Director Of Accounting

ABOUT FULGENT:

Fulgent is a leader in genetic and genomic clinical testing, a publicly traded company located in Los Angeles, California. We are a technology-driven company with extensive academic/clinical experience and capabilities in Next Generation Sequencing and bioinformatics. This distinction has advanced us to the forefront of the rapidly advancing genetic and genomic testing industry.

Fulgent's unique chemistries and superior proprietary bioinformatics pipeline have propelled our explosive growth in recent years. We offer the most expansive set of clinical genetic tests in the world, including 22,000+ single gene tests, 900+ preset panels, rearrangement testing, clinical exome/trios, whole exome/trios, whole genome, and our All-in-One reflex test. We are a CLIA and CAP-accredited laboratory. Fulgent has state-of-the-art clinical, sequencing, and bioinformatics tools, including the latest Illumina sequencers such as the NovaSeq.

SUMMARY OF POSITION:

Fulgent’s Accounting Director aids the Controller in the leadership of the Accounting Department. The Accounting Director plays a significant role in the Company’s leadership team with decision support, financial reporting, month-end close process, SOX internal controls, audit support, and revenue ASC 606 accounting. As Accounting Director, this role also supports the Controller in the execution of the missions and leadership for the accounting and finance functions, including setting and stewarding the team culture and creating career growth and development opportunities for key staff and management.

KEY JOB ELEMENTS:

• Financial Reporting: Assist in the preparation and analysis of financial statements, including income statements, balance sheets, P&L reporting, and cash flow statements. Ensure compliance with generally accepted accounting principles (GAAP) and internal accounting policies.
• Financial Accounting Close Process: Support the month-end, quarter-end, and year-end close processes by reviewing journal entries and reconciliations, and ensuring timely and accurate financial reporting.
• Audit Support: Collaborate with internal and external auditors to provide necessary documentation and respond to inquiries during audits.
• Budgets and Forecasting: Assist in the preparation and maintenance of annual budgets and forecasts. Monitor budget performance and provide analysis to identify variances and opportunities for improvement.
• Account Reconciliation: Reconcile and review various balance sheet accounts, including investments held-to-maturity, supplies (inventory), accounts receivable and allowances, and revenue cut-off
• Compliance: Ensure compliance with local, state, and federal regulatory requirements and tax filings. Stay up-to-date with changes in accounting and financial regulations.
• Process Improvement: Identify and implement process improvements related to the financial accounting close process to enhance the efficiency and accuracy of financial reporting.
• Supervision: Oversee a team of Accounting and finance professionals, providing guidance, support, and mentoring.
• Financial Analysis: Perform financial analysis to support decision-making, assess the financial health of the organization, and provide recommendations for cost reduction and revenue enhancement
• Sarbanes Oxley (SOX): Assist in establishing/maintaining strong accounting controls and practices over financial reporting to ensure compliance with SOX.
• Revenue recognition standard (ASC 606): Ensure proper revenue recognition related to variable consideration contracts and cost of sales including inventory count is applied in compliance with accounting standard guide.
• Provide support to various departments in providing financial and other data needed on an as needed basis.
• Active member of the company’s management team, participating in management team meetings and other leadership activities.

QUALIFICATIONS:

KNOWLEDGE / EXPERIENCE:

• Bachelor's degree, preferably in accounting, finance, economics, or statistics.
• 7+ years of Accounting experience with at least 3 years of progressive management experience.
• Accounting experience for public companies and big-four or mid-size accounting firms required.
• Sound knowledge of financial activities, policies, and processes, including consolidations, Sarbanes-Oxley, and US GAAP compliance.
• Demonstrated deep knowledge of Generally Accepted Accounting Principles (GAAP), specifically, ASC 606, and ASC 805
• Experience coordinating and managing internal/external audit processes.
• Demonstrated track record of maintaining an effective system of internal controls in a public company.
• Experience in environments of significant change and growth; leading the migration and integration of different reporting tools. Prior experience driving finance/accounting teams through digital transformation is preferred.
• Certified Public Accountants (CPAs) are preferred.
• Life science, healthcare, and laboratory services experience is preferred.
• Strong Excel skills, NetSuite, and Blackline.
• Ability to analyze situations accurately through a systemic approach to resolve complex accounting problems.
• Ability to use tact and diplomacy to establish and maintain cooperative relationships when dealing with the needs, problems, and/or concerns of employees, the public, and/or outside agencies.
• Attention to detail and pursue for accuracy.
• Strong leadership skills.
• Excellent written, oral, and interpersonal communication skills.

SUPERVISOR RESPONSIBILITIES:

• Yes

REPORTS TO:

• Corporate Controller

ENVIRONMENT:

Fulgent Therapeutics LLC is an Equal Employment Opportunity Employer.

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions. The term “qualified individual with a disability” means an individual with a disability who, with or without reasonable accommodation, can perform the essential functions of the position.

For California residents, please see the link below to access our CCPA Privacy Notice.

CCPA Privacy Notice for California Residents

https://tinyurl.com/FulgentCCPA