The Director, Finance Planning and Analysis will develop and manage a corporate planning cycle for Precision BioSciences, including the consolidation, vetting, and preparation of forecasts and budgets. In addition, the position will serve as a business partner to the entire company driving decision support, financial planning, reporting, and analysis. A successful candidate will have the ability to quickly grasp Precisions operations, establish relationships with department heads and finance liaisons, and develop financial models to assist in future planning. The position will also be responsible for oversight of Purchasing, and management of a Finance Manager.
**Please note, Precision BioSciences mandates COVID-19 vaccination of all employees. Accommodations may be made in accordance with applicable law. Essential Duties and Responsibilities Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.
This list contains the major duties and requirements of the job and is not all-inclusive. Incumbent(s) may be expected to perform role-related duties other than those contained in this document.
Financial Planning & Reporting - Develop a corporate planning cycle, including an annual budget process, an annual long-range operating plan, and quarterly forecasts
- Interface with all departments to communicate and execute budgeting & forecasting deliverables including any and all decision support
- Lead the development and management of board presentations for quarterly forecasts and the annual budget
- Conduct a full analysis of the monthly actuals and prepare reports for a variety of stakeholders (executive level and department heads). Lead the variance analysis review with the senior leadership team
- Partner with the Corporate Controller to ensure accurate representation of the forecast and actuals within various planning tools
- Consolidate and analyze information covering all areas of the organization
- Proactively conduct scenario planning to ensure the company has the ability to manage its cash burn to meet the short- and long-term objectives.
- Conduct various ad-hoc analyses
- Partner with portfolio management to lead the development of valuation analytics for key pipeline programs
Analysis/Accounting - Work with the Corporate Controller, Director of Finance, and Finance Liaisons on monthly and quarterly close activities including interpretation of key financial reports and entering, updating, and reconciling certain transactions
- Develop key variance analyses for the Audit Committee
- Work with external auditor and other external consultants to ensure Precision aligns with Generally Accepted Accounting Principles (GAAP); revise processes and procedures maintaining required financial controls
- Become a super user for Precisions ERP system
Employee Management and Development - Demonstrates accountability for team outcomes and develops an environment of accountability in others
- Coaches others to improve, develop, and become more confident in their capabilities
- Pays attention to employee engagement and morale, and seeks out opportunities for improvement
- Effectively balances people needs with strategic and operational business priorities
- Fosters excitement and enthusiasm in employees by appropriately recognizing and rewarding organizational, team, and individual successes
- Effectively addresses complex performance management issues
Qualifications In order to perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- BS in Finance or related field; MBA preferred
- 12+ years of related experience, or equivalent training and experience
- Pre-commercial pharma/biotech industry required
- Knowledge of Microsoft Office including advanced Excel spreadsheet software, and NetSuite (or similar) accounting software
- Ability to work with ERP systems and forecasting tools to retrieve, analyze, and report on all financial data
- Ability to work and communicate effectively in a complex environment while appreciating and respecting cultural and organizational diversity
- Ability to develop relationships with department heads and challenge key assumptions that comprise a forecast and/or plan
- Ability to develop financial models, perform analysis, budgeting and forecasting
- Ability to utilize an ERP system to prepare financial reports and analysis based on actuals and forecasts
- Must be effective and comfortable summarizing information, creating executive-level presentations, and presenting information
- Previous management experience required
Travel Requirements - Little to no travel is required for this position
Location - This is a primarily office-based position associated with the main headquarters in downtown Durham, NC. For the time being, this role will be able to function remotely in accordance with company safety guidelines throughout the duration of the pandemic but is subject to change as needed.
Precision BioSciences, Inc. (Nasdaq: DTIL), is a clinical stage biotechnology company dedicated to improving life (DTIL) with its novel and proprietary ARCUS genome editing platform. This isnt just a statement supporting the products that were developing its a statement that speaks to our collective desire to do our part in improving the lives of those around us. ARCUS is a highly specific and versatile genome editing platform designed with therapeutic safety, delivery, and control in mind. Using ARCUS, Precision is developing allogeneic CAR T and in vivo gene correction therapies for cancer and genetic diseases. Our team includes pioneers in genome editing, leaders in business, and a full staff of talented and committed people who are excited to be a part of medical and scientific breakthroughs. For additional information, please visit www. precisionbiosciences.com
Precision BioSciences actively fosters an inclusive environment to ensure we attract and retain the best talent; we value diversity of life experiences and perspectives; and we encourage innovation in pursuit of our mission. We provide equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, disability, genetic information, marital status, amnesty, or status as a covered veteran in accordance with applicable federal, state and local laws. Precision BioSciences complies with applicable state and local laws governing non-discrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including, but not limited to, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.