Principal Financial Analyst

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November 3

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Precision Medicine Group

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Biotechnology • Healthcare Insurance • Pharmaceuticals

Precision Medicine Group is a global team of experts that specializes in precision medicine, which combines advanced lab sciences, translational informatics, regulatory affairs, payer insights, and marketing communications. The company focuses on overcoming product development and commercialization challenges for pharmaceutical and life sciences clients. Their services include biomarker-driven research and development, as well as commercialization support for life science organizations from launch to product maturity. Precision Medicine Group operates through two main arms: Precision for Medicine and Precision AQ, specializing in clinical and commercial solutions respectively.

1001 - 5000 employees

Founded 2012

🧬 Biotechnology

⚕️ Healthcare Insurance

💊 Pharmaceuticals

💰 $35.2M Venture Round on 2021-03

📋 Description

• Lead project financials throughout the project lifecycle, ensuring adherence to financial best practices and project profitability goals. • Perform comprehensive portfolio analysis, leveraging data insights to optimize financial strategies. • Monitor accounts receivable and proactively address issues to ensure timely payments and optimal budget health. • Skillfully manage change orders, providing strategic guidance for effective financial impact assessment. • Financially contribute to work orders, change orders, and vendor agreements by reviewing financial language and negotiating with 3rd parties as applicable. • Play a pivotal role in revenue forecasting, utilizing financial models and data analysis for accurate projections. • Facilitate the preparation of the monthly invoicing cycle in conjunction with the Project Manager via the ERP System which is the source document for client invoicing and source of revenue recognition. • Collaborate with cross-functional teams to develop and implement financial strategies aligned with project goals. • Assist with special financial projects, including complex financial modeling and analysis. • Support financial audits, ensuring compliance and accuracy in financial reporting. • Work with the Accounting Team monthly in support of the financial close. • Represent the department in all areas of project finance, fostering collaboration and providing financial expertise. • Assigned the most complex global studies which require extensive financial preparation, leading client meetings, provide accruals, forecasting, etc. • Responsible for preparing and leading Sponsor, Vendor, and cross functional calls such as QBR’s, financial discussions and negotiation of financial contract language calls. • Management of the financial change order process for assigned studies including reviewing change orders financially for other financial analysts. • Contribute to the professional development of the team by training and mentoring other financial analysts. • Collaborate with others in Finance to support overall department goals and objectives. • Respond to inquiries from the CFO and VP, Operational Finance regarding financial results, special reporting requests and ad hoc analyses relating to projects. • Assist in the development and implementation of new procedures and features to enhance the workflow and internal controls

🎯 Requirements

• Degree in Accounting/Finance or related business field. • Minimum of 15 years of related experience with a degree; or 12 years and a master’s degree/post graduate degree or CPA/equivalent; or a PhD with 8 years’ experience or equivalent experience. • Working knowledge of all areas of the accounting cycle, project budgets, financial project management, project profitability, and financial contract review with the ability to connect the dots across the organization. • Experience in the CRO industry required. • 5%-10% travel as required to clients and/or offices.

🏖️ Benefits

• Discretionary annual bonus • Health insurance • Retirement savings benefits • Life insurance and disability benefits • Parental leave • Paid time off for sick leave and vacation