10+ years of financial and accounting experience in the life sciences/biotechnology industry
Experience with successful IPOs is a plus
BS/BA in accounting or finance, MBA and/or CPA preferred
Strong business acumen with ability to scrutinize and challenge assumptions
Excellent project management and consultative skills
Responsibilities
Collaborate with leadership teams on strategic and financial planning
Partner with various teams to create value maps for portfolio companies
Oversee cash flow planning aligned with financing needs and milestones
Manage annual budgets, monthly forecasts, and long-range plans
Prepare financial materials for board meetings and governance activities
Oversee venture debt strategy and execution across Flagship Lab
Drive high-impact projects typical of rapidly scaling startups
Benefits
Healthcare coverage
Annual incentive program
Retirement benefits
Diverse and inclusive company culture
Opportunities for personal and professional growth
Full Job Description
Position Summary:The VP of Finance at Flagship Labs will serve as a strategic finance partner to a portfolio of early-stage platform companies (pre-Series A through Series B). This individual will advise company leadership on financial strategy while overseeing the day-to-day financial operations of each portfolio company, including month-end closing, cash management, budgeting and forecasting, administrative functions, and technology oversight.
Key Responsibilities:
Collaborate with platform company leadership teams to develop long-term strategic plans, define key milestones, and build detailed financial models and projections
Partner with Pioneering Business Unit (PBU) Leadership, Flagship Labs Leadership, Business Analytics and Pipeline & Product Innovation (P&PI) team to create value maps with potential unlocks for portfolio companies
Oversee cash flow planning in alignment with financing requirements and scientific milestones
Oversee annual budgets, rolling monthly forecasts and long-range plans for responsible portfolio companies in partnership with FP&A.
Prepare financial materials for Board of Directors meetings and other governance meetings. Support corporate governance activities.
Oversee the Venture Debt strategy, execution, and governance across Flagship Lab, ensuring disciplined paydowns, amortization schedules, vehicle drawdowns & extensions and financials reporting.
Partner with the Flagship Facilities team to strategically optimize space allocation across portfolio companies, proactively planning for headcount growth and evolving capital requirements.
Drive high-impact projects typical of rapidly scaling biotechnology startups, including efficient system implementations, standardized processes, and operational process improvements across portfolio companies
Provide ad hoc financial reporting and strategic analysis as needed
Minimum Qualifications:
10+ years of financial and accounting experience in the life sciences / biotechnology industry. Experience in a company that completed a successful IPO is a plus
BS/BA in accounting or finance; MBA and/or CPA preferred
Strong business acumen: proven ability to effectively scrutinize and challenge assumptions and interpret the strategy and priorities of the organization in financial terms
Excellent project management / consultative skills with demonstrated track record and ability to manage competing priorities and stakeholders
Strong presentation skills to deliver succinctly and effectively deliver recommendations to senior leaders and frame complex concepts
#LI-NM1
The salary range for this role is $265,000 - $330,000. Compensation for the role will depend on a number of factors, including a candidate's qualifications, skills, competencies, and experience. Flagship Pioneering currently offers healthcare coverage, annual incentive program, retirement benefits and a broad range of other benefits. Compensation and benefits information is based on Flagship Pioneering's good faith estimate as of the date of publication and may be modified in the future.
About Flagship Pioneering
Flagship Pioneering is a life sciences innovation enterprise that conceives, creates, resources, and develops first-in-category life sciences companies. The firm operates through its Flagship Labs unit, which is a dedicated innovation foundry that invents and launches transformative companies. Flagship Pioneering has created over 100 scientific ventures, resulting in over $34 billion in aggregate value, 500+ issued patents, and more than 50 clinical trials for novel therapeutic agents. The firm's portfolio includes companies in the fields of therapeutics, health technologies, and sustainability. Flagship Pioneering was founded in 2000 and is headquartered in Cambridge, Massachusetts.
