Sr. Accountant

Benefits:

• 401(k)
• Bonus based on performance
• Competitive salary
• Dental insurance
• Health insurance
• Paid time off
• Stock options plan

No visa sponsorship is available.  Candidates from Minnesota only (no relocation available).  Able to work remotely with some travel to the local Bloomington office. For those history buffsi-Lumen Scientific™ is an Ophthalmology Bioelectric Stimulation company, whose focused on developing a medical device therapy for patients with vision loss due to intermediate to advanced dry age-related macular degeneration (dAMD). We know, that’s a mouth full!   Who doesn’t want to keep their eyesight?  Close your eyes for a moment or look through a pair of glasses with a dark smudge in the middle.  A smudge so dark you can’t see through it.  Now imagine a day when circumstances change and that’s you.  Following that your doctor told you, “that’s just the way it is, and it will only get worse!”  Macular degeneration is the leading cause of vision loss for older adults, has no cure, and there are limited treatments options. Our goal is to change that. Our Missioni-Lumen™ is working to change the status-quo by pioneering a new medical device field in ophthalmology intended to improve vision for AMD patients. This new therapy has the potential to address a large unmet patient population in the practice of ophthalmology.   The i-LUMEN™ system and therapy, developed by i-Lumen Scientific, utilizes a revolutionary, non-invasive, medical device, to deliver proprietary pulsed microcurrent stimulation for the treatment of intermediate to advanced dry AMD.  You guessed it, with i-Lumen™ technology, there may finally be hope for those with vision loss due to dry AMD. Are you interested in joining us on this journey?  If so, we’d like to tell you a bit more about ourselves. Our PeepsOur team includes problem-solvers, car enthusiasts, runners, animal lovers, concert goers, and world travelers who are dedicated to improving vision for those impacted by AMD.  The cool thing is, some of us have worked together in the past and we actually like each other.  We are passionate about finding great people to join our team.  If you are eager to invest your time, talent, and energy in our goal of making the world better one eye at a time, we encourage you to read on! It’s not just a jobIf you been in start-ups you know hat-wearing and communication are keys to success.  As we hire, expand and execute a global clinic trial, we need a cohesive team of high performers, who take accountability, know what good looks like and can bring their “A” game each and every day.  We don’t do group think, but rather welcome ideas and opinions to ensure the best path forward.  Have an idea?  Bring it!  Have a better more efficient way to get from A to Z?  Suggest it!  Do you ensure safety and quality of work are uncompromising? Then i-Lumen may be the place for you! Building for a better tomorrow.i-Lumen is seeking an experienced Sr. Accountant (Sr. Acct).  As a member of the finance team, you will play a critical role in managing the company’s financial close process, clinical trial accounting, and operational reconciliations. The Sr. Acct will partner with the CFO and cross-functional teams to ensure accurate financial reporting, strong financial controls, and visibility into company spending as the organization advances its clinical programs.   While serving as the operational backbone of the finance function, the Sr. Acct manages financial controls, reconciliations, accrual accounting, and reporting across multiple systems.  By supporting i-Lumen, which operates across the US and Australia, the Sr. Acct will ensure operational data from CTMS, Expensify, payroll providers, and other systems is accurately reflected in accounting records and forecasts. ResponsibilitiesFinancial Close·         Manage the monthly close process for the U.S. entity.·         Coordinate with the external Australian accounting firm to support the close of the AU entity.·         Maintain balance sheet reconciliations and ensure accuracy and completeness of supporting schedules.·         Prepare accruals and adjusting journal entries in accordance with GAAP.·         Support the consolidation of U.S. and AU financial results.·         Assist the CFO in preparing monthly financial reporting packages and analysis. Clinical Finance Controls·         Reconcile clinical database activity to CTMS billing records.·         Reconcile CTMS billing activity to accounting records.·         Validate clinical site fee schedules and billing logic.·         Investigate and resolve discrepancies across operational and financial systems. Clinical Accrual Accounting·         Calculate and record accruals for site procedures performed but not yet billed.·         Accrue patient out-of-pocket reimbursements associated with clinical activity.·         Calculate recruiter commission accruals based on screening and enrollment reports.·         Maintain accrual roll-forward schedules and supporting documentation. Expense Management·         Administer the company expense management platform configuration and controls.·         Review employee expense reports for accuracy and policy compliance.·         Approve and release employee out-of-pocket reimbursements.·         Reconcile corporate credit card activity and expense reports to statements.·         Export and record expense transactions in the accounting system. Patent & Legal Spend Governance·         Maintain the company’s patent portfolio register.·         Track legal spend by matter and monitor budgets.·         Manage the patent renewal calendar and related deadlines.·         Forecast patent and legal spend to support financial planning. Payroll Oversight·         Review payroll registers prepared by the payroll provider for accuracy.·         Validate payroll costs, taxes, and benefit deductions.·         Prepare and post payroll journal entries.·         Reconcile payroll-related accounts and benefit deductions.·         Provide backup support to the Payroll Administrator as needed.·         Financial Planning Support·         Maintain and update the company’s cash burn model.·         Update payroll, clinical cost, legal spend, and commission forecasts.·         Provide runway and cash flow updates to the CFO. Other duties as assigned Qualifications / Experience·         Bachelor’s degree in Accounting, Finance, or related field.·         5+ years of progressive accounting experience.·         Strong knowledge of accrual accounting and GAAP principles.·         Advanced Excel and financial modeling skills.·         Experience reconciling operational data sets to financial records.·         Experience working with accounting, expense management, and operational systems. Experience with one or more of the following systems is preferred:·         QuickBooks – U.S. accounting·         Xero – AU accounting·         Expensify – expense management·         CTMS – clinical billing·         Clinical databases – patient activity tracking·         ADP – payroll processing·         Advanced Excel – financial modeling and analysis Think you have what it takes?  If we piqued your interest, we hope you will pique ours and follow the prompts to apply! 

Flexible work from home options available.

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