BioSpace
Senior Accountant (Payroll & Accounting)
Formation Bio is a tech and AI driven pharma company differentiating by radically more efficient drug development.
About the Role
Formation Bio is seeking a detail-oriented and proactive Senior Accountant to join our Finance team. This role blends core accounting responsibilities with payroll and equity management in a lean, fast-paced environment, providing exposure across multiple high-impact areas of Finance.
Responsibilities
Payroll Ownership: Own and manage semi-monthly U.S. payroll processing via ADP Workforce Now; partner with the People team and ADP to ensure accurate setup, onboarding/offboarding, tax compliance, and jurisdiction registrations and filings; perform reconciliations, compliance checks, and year-end reporting (e.g., W-2s, 941s); independently resolve complex payroll issues and document processes for scalability.
Equity Administration: Administer the company’s equity program in Carta, including grants, exercises, and terminations; maintain an accurate cap table and support stock-based compensation accounting; partner with Legal and external advisors to ensure compliance with equity plans and related reporting.
Accounting & Audit Preparation: Prepare audit-ready schedules, reconciliations, and supporting documentation; contribute to the accounting close process, ensuring accuracy and timeliness; collaborate cross-functionally to support accurate financial reporting and strengthen internal controls.
Treasury & Cash Reporting: Maintain cash reporting and forecasting to provide leadership with visibility into liquidity; support treasury activities, including monitoring balances and bank reconciliations; identify and implement process and system improvements to enhance efficiency, accuracy, and scalability across Finance.
About You
4–6+ years of progressive accounting experience, preferably in a mix of public accounting and in-house roles.
3+ years of U.S. payroll management experience, ideally in multi-state environments.
Proficiency with ADP Workforce Now (required).
Deep understanding of payroll taxes, benefit deductions, and fringe items.
Ability to independently resolve complex payroll issues and propose scalable solutions.
Experience with equity administration (Carta strongly preferred).
Strong technical accounting knowledge (GAAP) and experience with month-end close.
Proficiency with other finance systems such as ERP/workflow tools (e.g., NetSuite, FloQast, Zip, Navan).
Strong Excel/Google Sheets skills; comfort with reconciliations and complex data analysis.
Experience working in a startup or fast-paced environment.
Highly organized, detail-oriented, and self-directed, with excellent communication skills.
This role is based in our New York City office. Please only apply if you reside in a commutable distance or are willing to relocate.
Compensation The target salary range for this role is: $100,000 - $125,000. Salary ranges are informed by a number of factors including geographic location. In addition to base salary, we offer equity, comprehensive benefits, generous perks, hybrid flexibility, and more. If this range doesn’t match your expectations, please still apply because we may have something else for you.
You will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.
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About the Role
Formation Bio is seeking a detail-oriented and proactive Senior Accountant to join our Finance team. This role blends core accounting responsibilities with payroll and equity management in a lean, fast-paced environment, providing exposure across multiple high-impact areas of Finance.
Responsibilities
Payroll Ownership: Own and manage semi-monthly U.S. payroll processing via ADP Workforce Now; partner with the People team and ADP to ensure accurate setup, onboarding/offboarding, tax compliance, and jurisdiction registrations and filings; perform reconciliations, compliance checks, and year-end reporting (e.g., W-2s, 941s); independently resolve complex payroll issues and document processes for scalability.
Equity Administration: Administer the company’s equity program in Carta, including grants, exercises, and terminations; maintain an accurate cap table and support stock-based compensation accounting; partner with Legal and external advisors to ensure compliance with equity plans and related reporting.
Accounting & Audit Preparation: Prepare audit-ready schedules, reconciliations, and supporting documentation; contribute to the accounting close process, ensuring accuracy and timeliness; collaborate cross-functionally to support accurate financial reporting and strengthen internal controls.
Treasury & Cash Reporting: Maintain cash reporting and forecasting to provide leadership with visibility into liquidity; support treasury activities, including monitoring balances and bank reconciliations; identify and implement process and system improvements to enhance efficiency, accuracy, and scalability across Finance.
About You
4–6+ years of progressive accounting experience, preferably in a mix of public accounting and in-house roles.
3+ years of U.S. payroll management experience, ideally in multi-state environments.
Proficiency with ADP Workforce Now (required).
Deep understanding of payroll taxes, benefit deductions, and fringe items.
Ability to independently resolve complex payroll issues and propose scalable solutions.
Experience with equity administration (Carta strongly preferred).
Strong technical accounting knowledge (GAAP) and experience with month-end close.
Proficiency with other finance systems such as ERP/workflow tools (e.g., NetSuite, FloQast, Zip, Navan).
Strong Excel/Google Sheets skills; comfort with reconciliations and complex data analysis.
Experience working in a startup or fast-paced environment.
Highly organized, detail-oriented, and self-directed, with excellent communication skills.
This role is based in our New York City office. Please only apply if you reside in a commutable distance or are willing to relocate.
Compensation The target salary range for this role is: $100,000 - $125,000. Salary ranges are informed by a number of factors including geographic location. In addition to base salary, we offer equity, comprehensive benefits, generous perks, hybrid flexibility, and more. If this range doesn’t match your expectations, please still apply because we may have something else for you.
You will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.
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