Manager, Technical Accounting & Internal Controls

Seracare Life Sciences Inc Milford , MA

Posted 1 month ago

Manager, Technical Accounting & Internal Controls

LGC Clinical Diagnostics team develops and manufactures a comprehensive portfolio of catalog and custom-developed diagnostic quality solutions and component materials for the extended life sciences industry. We partner with IVD assay developers, and pharmaceutical, CRO and academic institutions in commercialization activities across the entire diagnostic pipeline - from concept and early stage research, through expedited product development and onwards into routine clinical use. Laboratorians and diagnostic professionals across disciplines of clinical chemistry, immunochemistry, serology, molecular diagnostics and clinical genomics rely on LGC's products to support accurate and reliable diagnostic results.

Our operating entities include Maine Standards Company, SeraCare Life Sciences, and Technopath Clinical Diagnostics, which are in vitro diagnostics (IVD) manufacturers of quality measurement tools (calibrators, controls, linearity, EQA/PT, biological materials) and the Native Antigen Company, which is a manufacturer and supplier of viral antigens. Our 400+ employees operate FDA-registered and ISO 13485-accredited facilities in Maine (USA), Massachusetts (USA), Maryland (USA), Tipperary (Ireland), and an ISO 9001-accredited facility in Oxford, UK.

Each day, our world-class staff, scientific expertise, operational efficiency and superior quality systems are ready to support the range of advanced technologies that collectively improve patient outcomes - from the widely adopted and established through to cutting-edge NGS and precision diagnostics.

Job Purpose

The Technical Accounting Manager will join the Finance team to supplement our collective efforts to continue to create a best-in-class Finance team of business partners that support LGC's growth. The role will support merger and acquisition-related work in the due diligence, purchase accounting and post-acquisition integration phases, including audits. This position will also be the subject matter expert the Finance team will look to for accounting guidance and interpretation relative to treatment and reporting business transactions across CDBU entities. In addition to special projects, to help development in areas of operational experience, this position will help assess ongoing internal control gaps and facilitate remediation efforts across departments and entities in the business unit.

Key Responsibilities

  • Recommend accounting treatment for certain business transactions after research and review of accounting guidance and assessing accounting implications to the business on US GAAP and IFRS basis using external resources and tools as needed

  • Prepare written accounting and financial reporting memos for business leadership to support proposed accounting treatment

  • Review proposed accounting treatment with auditors and corporate office to ensure compliance with US GAAP and IFRS requirements, as needed

  • Participate in the due diligence reviews for potential acquisitions with cross-functional teams

  • Prepare necessary financial schedules for purchase accounting and preparing completion accounts related to acquisitions

  • Coordinate timing, deliverables and reporting needs with Corporate office

  • Help the local controlling teams with integration and accounting efforts after acquisitions

  • Facilitate review of acquisitions and supporting documentation during audits

  • Assist the BU Controller's team in implementation of internal controls by coordinating with functional department heads and monitor such that controls can be sustained using company-provided tools

  • Facilitate an independent balance sheet review of all entities annually with the CDBU Controller to identify any financial risk and ensure compliance in reporting and accounting treatment

  • Ongoing development of financial reporting analysis and key metrics to ensure key drivers of business performance are monitored and understood to support decision making

  • Guide financial decisions by establishing, monitoring, and enforcing financial policies and procedures

  • Lead/participate in continuous improvement projects to get acclimated with business operations and deepen understanding of the business

  • Other duties/projects, as assigned - for instance post-merger activity review and accounting of affiliate in 3Q 2021, lease accounting reporting and treatment for IFRS 16 amongst CDBU entities, revenue recognition review, as examples.

System knowledge and experience

  • SAP would be preferred

  • MS office products with strong Excel skills

  • Knowledge of Tableau or other BI tools would be a plus, but not required

Knowledge, Experience and Technical Skills

  • Working knowledge of US GAAP, IFRS knowledge would be an additional plus

  • Research and review of technical guidance and ability to articulate clear action and conclusions

  • Action-oriented team player with a keen focus to executing strategic and tactical plans on time in a fast-paced environment.

  • Demonstrates persuasive presentation skills and effective communications

  • Must have high quality written and oral communication skills

  • Project planning skills and proven ability to meet timelines

  • Flexible-able to work effectively in a variety of environments and situations

  • Effectively and proactively communicates essential information with all levels, business partners and stakeholders

Education and/or Experience

  • Bachelor's Degree in Accounting or related field

  • CPA required

  • A combination of public accounting and industry experience would be ideal; working experience in mergers and acquisition-related work, writing technical accounting guidance memos and/or implementing internal controls is a plus

  • Working with cross-functional teams on projects as an individual contributor but also adept at managing others to achieve common objectives/project goals.

Physical Demands

The physical demands are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Requires prolonged sitting and working at a computer monitor. Repetitive motion using a keyboard for long periods of time. May occasionally be required to lift and move material weighing up to 10 lbs.

Work Environment

The work environment characteristics are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Agreeable work environment typical of an open office setting with some exposure to noise from office machines.

  • Occasional travel up to 15% may be required

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Manager, Technical Accounting & Internal Controls

Seracare Life Sciences Inc