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Director of Project Finance Management

Employer
Cytel - USA
Location
United States;Homeworking
Salary
Competitive
Start date
2 Dec 2021
Closing date
3 Dec 2021

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Discipline
R & D
Hours
Full Time
Contract Type
Permanent
Experience Level
Experienced (non-manager)

Job Details

Cytel provides unrivaled biostatistics and operations research knowledge to our customers in the life sciences industries in the form of both software and services. At Cytel, we work hard to create successful careers with significant professional growth for our employees, as a result of which they work hard to make Cytel successful. Cytel is a place where talent, experience and integrity come together to advance the state of clinical development.

JOB SUMMARY: Reporting to VP of FPA, T he Project Finance Director is expected to establish him/herself as a “co-pilot”, along with the Project Manager (PM), in steering a set of projects to their targeted financial goals (e.g. revenue, profitability, cash flow, etc.). This is done by applying a deep understanding of the project economics and profitability drivers, translating them into operational actions, and proactively advising the PM on how to influence critical operational levers to positively impact project financials. The Finance Director influences Cytel’s business growth and profitability through strategic financial leadership of defined projects, becomes known as the "go-to" person for broader Finance understanding or insight into defined projects and relevant project portfolios. He/she interacts directly with project managers, helps set project and client strategy, supports project decision making, and guides future project decisions based on their impact on project financial performance. He/she will be responsible for establishing and overseeing Project Financial Analysts.

The main success factors of this role include

-Strong business acumen, strong grasp of project operations and their implications for financial performance, and strong analytical and consulting skills.

-Build strong business relationships across all levels of the organization, drive tactical as well as strategic decisions, and become a trusted advisor to a set of diverse and demanding business counterparts (Functional Leads, Project Managers, and Service Line Leads).

-Demonstrate competency in the overall financial management of complex projects and contract types.

-Working independently, will also evaluate and support larger portfolio performance as well as proactively liaise to ensure remediation of any concerns related to customer and/or business units because of overall financial performance of projects and/or portfolio(s).

JOB RESPONSIBILITIES:
  • Provide accurate, transparent, and timely financial and non-financial analysis to support project leadership in project and project portfolio decision making process
  • Clearly articulate financial implications of business decisions / choices, and provide retrospective analysis as well as drive forward looking actions on complex project / contract types at both project and portfolio level
  • For complex projects and/or contract types, facilitate the monthly revenue cycle, including a review of units, forecast, unit prices, and revenue recognition.
  • Ensure appropriate supporting documentation is available and that the forecast is aligned with operational plans.
  • Complete all required variance analyses for the set of projects, with insight.
  • Take full responsibility for execution of financial processes and interpretation of monthly financial and business analysis for defined projects / portfolio.


QUALIFICATIONS:

Education: BA in Finance or Accounting, MBA

Experience: 10 + years of managing a finance team or a team of project analysts within Clinical Research Organization or Project Based Consulting Industry. ASC 606 knowledge a plus.

Skills: • Strong work ethic with a positive, can-do attitude • Independent worker and analytical thinker with ability to conduct research, data analysis and resolve complex problems • Strong presence with the ability to interact with Senior Leadership • Proven ability to multi-task, work under pressure, and meet tight deadline

Cytel Inc. is an Equal Employment / Affirmative Action Employer. Applicants are considered for all positions without regard to race, color, religion, sex, national origin, age, veteran status, disability, sexual orientation, gender identity or expression, or any other characteristics protected by law.

Cytel does not accept referrals from employment businesses and/or employment agencies in respect of the vacancies posted on this site. All employment businesses/agencies are required to contact Cytel’s human resources department to obtain prior written authorization before referring any candidates to Cytel. The obtaining of prior written authorization is a condition precedent to any agreement (verbal or written) between the employment business/ agency and Cytel. In the absence of such written authorization being obtained any actions undertaken by the employment business/agency shall be deemed to have been performed without the consent or contractual agreement of Cytel. Cytel shall therefore not be liable for any fees arising from such actions or any fees arising from any referrals by employment businesses/agencies.

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