Vice President, Business Unit Finance
Company: Precision Medicine Group
Location: Bethesda
Posted on: April 24, 2024
Job Description:
Vice President, Business Unit Finance
at Precision Medicine Group (View all jobs)
Bethesda, MD, USA
This is a remote position
Precision Medicine Group ("Precision") is a high-growth and
established life sciences innovator, founded in 2012 and still led
by a proven entrepreneurial team and backed by leading private
equity investors (Blackstone, TPG, Berkshire Partners). The Company
helps pharmaceutical and life-sciences clients address product
development and commercialization challenges while creating access
to better care for patients around the world. Precision is
comprised of two business platforms, Precision for Medicine and
Precision Value & Health ("PVH"). Precision for Medicine focuses on
research and development initiatives and primarily services
emerging to mid-size innovative biotechnology firms. Precision
Value & Health provides solutions to maximize the commercial
potential of innovative therapeutics for larger biopharma firms as
well as emerging biotech companies. Precision Medicine Group is a
team of over 3,000 employees across 35 offices and laboratories
world-wide.
The Role
Reporting into the EVP Finance & CFO for PVH, the Vice President,
Business Unit Finance Lead will lead the finance function for a
business unit within PV&H. Precision Value & Health is
currently over 1,300 employees and growing rapidly. The business is
organized into three business units:
- Evidence Solutions: consulting and advisory services to develop
the evidence needed to demonstrate commercial value of new
therapeutic treatments
- Data Sciences: technology-enabled and data analytical solutions
for life science companies to develop, plan, and execute targeted
engagement programs
- Engagement Solutions: communication services for translating
evidence into benefits for healthcare providers, patients, payers
and investors
The VP, Business Unit Finance Lead for Engagement Solutions is
responsible for driving business unit
planning/budgeting/forecasting processes, and ensuring the
financial plans meet the expectations of PVH and PMG stakeholders.
The role will operate in a matrix organization with
responsibilities for coordinating and leading client finance,
FP&A and Accounting efforts to meet the business needs of
P&L leadership and other stakeholders.
S/he will be expected to work effectively across the company,
evidenced by strong business partnership with the FP&A,
accounting, sales, marketing, IT, operations, and the business
development functions. This position is expected to challenge and
support the business, increasing PVH's ability to anticipate issues
and identify opportunities, and drive informed data-driven decision
making through diligent financial management. The successful
candidate will be a hands-on, client-first strategic thinker, as
well as strong analytical leader with a proven track record of
success in finance leadership roles.
Key responsibilities
Financial Leadership
Strategy
- Serves as a member of the business unit leadership team and
acts as a strategic partner in the development and management of
the business unit's vision and short/long-term objectives.
- Strategically supports the service line, business unit, segment
and parent teams with organizational goals and objectives.
P&L Management
- Act as a thought partner and support delivering revenue and
EBITDA results in accordance with overall business plan
objectives.
- Provide accurate financial forecasts to management and
contribute strategically to the allocation of resources to ensure
overall profitability of the business unit.
- Communicate risks and opportunities in the forecast and help
mitigate business unit risk to ensure revenue and EBITDA targets
are met.
- Lead the annual budget process and quarterly reforecasting
exercise for your assigned business unit, linking business
strategy, projecting revenue and expense from both a top down and
bottoms up approach, assessing risk and opportunities.
- Partner with the business unit leader to present the monthly
financial results for the business unit with PVH and PMG
leadership.
- Preform ad hoc qualitative and quantitative analysis to drive
and identify key insights and opportunities for P&L and
operational improvement.
- Influence allocation of resources through budgeting, planning,
forecasting and variance analysis in collaboration with corporate
and functional department and other business units.
Project Leadership
- Lead multiple major projects simultaneously from beginning to
end supporting senior business leaders along with providing
expertise and support to other minor initiatives.
- Drive innovative thinking on financial operational and
strategic challenges, problem solving based on own experience and
other's expertise.
- Use deep financial expertise to structure approaches to
projects and ambiguous problems, understand and articulate
potential paths to solutions, and align the right people/resources
against the right workstreams.
- Translate strategies into action plans with clear owners,
timing/milestones, and deliverables.
- Manage and conduct objective analysis/research on current and
emerging market trends, firm competitors, project/staff management,
financial performance, key operating metrics, and other related
topics to inform strategic options and financial performance
improvements.
- Clearly summarize gathered data and facts, develop logical and
complete story lines and presentations, confidently communicate and
present finding to senior management expressing your own opinions
supported by data/facts.
- Provide financial clarity and managerial oversight to ensure
business processes and policies follow GAAP and internal
policies.
- Provide thought leadership in creation and enhancement of key
performance indicators and oversee the institutionalizing and
engraining of KPIs across the finance function.
- Form strong relationships and communication channels across the
organization, fostering a culture of collaboration and partnership
to build and enhance infrastructure, process, and systems.
Business Leadership
- Create and maintain strong relationships within the business
unit, segment, and financial leadership to ensure alignment.
- Coordinate and work with the leaders of Client Finance,
FP&A and Accounting to ensure cross functional support and
alignment.
- Support company continual improvement initiatives, process
standardization, training, and cultural transformation
efforts.
- Adapt to and balance workload in an environment where
priorities change while managing expectations of internal and
external clients through frequent communication and thought
partnership.
- Support efforts to explore system enhancements and other
technology solutions to automate and optimize workflow to eliminate
manual tasks.
Team Leadership and Development
- Participate as a member of the PVH Finance Leadership Team
responsible for driving the PVH Finance strategy, culture,
partnerships, and people development.
- Foster a culture of collaboration, purpose, mutual respect,
client service and accountability.
- Establish a results-oriented management style that measures and
evaluates individual performance against clearly defined
accountable competencies, responsibilities, and objectives.
- Act with empathy and compassion, regularly offering to step in
to help solve other's problems and spread the workload.
- Demonstrate high emotional intelligence to allow him/her/them
to understand interpersonal dynamics or issues, offer the right
solutions and build trust.
- Demonstrate self-awareness and proactively seek opportunities
to improve self, team, and the firm; be responsive to, and
regularly offer 360-degree coaching/feedback.
- Coordinate and enable to the process to oversee regular
performance reviews for relevant staff.
- Foster a high performing and collaborative work environment
setting performance goals, providing guidance, and promoting
continuous learning and development.
- Promote a culture of rigorous and disciplined financial
analysis relying on quantitative data to support business
decisions.
- Ensure sufficient resources, tools and processes are in place
to scale a strong finance team with the right people, process, and
technology.
- Speak with confidence, clarity, and impact; using a range of
interaction styles to probe key issues and influence outcomes.
Leadership / Organizational Development
- Able to articulate a complex task or analysis to individuals at
all levels of the company.
- An exceptional manager and motivator of people and teams who
can build organizational capacity through a combination of proper
organizational structure, hiring, training and recruiting the best
talent available.
- Able to equip client teams with superior tools to support
execution.
Ideal Experience
- 10-15 years of professional experience in finance roles,
including substantial experience in FP&A, and leadership of a
divisional business unit for a company of at least $300 million in
total revenues.
- Undergraduate degree in finance, accounting, or a related
field.
- Advanced business degree a plus, C.P.A. a plus.
- Industry experience in professional services is highly
preferred, with a preference for life sciences, communications, or
consulting.
- Demonstrated experience in building infrastructure and teams,
and driving business results from the finance organization, leading
to measurable improvement in the company's capabilities and
financial performance.
- Demonstrated leadership skills and the ability to effectively
communicate and influence at all levels.
- Thorough understanding of financial regulations, accounting
principles and best practices.
- Strong knowledge of finance processes, systems, and best
practices.
- Excellent leadership, strategic thinking, and problem-solving
skills
- Experience with data visualization tools, e.g., PowerBI,
Tableau, Think-Cell
Other
- Ability to challenge the norms and processes and relentlessly
look for ways to add value and to position the organization for
success.
- Ability to sort through complex issues and
translate/communicate in a clear, concise manner.
- Ability to "roll up his/her sleeves" when necessary to ensure
all deliverables are met, from both a quality and timely
perspective.
- Ability to persuade others and achieve excellence and to foster
an environment of openness and teamwork.
- A passionate, high-energy leader and builder, capable of
driving speed and discipline throughout the organization.
- A willingness to work hard to integrate into the company, earn
respect and build a reputation for achievements - a trustworthy
team player.
- "Unflappable" executive presence and the ability to remain
"calm under fire."
- Strong organizational and leadership skills with the ability to
attract, retain and develop exceptional finance talent.
Precision is required by law in some states or cities to include a
reasonable estimate of the compensation range for this role. This
compensation range takes into account the wide range of factors
that are considered in making compensation decisions including but
not limited to: skill sets, experience and training, licensure and
certifications, and other business and organizational needs. The
disclosed range estimate has not been adjusted for the applicable
geographic differential associated with the location at which the
position may be filled. At Precision, it is not typical for an
individual to be hired at or near the top of the range for their
role and compensation decisions are dependent on the facts and
circumstances of each case. This role is also eligible for a
discretionary annual bonus, health insurance, retirement savings
benefits, life insurance and disability benefits, parental leave,
and paid time off for sick leave and vacation, among other
benefits.
Reasonable estimate of the current range
$145,000 - $215,000 USD
Any data provided as a part of this application will be stored in
accordance with our Privacy Policy. For CA applicants, please also
refer to our CA Privacy Notice .
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. - 2020 Precision Medicine Group, LLC
If you are an individual with a disability and require a reasonable
accommodation to complete any part of the application process or
are limited in the ability or unable to access or use this online
application process and need an alternative method for applying,
you may contact Precision Medicine Group at
QuestionForHR@precisionmedicinegrp.com .
Keywords: Precision Medicine Group, Leesburg , Vice President, Business Unit Finance, Accounting, Auditing , Bethesda, Virginia
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