Associate Director /Director of Financial Planning & Analysis, Insitro
$175-225k
Plus Annual Performance Bonus Plan & our Equity Incentive Plan
Machine learning drug discovery & development
Open for applications
Machine learning drug discovery & development
201-500 employees
Open for applications
$175-225k
Plus Annual Performance Bonus Plan & our Equity Incentive Plan
201-500 employees
Company mission
To bring better drugs faster to the patients who can benefit most, through machine learning and data at scale.
Role
Who you are
- Bachelor's degree in Business, Finance, Accounting or related field
- 8+ years of relevant work experience in the biotech life sciences sector with a combination of private and public companies
- MBA, CFA, CPA certification or consulting experience highly preferred
- Experience working in Anaplan and Oracle Cloud or equivalent systems
- Exceptional financial modeling (including clinical trial modeling), reporting metrics and presentation in Excel, Thinkcell, G-Sheets and G-Slides
- Excellent communication & strong interpersonal skills
- Excellent project management skills and the ability to collaborate cross-functionally
- Ability to translate data into concrete recommendations and actions
What the job involves
- You will partner with the Accounting Team during the month-end close process to ensure that accrual and expenses are recorded accurately and promptly
- Further, you will partner with Procurement, the Corporate Development and Strategy Team and our Portfolio and Program Management Team to further enhance internal operations and support important decisions regarding cash and portfolio management
- You will work on multiple high impact finance projects for, and in partnership with, insitro's Executive Team and the Finance Leadership Team
- This is an onsite role that will operate 40% remotely
- You will report to the Head of Strategic Finance
- Budget and Forecast Planning
- Lead the annual budget and forecasting process across all departments, inclusive of the latest estimate (LE) re-forecast to refine expectations for the year
- Build models to analyze liquidity, cash concentration and cash forecasting
- Prepare financial budget and results Board presentations
- Prepare financial models to support operational initiatives and contemplated high dollar purchases
- Financial Reporting & Variance Analyses
- Lead and present month-end financial close results deck
- Provide regular reporting and variance analyses to all departments to promote decision-making and alignment to our corporate objectives & identify opportunities for cost efficiencies
- Understand insitro's business model so that Finance's commentary goes beyond numbers and contextualizes data with business outcomes
- Partner with the Accounting Team on close processes around accruals and expenses, project code reporting and department and expense account reclasses
- Prepare monthly headcount tracking and forecasting for executive review
- Collaboration
- Partner with Senior Leadership to evolve our capital allocation strategy and project level planning
- Create build vs. buy analyses for potential external services & CapEx requests
- Participate in special projects
- System Enhancements, Process Improvement & Leadership
- Lead Anaplan system enhancements, issue resolution and cost center manager system access to ensure important partners have access to their dashboards and data to support their decision-making
- Continue to provide analytical support and suggestions regarding the implementation of planning systems and associated outputs; ensure Anaplan continues to meet the needs of our scaling organization
- Review purchase requisitions to ensure budget and financial compliance
- Contribute to continuous process improvements to identify opportunities to streamline and eliminate redundancies
- When applicable, hire and mentor a team to support company growth
- You will join an exciting biotech startup that has long-term stability due to significant funding, while maintaining a culture of innovation. You will work as part of a close-knit team, learn career enhancing skills, and help shape insitro's culture, strategic direction, and overall impact!
Our take
The synthetic biology market is rapidly growing, projected to increase from $10.7B in 2021 to over $74.7B by 2031. This growth is fueled by advances in biotechnology and expanding applications in healthcare, agriculture, and energy.
With these rapid advancements, insitro is seizing the opportunity to lead the way. The company is transforming drug discovery by combining machine learning with high-throughput biology. By using AI, insitro aims to overcome the bottlenecks of traditional methods, driving down costs and enabling the development of more effective treatments.
To help it on its mission, insitro recently secured strategic agreements with Eli Lilly for metabolic disease treatments and it also expanded its leadership in AI/ML. With this, the company is surely set to accelerate drug development, promising a future of faster and more effective treatments for patients.
Freddie
Company Specialist at Welcome to the Jungle
Insights
28% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
Mar 2021
$400m
SERIES C
May 2020
$143m
SERIES B
Total funding: $643m
Company benefits
- Complete Healthcare Coverage: Take your health seriously without worrying about the costs. insitro offers comprehensive coverage with low premiums for you and your family
- Wellness Benefits: Prioritize your well-being beyond medical care. insitro offers a comprehensive range of benefits tailored to support all aspects of wellness
- Mental Health Support: Our generous healthcare plans include access to digital mental health platforms with a range of services for you and your loved ones
- Supportive Time Off Policies: Flexible vacation time, generous paid parental and bereavement leaves, and a year-end shutdown week
- Support for Hybrid Work: Balance work and your personal commitments with in-person, hybrid and remote options based on the team and role. We support you with home office setup reimbursement as well as co-work space stipends for remote workers
- Formal Learning and Training Programs: Partake in formal programs to help you grow and develop, from day 1 onboarding to new manager training to our annual, in vivo week
- Self Development: Annual personal budget for books, external training, and conferences that nurture you professional passions and development interests
- Access to Knowledge Leaders: Engage with in-house and visiting scholars and experts throughout the year at special events designed exclusively for insitrocytes
- Extensive HQ Benefits: Our insitro HQ offers free daily meals via an onsite cafe and coffee shop, a free fitness facility, an onsite childcare center, and free commuter shuttle buses
- Social Connection: get to know your colleagues at our weekly HQ happy hours, celebrations for special cultural events, and casual meet-ups for sports, music, outdoor activities, and more
Company HQ
The East Side, South San Francisco, CA
Leadership
Daphne Koller
(Founder & CEO)Co-founder of engageli and previously Coursera. They also spent a year at CalicoLabs as the Chief Computing Ofificer and over 18 years at Stanford University as a Professor.
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