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Chief Financial Officer

Rakuten Medical

Rakuten Medical

Accounting & Finance
San Diego, CA, USA
Posted on Thursday, May 23, 2024

Company Profile

Rakuten Medical, Inc. is a global biotechnology company developing precision, cell-targeting investigational therapies on its Alluminox™ technology platform, which utilizes antibodies conjugated with payloads that are specifically activated at the tumor site.

Our first clinical product received marketing approval in Japan from the Ministry of Health, Labour and Welfare for ASP-1929 PIT to treat unresectable locally advanced or recurrent head and neck cancer - and is also in Phase III pivotal clinical testing globally to treat terminal cancer patients. This is a first-in-class product with unique pharmacological activity and with the potential to have a broad impact in cancer.

Rakuten Medical is committed to its mission to conquer cancer and aims to realize a society where cancer patients can lead fulfilling lives. Headquartered in the United States, Rakuten Medical has 5 locations in 5 countries: the United States, Japan, Taiwan, Switzerland and India. For more information, visit www.rakuten-med.com.

Company Profile

Rakuten Medical, Inc. is a global biotechnology company developing precision, cell-targeting investigational therapies on its Alluminox™ technology platform, which utilizes antibodies conjugated with payloads that are specifically activated at the tumor site.

Our first clinical product received marketing approval in Japan from the Ministry of Health, Labour and Welfare for ASP-1929 PIT to treat unresectable locally advanced or recurrent head and neck cancer - and is also in Phase III pivotal clinical testing globally to treat terminal cancer patients. This is a first-in-class product with unique pharmacological activity and with the potential to have a broad impact in cancer.

Rakuten Medical is committed to its mission to conquer cancer and aims to realize a society where cancer patients can lead fulfilling lives. Headquartered in the United States, Rakuten Medical has 5 locations in 5 countries: the United States, Japan, Taiwan, Switzerland and India. For more information, visit www.rakuten-med.com.

Position Summary

Reporting to the CEO, the Chief Financial Officer (CFO) will be responsible for overseeing all financial aspects of the organization, including IPO readiness, and must have extensive experience in the biotech or pharmaceutical industry, as well as a CPA designation. In addition, the CFO serves as a strategic advisor and partner to the CEO and company leadership and serves as the primary liaison with investors, analysts, and other stakeholders. This executive will work closely with key finance team members across all RMI regional offices, as well as non-finance executives and managers.

Key Duties and Responsibilities

Key responsibilities include developing and executing the financial strategy, managing financial planning and analysis, and ensuring compliance with regulatory requirements.

  • Develop and execute financial strategies to support the company’s growth objectives
  • Guide the company through significant financial events including potentially leading the preparation and execution of Initial Public Offering (IPO), including due diligence and financial modeling
  • Manage corporate financial planning and budget management functions
  • Oversee debt financing and develop and report projections
  • Oversee cash management, including payroll, receivables and collections, purchasing, payables and payment terms and reporting significant deviations
  • Ensure integrity of global accounting and financial reporting, including appropriate information systems to maintain disciplined financial planning and control systems to accurately report performance; regularly assessing the need to thoughtfully scale the systems and financial controls in support of future growth for the Company.
  • Coordinate global accounting and approval policies and drive consistency across regions.
  • Collaborate closely with internal audit, information technology, tax, treasury, legal and other functions to ensure proper internal controls over financial reporting and disclosure.
  • Lead and/or participate in strategic initiatives of the Company involving accounting, financial reporting, tax planning compliance, including providing updates to audit committee.
  • Continue to instil a performance culture resulting in meaningful process changes or improvements to increase efficiency and effectiveness, as well as meeting the needs of a high growth business.
  • Work with both internal and external auditors during financial and operational audits.
  • Support Operations Managers and other Operations staff in their financial responsibilities
  • Direct financial audits and oversee the preparation of financial statements and tax returns
  • Provide recommendations for procedural improvements
  • Provide continuous risk assessment of current investments, banking arrangements and recommend alternatives, where needed
  • Continually evaluate opportunities to drive greater efficiencies and effectiveness
  • Lead an experienced finance team, serving as a strong, positive leader; be a coach and advisor willing to roll up his/her sleeves to work alongside the team and sharing process and technical expertise to continually evolve the organization’s capabilities.
  • Other duties as assigned

Desired Education, Skills and Experience

  • Bachelor’s Degree in Finance, Accounting or a related field required. Master’s degree and/or professional certifications are a plus, but not required.
  • Minimum 15 years of progressive experience in Finance and Accounting, including 7+ year leading Finance teams, with a significant portion in executive leadership roles within the biotech or pharmaceutical sector.
  • Experience raising capital preferred
  • Big 4 experience preferred
  • Excellent written and verbal communication skills including experience preparing public filings and preparing materials for earnings releases and board meetings.
  • Personal presence, gravitas, excellent interpersonal skills and the cultural sensitivity to work with a diverse, international team; effective and experienced in communication at Executive leadership and Board levels.
  • Must have experience leading Finance with a privately or publicly traded company in the U.S. with involvement in IR and relevant SEC requirements.

Travel Requirements:

  • Ability to travel up to 20% of time required

We are proud to offer a competitive compensation plan with an excellent benefits package including flexible time off, stock options, 401k, medical, dental, vision plans and more.

Rakuten Medical Inc. is proud to be an Equal Opportunity Employer. We celebrate diversity and are committed to building a team that represents a variety of backgrounds, perspectives, and skills.

We are proud to offer a competitive compensation plan with an excellent benefits package including flexible time off, stock options, 401k, medical, dental, vision plans and more for full time employees. We recommend anyone coming onsite to be vaccinated for COVID-19. Rakuten Medical Inc. is proud to be an Equal Opportunity Employer. We celebrate diversity and are committed to building a team that represents a variety of backgrounds, perspectives and skills.