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Director R&D Finance - Rare Disease Assets

Employer
Ipsen Biopharmaceuticals, Inc.
Location
Cambridge
Start date
May 10, 2024

View more

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

Job Details

Title:

Director R&D Finance - Rare Disease Assets

Company:

Ipsen Bioscience, Inc.

Job Description:

Summary / purpose of the position

Job Summary: Director, R&D Finance / Rare Disease Assets & BD Diligence & Integration

To be the Director, R&D Finance 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.

  • Working closely with the Vice President, Finance for R&D and Medical, and other Global R&D Controlling team members, provide project controlling support for Rare Disease assets, and ensure that the controlling of the finances is within the framework of the Company, Group accounting, and global R&D policies, procedures, and internal controls.
  • Activities also include ensuring appropriate, accurate, and timely financial/Management accounts and reports are prepared for R&D and the global understanding and control of the projects/activities they support.
  • As the primary interface for Rare Disease assets, ensure effective communication on global functional and projects and local site requirements, constraints, and deviations.
  • Conduct financial analyses and assessments to evaluate the financial performance, risks, and opportunities of potential mergers, licensing, and external collaborations, acquisitions, or other financial transactions. The role requires a deep understanding of financial statements, accounting principles, and business operations.
  • Collaborate with upper management to align team goals with overall company objectives.
  • Develop and implement strategic plans to achieve team targets and contribute to organizational success.

Main responsibilities / job expectations

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.
  • 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.
  • 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.

R&D Finance Due Diligence & Finance Integration:

  • Conduct thorough financial analyses of target companies, including income statements, balance sheets, cash flow statements, and other relevant financial data.
  • Identify and analyze key financial drivers, trends, and anomalies.
  • Assess the financial risks and exposures associated with potential transactions.
  • Collaborate with cross-functional teams to gather relevant information and ensure completeness of financial and business assumptions for the R&D Cost Model
  • Develop and utilize financial models to evaluate various scenarios and potential outcomes.
  • Communicate findings and recommendations to senior management and other stakeholders.
  • Collaborate with legal, operational, and other teams to provide a holistic view of the R&D Cost Model.

Other R&D project activities role:

Support long-term financial planning process of assigned projects by:

  • 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.
  • 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 Senior Director, R&D Finance, VP R&D Finance, and to TA Leaders

Managing Teams:

  • Lead, mentor, and inspire team members to foster a positive, high-performance work culture.
  • Set Clear expectations, provide guidance, and conduct regular performance evaluations.
  • Facilitate open and transparent communication within the team. Serve as a liaison between team members and upper management, ensuring effective flow of information.
  • Monitor and evaluate team performance, providing constructive feedback and addressing performance issues.
  • Manage team resources efficiently, including personnel, budget, and equipment. Optimize resource allocation to maximize productivity and achieve business objectives.
  • Foster collaboration and teamwork within the team and across departments. Work with other managers to ensure seamless integration of activities and shared goals.
  • Support team members' professional growth and development through coaching, training, and mentorship. Encourage a culture of continuous learning and skill enhancement.

Ad-hoc financial projects and activities as assigned.

Knowledge, abilities & experience

Education, Experience & Training Required

Experience and Education (minimums)

  • Bachelor’s Degree in a financial-related field
  • +7 years of Financial Analysis / Planning experience in a long-term project environment
  • 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 travel as required.

Key Technical Competencies Required

Core Competencies / Knowledge & Skill Requirements

  • Strong analytical skills
  • Excellent verbal, written, and communication skills to effectively present information to various levels of an organization.
  • 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

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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