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Full-Time

Accountant

Posted on 6/28/2024

Verge Genomics

Verge Genomics

51-200 employees

Develops drugs using human genomics and AI

AI & Machine Learning
Biotechnology
Healthcare

Compensation Overview

$90k - $100kAnnually

Mid

Remote in USA

Category
Financial Accounting
Accounting
Requirements
  • Bachelor's degree in Accounting, Finance, or a related field
  • Professional accounting certification (e.g., CPA) is a plus
  • 2-5 years of experience in accounting, preferably within the life sciences or biotech industry
  • Strong understanding of GAAP and other relevant accounting principles
  • Proficiency in accounting software and Google Applications (Sheets, Docs, Slides)
  • Excellent analytical, problem-solving, and organizational skills
  • Strong attention to detail and accuracy
  • Ability to interpret financial data and provide actionable insights
  • Excellent communication and interpersonal skills
  • Ability to work independently and as part of a team in a fast-paced environment
  • Experience with cost accounting and tax preparation
  • Understanding of the biotech or life sciences industry and its unique financial requirements
  • Deep alignment with our values
Responsibilities
  • Develop, implement, and maintain one or more accounting systems
  • Prepare journal entries and maintain general ledger accounts
  • Reconcile general ledger accounts to ensure accuracy
  • Maintain subledgers and schedules such as accruals, fixed assets and prepaid expense schedules
  • Prepare financial reports and monthly reporting packages, including profit and loss, balance sheet and cash flow statement
  • Maintain receipts and disbursement reports
  • Interpret financial reports and records for managers, offering insights and recommendations
  • Ensure all accounting activities comply with regulatory requirements and internal policies
  • Collaborate with cross-functional teams to support various accounting and financial initiatives
  • Assist the Controller with audit support & external investor requests

Verge Genomics develops drugs for severe diseases like ALS, Parkinson's, and Frontotemporal Dementia using human genomics and machine learning. Instead of traditional animal models, they create a large database from human tissue to better understand disease causes. Their AI platform, CONVERGE®, helps analyze this data to identify potential drug candidates. Their first drug, VRG50635, is in clinical trials for ALS and was developed in just four years. Verge Genomics aims to provide effective treatments for patients and generate revenue through the commercialization of their drug candidates.

Company Stage

Series C

Total Funding

$176.1M

Headquarters

South San Francisco, California

Founded

2015

Growth & Insights
Headcount

6 month growth

-11%

1 year growth

-6%

2 year growth

21%
Simplify Jobs

Simplify's Take

What believers are saying

  • Verge Genomics' partnerships with industry giants like Alexion and AstraZeneca highlight its credibility and potential for impactful collaborations.
  • The initiation of the Phase 1b proof-of-concept study for VRG50635 demonstrates the company's progress and commitment to addressing severe diseases like ALS.
  • Collaborations with companies like Stem Pharm to develop disease models for Parkinson's disease indicate a broadening pipeline and diversified research focus.

What critics are saying

  • The reliance on AI and machine learning for drug discovery may face skepticism and slower adoption in the traditionally conservative pharmaceutical industry.
  • The competitive landscape in AI-driven drug discovery is intensifying, with numerous companies vying for market share.

What makes Verge Genomics unique

  • Verge Genomics leverages an all-in-human, AI-powered platform, CONVERGE®, to discover and develop drugs, bypassing traditional animal or cell models.
  • Their proprietary multi-omics database, built from human tissue, allows for more accurate mapping of disease causes compared to competitors.
  • The rapid transition of their drug VRG50635 from research to clinical trials in just four years showcases their platform's efficiency.

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Benefits

Excellent medical, dental, and vision coverage

401(k) plan with employer matching for contributions

Disability insurance, Life insurance, Dependant Care FSA and Healthcare FSA

Unlimited paid time off

Paid parental leave

Access to free onsite fitness center

Free snacks and lunch for employees who work onsite

WFH stipend for employees who work remotely

INACTIVE