Associate Director, Financial Planning & Analysis

San Francisco, CA, United States
Feb 08, 2019
Biotech Bay
Required Education
Bachelors Degree
Position Type
Full time
Position Overview

Oversees the preparation, review and approval of annual budget and long-term financial plans.

Monitors status compared to budgets and forecasts for the company in total, by program and by function. Prepares financial analyses to enable Executive Committee review and discussion with the Board of Directors of recurring and non-recurring transactions. Supervises & directs the activities of the financial planning & analysis staff.

Budgeting, forecasting & financial analyses:
  • Oversees compilation of detailed budget from budget owners, SVP review of functional budgets and EC review of consolidated budget.
  • Ensure current and multi-year budget & forecast estimates are in line with program strategy timeline and scope and cost estimates are reasonable.
  • Prepares financial analyses to enable Executive Committee (EC) and Board of Directors (BOD) review and evaluation of annual budgets and proposed transactions.
  • Prepares discussion of financial results and forward looking statements (guidance) presented by CFO onquarterly results calls.
  • Provides support to partnered and proprietary programs throughout the Company ensuring programs remain on plan from a financial perspective.
  • Critically reviews partner and proprietary programs from an investment and ROI standpoint as part of the portfolio review process.
Execution of responsibilities above require:
  • Communication, coordination and input from executive level management (Chief Medical Officer, Chief Scientific Officer, SVP of Pharmaceutical Development and Manufacturing and their senior management teams), Program Management and business operations.
  • Understanding and analysis of R&D program requirements, interdependencies and cash payment timing, as well as accounting treatment under GAAP.
Financial Operations:
  • Review purchase requisitions (PR's) to ensure activity is within budget and Program's operating plan and forecast.
  • Team with other functional areas (Legal, Purchasing, proponents) to facilitate compliance with purchase approval policies through IT systems and manual processes.
  • Review contractual agreements to ensure they are sound from a financial perspective and optimize the Company's return.
  • Review FTE and temporary resource requests and evaluate impact upon current and future year results of operations.
  • Review and authorize operating cash transfers to subsidiaries.
Supervise year-end cash activity to meet target cash balance.

Skills & Knowledge:
  • Excellent project management, analytical, computer and communication (both oral and written) skills are essential.
  • Requires in-depth knowledge of the functional area, business strategies, and the company's goals.
  • Must be able to demonstrate a high attention to detail
  • Independently prioritize and organize work/projects/programs.
  • Strong data analysis, modeling and Excel skills are required
  • Previous corporate budgeting and planning experience are required.
  • Previous experience with JDE ERP, Business Intelligence reporting software, and Microsoft Access are highly desired.
  • A thorough understanding of principles of corporate finance and planning is essential.
  • Must have a proven track record of successfully interacting with both internal and external executive levels.
Education & Job Experience:

A minimum of a Bachelors degree in a Finance or Business discipline is required. An advanced degree, such as an MBA, is preferred or equivalent experience may be accepted. A minimum of 15 years previous financial planning experience, preferably in the biotech or pharmaceutical industry is required. May require a minimum of 12 years previous management experience.

We are an Equal Opportunity Employer and do not discriminate against applicants due to race, ethnicity, gender, veteran status, or on the basis of disability or any other federal, state or local protected class. Nektar Therapeutics will consider for employment qualified applicants with criminal histories in the manner proscribed by the San Francisco Fair Chance Ordinance.