JOB DESCRIPTION
This position is a hybrid between managing the financial support of the operational project teams and supporting the financial month-end close through units achieved for revenue recognition, forecasting, and variance analysis.
Essential functions of the job include but are not limited to:
- Manage, mentor, and provide training to the financial analysts in all areas of finance project support
- Design, develop, and implement project financial processes to increase the efficiencies of operations in order to produce accurate and timely reporting in order to achieve the desired results
- Produce monthly comprehensive financial metrics to the CFO and Executive Director of Operational Finance that includes, but not limited to: revenue recognition, forecasting, variance analysis, project utilization vs. project costing, consultant spend analysis, and pass through/vendor spend as compared to budget
- Work with the various intercompany Finance Teams in order to continuously align on the following, but not limited to: project budgets, monthly revenue, backlog, and intercompany agreements
- Support the project teams in all financial areas associated with running a clinical trial
- Assist in the preparation of the monthly invoicing worksheet which is the source document for client invoicing and source of revenue recognition
- Perform variance analysis comparing forecasted revenue to actual revenue in order to identify gaps, changes in scope, etc.
- Review work orders and change order budgets in comparison with actual activities in order to help identify out of scope activities. This includes, but not limited to: client, vendor, and CRO partner agreements
- Perform monthly EVA’s in conjunction with the Project Directors/Project Managers
- Actively participate in the monthly project review meetings and act as the financial lead at the Quarterly Business Reviews (QBRs) with clients
- Provide support to the Executive Director of Operational Finance in the review of contract documents (statements of work and change orders)
- Work with the other members of the Finance Team to ensure the timely reporting of all monthly financial information
- Collaborate with others in Finance to support overall department goals and objectives.
- Responds to inquiries from the CFO and Executive Director of Operational Finance regarding financial results, special reporting requests and ad hoc analyses relating to projects
- Assist in development and implementation of new procedures and features to enhance the workflow and internal controls
REQUIREMENTS
MINIMUM REQUIRED:
- Bachelor’s degree in Accounting/Finance or related business field
- A minimum of eight years’ experience in project finance to include a working knowledge of all project budgets, financial project management support, Earned Value Analysis (“EVA”) analysis, and financial contract review
- Direct experience in working with sponsors
- CRO industry experience
- Occasional travel to sponsor locations for QBR’s and F2F meetings and local travel to the Precisions Office for meetings should be anticipated
Preferred:
- MBA or CPA
- Quick Books
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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.
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Candidates must be legally authorized to work in the country of employment without employer sponsorship.
Skills Required
- Bachelor's degree in Accounting, Finance, or a related business field
- At least eight years of project finance experience
- Working knowledge of project budgets, financial project management support, Earned Value Analysis, and financial contract review
- Direct experience working with sponsors
- CRO industry experience
- MBA or CPA
- QuickBooks experience
What We Do
Precision is the first global precision medicine clinical research services organization, purpose-built to improve the clinical research and development process for new therapeutics. Our novel approach integrates clinical operations excellence, with laboratory expertise, and advanced data sciences to inform every step. This maximizes our clients’ insight into patient biology, delivering more predictable trial outcomes and accelerating clinical development. We apply our expertise to trials at all stages—from early development through approval—with embedded experience in oncology and rare disease. With over 2000 dedicated professionals and 35 offices worldwide, we stand ready to help accelerate life-changing treatments anywhere around the globe.
