Sr Manager, Operational Finance

precisionmedicinegroup; United States; Hybrid; USD 135,000 - 160,000; Full time

Benefits offered by this job

Annual bonus

Health insurance

Retirement savings

Life insurance

Disability benefits

Parental leave

Paid time off

Job summary

Precision Medicine Group seeks a senior finance professional to oversee financial project support and lead the month-end close related to revenue recognition, forecasting, and EVA. You will mentor analysts, design efficient processes, and partner with intercompany teams to align budgets and revenue.

The role also covers invoicing worksheets for client billing, variance analysis, and support of clinical trial finances, with a discretionary bonus and comprehensive benefits.

Qualifications

• Bachelor's degree in Accounting/Finance or related field.
• Eight years of project finance experience including EVA, budgets, and financial contract review.
• Experience with sponsors and CRO industry.

Responsibilities

• Lead and mentor financial analysts in finance project support.
• Design, develop, and implement project financial processes to improve reporting efficiency.
• Produce monthly financial metrics: revenue recognition, forecasting, variance analysis, project utilization vs costing, consultant/vendor spend vs budget.
• Collaborate with intercompany Finance Teams on budgets, monthly revenue, backlog, and intercompany agreements.
• Support project teams in all financial aspects of running a clinical trial.
• Prepare monthly invoicing worksheet for client invoicing and revenue recognition.

Skills

Earned Value Analysis

Project budgets

Financial contract review

Sponsor experience

CRO industry experience

Education

Bachelor's degree in Accounting/Finance or related business field

MBA or CPA (preferred)

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
$135,000 - $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.

If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process or are limited in the ability or unable to access or use this online application process and need an alternative method for applying, you may contact Precision Medicine Group at [e-mail] .