Senior Accountant

Senior Accountant

Magnolia Medical is an early stage, rapid growth commercial-stage medical device company with an opportunity for a Senior Accountant.  The Senior Accountant at Magnolia Medical Technologies is responsible for general accounting, accounts payable, and payroll-related activities, ensuring accurate financial reporting, timely vendor and employee payments, and compliance with accounting standards and internal controls. This role leads the close processes, prepares transactional functions, and partners with management to provide reliable financial insights.  This position reports to the Controller and is based on-site (5 days per week) at our downtown Seattle, WA headquarters.

Primary Responsibilities:

• Lead month-end and year-end close processes, including journal entries, accruals, and reconciliations
• Ensure compliance with GAAP and internal accounting policies
• Review balance sheet and income statement accounts; investigate and resolve variances
• Support external audits by preparing schedules and responding to auditor inquiries
• Engage in general accounting activities including the accurate and complete preparation, maintenance, and reconciliation of general ledger accounts for balance sheet and expense accounts.
• Own the end-to-end accounts payable process, including invoice entry, coding, approvals, and payments
• Maintain vendor master data and ensure appropriate documentation and controls
• Ensure compliance with payment controls, fraud prevention, and segregation-of-duties requirements
• Oversee payroll processing in coordination with third-party payroll providers
• Review payroll registers, funding reports, and prepare payroll-related journal entries
• Maintain and enhance accounting, AP, and payroll processes and internal controls
• Identify opportunities for automation and efficiency improvements preferably leveraging AI
• Support external audit and initial preparation of state and local tax filings, supporting the Corporate Controller
• Adhoc projects and reports requested by various departments and levels of management.
• Cross train roles and responsibilities of other team members.
• Performs other duties as assigned.

Required Skills and Experience:

• Bachelor’s degree in accounting or related field.
• Minimum 3 years of experience in public accounting and/or industry accounting sector
• Strong understanding of standard accounting procedures and US GAAP
• Ability to work in a fast paced, customer and employee centric environment.
• Crisp and clear communications with team, employees and customers.
• Advanced Excel skills, including lookups and pivot tables
• Experience in D365 a plus
• Ability to sit/stand and work at a computer for extended periods.
• Ability to use a keyboard, mouse, and office equipment.
• Ability to communicate clearly in person and by phone.
• Ability to maintain regular on-site attendance during business hours.

About Magnolia Medical

Magnolia Medical Technologies, Inc. is redefining the accuracy of sepsis testing with Steripath®, the only device proven to reduce blood culture contamination significantly. With over 20 clinical studies, peer-reviewed publications, and an expanding IP portfolio, Magnolia Medical is establishing the new standard for blood culture integrity. The company offers competitive compensation, benefits, and incentive opportunities in a fast-growing, mission-driven environment.