Financial Operations Associate

Company: Arc Bio
Location: Worcester
Posted on: March 3, 2025

Job Description:

EdenRoc Sciences is a biotechnology company formed to cultivate world-class life sciences start-up companies. EdenRoc specializes in enabling efficient translation of top tier academic and government science into technologies which provide novel and cutting-edge research tools, diagnostics, and pharmaceuticals. EdenRoc has founded its subsidiaries based on novel science, often in the form of intellectual property licensed from top universities. The subsidiaries operate as autonomous companies with their own leadership and objectives.Each subsidiary is aided by a small group of personnel at the parent (EdenRoc) level, who support core business functions including IT. This role will support EdenRoc and its subsidiaries with just under 80 employees in 10+ states and laboratory locations Worcester, Mass and Scotts Valley, California.Essential Functions of the Position:

• Manage A/P function for all entities - ensure vendor invoices are entered in timely manner and reconcile monthly.
• Assist in purchase order generation and inventory management ERP transactions.
• Maintain reconciliations for all balance sheet accounts and post related monthly journal entries.
• Process inter-company accounting entries and adjustments through journal entries.
• Reconcile credit card accounts.
• Ensure accuracy of data entry input by reviewing system generated batch reports.
• Retain and organize all relevant vendor documentation for internal and external reporting.
• Provide accounting assistance to managers and operating staff; responds to questions.
• Ensures timeliness of all functions.
• Assist the finance team with evaluating and implementing new financial processes.
• Work on special projects and ad hoc reporting as needed.Essential skills required:

• Working knowledge of accounting functions including A/P, A/R, G/L, accruals, pre-paid expenses.
• Experience with the following tasks: running a weekly payables process, coordinating vendor communications, and retaining and organizing vendor information.
• High degree of accuracy and attention to detail.
• Drive to learn new skills by taking on unfamiliar tasks & responsibilities.Minimum Requirements:
  • BS in accounting or a similar field, or experience in financial operations that included accounts payable and general ledger entries.
  • Familiarity with an ERP system (Intacct is a plus).
  • Strong understanding of Microsoft Office (Excel).
  • Speak, read, write excellent professional English.EdenRoc Sciences is an equal opportunity employer - we know that our individual differences make us a stronger team. We care for our employees by offering generous paid time off as well as excellent benefits for employees and their families.NO Recruiters Please
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Keywords: Arc Bio, Worcester , Financial Operations Associate, Accounting, Auditing , Worcester, Massachusetts