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Assistant Controller

Velia Therapeutics

San Diego, CA, US
  • Job Type: Full-Time
  • Function: Accounting/Finance
  • Industry: Biotechnology
  • Post Date: 02/06/2023
  • Website:
  • Company Address: , San Diego, CA US
  • Salary Range: $50,000 - $150,000

About Velia Therapeutics

Velia is harnessing the therapeutic potential of a novel class of small human proteins, microproteins, which regulate biological functions vital to human health. Velia will discover and develop therapeutics targeting these potent regulators.

Job Description

Velia is a transformative biotech company with the ambitious goal to harness the therapeutic potential of a novel class of human peptides, also known as microproteins. Building upon our founders’ seminal work, the Velia team is constructing and deploying a novel target discovery pipeline that integrates computational science, high throughput profiling, functional genomics, and human clinical data. Innovative discovery scientists are encouraged to apply and bring intellectual curiosity, scientific rigor, and a desire to discover important, new medicines for patients.
The Velia Assistant Controller role is an operationally-oriented position with responsibility for all aspects of accounting and finance including, but not limited to, the following: month-end, quarter-end, and year-end financial statement preparation, annual budgeting and forecasting, P&L analysis, fixed assets, and for ensuring adherence to Generally Accepted Accounting Principles (GAAP). Provides accurate and timely financial and management reports to executives, board of directors and investors. This is a “hands-on” position ensuring and maintaining accurate financial records.


    • Prepares reports which summarize and forecast company business activity and financial position in areas of income, expenses, and cash runway based on past, present, and expected operations.
    • Prepares budgets, reviews budget proposals, and prepares necessary supporting documentation and justification
    • Leads and operates accounting functions, maintains fiscal records, establishes and maintain budgetary controls and procedures
    • Prepares financial reports and other data for internal and external constituencies (i.e. management, board and investors)
    • Provides management with timely reviews of organization's financial status and progress in its various programs and activities
    • Lead and direct corporate tax compliance for annual returns, annual provisions as well as tax projects, as needed
    • Assess systems requirements for the accounting department in support of organizational growth; implement and enhance current and other accounting systems
    • Lead and directs audits of company's accounts and prepares reports required by regulatory agencies
    • Collaborate and manage relationships with commercial banking, outside counsel, auditors, landlord and other business partners
    • Direct and monitor compliance with internal controls related to financial policies to mitigate risk and engage in continuous improvement
    • Oversee administration of equity plans and stock option record keeping
    • Oversee payroll and other compensation plans
    • Collaborate with management to establish insurance coverage for protection against property losses and potential liabilities.
    • Provides training to staff as needed.
    • Carries out job responsibilities and assignments safely and maintains a clean and safe work area.
    • Other duties as may be necessary.

Supervisory Responsibilities

    • Hire and manage one Junior Accountant.
    • Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws.
    • Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

Career Path

    • Controller


    • Bachelor’s degree in Accounting or Finance, 4+ years of experience in accounting with progressively greater responsibility;
    • Recent experience with a public company preferred, not required.
    • Must have understanding of US GAAP
    • Experience with the establishment of internal controls and internal audits.
    • Familiar with SEC and Audit reporting formats; technically competent and current with all recent opinions of the SEC, AICPA, IRS and FASB.
    • Strong interpersonal skills and ability to work effectively across all functions
    • Effective verbal and written communication skills, including the ability to translate complex financial informatio
    • Other factors include: Passion for the business of drug discovery; Energy and enthusiasm of others, Self-motivated and Results-oriented.
We offer a vibrant startup environment where every member of the Velia team will play a role in shaping a culture of inclusion, scientific exploration, and openness. We offer competitive compensation, including stock options, and a comprehensive benefits package that includes paid time off, medical, dental, vision, 401K, and a flexible spending account. Velia is proud to be an equal opportunity workplace and will consider all applicants for employment.

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