Financial Controller
Precision Life Sciences - princeton, NJ
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Job Description: Financial Controller Purpose: We are seeking an exceptional Director / Group Controller, BD & M&A to create risk-based governance frameworks to handle complex and unique business activities and issues; Lead benchmarking or process improvement initiatives to improve controls and engage in financial analysis. This role will report to the Head of Finance for North America with a hybrid work schedule (3 days in Princeton, NJ and 2 days remote). Responsibilities: • Oversee accounting standards selected and implemented by the organization. • Identify potential issues associated with proposed accounting and reporting rules. • Design receivables and payables processes and relevant strategies according to best practices. • Produce guidelines and policy for accounting operations; formulate risk mitigation strategies for bad debts. • Strategically lead implementation of the design and function of the organization's chart of accounts according to best practice. • Implement efficient process changes consistent with best practices; create a corporate culture of compliance and shared accountability. • Interpret material, labor, variable/fixed overhead and associated variances. • Apply various costing methods such as standard, marginal and absorption methods and explain corresponding advantages and disadvantages. • Participate in waste elimination efforts with the business to understand key drivers and cost-reduction opportunities. • Manage cost challenge processes and work closely with the business to ensure key performance indicators are measuring the right metrics. • Provide critical inputs to the business planning and expenditure forecasting processes; innovate to enhance the business impact of target setting, planning and budgeting. • Set and define the framework for BU goals and objectives; lead organization-wide strategy, planning, design and implementation work. • Interpret and make effective management decisions using benchmarking, trends and other planning and forecasting methods; develop and implement improvements to the planning processes. • Evaluate and appraise large and complex investments, capital expenditures and financing projects. • Review outputs of financial and cash flow analyses to develop views and guide management; resolve significant reporting variances or recommend corrective actions where needed. • Approve and present financial statements and analysis to executive management and provide recommendations for improvements. • Assess cutting-edge developments in quantitative analysis and incorporate relevant developments into the organization's methodologies. • Lead all BD/MA and Divestiture activities from a Finance perspective. This includes In and Out licensing activities. Prep summary recommendations to Head of Finance and Global CFO. • Develop a taxonomy of intangible value and their drivers to underpin valuation of intangible assets. • Lead benchmarking or process improvement initiatives to improve controls. • Responsible for risk governance strategy, creating framework for proactive identification and mitigation Identify opportunities for synergy and integration of processes and influence others to identify more efficient sustainable processes • Set demanding and realistic targets for process improvement and ensure changes to existing processes are carried out in a systematic and logical way. • Identify projects that drive value creation and align them to organizational strategies. • Champion projects that have broad implications across the organization by aligning and influencing all key stakeholders. • Lead cross-functional business initiatives and encourage team to cultivate relationships across the business. • Critically evaluate credibility and reliability of sources of data, information, and digital content. • Use digital tools to create knowledge and to innovate processes and products. • Demonstrate an understanding of and ability to perform statistical hypothesis testing. • Plan, design, implement, analytics and create interactive dashboards as an approach to provide solution for business specific issues Qualifications / Skills: • 6-12years of relevant working experience and across varied Finance Roles. • At least 3-4 years of exposure in GFRT. • Exposure to budgeting, forecasting, accounting standards and compliance regulations. • Exposure to Pharma industry. • Bachelor's/Master's degree in Accounting, CPA preferred. • Experience in Handling varied stakeholder and third party vendors.
Created: 2024-10-09