Corporate Controller (Executive Director)

Westlake Village, CA, United States

Location:   Westlake Village, CA

Job Id:  11096

# of Openings:  1

At MannKind our employees are our number one asset, and we continue to be a tight-knit community where each of us has a critical role in our success. Committed to diversity, at MannKind we depend on a rich blend of ideas, backgrounds, and working styles in our quest to change the world for the better.

The Corporate Controller plays a pivotal role in planning, developing, and implementing financial and accounting systems, controls, and standards for the entire organization. This position ensures the timely production of financial reports for senior management use and filing with the SEC while providing leadership and direction to the accounting department and financial transactions team. The incumbent is responsible for establishing and maintaining finance and accounting systems in alignment with accepted professional standards to ensure compliance with policies, procedures, and relevant laws and regulations, including US GAAP, Securities and Exchange Commission (SEC) regulations, NASDAQ requirements, and the Sarbanes-Oxley Act of 2002.

Direct Reports: - Director Accounting, Associate Director - Technical Accounting & SEC Reporting, Manager - Accounting & Financial Reporting (2 individuals), Manager - Accounts Payable, Payroll Specialist.

Key Responsibilities:

Direct and manage accounting operations and general ledger to ensure integrity and accuracy of financial statements. Ensure financial statements are consistent with U.S. GAAP and SEC regulations, including newly issued and emerging pronouncements.

Responsible for the Accounting function including general ledger accounting, revenue, inventory, payroll, accounts payable, accounts receivable, and tax compliance

Provide timely and accurate monthly financial statements for internal and external stakeholders, including quarterly and annual financial reporting to the SEC. (In addition to Forms 10-Q and 10-K, SEC filings include Form 8-Ks, the annual Proxy, and Section 16 filings on Forms 3, 4 and 5.)

Consolidate legal entities for financial reporting purposes.

Provide technical accounting leadership, ensuring adherence to US GAAP and reviewing the accounting implications of proposed transactions such as financing, license agreements, research agreements, and M&A.

Collaborate with Alliance Management to ensure proper accounting treatment of alliances.

Manage the external audit and annual tax preparation processes, presenting findings to the Audit Committee quarterly.

Ensure compliance with all tax reporting requirements, including income tax, sales tax, and employment taxes.

Utilize financial information systems effectively to support business decisions.

Lead Financial Transaction Services, including managing accounts payable and accounts receivable processes, overseeing bi-weekly payroll processing, stock plan administration and the employee stock purchase plan.

Ensure strong financial internal controls and annual unqualified external audit report.

Drive process improvement initiatives in Transactional Services and financial reporting.

Provide leadership, direction, and guidance to develop department employees collaboratively and supportively.

Critical Tasks: Assuming leadership of the bicoastal accounting and finance transactions team, fostering positive leadership, and implementing process improvements.

Responsible for implementing strategies to optimize headcount utilization and enhance operational efficiency as the company grows.

Identifying and implementing efficiencies in transactional accounting processes (e.g., AP, AR, Payroll, Stock plan administration).

Requirements: Candidates must possess proven experience and capabilities to fulfill the responsibilities of the role. Additionally, candidates should demonstrate the ability to execute and influence others through formal and informal leadership. Internal controls experience is required.

Professional Qualities & Experience: Undergraduate degree in accounting or equivalent required, MBA a plus.

Licensed CPA required. 10+ years of relevant work experience required, preferably in the pharmaceutical industry, with demonstrated progression in roles and responsibilities in finance and accounting. Hands-on experience in a Corporate Controller role within a mid-size public company, with a focus on driving change.

Extensive technical accounting experience required (e.g., stock-based compensation, revenue recognition, significant transactions, etc.)

Demonstrated leadership in managing order-to-cash, procure-to-pay and record-to-report processes.

Ability to thrive in a fast-paced, entrepreneurial environment, leveraging teamwork, professionalism, proactive approaches, integrity, sound judgment, and a sense of urgency.

Strong organizational and planning skills, with the ability to manage multiple projects and meet key milestones.

Proficiency in managing organizational complexity and ambiguity, navigating through change, and fostering staff development.

Strong communication skills, including the ability to articulate Company’s financial results, accounting policies, and procedures in layman’s terms; comfortable interacting with all levels of organization, including C-suite executives, project teams, and department managers.

Ability to think clearly under pressure, synthesize data from various sources, and communicate effectively.

Personal Qualities: This is a professional, performance-driven culture. First and foremost, candidates must possess unquestioned integrity and character. Candidates should bring an attitude of partnership as well as professionalism, expertise, confidence backed by ability, and a competitive spirit focused on helping MannKind succeed. Most importantly, the candidate must have a good attitude and a strong work ethic and take ownership of his or her work. Additional personal attributes include:

Demonstrated ability to work in a fast paced, dynamic, entrepreneurial environment where growth and success will be achieved largely through working effectively with their team, hard work, professionalism, a proactive approach, high integrity, reasoned and thoughtful judgment, sense of urgency, a balance between strategic and tactical skills, a willingness to bring issues to light in an appropriate manner, and a readiness to “roll up your sleeves.”

Strong organizational and planning skills; ability to manage multiple projects effectively and take personal responsibility for their completion; set priorities, stay focused, and meet key milestones.

Ability to manage organizational complexity and ambiguity and navigate through change including working with the team, taking an active and genuine interest in their career development and satisfaction, and understanding the value of group input in arriving at alternatives, decisions, and conclusions.

Ability to think clearly in stressful situations, gather data from multiple sources and summarize key issues with a keen understanding of when to involve other partners, such as the CFO, and external or internal auditors, for a timely resolution of any issues that may arise.

Excellent analytical, communication, and presentation skills as well as attention to detail.

With the spread of the coronavirus, many individuals are concerned about access to their medication supply. At this time, MannKind does not anticipate that the supply of its inhalable insulin Afrezza (insulin human) Inhalation Powder will be affected by the coronavirus.

We will continue to closely monitor our supply chain for potential impact to the supply of Afrezza. MannKind sources critical raw materials from suppliers in the United States and Europe and we remain in close communication with key suppliers to assure a reliable supply of insulin.

Our US manufacturing facility is fully operational and we are taking a number of steps to prevent any impact to our supplies. Afrezza is still readily available in U.S. pharmacies, and if needed, pharmacies can order additional supplies from wholesalers with expected delivery within 1-2 days. As the global situation evolves, we will continue to take the necessary steps to safeguard the reliable supply of Afrezza.

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