Associate Director, BioPharma Finance

Foundation Medicine - Boston, MA

Full-time

Boston, MA

Professional, Scientific, and Technical Services

About the position

The Associate Director, BioPharma Finance, serves as the principal financial advisor and partner to the BioPharma Business Unit at Foundation Medicine. This role is pivotal in driving the financial planning, reporting, and analysis processes that support the business unit's objectives. The incumbent is responsible for providing comprehensive financial decision support across a wide range of operational and strategic matters that impact the business's financial goals. This includes managing all aspects of financial support, such as financial reporting, forecasting, business analysis, resource allocation, and strategic planning. In this capacity, the Associate Director will lead the preparation of financial plans and forecasts that align with the strategies set forth by the senior management team. They will gather and publish various financial reports and analyses, which encompass historical, current, and forward-looking financial data. The role requires a proactive approach to identifying and communicating areas for operational and financial improvement, ensuring that the business unit remains aligned with its strategic direction. The Associate Director will also engage with functional business leaders to provide timely and relevant financial information, enabling sound decision-making. They will develop relationships across the organization, presenting key financial insights during monthly and quarterly business review meetings. Additionally, the position supports long-range planning, resource allocation strategies, and annual operational planning, while driving the quarterly financial forecast process for revenue and sales & marketing. The role also involves preparing executive-level presentations and evaluating the potential impact of industry events on the company's financial models.

Responsibilities

• Management of the Business Unit by analyzing drivers and providing explanations & recommendations to Functional and Financial Management.
• Overall P&L management of the Business Unit (BUs) by analyzing Top & Bottom-Line drivers and providing explanations & recommendations to the BU and financial management.
• Develops and reports on the appropriate set of performance metrics for the functions (KPIs).
• Proactively identifies and communicates areas for operational and financial improvement within the business or function, and the company.
• Develop and lead agile FP&A processes for functional stakeholders through insightful, scenario-driven, forward-looking decision making.
• Engage functional business leaders to provide timely and relevant financial information and analyses to enable sound decision making.
• Develop relationships with leaders and teams across the organization and present key financials and company context at monthly/quarterly business review meetings.
• Support FMI's long range planning, long-term resource allocation strategy, annual operational planning and contingency planning, through partnership with business stakeholders.
• Drives the quarterly financial forecast process for Revenue and Sales & Marketing.
• Support preparation of the monthly financial reporting package, including actual vs. budget variance analysis.
• Assist in the strategic planning and analysis processes, including the development of annual operating plans, ongoing forecasting, contingency planning, etc.
• Identify key financial and non-financial risks based on macro and micro factors, conduct scenario analysis and recommend actions for mitigation of those risks.
• Work collaboratively with Accounting to ensure alignment with budget.
• Execute upon mentorship and development initiatives for the team to help the team achieve individual, department and company goals.
• Prepare concise format executive level presentations with recommendations and conclusions.
• Evaluate the potential impact of industry events on the company's financial models.
• Participate in and facilitate group meetings and work with cross functional leaders.
• Other duties as assigned.

Requirements

• Bachelor's Degree
• 8+ years of experience in financial, business, and strategic planning experience with increasing responsibilities.

Nice-to-haves

• Master of Business Administration
• Master's Degree or higher educational level in Accounting or Finance
• 5+ years of experience in forecast and modeling experience, preferably in a financial planning function within a pharmaceutical or biotechnology environment
• Experience in both private and public companies
• Experience with MS Dynamics, and Forecasting Systems
• Demonstrated ability to participate in and facilitate group meetings and work with cross functional leaders
• Demonstrated ability to prioritize and meet deadlines in a fast-paced environment
• Ability to be resourceful in finding answers and solutions when information and data is not readily available
• Knowledge of accounting statements and financial reporting
• Knowledge of finance, accounting, budgeting, and cost control principles including Generally Accepted Accounting Principles
• Knowledge of automated financial and accounting reporting systems
• Strong analytical, mathematical, and advanced excel modeling skills
• Professional written and verbal communication and interpersonal skills
• Understanding of HIPAA and the importance of patient data privacy & compliance
• Commitment to reflect FMI's values: passion, patients, innovation and collaboration.