Baylor Genetics · 3 days ago
Manager, Lab Cost and Finance Accounting
United States
Full-time
Remote
Senior Level
5+ years expBaylor Genetics is a company focused on lab cost and finance management, and they are seeking a Manager for Lab Cost & Finance Accounting. The role involves creating and maintaining lab costing models, providing financial support, and collaborating with teams to enhance financial processes and decision-making.
BiotechnologyHealth Care
Responsibilities
Develops and maintains standards for COGS and various costing templates
Develops and maintains labor, materials, and overhead cost application rates
Develops pricing solutions for the company’s practice groups in conjunction with market trends and profitability goals
Performs detailed financial analysis and creates pricing scenarios in support of the development of pricing alternatives in response to client requests and RFP’s
Develops and documents processes related to pricing and COGS, identifies areas for automation and improvement
Challenges assumptions and seek/support cost improvements in lab, be an active contributor to improvement projects and initiatives, validate and review proposed savings
Partners with lab teams to manage costs and review capital proposals
Pro-actively looks at the impact of historic data on future outcomes
Recommends changes to processes and policies to reduce costs and maximize profit. Establishes key performance indicators (KPIs) to measure the success of pricing strategies
Advises management on appropriate use of cost based financial data modeling
Participates in product planning and pricing. Performs modeling as needed. Works with team(s) to develop new product costing in accordance with costing standards
Leads the quarterly client rate review process, including communicating with commercial operations to identify pricing adjustments, working closely with the billing team to ensure all are updated without delays in billing
Ensures the accuracy of client pricing in the company’s financial system, including verifying pricing requests and required approvals as well as communicating changes to billing coordinators and others
Supports company decision making with accurate costs and financial information
Must have analytical and problem-solving skills, be detailed, and result oriented
Support other ad hoc analysis, projects, or data request
Adheres to Code of Conduct as outlined in the Baylor Genetics Compliance Program
Performs other job-related duties as assigned
Qualification
Required
Bachelor's Degree in Business Management, Finance, Accounting, or related concentration
Minimum of 5-6 years of experience in a financial analytic or cost accounting role, preferably with a healthcare, insurance, laboratory, or related company
Exceptional analytical skills to process large amounts of financial and statistical information
Proven experience in cost analysis, financial analysis, or a related field, with a strong background in cost management or decision support
Ability to take initiative, engage staff, and create change
Excellent in time management - proven ability to work on and manage multiple projects within tight timelines and in a fast-paced growth environment
Must be a self-starter with strong work ethic, desire to learn, attention to detail, and have a dedication to quality
Experience with Microsoft Excel building spreadsheets and utilizing formulas, pivot tables and graphs
Experience with Microsoft PowerPoint updating and creating presentations that explain financial results
Must possess excellent written, presentation, and oral business communication skills
Adaptable to change in a rapidly growing company
Must have analytical and problem-solving skills, be detailed, and result oriented
Preferred
MBA or related certification
NetSuite experience
Company
Baylor Genetics
Baylor Genetics offers a full spectrum of cost-effective, genetic testing, and provides clinically relevant solutions.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Kengo Takishima
Chairman and CEO
Recent News
Company data provided by crunchbase