Reporting to the VP Finance, the Senior Manager of Financial Planning and Analysis will be a critical leader within our finance team and a key business partner for leadership and for all functional areas within the Company. With responsibility for overseeing the financial forecasting, budgeting, long-range planning and periodic performance analysis that supports management decision making, together with ownership of CRO and CMO accrual accounting for the Company's clinical and manufacturing programs, this role is a key contributor to achieving our strategic objectives and ensuring we are resourced to meet our operational needs. This role demands a high degree of analytical expertise, strategic thinking, collaboration skills and leadership to drive our financial planning processes and clinical trial financial management.
- Lead the development and execution of annual budgets, financial forecasts and long range planning that align with company strategy.
- Analyze current and past trends in key performance indicator.
- Monitor performance indicators, highlighting trends and analyzing causes of unexpected variance, and providing detailed monthly and quarterly financial reviews.
- Own the end-to-end CRO and CMO accrual process, partnering closely with Clinical Operations and CMC/Manufacturing to estimate, true-up, and report clinical trial and manufacturing accruals each close cycle.
- Review CRO/CMO contracts, change orders, and purchase orders to validate expense recognition, and proactively flag budget-to-contract variances to Clinical Operations and Accounting leadership.
- Serve as the primary FP&A/accrual owner for quarterly reviews and year-end audit, preparing accrual support schedules and roll-forwards and responding directly to external auditor testing and requests.
- Build and maintain trial-level and program-level R&D spend forecasts (cost-per-patient, site activation, enrollment-driven spend) to support cash runway and burn-rate reporting to the Board and senior management.
- Develop financial models and analyses to support strategic initiatives and guide senior executive decision-making.
- Prepare presentations to Board of Directors and Senior Management Team regarding financial planning and performance.
- Manage planning and review processes to support compliance with regulatory requirements for financial reporting and controls.
- Spearhead the continuous development and improvement of budgeting, financial forecasting, operating plan and modeling tools.
- Enhance, implement and enforce policies and procedures of the organization by way of systems that will improve the overall operation and effectiveness of the corporation.
- Collaborate with other department leaders to support overall department goals and objectives.
- Lead the financial modeling and analysis for potential mergers, acquisitions, and investment opportunities.
Bachelor’s degree in Accounting, Finance, Economics or related field; MBA highly preferred.
6+ years of experience in financial planning and analysis, including direct experience in a clinical-stage biotech or pharmaceuticals company; prior people-management experience preferred.
Strong understanding of GAAP, SEC reporting, and experience with public company compliance.
Direct, hands-on experience managing CRO and CMO accruals and R&D expense recognition (ASC 730) in a clinical-stage life sciences company, including reviewing clinical/manufacturing contracts and partnering with Clinical Operations and CMC teams.
Advanced Microsoft Excel and PowerPoint skills; experienced with Adaptive Planning and NetSuite.
Excellent analytical, decision-making, and problem solving skills.
Attention to detail, the ability to multi-task and work under tight deadlines.
Strong cross functional leadership skills and experience in organizational management.
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