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Foundation Medicine · 19 hours ago

Associate Director, Finance

United States

Full-time

Remote

Senior Level, Lead/Staff, Director/Executive

$140K/yr - $174K/yr

8+ years exp

Foundation Medicine is a clinical genomics company that drives the financial planning, reporting, and analysis process for its Clinical Business. The Associate Director, Clinical Finance acts as the principal financial advisor, providing decision support on operational and strategic matters to meet the business's financial objectives.

BiotechnologyGeneticsHealth CareMedical

Comp. & Benefits

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). These metrics should allow for the measurement of progress on programs that are consistent with the business strategic direction. Ensures the appropriate financial metrics and reports, and related insights, are provided to operating management on a timely basis

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 Foundation Medicine’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

Qualification

Financial planningForecastingBusiness analysisFinancial reportingAccounting knowledgeAdvanced Excel modelingStrategic planningInterpersonal skillsCommunication skillsTeam collaborationProblem-solvingTime management

Required

Bachelor's Degree

8+ years of experience in financial, business, and strategic planning experience with increasing responsibilities

Preferred

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

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 Foundation Medicine's values: Integrity, Courage, Passion