Formation
Overview
Formation Bio is a tech and AI driven pharma company differentiated by radically more efficient drug development.
Advancements in AI and drug discovery are creating more candidate drugs than the industry can progress because of the high cost and time of clinical trials. Formation Bio, founded in 2016 as TrialSpark Inc., has built technology platforms, processes, and capabilities to accelerate all aspects of drug development and clinical trials. Formation Bio partners, acquires, or in-licenses drugs from pharma companies, research organizations, and biotechs to develop programs past clinical proof of concept and beyond, ultimately helping to bring new medicines to patients. The company is backed by investors across pharma and tech, including a16z, Sequoia, Sanofi, Thrive Capital, Sam Altman, John Doerr, Spark Capital, SV Angel Growth, and others.
You can read more at the following links:
At Formation Bio, our values are the driving force behind our mission to revolutionize the pharma industry. Every team and individual at the company shares these same values, and every team and individual plays a key part in our mission to bring new treatments to patients faster and more efficiently.
About the role We are looking for a detail-oriented and proactive Staff Accountant to join our growing team. You’ll be an integral member of a lean but high-performing Accounting team, responsible for supporting the month-end close and ensuring operational excellence in core accounting areas. This role is ideal for someone with early-career experience in public or in-house biotech accounting who is eager to roll up their sleeves, work collaboratively, and grow with a fast-moving company.
Responsibilities
Manage the accounts payable process end-to-end within Zip, including ensuring coding accuracy, proper PO matching, and compliance with internal controls
Administer Navan for travel and expense reporting, including employee reimbursements, system configurations, user onboarding/training, and coordination with internal stakeholders
Perform monthly bank reconciliations and support other balance sheet reconciliations
Prepare and book accruals and help maintain data integrity across our P&L
Track and maintain fixed assets and deferred rent schedules
Collaborate closely with the Senior Accountant to support month-end close activities
Help ensure accuracy and completeness of financial data in NetSuite and FloQast
Support ad hoc projects and automation initiatives that enhance reporting or streamline operations
Maintain and improve financial data hygiene and coding consistency
About You
1-3 years of accounting experience (public or in-house); biotech experience a plus
Bachelor’s degree in Accounting, Finance, or related field
Comfortable working in a startup environment where systems, processes, and roles evolve
Familiar with or curious about AI tools in accounting (e.g., automated reconciliations, ChatGPT, etc.)
Proficient in Microsoft Excel and experienced with ERP systems like NetSuite
Highly organized, detail-oriented, and eager to take ownership
Strong understanding of GAAP fundamentals and how the financial statements interact
Team player with a strong sense of accountability and a bias for action
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: $80,000 - $95,000.
Salary ranges are informed by a number of factors including geographic location. The range provided includes base salary only. 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.
We are an equal opportunity employer. We do not discriminate on the basis of race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.
Voluntary Self-Identification From time to time, we may invite candidates to complete voluntary self-identification information for government reporting purposes. Providing this information is voluntary.
Legal notices PUBLIC BURDEN STATEMENT: No persons are required to respond to a collection of information unless such collection displays a valid OMB control number. This project should take about 5 minutes to complete.
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Advancements in AI and drug discovery are creating more candidate drugs than the industry can progress because of the high cost and time of clinical trials. Formation Bio, founded in 2016 as TrialSpark Inc., has built technology platforms, processes, and capabilities to accelerate all aspects of drug development and clinical trials. Formation Bio partners, acquires, or in-licenses drugs from pharma companies, research organizations, and biotechs to develop programs past clinical proof of concept and beyond, ultimately helping to bring new medicines to patients. The company is backed by investors across pharma and tech, including a16z, Sequoia, Sanofi, Thrive Capital, Sam Altman, John Doerr, Spark Capital, SV Angel Growth, and others.
You can read more at the following links:
At Formation Bio, our values are the driving force behind our mission to revolutionize the pharma industry. Every team and individual at the company shares these same values, and every team and individual plays a key part in our mission to bring new treatments to patients faster and more efficiently.
About the role We are looking for a detail-oriented and proactive Staff Accountant to join our growing team. You’ll be an integral member of a lean but high-performing Accounting team, responsible for supporting the month-end close and ensuring operational excellence in core accounting areas. This role is ideal for someone with early-career experience in public or in-house biotech accounting who is eager to roll up their sleeves, work collaboratively, and grow with a fast-moving company.
Responsibilities
Manage the accounts payable process end-to-end within Zip, including ensuring coding accuracy, proper PO matching, and compliance with internal controls
Administer Navan for travel and expense reporting, including employee reimbursements, system configurations, user onboarding/training, and coordination with internal stakeholders
Perform monthly bank reconciliations and support other balance sheet reconciliations
Prepare and book accruals and help maintain data integrity across our P&L
Track and maintain fixed assets and deferred rent schedules
Collaborate closely with the Senior Accountant to support month-end close activities
Help ensure accuracy and completeness of financial data in NetSuite and FloQast
Support ad hoc projects and automation initiatives that enhance reporting or streamline operations
Maintain and improve financial data hygiene and coding consistency
About You
1-3 years of accounting experience (public or in-house); biotech experience a plus
Bachelor’s degree in Accounting, Finance, or related field
Comfortable working in a startup environment where systems, processes, and roles evolve
Familiar with or curious about AI tools in accounting (e.g., automated reconciliations, ChatGPT, etc.)
Proficient in Microsoft Excel and experienced with ERP systems like NetSuite
Highly organized, detail-oriented, and eager to take ownership
Strong understanding of GAAP fundamentals and how the financial statements interact
Team player with a strong sense of accountability and a bias for action
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: $80,000 - $95,000.
Salary ranges are informed by a number of factors including geographic location. The range provided includes base salary only. 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.
We are an equal opportunity employer. We do not discriminate on the basis of race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.
Voluntary Self-Identification From time to time, we may invite candidates to complete voluntary self-identification information for government reporting purposes. Providing this information is voluntary.
Legal notices PUBLIC BURDEN STATEMENT: No persons are required to respond to a collection of information unless such collection displays a valid OMB control number. This project should take about 5 minutes to complete.
#J-18808-Ljbffr