Candidates with project finance experience in the CRO industry and strong cross-functional collaboration skills will find this hybrid operational finance role suitable.
Derived from job-description analysis by Serendipath's career intelligence engine.
Original posting from Precision for Medicine via Greenhouse
JOB DESCRIPTION
This position is a hybrid between managing the financial support of the operational project teams and supporting the financial month-end close through units achieved for revenue recognition, forecasting, and variance analysis.
Essential functions of the job include but are not limited to:
Manage, mentor, and provide training to the financial analysts in all areas of finance project support
Design, develop, and implement project financial processes to increase the efficiencies of operations in order to produce accurate and timely reporting in order to achieve the desired results
Produce monthly comprehensive financial metrics to the CFO and Executive Director of Operational Finance that includes, but not limited to: revenue recognition, forecasting, variance analysis, project utilization vs. project costing, consultant spend analysis, and pass through/vendor spend as compared to budget
Work with the various intercompany Finance Teams in order to continuously align on the following, but not limited to: project budgets, monthly revenue, backlog, and intercompany agreements
Support the project teams in all financial areas associated with running a clinical trial
Assist in the preparation of the monthly invoicing worksheet which is the source document for client invoicing and source of revenue recognition
Perform variance analysis comparing forecasted revenue to actual revenue in order to identify gaps, changes in scope, etc.
Review work orders and change order budgets in comparison with actual activities in order to help identify out of scope activities. This includes, but not limited to: client, vendor, and CRO partner agreements
Perform monthly EVA’s in conjunction with the Project Directors/Project Managers
Actively participate in the monthly project review meetings and act as the financial lead at the Quarterly Business Reviews (QBRs) with clients
Provide support to the Executive Director of Operational Finance in the review of contract documents (statements of work and change orders)
Work with the other members of the Finance Team to ensure the timely reporting of all monthly financial information
Collaborate with others in Finance to support overall department goals and objectives.
Responds to inquiries from the CFO and Executive Director of Operational Finance regarding financial results, special reporting requests and ad hoc analyses relating to projects
Assist in development and implementation of new procedures and features to enhance the workflow and internal controls
REQUIREMENTS
MINIMUM REQUIRED:
Bachelor’s degree in Accounting/Finance or related business field
A minimum of eight years’ experience in project finance to include a working knowledge of all project budgets, financial project management support, Earned Value Analysis (“EVA”) analysis, and financial contract review
Direct experience in working with sponsors
CRO industry experience
Occasional travel to sponsor locations for QBR’s and F2F meetings and local travel to the Precisions Office for meetings should be anticipated
Preferred:
MBA or CPA
Quick Books
Precision is required by law in some states or cities to include a reasonable estimate of the compensation range for this role. This compensation range takes into account the wide range of factors that are considered in making compensation decisions including but not limited to: skill sets, experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. At Precision, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. This role is also eligible for a discretionary annual bonus, health insurance, retirement savings benefits, life insurance and disability benefits, parental leave, and paid time off for sick leave and vacation, among other benefits.Reasonable estimate of the current range$135,000—$160,000 USD
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