Director, SEC Reporting and Technical Accounting

Menlo Park, CA, United States
May 27, 2021
Biotech Bay
Required Education
Bachelors Degree
Position Type
Full time
PacBio has an exciting opportunity for a Director of Technical Accounting and SEC reporting. At Pacific Biosciences (NASDAQ: PACB), we are passionate about developing high-quality, innovative technologies and systems that impact areas of critical importance, including human biomedical research, plant and animal sciences, and microbiology and infectious disease studies. In particular, our technology is being used for pandemic surveillance with scientists assessing potential COVID-19 mutations based on sequencing data generated from our sequencing platforms. Our unique long-read gene sequencing technology generates complete and highly accurate data, giving scientist more insights. We believe our tools will lead to advances that will create long-lasting benefits for the world and its future.

The Role & The Team

Reporting to the Chief Accounting Officer, we are seeking an exceptional accounting leader to join our growing organization. This individual will be a key hire in laying the groundwork for a best-in-class global Accounting team, leaving his/her mark on our culture and behaviors for years to come.

Key Responsibilities

Key responsibilities of this role center on the ability of the candidate to build our SEC reporting, technical accounting and our revenue operations team. The ideal candidate is able to leverage their technical expertise to develop efficient and scalable infrastructure and processes, and also someone who will be a strong strategic thought partner to our business teams as we seek to support PacBio's rapid growth. This is a high-impact role that will offer substantial senior leadership exposure and the opportunity to drive long-term for our customers and shareholders.

The candidate must have a demonstrated record of accomplishments and experience with building a team, developing a cohesive culture, and supporting internal customers. Candidates must have a strong entrepreneurial orientation and an industrious attitude for accomplishing what needs to get done. Areas of specific responsibility and attention for this role include:

  • Preparation and review of the Company's Securities Exchange Act filings including Forms 10-K and 10-Q, Proxy Statement, other Securities Act filings and press releases (external financial filings), as well as review of XBRL compliance
  • Review all disclosures, checklists, and underlying schedules for accuracy
  • Support investor relations in assisting with the preparation of earnings and related matters, ensure consistency in external reports and timeliness
  • Develop and manage the quarterly reporting calendar, reporting progress to senior leadership and ensuring timely completion
  • Maintain compliance with Sarbanes-Oxley requirements in areas of responsibility; evaluate and ensure optimal design of internal controls over financial reporting
  • Manage the Disclosure Committee review process
  • Partner with Strategic Finance, business development, management, external auditors/advisors to understand business transactions and perform accounting research related to technical accounting areas and/or proposed transactions (business combinations, investments, leases). Document accounting position and conclusions in white papers and work with external auditors to ensure position taken and conclusions reached are appropriate and supportable
  • Collaborate with accounting to ensure appropriate implementation of and compliance with U.S. GAAP, company policies, procedures and conventions
  • Build out and lead the revenue recognition function, providing guidance to the commercial team and FP&A on the accounting treatment of revenue contracts and partnership arrangements and ensuring reporting compliance in accordance with ASC 606
  • Actively monitor and research FASB, SEC, PCAOB and other regulatory agency rulemaking and evaluate timing and impact of new rules and standards
  • Lead the adoption of new accounting standards, including building detailed implementation plans, engaging stakeholders, defining system change requirements, revising policies and procedures, satisfying auditor requirements and change management with impacted personnel and departments
  • Prepare presentations to the Audit Committee, Board of Directors and Senior Management
  • Drive process improvements across the financial reporting and technical accounting areas, identifying ways to automate reporting and accounting functions, reducing the time required to prepare materials and file SEC documents

All listed tasks and responsibilities are deemed as essential functions to this position; however, business conditions may require reasonable accommodations for additional tasks and responsibilities.

Background and Qualifications
  • Bachelor's or higher degree in Accounting
  • Active CPA license
  • Big 4 Public Accounting experience required
  • Minimum of 10 years of accounting and finance experience, including SEC, technical accounting and revenue recognition experience; minimum of 3 years in management capacity
  • Exceptional ability to interpret, apply and document U.S. GAAP to complex business transactions
  • Strategic thinking and leadership experience with an emphasis on relationship management and interacting with all levels within an organization as well as with external auditors
  • Strong interpersonal skills and ability to communicate clearly and concisely both verbally and in writing; previous or current SEC disclosure-writing experience required.
  • Strong organizational skills and detail-oriented self-starter; ability to work independently and collaborate to meet deadlines; effectively work with team to expedite completion of critical projects.
  • Proven leadership skills with the ability to develop and mentor staff
  • Proven track record in driving projects and process improvement initiatives
  • Proficient with Microsoft Office Suite, including Word, Excel and Power Point

All qualified applicants will receive consideration for employment without regard to race, sex, color, religion, national origin, protected veteran status, or on the basis of disability, gender identity, and sexual orientation.