Senior Manager, Operational Finance - Clinical Trials

Precision Medicine Group; United States; Hybrid; USD 121,000 - 160,000; Full time

Benefits offered by this job

Discretionary bonus

Health insurance

Retirement benefits

Life insurance and disability benefits

Parental leave

PTO and vacation

Job summary

Precision Medicine Group is seeking a senior finance professional to manage financial support for operational project teams and assist the month-end close, revenue recognition, and forecasting.

The role requires eight+ years in project finance (EVA), CRO industry experience, and the ability to travel to sponsor locations and the Precision Office for meetings.

Qualifications

• Bachelor’s degree in Accounting/Finance or related field.
• Minimum eight years’ experience in project finance with EVA and contract review.
• Direct experience with sponsors and CRO industry experience.
• Willingness to travel to sponsor locations and Precisions Office.

Responsibilities

• Manage, mentor, and train financial analysts on project support.
• Design and implement project financial processes for accurate reporting.
• Produce monthly metrics for CFO and Executive Director of Operational Finance.
• Lead EVA and variance analyses for revenue and budgets.
• Support intercompany finance teams on budgets, revenue, and agreements.
• Assist in monthly invoicing worksheet preparation and revenue recognition.
• Lead financial review at QBRs and client meetings.

Skills

Project finance

Earned Value Analysis

Budget management

Financial reporting

Sponsor liaison

Travel readiness

Education

Bachelor’s degree in Accounting/Finance

MBA

Tools

QuickBooks

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

$121,000 - $160,000 USD

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Precision Medicine Group is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, age, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or other characteristics protected by law.

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Candidates must be legally authorized to work in the country of employment without employer sponsorship.

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