Senior Director, Tax and Treasury

The Role:

Reporting to the Vice President, Accounting, the Senior Director, Tax and Treasury is a newly created position that will lead and serve as a key advisor for all tax and treasury matters for the company. As the head of tax, this position will be responsible for developing and implementing strategic tax planning and leading all aspects of the company’s tax function, including managing third-party service providers engaged to assist with tax accounting, compliance, and reporting (including US federal and state, international, and indirect taxes) for a growing public biotech company. In addition, this role will be responsible for treasury activities, including managing the company’s treasury portfolio to ensure optimal liquidity, risk management, and capital efficiency.

This position will be responsible for collaborating closely with cross-functional stakeholders, including Accounting, FP&A, Legal, Supply Chain, and external tax advisors and auditors, to support strategic business objectives and maintain compliance with global requirements. This role will also serve as a strategic advisor to leadership on tax implications of business decisions, requiring a blend of technical expertise, strategic vision, and strong communication skills.

Responsibilities:

• Tax Planning and Strategy
  • Develop and execute appropriate tax planning strategies and recommendations in partnership with external tax advisors that align with the company’s long-term business objectives.
  • Advise senior leadership on the tax implications of key business decisions, including providing analysis of the tax impact of proposed transactions and developing tax efficient solutions.
  • Proactively monitor and analyze changes in tax law to identify potential planning opportunities or issues, and communicate their impact on the company.
  • Lead special tax projects or studies such as transfer pricing, R&D tax credits, and/or other ad hoc initiatives, as needed.
• Tax Compliance
  • Collaborate with our third-party tax provider to accurately and timely prepare the filings of all federal, state, and local income tax returns, estimated payments, and extensions.
  • Manage any tax disputes, resolve notices and drive continuous improvement to reduce recurring issues, as needed.
  • Ensure all cross-border transactions are properly documented and supported for tax filing purposes.
  • Provide timely and accurate responses to tax-related inquiries from cross-functional teams.

• Tax Accounting and Reporting
  • Manage third-party tax provider on the quarterly and annual income tax provision process in accordance with ASC 740.
  • Collaborate with Financial Reporting to ensure all tax-related disclosures in SEC filings (10-Q, 10-K) are prepared accurately and in compliance with US GAAP.
  • Maintain robust internal controls and documentation over tax processes, ensuring compliance with SOX 404(b) requirements and clear roles and responsibilities with relevant stakeholders.
  • Collaborate with external auditors and advisors to ensure a smooth and efficient tax reporting and compliance process, proactively implementing process improvements as needed.
• Treasury and Banking
  • Oversee global cash management and all banking, insurance and investment management partner relationships.
  • Evaluate treasury policies and procedures, identifying continuous improvement opportunities and leading implementation of treasury best practices.
  • Collaborate with FP&A on global cash management activities to ensure cash flows support current and future operational needs.
  • Manage fixed income investment portfolio and foreign exchange risk in line with corporate policies.
  • Oversee treasury management systems and controls to ensure compliance and efficiency.
  • Perform financial analysis of investment positions with an emphasis on maximizing return and improving liquidity, while minimizing risk.
  • Advise management on short-term and long-term financial objectives, policies, and actions.

Competencies Include:

• Strong leadership skills with the ability to lead cross-functional initiatives.
• Excellent analytical and problem-solving skills, with the ability to translate complex tax issues into clear, actionable business insights.
• Proven ability to manage multiple priorities and meet tight deadlines in a fast-paced, evolving environment with a hands-on approach.
• Proven ability to manage the complexities of a multi-state tax footprint and international tax matters.
• A proactive attitude and ability to anticipate the needs of the team with a commitment to continuous process improvement.
• Excellent written and verbal communication skills with ability to communicate with all levels of the company.

Qualifications:

• Bachelor's degree in Finance, Accounting, or related field; CPA or MST preferred.
• 12+ years of progressive tax experience, with a mix of Big 4 and in-house corporate experience, ideally in the life sciences or biotech industry; global treasury experience strongly preferred.
• Strong technical knowledge of US federal and state tax law, ASC 740, and international tax regulations; experience with indirect taxes.
• Experience working at a public company, SOX 404(b)-compliant environment.

Additional Information:

Nuvalent is committed to fair and equitable compensation practices, aiming to provide employees with competitive total rewards packages.

The targeted salary range below reflects what Nuvalent reasonably and in good faith expects to offer for this position at the time of posting, but the final salary determination may be within or outside this range based on various factors, including, but not limited to, experience, skills, education, and market factors. The range will be reviewed regularly and is subject to change.

Nuvalent also offers a comprehensive benefit package to support our employees at each stage of their career, financial, health, and well-being journey, including medical, dental, and vision insurance, 401(k) retirement savings plan, generous paid time off (including a summer and winter company shutdown), and much more