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Assistant Controller

Assistant Controller

Summit Therapeutics SubMenlo Park, California, USA
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About Summit :

Ivonescimab known as SMT112 is a novel potential first-in-class investigational

bispecific antibody combining the effects of immunotherapy via a blockade of PD-1 with the anti-angiogenesis effects associated with blocking VEGF into a single molecule. Ivonescimab displays unique cooperative binding to each of its intended targets with multifold higher affinity when in the presence of both PD-1 and VEGF.

Summit has begun its clinical development of ivonescimab in non-small cell lung cancer (NSCLC) with three active Phase III trials :

HARMONi is a Phase III clinical trial which intends to evaluate ivonescimab combined with chemotherapy compared to placebo plus chemotherapy in patients with EGFR-mutated locally advanced or metastatic non-squamous NSCLC who have progressed after treatment with a 3rd generation EGFR TKI (e.g. osimertinib).

HARMONi-3 is a Phase III clinical trial which is designed to evaluate ivonescimab combined with chemotherapy compared to pembrolizumab combined with chemotherapy in patients with first-line metastatic NSCLC.

HARMONi-7 is a Phase III clinical trial which is intended to evaluate ivonescimab monotherapy compared to pembrolizumab monotherapy in patients with first-line metastatic NSCLC whose tumors have high PD-L1 expression.

Ivonescimab is an investigational therapy that is not approved by any regulatory authority in Summits license territories including the United States and Europe. Ivonescimab was approved for marketing authorization in China in May 2024. Ivonescimab was granted Fast Track designation by the US Food & Drug Administration (FDA) for the HARMONi clinical trial setting.

Overview of Role :

The Assistant Controller will manage accounting process lead accounting close and financial audits. Other responsibilities will apply as needs of the business change.

Role and Responsibilities :

  • Oversee all aspects of accounting including general ledger cost accounting accounts payable and payroll.
  • Drive the preparation and review of clinical trials and contract manufacturing related accrual and prepayment entries and reconciliations.
  • Perform / review various technical accounting analyses.
  • Maintain internal and operational controls necessary to monitor performance and comply with SOX 404 as required.
  • Ensure completeness and accuracy of month-end close tasks; is accountable for overseeing journal entries balance sheet reconciliations financial flux key judgements internal controls and management reporting.
  • Act as primary liaison with external auditors; prepare and coordinate all appropriate material for quarterly reviews and annual audits.
  • Collaborate with supply chain manufacturing and quality teams to oversee and monitor drug inventory accounting ensuring accurate valuation inventory reconciliation obsolescence and excess stock inventory practices and proper compliance.
  • Partner with FP&A and the business to provide financial insight for budgets and forecasting.
  • Assist with compilation of information for preparation of tax compliance items including but not limited to annual provisions / returns and other tax-related items and review the external tax advisors deliverables.
  • Maintain focus on continuous improvement by challenging status quo to accelerate financial accounting close and increase efficiency of accounting and reporting processes.
  • Support ERP implementation and upgrades as appropriate.
  • Develop and updated accounting policies and documentation.
  • Mentor and support members of the accounting team.
  • Other duties as assigned.

Experience Education and Specialized Knowledge and Skills

  • Bachelors or masters in accounting; CPA preferred.
  • 10 years of progressive experience in public and private accounting.
  • Experience in biotech or life science industry required.
  • Demonstrate intellectual curiosity by interacting with business leaders to understand operational activities and ensure appropriate accounting treatment of business transactions.
  • Thorough knowledge of US GAAP principles.
  • Demonstrated ability to operate in a fast-paced environment.
  • Attention to detail accuracy and confidentiality.
  • Excellent organizational management analytical & decision-making skills.
  • An ability to work well cross functionally and across geographies.
  • Impeccable integrity and a strong work ethic.

    • The pay range for this role is $215000 - $235000 annually. Actual compensation packages are based on several factors that are unique to each candidate including but not limited to skill set depth of experience certifications and specific work location. This may be different in other locations due to differences in the cost of labor. The total compensation package for this position may also include bonus stock benefits and / or other applicable variable compensation.

    Summit does not accept referrals from employment businesses and / or employment agencies in respect of the vacancies posted on this site. All employment businesses / agencies are required to contact Summits Talent Acquisition team at to obtain prior written authorization before referring any candidates to Summit.

    Key Skills

    Accounting Software,Financial Report Writing,GAAP,General Ledger Accounting,Accounting,Sage,Microsoft Dynamics Navision,Account Reconciliation,SOX,Microsoft Dynamics GP,ERP Systems,NetSuite

    Employment Type : Full-Time

    Department / Functional Area : Finance

    Experience : years

    Vacancy : 1

    Yearly Salary Salary : 215000 - 235000

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    Assistant Controller • Menlo Park, California, USA