Vice President, Consolidated FP&A
Company: Precision Medicine Group
Location: Bethesda
Posted on: April 25, 2024
Job Description:
Vice President, Consolidated FP&A
at Precision Medicine Group (View all jobs)
Bethesda, MD, USA
This is a remote position
Precision Medicine Group ("Precision") is a high-growth and
established life sciences innovator, founded in 2012 and still led
by a proven entrepreneurial team and backed by leading private
equity investors (Blackstone, TPG, Berkshire Partners). The Company
helps pharmaceutical and life-sciences clients address product
development and commercialization challenges while creating access
to better care for patients around the world. Precision is
comprised of two business platforms, Precision for Medicine and
Precision Value & Health ("PVH"). Precision for Medicine focuses on
research and development initiatives and primarily services
emerging to mid-size innovative biotechnology firms. Precision
Value & Health provides solutions to maximize the commercial
potential of innovative therapeutics for larger biopharma firms as
well as emerging biotech companies. Precision Medicine Group is a
team of over 3,000 employees across 35 offices and laboratories
world-wide.
The Role
Reporting into the EVP Finance & CFO for PVH, the Vice President of
FP&A will lead the FP&A functions across the organization.
Precision Value & Health is currently over 1,300 employees and
growing rapidly. The business is organized into three service
lines:
- Evidence Solutions: consulting and advisory services to develop
the evidence needed to demonstrate commercial value of new
therapeutic treatments
- Data Sciences: technology-enabled and data analytical solutions
for life science companies to develop, plan, and execute targeted
engagement programs
- Engagement Solutions: communication services for translating
evidence into benefits for healthcare providers, patients, payers
and investors
The VP of FP&A role is responsible for optimizing the
budgeting, planning and analytical decision support capabilities of
the finance organization and broader enterprise. S/he will be
expected to work effectively across the company, evidenced by
strong business partnership with sales, marketing, IT, operations,
and the business development functions. This person will serve as a
strategic thought partner and change agent, enabling business
strategy and value creation. This position is expected to challenge
and support the business, increasing PVH's ability to anticipate
issues and identify opportunities, and drive informed data-driven
decision making through diligent financial management. The
successful candidate will be a hands-on, strategic thinker, as well
as strong analytical leader with a proven track record of success
in finance leadership roles.
Key responsibilities
- Play a leading role supporting the CFO, President, COO and Head
of Business Development to lead and build a best-in-class FP&A
organization, ensuring a complete and comprehensive planning and
analysis process.
- Build trusted relationships with the C-Suite to identify and
provide counsel on key opportunities and risks across the
organization, as identified through a comprehensive and
impact-oriented FP&A process.
- Prepare management reports for the C-Suite and other top
executives to monitor ongoing performance against financial goals.
Lead periodic planning meetings with key executives. Interpret the
business implications behind analyses of quantitative data and
communicate those implications to relevant business leaders. Ensure
follow through with implementation of decisions.
- Lead financial, quarterly and long-range planning, business
performance analysis, and analytics across the company. Enhance and
maintain an enterprise-wide long-term strategic plan. Enhance the
annual financial planning process that includes key financial
criteria and strategic objectives as well as operating financial
plans (e.g., dashboards).
- Build and maintain models to forecast and evaluate financial
performance, pricing and staffing considerations, and capital
expenditure opportunities.
- Provide thought leadership in creation and enhancement of key
performance indicators and oversee the institutionalizing and
engraining of KPIs across the organization.
- Form strong relationships and communication channels across the
organization, fostering a culture of collaboration and partnership
to build and enhance infrastructure, process and systems.
- Promote a culture of rigorous and disciplined financial
analysis relying on quantitative data to support business
decisions.
- Develop and build, along with the CFO and fellow members of the
executive finance team, an FP&A organization recognized as a
business partner across the PVH organization. Ensure sufficient
resources, tools and processes are in place to scale a world-class
team with the right people, process, and technology.
Desired Outcomes
- Build a best-in-class FP&A organization and planning
processes that enable a comprehensive planning and analysis
function that delivers on C-Suite, board and investor
expectations.
- Build trusted and advisory partnerships with the C-Suite and
key business leaders, enabling an analytically driven planning
process as well as deeper insights to inform strategy and business
decisions.
- Integrate effectively with the broader finance organization,
impacting and furthering PVH's results-oriented and high impact
client service culture.
Candidate Profile
- The ideal candidate brings best in class finance leadership
experience in a large-scale, complex company with international
operations. S/he must be an established finance leader experienced
at driving business impact by building and optimizing the FP&A
function.
- This finance executive must have a quality first, growth
orientation with the ability to develop strongly aligned
relationships within C-Suite and business leaders while delivering
on competitive and aggressive goals and objectives.
- We seek an exceptional operations-oriented FP&A leader with
strong business acumen and influencing skills.
- The company's results-oriented culture requires drive, high
energy, a people-focused entrepreneurial spirit, collaboration, and
a highly analytical intellect to be successful.
- Qualified candidates will have demonstrated experience in high
growth and evolving business of scale and complexity professional
services in the biotech/pharma-based industries.
Ideal Experience
- 10-15 years of professional experience in finance roles,
including substantial experience in FP&A, and leadership of an
overall FP&A function or divisional business unit for a company
of at least $300 million in total revenues.
- Undergraduate degree in finance and/or accounting required
- Advanced business degree a plus, C.P.A. a plus.
- Prior experience in investment banking, finance, public
accounting, or strategy/management consulting a plus.
- Industry experience in professional services is highly
preferred, with a preference for life sciences, communications, or
consulting.
- Demonstrated experience in building infrastructure and teams,
and driving business results from the finance organization, leading
to measurable improvement in the company's capabilities and
financial performance.
Leadership Capabilities
Finance Acumen
- Strong analytical and financial modeling skills.
- Able to distill complex and voluminous data into clear,
actionable reports and to apply business judgment to identify and
communicate implications and insights for the business.
- Skilled at developing performance metrics, financial analysis,
and financial reports and plans that guide decision making on a
weekly, monthly, yearly and medium to long-term (3-5 year)
basis.
- An executive who draws on his or her business experience and
finance acumen to develop insights about key metrics and business
drivers that drive performance.
- Adapt to a financial organization that is focused on
optimization of people, processes and technologies to scale with
PVH's growth while continuing to execute on all deliverables along
the way.
Driving Results / Strategic Business Partner
- A strategic mindset and an ability to think several steps
ahead.
- Commercial instincts and passion for driving value and
profits.
- An operating mindset and an ability to earn the respect and
trust of operating managers across the organization.
- Uses a proactive and constructive style of engagement with
business leaders to earn credibility as a finance partner who adds
value and helps drive business results.
- Experience supporting high growth is a plus, as well as
evaluation of new ventures/acquisitions.
Leadership / Organizational Development
- Able to articulate a complex task or analysis to individuals at
all levels of the company.
- An exceptional manager and motivator of people and teams who
can build organizational capacity through a combination of proper
organizational structure, hiring, training and recruiting the best
talent available.
- Equipping the FP&A teams with superior tools to support
execution.
Other
- Highly intelligent with extreme analytical horsepower and
accomplished, yet low/no ego.
- Ability to challenge the norms and processes and relentlessly
look for ways to add value and to position the organization for
success.
- Ability to sort through complex issues and
translate/communicate in a clear, concise manner.
- Ability to "roll up his/her sleeves" when necessary to ensure
all deliverables are met, from both a quality and timely
perspective.
- Ability to persuade others and achieve excellence and to foster
an environment of openness and teamwork.
- A passionate, high-energy leader and builder, capable of
driving speed and discipline throughout the organization.
- A willingness to work hard to integrate into the company, earn
respect and build a reputation for achievements - a trustworthy
team player.
- "Unflappable" executive presence and the ability to remain
"calm under fire."
- Strong organizational and leadership skills with the ability to
attract, retain and develop exceptional finance talent.
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
$145,000 - $215,000 USD
Any data provided as a part of this application will be stored in
accordance with our Privacy Policy. For CA applicants, please also
refer to our CA Privacy Notice .
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. - 2020 Precision Medicine Group, LLC
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
QuestionForHR@precisionmedicinegrp.com .
Keywords: Precision Medicine Group, North Bethesda , Vice President, Consolidated FP&A, Accounting, Auditing , Bethesda, Maryland
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