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Director of Technical Accounting and Reporting

Company: RxSight, Inc.
Location: Aliso Viejo
Posted on: July 29, 2022

Job Description:

RxSight has commercialized the world's first and only adjustable intraocular lens (IOL) that is customized after cataract surgery. This intraocular lens can be adjusted non-invasively while in the eye, allowing the post-cataract surgery patient to see clearly at distance without the use of eyeglasses or contact lenses. The application of light to the implanted Light Adjustable Lens (LAL---) will fine-tune the patient's lens power to their specific visual need.This technology sets the stage for a series of lens products from RxSight that will have widespread application in cataract and refractive surgery as well as outside the field of medicine.OVERVIEW:The Director of Reporting & Technical Accounting is responsible for interpreting relevant accounting guidance and preparing technical memos, determining implementation/policy for the Company, leading the annual audit / quarterly reviews with the external auditors, recording stock-based compensation, reconciling equity and other assigned balance sheet accounts on a timely basis, completing the monthly consolidation and revaluation, and helping to establish/implement accounting policies and procedures. The Director records, summarizes and reconciles business transactions. In addition to these general accounting responsibilities, the role will perform the detailed work in the following areas:

  • Accounting for stock-based compensation (employee and nonemployee) with Equity Edge including all footnote analysis for the audited financial statements and the related deferred tax asset (stock options, employee stock purchase, restricted stock units)
  • Forecast/budget for stock-based compensation and other analysis as assigned
  • Lease accounting technical analysis (post ASC 842 implementation) for new leases and software implementation
  • Analyze, document, and implement new GAAP requirements
  • Analyze and report on revenue, closing the sales module each month and ensuring proper revenue recognition including journal entries supporting proper revenue recognition/deferral of revenue and accruals
  • Implement service contract invoicing/deferred revenue in QAD
  • Month-end consolidation/revaluation and preparation of Excel financials
  • Accounting for equity instruments (including analysis of equity versus liability classification) and proper balance sheet presentation (temporary equity vs. permanent equity)
  • Royalties
  • Debt and related amortization and interest expense recording as well as covenant compliance reporting
  • Write Notes to Financial statements, complete GAAP & SBC checklists, tieout of 10-Q/10-K
  • Manage and/or prepare workpapers / support as needed for tax preparation (provision and compliance)ESSENTIAL DUTIES AND RESPONSIBILITIES:
    • Managing month-end close to ensure deadlines are met
    • Completing miscellaneous account analyses or other ad hoc reporting as requested
    • Documenting internal controls, procedures and streamlining transaction processing to improve efficiencies
    • Completing technical accounting activities as assigned
    • Participating in the audit of the annual physical inventory (management of external auditors)REQUIRED KNOWLEDGE, SKILLS AND ABILITIES:
      • Strong MS Excel
      • Solid understanding of U.S. GAAP
      • Ability to add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ration, and percent.
      • Ability to apply common sense understanding to carry out instructions furnished in written, oral or diagram form. Ability to deal with problems involving several concrete variables in standardized situations.
      • Must have good phone skills and interact well with others.
      • Previous experience writing technical memos, financial statement footnotes, accounting for stock-based compensation and leases.
      • Must present themselves as a professional always.
      • Requires minimal supervision.EDUCATION, EXPERIENCE, and TRAINING:
        • Bachelor's Degree in Accounting or Finance; minimum 7 years' Accounting experience. CPA desired.
        • Experience using Equity Edge a plus.
        • Must be flexible and adaptable to change.
        • Excellent oral and written communications.
        • Self-motivated with the ability to prioritize multiple projects under tight deadlines and work independently
        • Ability to work professionally with all levels of management.
        • Support our company values (Customer Focused, Agility, Sense of Urgency, Transformative).
        • Training to be completed per the training plan for this position as maintained in the document control system.COMPUTER SKILLS:
          • ERP experience required; ERP in a manufacturing environment a plus
          • MS Office (Excel, Word, Powerpoint, Outlook)

Keywords: RxSight, Inc., Aliso Viejo , Director of Technical Accounting and Reporting, Accounting, Auditing , Aliso Viejo, California

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