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
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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.
