Associate Director of Financial Planning & Analysis, Insitro
$185-200k
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
$185-200k
Plus Annual Performance Bonus Plan & our Equity Incentive Plan
201-500 employees
Company mission
To become the first truly data-driven, integrated, drug discovery and development company.
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
As pharmaceuticals become more specialised and complex, the traditional drug discovery process is becoming increasingly expensive and time consuming, taking up to 15 years from beginning to end. Insitro exists to reverse this trend by bringing a tech-first approach to the biopharma industry. By using machine learning to sort through vast amounts of medical data it is able to identify patterns in disease expression and identify targets for treatment.
This approach doesn't eliminate clinical trials but it augments the discovery process by highlighting productive areas of research. Perhaps the most difficut hurdle to overcome for Insitro is cultural: the huge pharmaceutical industry is used to relying on manual research and may have difficulty trusting machine learning guidance. However, this hasn't prevented their solution from being adopted by Gilead in their search for treatements for liver disease. It is also collaborating with Bristol Myers Squibb in ALS and dementia research. Should these partnerships prove successful Insitro stands to really shake up the pharmaceutical industry.
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
- Excellent medical, dental, and vision coverage; insitro pays 100% of premiums for employees
- Excellent mental health and well-being support
- Open vacation policy
- Access to free onsite baristas and cafe with daily lunch and breakfast
- Access to free onsite fitness center
- Commuter benefits
- Paid parental leave
- 401(k) matching
- Flexible work schedule (on site and remote)
- Monthly cell phone & internet stipend
Company HQ
The East Side, South San Francisco, CA
Articles
Leadership
Daphne Koller
(CEO)Co-founder of Engageli and Coursera. Former COO and Calico Labs. Former Professor at Stanford University with a Post Doc in Computer Science from Berkley.
Salary benchmarks
We don't have enough data yet to provide salary benchmarks for this role.
Submit your salary to help other candidates with crowdsourced salary estimates.
Share this job
View 1 more job at Insitro