifications
- Bachelor's degree in accounting or finance
- 10-15 years of experience in Finance and Accounting
- Big 4 and industry blended experience and CPA is preferred
- Possesses strong analytical and problem-solving skills
- Highly effective verbal and written communication skills
- Attention to detail is critical to this role
- Strong knowledge of US Generally Accepted Accounting Principles
- Has the ability to interact with all levels of management
- Experience analyzing large amounts of financial data
- Must have demonstrated presentation skills and able to easily present financial data in a clear and concise
manner - Strong MS Word, Excel and PowerPoint skills
- Excellent organizational skills
- Working knowledge of Sarbanes-Oxley requirements a plus
- Hi-tech industry experience preferred.
- Familiar with QAD ERP, Host Analytics is a plus