About the Job The Associate Director, Finance, is the principal financial advisor and partner to the Clinical Business Unit and drives the financial planning, reporting, and analysis process for Foundation Medicine's Clinical Business. The incumbent provides financial decision support on a wide scope of operational and strategic matters impacting the functions' business and financial objectives. The Associate Director manages all areas of financial support, including but not limited to financial reporting and forecasting, business analysis, resource allocation and strategic planning. The position drives the preparation of financial plans and forecasts based on the strategies determined by the senior management team and is responsible for gathering and publishing various financial reporting and analysis including historical, current, and forward-looking financial plans.
Key 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 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. Qualifications Basic Qualifications Bachelor's Degree 8+ years of experience in financial, business, and strategic planning experience with increasing responsibilities Preferred Qualifications 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.
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