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Sr Finance Mgr - FP&A (R&D)

Employer
Zai Lab (US) LLC
Location
South San Francisco, CA
Start date
Feb 1, 2024

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Discipline
Administration, Finance, Science/R&D, Research
Required Education
Bachelors Degree
Position Type
Full time

Job Details

Company Description

Zai Lab Limited (NASDAQ: ZLAB; HKEX: 9688) is an innovative, research-based, commercial-stage biopharmaceutical company based in China and the United States focused on bringing transformative medicines for oncology, autoimmune disorders, infectious diseases, and neurological disorders to patients in China and around the world. Our goal is to leverage our competencies and resources to positively impact human health worldwide.

Founded in 2014, our experienced team has secured partnerships with leading global biopharmaceutical  companies, generating a broad and late-stage pipeline of innovative drug candidates. Based on our proven  track record of  success, Zai Lab has earned the reputation as a trusted partner of choice for global biopharmaceutical companies seeking to not only access the Chinese market but also find a long-term strategic partner for global clinical development.  Our unique business model builds on our in-licensed assets and innovative partnerships to expand our internal discovery and development capabilities and has created a portfolio of potential best-in-class and/or first-in-class therapies. Zai currently has four products on the market in China

Zai Lab was successfully listed on the Nasdaq Stock Market in September 2017 and completed secondary listing on Hong Kong Stock Exchange in September 2020. In 2022, Zai Lab became dual-primary listed on both the Nasdaq and the Hong Kong Stock Exchanges. Since its inception, Zai Lab has expanded significantly with several offices across China. In 2021, Zai Lab established its U.S. Headquarters in Cambridge, Massachusetts.  As of January 2022, the Company has a global team of approximately 2000 employees.

Job Description

The Senior Finance Manager serves as the Finance partner to the Global Development functions and supports key development programs at Zai.

Lead financial planning and management for the Discovery function:

  • Work closely with Discovery leadership to prepare annual and long range (3 years) budget, including identifying key investments and programs, for review with Discovery and Finance leadership
  • Support monthly/quarter department budget forecast as necessary, including timely update of program progress and Discovery support for programs in clinical development
  • Prepare annual Discovery capital plan; monitor purchasing/acquisition and implementation, and liaise with Accounting to properly report CIP/PPE on BS

Lead strategic financial planning for Development Functions and Portfolio Programs:

  • Manage annual and long range financial forecast through partnership with Functions and Program Management including key investment
  • Develop an understanding of clinical development programs, including timelines, clinical and regulatory milestones, risks and commercial potential to articulate program’s value and support portfolio prioritization
  • Work closely with ZPT's (Zai Program Teams) to develop/update project budget in alignment with clinical development plan (CDP) in Planisware

Drive execution to maximize value of budget

  • Prepare monthly reports focusing on analysis of spend drivers and key variance, develop tools to enable execution to budget, and update monthly forecast for R&D functions
  • Ensure a timely and accurate month end closing process, and ensure proper recognition of expense, including in-progress activities and trial cost, with adherence to proper GAAP standard

Build relationships with business and department leaders – be the Finance face to the R&D functions, ZPTs and external collaborators

  • Represent Zai/Support as JFC for partnered programs
  • Support relationships with Corporate FP&A functions, internal/external auditors if/when needed

Provide ad hoc analysis or supports as necessary

Qualifications

REQUIRED:

  • BA/BS in Accounting, Finance, or related field required with eight years progressive FP&A experience; or equivalent combination of education, training and experience.
  • Advanced knowledge of MS Excel and other MS Office software
  • Able to work global hours (with US, China and Middle East-based colleagues)

PREFERRED:

  • MBA
  • Biotech or pharmaceutical industry experience
  • Excellent organizational skills and attention to detail essential
  • Highly analytical and detail-oriented
  • Able to think creatively, and to understand complex business dynamics while maintaining compliance
  • Experience in a start-up, roll-up-your-sleeves environment
  • Fluency in Mandarin

Additional Information

The pay range for this position at commencement of employment is expected to be between $160K and $180K/year; however, base pay offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. The total compensation package for this position may also include other elements, including a sign-on bonus, restricted stock units, and discretionary awards in addition to a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.

If hired, employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.

At Zai, we are proud of the gender diversity of our company and our promotion of women in biotech. We have achieved gender base pay equity at all levels, 58% of our employees are women and 54% of our management positions are held by women. We are committed to the health of patients and our planet. That’s why our environmental protection, social responsibility, and corporate governance strategy, called “Trust for Life” is integrated within our business.

Disclaimer: This description is not intended to be construed as an exhaustive list of duties, responsibilities, or requirement for the position. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

All qualified applicants will receive consideration for employment without regard to race, sex, color, religion, sexual orientation, gender identity, national origin, protected veteran status, or based on disability.

Company

Zai Lab is an innovative commercial stage biopharmaceutical company focused on bringing transformative medicines for cancer, infectious and autoimmune diseases to patients in China and around the world. To quickly target the large, fast-growing segments of China’s pharmaceutical market and address unmet medical needs, Zai Lab’s experienced team has secured partnerships with leading global biopharma companies, generating a broad pipeline of innovative drug candidates. Zai Lab has also built an in-house team with strong drug discovery and translational research capabilities, aiming to establish a global pipeline of proprietary drug candidates against targets in our focus areas. Zai Lab’s vision is to become a fully integrated biopharmaceutical company, discovering, developing, manufacturing and commercializing its portfolio in order to impact human health worldwide.

For additional information about the company, please visit www.zailaboratory.com.

Stock Symbol: ZLAB

Stock Exchange: NYSE

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Company info
Website
Phone
650-449-8674
Location
1440 O’Brien Drive
Menlo Park
CA
94025
US

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