Sr. Financial Analyst - R&D
Newly created position for a Sr. Financial Analyst to support the financial planning and accounting activities tied to clinical operation for a growing biotech company. This position works closely with Clinical Operations and will managing complex clinical accounting and clinical trial budgets and financial forecasts.
Responsibilities:
-Lead the financial oversight of clinical studies by building budgets, updating forecasts, and analyzing spending trends across active programs.
- Create and maintain financial models that reflect enrollment assumptions, site activation timelines, monitoring needs, and study closeout costs.
- Clinical trial budgets, forecasting, expense tracking, CRO/vendor financial management, and clinical program financial modeling.
- Clinical accruals, monthly close support, invoicing and reconciliations, and financial reporting accuracy. -Provide strategic FP&A and business partnership for long-range planning, scenario modeling, executive reporting, and financial support for clinical operations decisions. -Manage clinical trial accounting across multiple studies and trials that tracks and analyzes expenses with clinical research organizations (CROs), clinical sites, third party vendors -Ensure accurate monthly clinical expense accruals and financial reporting in accordance with U.S. GAAP
- Direct accrual calculations and support month-end activities by preparing reconciliations and ensuring clinical expenses are recorded accurately.
- Review study-related expenditures against approved budgets, vendor agreements, and milestone expectations to confirm appropriate cost tracking.
- Track key indicators related to enrollment, site activity, and overall trial spend to improve visibility into financial performance.
- Prepare recurring and ad hoc reporting for leadership, including scenario analysis and forward-looking insights to support strategic planning.
- Identify opportunities to improve efficiency, reduce avoidable costs, and strengthen financial processes connected to clinical development.
- Contribute to long-range planning efforts by modeling different operational and financial scenarios across the development portfolio.
-Bachelor’s degree in Finance, Accounting -Experience in BOTH accounting and financial analysis for the clinical trials, supporting the clinical operations teams in addition to finance -10+ years of experience supporting clinical operations within the medical device, biotechnology industry or pharmaceutical industry -Strong understanding of clinical trial operations, CRO contracts, clinical site payments and vendor cost structures -Demonstrated experience managing complex clinical trial budgets and financial forecasts -Advanced Microsoft Excel skills, including complex financial modeling, scenario analysis and forecasting -Experience with NetSuite is preferred