Manager, Lab Cost and Finance Accounting

The Manager, Lab Cost & Finance will be responsible for creating and maintaining lab costing model(s) and providing financial support to organizational teams. Actively supports FP&A or other lab team members on projects as needed or requested. Work as a contributing member of a highly functioning remote FP&A team.

QUALIFICATIONS:

Education:

Required: Bachelor's Degree in Business Management, Finance, Accounting, or related concentration; MBA or related certification preferred.

Experience:

Required:

• Minimum of 5-6 years of experience in a financial analytic or cost accounting role, preferably with a healthcare, insurance, laboratory, or related company.
• Exceptional analytical skills to process large amounts of financial and statistical information.
• Proven experience in cost analysis, financial analysis, or a related field, with a strong background in cost management or decision support.
• Ability to take initiative, engage staff, and create change.
• Excellent in time management - proven ability to work on and manage multiple projects within tight timelines and in a fast-paced growth environment.
• Must be a self-starter with strong work ethic, desire to learn, attention to detail, and have a dedication to quality.
• Experience with Microsoft Excel building spreadsheets and utilizing formulas, pivot tables and graphs.
• Experience with Microsoft PowerPoint updating and creating presentations that explain financial results.
• NetSuite experience, preferred.
• Must possess excellent written, presentation, and oral business communication skills.
• Adaptable to change in a rapidly growing company.

DUTIES AND RESPONSIBILITIES:

• Develops and maintains standards for COGS and various costing templates.
• Develops and maintains labor, materials, and overhead cost application rates.
• Develops pricing solutions for the company’s practice groups in conjunction with market trends and profitability goals.
• Performs detailed financial analysis and creates pricing scenarios in support of the development of pricing alternatives in response to client requests and RFP’s.
• Develops and documents processes related to pricing and COGS, identifies areas for automation and improvement.
• Challenges assumptions and seek/support cost improvements in lab, be an active contributor to improvement projects and initiatives, validate and review proposed savings.
• Partners with lab teams to manage costs and review capital proposals.
• Pro-actively looks at the impact of historic data on future outcomes.
• Recommends changes to processes and policies to reduce costs and maximize profit. Establishes key performance indicators (KPIs) to measure the success of pricing strategies.
• Advises management on appropriate use of cost based financial data modeling.
• Participates in product planning and pricing. Performs modeling as needed. Works with team(s) to develop new product costing in accordance with costing standards.
• Leads the quarterly client rate review process, including communicating with commercial operations to identify pricing adjustments, working closely with the billing team to ensure all are updated without delays in billing.
• Ensures the accuracy of client pricing in the company’s financial system, including verifying pricing requests and required approvals as well as communicating changes to billing coordinators and others.
• Supports company decision making with accurate costs and financial information.
• Must have analytical and problem-solving skills, be detailed, and result oriented.
• Support other ad hoc analysis, projects, or data request.
• Adheres to Code of Conduct as outlined in the Baylor Genetics Compliance Program.
• Performs other job-related duties as assigned.

PHYSICAL DEMANDS AND WORK ENVIRONMENT:

• Remote work role
• Frequently required to sit
• Frequently required to stand
• Frequently required to utilize hand and finger dexterity
• Frequently required to talk or hear
• Frequently required to utilize visual acuity to operate equipment, read technical information, and/or use a keyboard

EEO Statement:

Baylor Genetics is proud to be an equal opportunity employer dedicated to building an inclusive and diverse workforce. We do not discriminate based on race, religion, color, national origin, sex, sexual orientation, age, gender identity, veteran status, disability, genetic information, pregnancy, childbirth, or related medical conditions, or any other status protected under applicable federal, state, or local laws.

Note to Recruiters:

We value building direct relationships with our candidates and prefer to manage our hiring process internally. While we occasionally partner with select recruitment agencies for specialized roles, we do not accept unsolicited resumes from recruiters or agencies without a written agreement executed by the authorized signatory for Baylor Genetics ("Agreement"). Any resumes submitted to Baylor Genetics in the absence of an Agreement executed by Baylor Genetics' authorized signatory, will be considered the property of Baylor Genetics, and Baylor Genetics will not be obligated to pay any associated recruitment fees.

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.