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Head of Fair Value Accounting & Reporting

Ginkgo Bioworks
United StatesRemotefull_timeVerifiedPosted 12 May 2023
💰 $210,000/yr

About the role

Ginkgo Finance is entering its next phase as a public company on this very exciting journey of rapid growth and industry-disrupting technologies. Now that Ginkgo has completed its public offering (Q4 2021), adopted two impactful accounting standards (CECL and Leasing, 2022) and finished its first year as a large-accelerated filer subject to reporting of our internal controls over financial reporting (2022), the Accounting, Reporting & Controllership (ARC) organization is campaigning to in-source senior level expertise across various disciplines which had been previously outsourced. 
If you have demonstrated strength in the world of technical accounting and controllership, we would love to connect with you. Our current team includes the best of the best - starting with strong seniors and analysts led by the most innovative of executive-level directors and vice presidents. Collectively we’ve designed our various individual accounting organizations (revenue, fixed asset & lease, employee compensation and benefits, etc.) and related policies, procedures and objectives. Now is the time to build out our new layer of talented senior-level leadership to put their fingerprint on these organizations and make them their own. 
We are a very inclusive team, passionate about our careers and dedicated to being part of something significant. If this sounds like the right opportunity for you, please apply! Curious? Let’s have a conversation.
As evident in Ginkgo’s publicly filed financial statements, many of our business processes require an element of fair value assessment expertise, including:-Business combinations which may result with various types of intangible assets and earn-out scenarios-Revenue contracts in which we receive non-cash consideration-Valuation of investment instruments in varying forms-Elements of stock compensation calculations, and -Leases and capital assets. To ensure the proper accounting and reporting of such, we are seeking an experienced professional to partner with our Corporate Controller and Director of External Reporting in owning the measurement/ valuation part of the process. 
In this role, you will report directly to the Chief Accounting Officer and frequently partner with the Chief Financial Officer and other Ginkgo senior leadership. To date, these activities have been outsourced to subject-matter experts spanning several high-quality global firms; upon joining Ginkgo, this support function will be yours to manage and supervise as your own team of experts until the point where it makes sense to insource to a team of your own design.

Responsibilities

  • Ownership of all policies and procedures associated with fair value measurement, accounting and reporting (ASC 820/ IFRS 1) with corresponding controllership activities. As Ginkgo is a publicly traded company subject to SOX 404, all such policy/ procedural steps have been designed and are operating. Your role is not to create or design new, but to continue and refine existing. In particular, you will support the Chief Accounting Officer in ensuring all fair value guidelines are published and easily understood by others in the Ginkgo organization sufficient for them to do their jobs. For this reason, not only is your ASC 820 expertise critical, but your ability to translate accounting-heavy concepts to non-finance customer-facing personnel, as well. 
  • Through constant alignment with our Business Development teams, General Counsel, Finance and other senior leadership, you will maintain constant tracking of all matters which may impact fair value of Ginkgo’s assets and liabilities resulting from various types of transactions. These include, but are not limited to mergers and acquisitions of assets or entities, other forms of collaboration events,  and contracts with customers, suppliers or other related parties.
  • For all identified matters impacting Ginkgo’s fair value, you will oversee the team that analyzes and documents our positions taken and rationale for each. You will also ensure that the associated internal control evidence is produced accurately, timely, and is audit-ready when and as needed. To the extent any internal controls or processes require change or improvement, your team will be included in both the identification and remediation activities.
  • Support senior leadership in the early stages of potential deals with third parties by providing your fair value measurement subject matter expertise to review or provide valuation or other analytical modeling tools for negotiation purposes.
  • Review financial information on a quarterly basis provided by investees and identify impairment indicators and changes in observable price. Work with external valuation specialists to update fair values as necessary.
  • Own quarterly valuation activities with completion of underlying calculations, roll forwards and account reconciliations.
  • Review and approve Ginkg

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Company

Ginkgo Bioworks

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