US Head of Finance (Sr. Dir of Finance)
Reports to: US Chief Operating Officer (COO), ITF Therapeutics
The Head of Finance is charged with overseeing the financial strategy and management of the financial organization of this indirect, wholly-owned subsidiary of Italfarmaco, SpA. The Head of Finance serves as a strategic business partner to the President, Board, COO, and leadership team and maintains responsibility for all corporate financial functions, including accounting, AP, Order-to-cash, audit, treasury, investments, financial operations, planning & forecasting, risk management, and tax. He/She is also the primary point of contact and collaboration with ITF Group Central Finance function. The Head of Finance is a highly collaborative member of the ITF team, outward looking, strategically engaged, market sensitive and attuned to the urgency, pace and energy of the Company as it commercializes its rare disease drug.
The Head of Finance is responsible for compliance with both statutory and management reporting obligations ensuring that ITF maintains the highest level of ethics, profitability, financial strength and operating efficiency as the Company deepens the launch of this critically important medicine.
Primary Responsibilities:
- Oversee all aspects of financial planning and reporting including the controller function, accounting, treasury, and tax to ensure compliance with financial reporting standards, shareholder and ITF Group requirements, as well as statutory/legal requirements.
- Lead monthly close, forecasting, and annual planning activities including headcount, operating expense and capital investments by working closely with internal and external partners to support strategic planning and operational decision making.
- Lead the budgeting process including developing, communicating, and driving budget timelines, creating an efficient and effective review structure with Leadership, creating budget templates, creating/maintaining budget roll-up files, and preparing budget deliverables for the Executive Leadership Team.
- Develop policies and programs to reflect the desired standard of performance for the finance function, using both internal staff and external consultants, as appropriate.
- Maintain ITF’s insurance policies and risk management program.
- Serve as the liaison to key vendors including financial institutions, external tax and financial accountants, auditors, and attorneys, as appropriate.
- Oversee cash flow planning and manage cash management goals for the organization.
- Maintain ITF’s investment policy and strategy.
- Improve ITF’s accounting operations including AP, Treasury, Expense Reports and Payroll.
- Partner with Market Access and external parties to understand ITF’s returns, rebates, copay liabilities and other gross-to-net sales adjustments to ensure complete and accurate accruals.
- Partner with legal, European colleagues, and external parties to ensure timely and accurate HCP transparency reporting.
- Partner with Market Access and external parties to review and understand government pricing requirements and reporting.
- Provide accounting oversight and support the monthly / quarterly accounting close for expenses and accruals, including compliance with internal control requirements.
- Provide both operational and strategic financial support to help facilitate decision making.
- Collaborate with functional and department heads to ensure financial information and reporting deliverables are provided in an accurate and timely manner, present key insights or trends that require attention and enable budget owners to manage their budgets.
- Monitor and report ongoing business performance against budgets/forecasts and work with business partners to understand and identify reasons for variances, as well as find offsets to stay within budget targets.
- Drive continuous improvement within the finance organization to streamline processes and improve communication and flow of information to the business.
- Prepare materials for EC and BOD presentations.
- Build business partnerships with European colleagues to improve information sharing, transparency, and collaboration.
- Partner with IT and European colleagues to implement SAP Hana S4.
- Partner with Business Operations on the effective creation and distribution of launch KPIs/Dashboards.
- Able to work from our Concord, MA HQ at least 2-3 days per week, on a hybrid model, this role is not remote eligible so local candidates only please.
Qualifications:
- A minimum of 10-12 years of broad-based financial and business experience in the Life Science industry with an excellent track record of achievement. Candidates with a blend of entrepreneurial and large company experience and a hands-on but strategically big-picture mindset are ideal. Recent small company and pharma commercialization experience is required.
- Prior leadership experience of an FP&A function, with minimum 5+ years in management role, ideally with some exposure to pharma/biotech and clinical trial accounting and forecasting.
- A bachelor’s degree in a relevant discipline is required; a CPA and/or Master’s degree is preferred.
- Thorough understanding of financial statements and the interface between external reporting, management reporting and budgeting/forecasting.
- Prior Big 4/financial accounting experience desired, not required.
- Solid understanding of generally accepted accounting skills (GAAP) and international GAAP variances.
- Strong experience with Gross to net accruals and forecasting.
- Experience with Co-Pay card program accruals and processes.
- Experience with HCP transparency reporting and government pricing calculations.
- Experience maintaining multiple Charts of Accounts, a plus.
- High energy results-oriented leader.
- Excellent organizational and communication skills.
- Hands-on, roll-up-the-sleeves mentality; proactive and driven; strong sense of self-reliance.
If you’re the right fit, please submit your resume or CV using the email link below.
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