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Parallel Bio · 19 hours ago

Fractional Finance Manager

United States

Contract

Remote

Senior Level

5+ years exp

Parallel Bio is leveraging the human immune system to unlock safer and more effective drugs. They are seeking a Fractional Finance Manager to manage the monthly close process, maintain financial infrastructure, and ensure accurate reporting to leadership and the Board.

BiotechnologyLife SciencePharmaceuticalTherapeutics

Responsibilities

Prepare and post journal entries, including payroll, benefits, and accruals

Perform monthly bank reconciliations for all Company accounts, investigate outstanding items, and resolve discrepancies

Compile monthly financial statements (balance sheet, income statement, cash flow) for executive review prior to Board submission

Process vendor invoices through three-way match (PO, invoice, receiving documentation)

Prepare weekly payment batches for Head of Finance approval

Maintain vendor master file and coordinate new vendor setup with appropriate documentation (W-9, banking information)

Aggregate payroll data from Rippling monthly, prepare payroll journal entries, and reconcile payroll registers to the general ledger, including leave payment reconciliation and off-cycle payment tracking

Review monthly benefit deductions and 401(k) contributions against enrollment records and plan administrator reports

Verify employee eligibility for tax-advantaged benefits (HSA, FSA, 401k), reconcile employer match calculations, and ensure timely remittance to plan administrators

Coordinate with external tax advisors on federal and state corporate tax filings, estimated tax payments, and annual returns

Support quarterly and annual payroll tax filings (Form 941, state equivalents) and perform four-way reconciliation of payroll registers, tax filings, and general ledger prior to W-2 issuance

Coordinate with the Science team to gather R&D tax credit documentation substantiating qualified research activities and expenses

Prepare supporting schedules and maintain tax provision workpapers

Record capital contributions, distributions, and other equity transactions in the general ledger

Maintain the equity rollforward schedule and coordinate with legal counsel on cap table updates

Prepare and maintain intercompany transfer agreements and supporting documentation between the US parent and EU subsidiary

Record intercompany transactions, reconcile intercompany balances monthly, and ensure proper elimination entries for consolidation

Consolidate EU financials with the US parent entity, translate IFRS subsidiary results to US GAAP, and maintain the cumulative translation adjustment schedule

Partner with EU subsidiary operations and external accountants to ensure timely receipt of local financials, coordinate on VAT filings and statutory reporting, and support local audits as needed

Maintain transfer pricing policies and contemporaneous documentation for intercompany service agreements and cross-border transactions

Execute controls as documented in Company process narratives, including vendor verification, duplicate payment prevention, and segregation of duties

Proactively identify and flag control gaps and process improvements

Maintain organized financial records per Company retention policy and prepare reconciliation packets and supporting documentation for external audits, statutory audits, and year-end close

Qualification

Accounting ExperienceCPA CertificationGAAP KnowledgeQuickBooks OnlineMulti-Entity ConsolidationDetail OrientationIndependent OperatorCommunicatorPythonSQL

Required

5+ years of Accounting Experience: You have a track record in accounting or finance roles, ideally in a startup, biotech, or high-growth environment. Experience with monthly close, AP, payroll accounting, and multi-entity consolidation required. Prior experience with international subsidiaries strongly preferred

CPA certification required, with an active license in good standing

Technical Proficiency: You are comfortable with QuickBooks Online, Google Sheets/Excel, SQL, Python, cloud-based payroll systems (Rippling preferred). You can build and maintain reconciliation workbooks and troubleshoot data discrepancies

Knowledge of GAAP, IFRS, and Tax Requirements: You understand US GAAP, have working knowledge of IFRS differences, and can perform IFRS-to-GAAP conversions for consolidation. Familiarity with foreign currency translation (ASC 830), intercompany accounting, and transfer pricing documentation. Experience with payroll tax obligations and IRS/state filing requirements

Detail Orientation: You catch errors before they become problems. You maintain clean workpapers and can trace any transaction back to supporting documentation

Independent Operator: You manage your own workload, meet deadlines without reminders, and communicate proactively when issues arise. You are comfortable working asynchronously with a distributed team

Strong Communicator: You can translate accounting details into clear updates for non-finance stakeholders and coordinate effectively with external accountants, auditors, and legal counsel

Fractional Availability: This is a part-time role, estimated at 20-30 hours per week, with increased capacity during monthly close and year-end periods. Potential for conversion to full-time