Senior Director, Tax and Treasury

The Company

With deep expertise in chemistry, Nuvalent is working to create selective medicines designed with the goal to address the needs of patients with cancer. Nuvalent is an exciting early-stage company, bringing together experienced scientists and industry veterans with a proven track record in drug discovery, oncology drug development, and company building.

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.

• 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…