Manager of Finance Operations, COMPASS Pathways
$120-155k
Salary applicable for NY based candidates, may vary in other locations + Eligible for additional discretionary bonuses and equity
More information about location
Biotech accelerating patient access to evidence-based innovation in mental health
Open for applications
Biotech accelerating patient access to evidence-based innovation in mental health
201-500 employees
Open for applications
$120-155k
Salary applicable for NY based candidates, may vary in other locations + Eligible for additional discretionary bonuses and equity
More information about location
201-500 employees
Company mission
To accelerate patient access and experience to evidence-based innovation in mental health care, to achieve a vision of a world of mental wellbeing.
Role
Who you are
- Proven experience in Accounts Payable and Accounts Receivable within a multi-entity or international Biotech
- Strong understanding of transactional finance processes, controls and reconciliations
- Experience supporting month-end close and balance sheet accounts
- Confident managing invoice queries, payment issues and customer account matters
- Experience with supplier onboarding, collections and cash application
- Demonstrated ability to improve processes and support automation initiatives
- Strong stakeholder management and communication skills
- Experience managing or mentoring team members is a plus
- Exposure to NetSuite, Concur, or Workiva is advantageous
- Experience in a fast-paced, regulated, or high growth environment is preferred
- Committed to Compass’s ethos and values
- Highly prefer prior life sciences industry experience
What the job involves
- The Manager, Finance Operations will lead the day-to-day management, optimization, and control of Accounts Payable (AP) and Accounts Receivable (AR) activities across Compass Pathways' UK and US operations
- This role plays a key part in ensuring accurate, timely, and compliant transaction processing, while supporting strong working capital discipline and scalable finance operations in a growing international biotech company
- Working closely with the wider Finance team and cross-functional stakeholders, you will combine hands-on operational ownership with process improvement, controls, and team development in line with Compass' culture and values
- Reports to: Director, Financial Controller
- Lead the end-to-end Accounts Payable and Accounts Receivable processes across the business, ensuring transactions are processed accurately, efficiently, and in line with agreed timelines
- Oversee supplier onboarding, CLM to ERP reconciliations, 3PL management, invoice processing, payment runs, and employee expense reimbursement workflows
- Ensure compliance with US and UK laws and regulations surrounding vendors and customers, with specific reference to DCSCA and Sunshine Act Reporting
- Manage customer invoicing, cash application, collections, and the resolution of overdue balances across UK and US operations
- Own AP and AR close activities, including aging reviews, balance sheet reconciliations, and investigation of outstanding items
- Partner with budget owners and stakeholders to resolve supplier queries, payment issues, customer account matters, and process gaps in a timely manner
- Maintain and continuously improve Purchase to Pay and Order to Cash controls, including Delegation of Authority governance
- Drive process improvements and automation opportunities across transactional finance, leveraging systems such as NetSuite, Concur, Workday Adaptive, and Workiva where relevant
- Build, coach, and develop AP and AR capability as the organization grows, supporting scalable processes in a fast-moving, regulated environment
- Contribute to broader finance initiatives including systems enhancement, process harmonization, policy development, and ad hoc analysis as required
Our take
There’s been a major movement towards treating mental health issues with psychedelics over the last few years. While the vast majority of this work is still in R&D and clinical trials, the space has become awash with capital investment, with a handful of companies even going public.
COMPASS Pathways is one of those to go public, along with MindMed in 2020. The company is developing methods for treating depression and other mental health issues with psilocybin – the naturally occurring psychedelic chemical found in mushrooms.
The growth of COMPASS from being founded in 2016 to its IPO in 2020 has been extraordinary. There have been a few ups and downs since then (as is the case with most PLCs), with each rise and fall dependent on the progress of its trials. However, the fact that the company appointed former Otsuka Pharmaceutical executive Kabir Nath as CEO in 2022, bolstered by $285 million in private placement VC, shows that it's determined to stay ahead of the competition.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 3 rounds)
Apr 2020
$80m
SERIES B
Oct 2018
$25m
SERIES A
Total funding: $109.1m
Company benefits
- Pension and retirement savings plans
- Flexible working arrangements, including flexible hours, working-from-home and hybrid working
- Community Circles: a regular opportunity for team members to connect, share lived experiences, inspire others, and learn from each other
- Regular virtual and in-person social events, including a London-based hiking group, art and creative workshops, food and drinks evenings, team picnics, and holiday celebrations
- Comprehensive and market-leading health and wellness benefits including company paid healthcare plans
- Confidential counselling or therapy sessions via our Employee Assistance Programme
- Support from our own dedicated Community Wellbeing Lead to guide team members to our resources
- Workplace wellbeing initiatives, including employee-led yoga, meditation, mindfulness, and support groups for parents and carers and for people who are neurodiverse
- Breast-feeding facilities at our London office
- Wellbeing Leadership Forums for Line Managers
- Generous paid time off/annual leave allowance including one company closing per year and your birthday off
- Generous paid parental leave for eligible team members, up to 39 weeks
- Paid family and dependent care leave in addition to parental leave
- Job architecture, providing employees with guidance and clear pathways for developing and progressing their career and twice-yearly promotions cycle
- A process for performance and development goals that is tied to employees receiving feedback throughout the year and assessing individual performance and rewards at the end of the year
- Dedicated internal resources including regular webinars to support employees’ personal development and career goals
- A learning curriculum of courses on offer delivered by external experts to develop specific skill areas
- Dedicated effort for early career team members to learn skills and strategies for advancement
Company HQ
Soho, London, UK
Leadership
Kabir Nath
(CEO)Joined as CEO in 2022, having served as Senior Managing Director of Global Pharmaceutical Business at Japanese company Otsuka. Prior to this, they spent a decade at Bristol Myers Squibb in a number of roles including SVP of Virology, US Pharmaceuticals.
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