Director, SOX Compliance
This is an exciting role and opportunity to be a critical part of the Accounting organization supporting a dynamic and high growth organization that is radically changing the biotechnology industry. The Director of SOX Compliance will report to the Chief Accounting Officer and plays a key role in directing and managing the Company's Sarbanes-Oxley (SOX) compliance framework and its Internal Controls over Financial Reporting (ICFR). This role will partner closely with Accounting, Finance/FP&A, Legal, IR, senior leadership across the functions to ensure we are in compliance with our SOX controls and that they are designed and operating effectively. This role will oversee the annual SOX risk assessment and develop the annual SOX 404 and ICFR Compliance Plan, and coordinate that plan and the related audit procedures with our outsourced internal audit team and our external auditors. This role will also oversee the evaluation of our internal controls design as well as the execution of our SOX internal controls program, including the related testing, training of process and control owners on proper documentation and timely updating of the related narratives and risk control matrices, and recommend remediation actions as needed. As part of our continuous improvement initiative, the Director of SOX compliance will play a key role in assisting process owners in identifying gaps in our internal controls as we design and improve our business processes and systems applications.
The successful candidate will have public company experience running a SOX program and implementing controls for a standard set of business processes for a mid-size public biotech company. The successful candidate will have a proven ability to drive and manage change in culture and mindset as required due to an increased level of compliance in its key financial / business processes.
We work collaboratively as a team, we boldly strive for excellence, we are constantly curious and we are relentless in our pursuit of the balance between efficiency, effectiveness, and controls and compliance. We are committed to ongoing process improvements and to providing accurate, timely and insightful financial information and a high level of customer service.
Here's What You'll Do:
- Plan and execute SOX risk assessments to support internal and external SOX and global compliance process and annual audit plans
- Direct, manage and lead annual and quarterly SOX audit initiatives across its operations
- Direct, manage and ensure quality control in the execution of SOX (and statutory) audit procedures by: (i) planning, scoping, testing and ensuring deliverables are within budget and timelines, (ii) identifying and defining gaps/risks/issues, (iii) leading process to update/document narratives, processes and procedures, (iv) reviewing SOX and ICFR audit work papers and substantiate conclusions with respect to control findings, (v) develop recommendations to remediate control deficiencies and improve controls and procedures, and discuss/communicate recommendations with appropriate levels of management, and (vi) ensure professional standards, U.S. GAAP (and IAS/ statutory standards) are adhered to.
- Ensure timely coordination with and serve as primary interface with internal and external auditors on all SOX 404 and ICFR/statutory audits and ensure all SOX information is updated and easily accessible by the internal and external audit teams.
- Partner with IT business partners to ensure all ITGC controls are documented properly and effective as designed, and coordinate and lead all SOX related ITGC audits across the globe as applicable
- Identify and implement a SOX compliance solutions tool to centralize all SOX related documentation, including narratives, controls process and procedures, testing and test results, and remediation; and provide training to business process owners to increase ownership of SOX processes and allow management to independently monitor compliance efforts
- Lead continuous improvement initiative to mitigate/manage risks while reducing overall SOX and ICFR compliance costs; including a program to mitigate SOD (segregation of duties) risks
- Partner with functional business areas to analyze and determine the impact to internal controls as we implement new accounting standards, new systems applications or process improvements
- Proactively train control owners, finance and accounting staff and business partners/stakeholders on SOX (COSO framework, PCAOB guidance), ICFR and other international internal controls compliance requirements
- Manage outsourced consultants to drive the SOX compliance program
Here's What You'll Bring to the Table:
- Minimum requirement: Bachelor's degree in Accounting, Finance or a related discipline
- 10+ years with progressively increasing responsibilities in financial reporting, internal auditing, SOX related experiences
- Experience working for a Big 4 public accounting firm or consulting firms specializing in SOX 404 testing are preferred
- Certified Public Accountant (CPA) and/or Certified Internal Auditor (CIA) preferred
- Strong knowledge of:
- Sarbanes-Oxley (SOX) Section 404, and COSO Internal Controls Framework, risk assessment practices; Internal Controls over Financial Reporting
- SSAE 16/18 review requirements
- U.S. GAAP; international Financial Reporting Standards (IFRS) and compliance
- Experience in financial risks assessment and controls rationalization and the ability to drive key initiatives to support regulatory requirements
- Knowledge of biotechnology industry a plus
- Demonstrated ability to partner with cross-functional teams, developing policy and strategy to identify and implement an effective SOX internal controls program
- Strong analytical skills with proven ability to strategize solutions and solve problems
- Excellent project management skills: proactive, responsive, takes ownership and accountability, drives processes, meets timelines and critical deadlines, and adheres to budgets.
- Strong organizational, interpersonal, verbal and written communication skills
- Demonstrated ability to communicate, build and cultivate strong relationships across all levels of the organization
- Experience presenting to senior management and Audit Committee
- Strong work ethic, self-motivated, willing to “Roll-up his/her sleeves” in order to drive and deliver results and improve processes
- Proven ability to thrive in a fast-paced, multi-functional team environment and having a proactive mindset and collaborative work style
- Strong MS Office skills required, including proficiency in Excel and PowerPoint
- Experience with various tools used to project manage SOX 404 testing, evaluation and dashboards updates on status and progress
- A desire to be part of a high-growth, transformational company that is Bold, Relentless, Curious, and Collaborative.
Here's What We'll Bring to the Table:
- Daily on-site catered lunches
- Company-provided iPhone
- Free parking, monthly subway pass or a subsidized commuter rail pass
- Highly competitive healthcare coverage including: medical offered through BCBS (HMO/PPO), dental, and vision offered through VSP
- Flexible Spending Accounts for medical expenses and dependent care expenses
- 16 weeks of 100% paid parental leave for all new parents
- 16 weeks 100% paid family caregiver leave
- 20 weeks 100% paid medical leave
- Adoption assistance and discounts to local childcare centers, as well as access to care.com
- 401k (traditional and Roth offered) with 50% match on first 6% deferred. Match is vested immediately
- A suite of Moderna paid insurance coverage, including: life insurance, short-term and long-term disability
- Voluntary legal assistance plan
- 15 days' vacation and 7 sick days per year, in addition to a discretionary winter shut down and 11 company paid holidays
Why join Moderna Therapeutics
We are pioneering a new class of medicines made of messenger RNA, or mRNA. The potential implications of using mRNA as a drug are significant and far-reaching. It could transform not only how certain diseases are treated but also how medicines are discovered, developed and manufactured - at a breadth, scale and speed not common in the biopharma industry.
Since our founding in 2011, we have built the industry's leading mRNA technology platform, the infrastructure to accelerate drug discovery and speed early development, a rapidly expanding pipeline, and an unparalleled team. Our development pipeline includes development candidates for mRNA-based vaccines and therapies spanning several therapeutic areas, and we have multiple clinical trials already underway with other development candidates progressing toward the clinic. In addition, we have a number of discovery programs that are advancing toward the development stage.
We invite you to explore our site to learn more about our company and how we are advancing the promise of mRNA science to improve health and impact lives around the world.
Deliver on the promise of mRNA science to create a new generation of transformative medicines for patients.
Moderna is committed to equal employment opportunity and non-discrimination for all employees and qualified applicants without regard to a person's race, color, gender, age, religion, national origin, ancestry, disability, veteran status, genetic information, sexual orientation or any characteristic protected under applicable law. Moderna will make reasonable accommodations for qualified individuals with known disabilities, in accordance with applicable law.