Simplify Logo

Full-Time

Director of Finance

Posted on 6/21/2024

Volta Labs

Volta Labs

11-50 employees

Develops software for genomic data analysis

Enterprise Software
Biotechnology

Senior, Expert

Boston, MA, USA

Requires onsite presence in Seaport District, Boston, MA.

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Sales
Communications
Data Analysis
Requirements
  • Bachelor’s degree in Finance, Accounting, Economics, or a related field; MBA or advanced degree preferred.
  • Minimum of 5 years of experience in finance, with a focus on FP&A and strategic planning.
  • Proven track record of leading financial strategy and analysis in a dynamic and fast-paced environment. Ideally at a company with capital equipment and consumable sales.
  • Advanced proficiency in financial modeling, forecasting, budgeting process and data analysis tools.
  • Experience with ERP systems and financial software applications.
  • Excellent communication and presentation skills, with the ability to convey complex financial information to non-financial stakeholders.
  • Experience in developing internal controls and driving implementation of policies and procedures.
  • Experience in startups or dynamic high-growth companies is a plus.
  • Experience building a team and managing a team is a plus
Responsibilities
  • Lead the FP&A function, including budgeting, forecasting, and variance analysis to support strategic decision-making.
  • Develop and refine financial models and projections to enhance business planning and provide clear insights into revenue streams and expenditure.
  • Collaborate with department heads (R&D, Commercial, Operations) to formulate the company’s fiscal strategy, refine budgeting and resource allocation across projects.
  • Oversee the preparation and finalization of monthly, quarterly and annual financial reporting and present financial matters to the board of directors.
  • Support the CEO on fundraising activities and investor relationships. This will require close collaboration with the CEO including pitching potential investors.
  • Manage external accountants and auditors and ensure compliance with accounting and finance regulations.
  • Implement policies and procedures for effective control of financial operations including strategic planning, capital budgets, operating budgets & cash flow projections.
  • Supervise AR, AP, payroll, and fixed asset activities as well as oversee the accounting for equity awards.
  • Oversee tax, statutory and legal entity requirements.

Volta Labs focuses on genomic analysis by developing software tools that help research institutions, clinical laboratories, and biotech companies process genomic data accurately and efficiently. Their software is designed to generate precise results through advanced scripting, which is then licensed to clients, creating a reliable revenue stream. Unlike many competitors, Volta Labs combines software development with biochemistry expertise, allowing them to offer tailored solutions that meet the specific needs of their diverse clientele. The company's goal is to enhance the capabilities of genomic research and personalized medicine by providing high-quality tools that streamline data processing.

Company Stage

Series A

Total Funding

$33.6M

Headquarters

Cambridge, Massachusetts

Founded

2018

Growth & Insights
Headcount

6 month growth

10%

1 year growth

29%

2 year growth

70%
Simplify Jobs

Simplify's Take

What believers are saying

  • Volta Labs' innovative digital fluidics platform and automated sample prep applications significantly reduce operational costs and training requirements, making genomic analysis more accessible.
  • The company's collaborations with key industry players and the launch of the Callisto™ Sample Prep System position it for rapid growth and market penetration.
  • Securing $20 million in Series A funding from prominent investors underscores strong financial backing and confidence in their business model.

What critics are saying

  • The highly competitive genomics market requires continuous innovation to maintain a competitive edge, posing a risk if Volta Labs fails to keep pace.
  • Dependence on strategic partnerships means that any disruption in these relationships could impact their technological advancements and market position.

What makes Volta Labs unique

  • Volta Labs leverages a unique combination of software development and advanced biochemistry to offer precise and efficient genomic analysis, setting it apart from competitors who may focus solely on one aspect.
  • Their Callisto™ Sample Prep System and VoltaPrep™ kits provide an end-to-end, low-cost sequencing solution, addressing bottlenecks in sample preparation and making sequencing more accessible.
  • Strategic partnerships with industry leaders like Element Biosciences, Integrated DNA Technologies, and Watchmaker Genomics enhance their technological capabilities and broaden their market reach.

Help us improve and share your feedback! Did you find this helpful?

INACTIVE