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Associate Director, Global R&D and Medical Finance

Employer
Ipsen Biopharmaceuticals, Inc.
Location
Cambridge
Start date
May 5, 2024

View more

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

Job Details

Title:

Associate Director, Global R&D and Medical Finance

Company:

Ipsen Bioscience, Inc.

Job Description:

Associate Director, Global R&D and Medical Finance

Summary/purpose of the position

Associate Director, R&D Controller, Global R&D and Medical Finance / Rare Disease: To be the Associate Director and R&D Controller for the Rare Disease asset activities, support R&D process standardization, and be a business partner for Rare Disease Assets and Rare Disease TA leaders.

Primary responsibilities/job expectations

Responsibilities will include, but are not limited to, the following:

Job Summary:

  • To be the Associate Director and R&D Controller for the Rare Disease asset activities, support R&D process standardization, and be a business partner for Rare Disease Assets and Rare Disease TA leaders.
  • Responsible for delivering Quarterly Forecasting, Annual Budget, and Strategic Plans for R&D Rare Disease Assets spend with Corporate (France) timelines
  • Responsible for collating and reporting spend and resources-related costs for Actuals, Forecasts, and Budgets and calculating external and internal for all Forecasts, Budgets, and Plans
  • Responsible for coordinating and agreeing with the financial validation and arbitration of costs and synergies and reporting these both locally and at the Ipsen Group level
  • Manage the preparation of monthly/quarterly management accounting packs for Leadership teams and corporate costs in accordance with local and Group reporting requirements and standards with meaningful variance analysis and commentary
  • Work cross-functionally within Ipsen Group and cross-site business areas by representing R&D at relevant forums and understanding the overall business to evaluate impacts and feed into risk management processes.
  • As the primary interface for Rare Disease assets, ensure effective communication on global functional and projects and local site requirements, constraints, and deviations.
  • Manage month-end and year-end closing processes. Ensure timely and accurate recording of financial transactions.
  • Liaise with the group consolidation team on changes in accounting regulations and ensure compliance with local and international standards (e.g., GAAP, IFRS).
  • Coordinate with external auditors during financial audits and regulatory inspections.
  • Identify financial risks and develop strategies to mitigate them.

Rare Disease Assets:

  • Support budgeting and forecasting for functions and project activities based out of Global R&D Hubs and Other R&D Sites
  • Interpret results for presentation & communication to Asset Leads, VP Finance R&D and Medical, to consolidate key messages and issues for Global R&D senior management for capital expenditures and operating expenditures by nature and by project.
  • Develop annual budgets in collaboration with department heads. Monitor budget performance and variance analysis. Forecast future financial performance based on industry trends and business projections. Provide recommendations for improving financial efficiency and cost-effectiveness.
  • Collaborates with key stakeholders to control costs and senior management and identify opportunities for improving budget allocation and containment.
  • Perform the reporting tasks, identify opportunities for process improvement, and implement solutions.
  • Provide support to the tax department in the US and France, including financial analysis to support tax positions and payments
  • Provide general site-wide business support to various functions on core P2P processes and policies
  • Support site-wide Finance initiatives covering systems support, systems enhancements/new system implementation, productivity efforts, and transformation initiatives as needed
  • This role will be the direct R&D finance business partner for Asset Leads in Global R&D Hubs, including responsibility for Budgeting / Forecasting and Financial Analysis.
  • He / She is also leading the implementation of financial processes and new global R&D processes/optimizations, including clinical trial accounting, and supporting portfolio and program valuations with the rest of the R&D Finance team. This position will ensure the roll-out of K2 roles and responsibilities (in coordination with shared services), ensuring the business owns the process and not Finance, and ensuring finance governance principles are fully adhered to.
  • This position requires broad financial analysis, a deep understanding of R&D project activities, and standard GO/NO GO decision-making in R&D.

Other R&D project activities role:

  • Support long-term financial planning process of assigned projects.
  • Partnering with local functions, Project Leaders, and key project stakeholders to consolidate and provide visibility to R&D Finance with management on entire structure costs/investments across all tasks within Rare Disease Assets, by indication, by phase, and over the years.
  • Partner with Finance Shared Financial Services and R&D Procurement teams on compliance with Purchase to Pay (P2P) policies and procedures for R&D Rare Disease costs.
  • Ad Hoc project work as required both locally within the R&D Finance team and/or globally for the corporate cost finance team
  • Review and prepare month-end journal entries in the areas of PO accruals
  • Provide business and analytical support for the R&D and Rare Disease organization
  • Forecast legal entity cash flows for multiple US-based legal entities, including cash flows from core operations and intercompany activities between entities and Corporate (France)
  • Forecasting, tracking, and accounting for all key intercompany agreements and re-charges across the Rare Disease assets and the associated legal entities.
  • Understand the status and risks of all project activities and quantify investments until the next decision-making step.
  • Challenge and provide realistic estimates, ensure no contingency planning.
  • Presents factual results for presentation & communication to the Finance and Therapeutic Area Leaders

Ad-hoc financial projects and activities as assigned.

Knowledge, abilities & experience

Education / Certifications:

  • Bachelor’s Degree in a financial-related field

Experience:

  • +7 years of Financial Analysis / Planning experience in a long-term project environment
  • Minimum of 12 years of related experience with a Bachelor’s degree; or 8 years and a Master’s degree; or a PhD with 5 years’ experience; or equivalent experience.
  • Experience managing and controlling more extensive clinical portfolios.
  • Therapeutic drug valuations
  • Knowledge of the Pharmaceutical Industry is highly preferred.
  • International exposure
  • Must be able to work self-initiated and in a team environment and be willing to work extended hours and travel as required.

Languages:

  • Fluency in English. Excellent verbal, written, and communication skills to effectively present information to various levels of an organization.

Key Technical Competencies Required

  • Strong analytical skills
  • Ability to work cross-functionally and collaboratively to influence decision-making.
  • Microsoft Office (Excel, Word, PowerPoint), TM1 & SAP user capabilities a plus
  • Ability to prioritize and manage multiple tasks while adhering to specific deadlines.
  • Ability to work with minimal supervision.
  • Ability to handle confidential information appropriately.
  • Strong interpersonal savvy and influence skills with the ability to interact with senior leaders of the organization with poise and impact.
  • Excellent written and verbal communication skills
  • Sound interpersonal skills in a matrix environment are a must.

The annual base salary range for this position is $143,250-$210,100.

This job is eligible to participate in our short-term incentives program as well as our long-term incentives program.

At Ipsen we are proud to offer a comprehensive employee benefits package, including 401(k) with company contributions, group medical, dental and vision coverage, life and disability insurance, short- and long-term disability insurance, as well as flexible spending accounts. Ipsen also provides parental leave, paid time off, a discretionary winter shutdown, well-being allowance, commuter benefits, and much more.

The pay range displayed above is the range of base pay compensation within which Ipsen expects to pay for this role at the time of this posting. Individual compensation within this range depends on a variety of factors, including, but not limited to, prior education and experience, job-related knowledge and demonstrated skills.

IPSEN is an equal opportunity employer that strictly prohibits unlawful discrimination. We recruit, employ, train, compensate, and promote without regard to an individual’s race, color, religion, gender, sexual orientation, gender identity/expression, national origin/ancestry, age, mental/physical disability, medical condition, marital status, veteran status, or any other characteristic protected by law.

Company

Ipsen (Euronext: IPN; ADR: IPSEY) is a global, biopharmaceutical group focused on innovation and specialty care. The group develops and commercializes innovative medicines in three key therapeutic areas - Oncology, Neuroscience and Rare Diseases. At Ipsen, we focus our resources, investments and energy on discovering, developing and commercializing new therapeutic options to provide hope for patients whose lives are challenged by difficult-to-treat diseases. Ipsen's North American operations and headquarters are located in Cambridge, Massachusetts, where our fully integrated biopharmaceutical team across External Innovation and Partnering, Research & Development (R&D), Manufacturing and Commercial collaborate. Cambridge is home to Ipsen's third global hub, in addition to R&D centers in Paris-Saclay in France and Oxford in the United Kingdom. With additional offices in Basking Ridge, N.J. and Mississauga, Ontario, Ipsen employs approximately 600 people in North America. For more information on Ipsen in North America, please visit www.ipsenus.com or www.ipsen.ca.

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Company info
Website
Phone
617-679-8500
Location
1 Main Street
Unit 700
Cambridge
MA
02142
US

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