Full-Time

Associate Director

Fp&a

Posted on 9/12/2024

Element Biosciences

Element Biosciences

201-500 employees

Next-generation sequencing technology provider

Biotechnology
Healthcare

Compensation Overview

$156k - $184kAnnually

+ Stock Options + Bonus

Senior

San Diego, CA, USA

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
NetSuite
SAP Products
Financial analysis
Oracle
Requirements
  • Bachelor’s degree in finance, or a related field of study with successful experience as finance business partner
  • Minimum 8 years(w/o Master's) or 6+ years (with Master's) years of relevant experience in biotech or life sciences industry
  • Proven financial analysis and revenue budgeting, forecasting and analysis background for global commercial organizations
  • Strong cross-functional collaboration skills, with a variety of internal and external stakeholders
  • Ability to work within a team, sharing ideas for best practices and process improvements
  • Ability to communicate technical or complex issues with clarity to non-financial individuals
  • Must be proactive and possess the ability to work independently
  • Strong problem-solving skills, especially related to financial system integration
  • Experience using financial forecasting software such as NetSuite, Hyperion, SAP, and Oracle
  • Possess a basic understanding of valuation principals
Responsibilities
  • Drive the financial planning cycle, including quarterly financial forecasts, annual budgets, long-range plans, scenario planning, and performance monitoring
  • Act as a key business partner across Commercial and Corporate teams, providing strategic financial insights and recommendations to support decision-making and strategic initiatives
  • Prepare and present financial performance reports to senior management, highlighting key insights and actionable recommendations
  • Evaluate the financial implications of strategic decisions, operational changes, and external partnerships, proposing mitigation strategies as necessary
  • Develop / maintain a strong partnership with the other internal groups and Finance colleagues to develop and share best practices
  • Support evaluation, design, implementation, and maintenance of financial systems and system upgrades
  • Support ad hoc analyses and special projects across the organization, providing timely and accurate financial insights
  • Work closely with the accounting team and ensure the complete, accurate and timely processing of the monthly close process
  • The role requires comfort with ambiguity, collaborative problem-solving, and the capability to manage complex work streams with multiple stakeholders
  • The successful candidate will have a proven track record and the ability to function in a rapidly growing environment and demonstrate creativity, select ability, and innovative strategies pertaining to all financial matters is essential
  • The ability to provide the senior executives with the necessary financial and modeling information to make effective decisions

Element Biosciences focuses on next-generation sequencing (NGS) technology, offering the AVITI System, a compact benchtop device that provides high-quality sequencing at a low cost of $1 per million reads. This system is designed for accuracy and efficiency, catering to clients like academic researchers and pharmaceutical companies. Element Biosciences stands out by forming partnerships with other biotech firms, such as QIAGEN, to deliver complete NGS workflows, and by running the 2023 AVITI for All Grant program, which provides free sequencing for various applications. The company's goal is to make high-quality sequencing accessible and affordable for a diverse range of users.

Company Stage

Series D

Total Funding

$659.5M

Headquarters

San Diego, California

Founded

2017

Growth & Insights
Headcount

6 month growth

7%

1 year growth

16%

2 year growth

23%
Simplify Jobs

Simplify's Take

What believers are saying

  • AVITI24 platform integrates sequencing and multiomic analysis, revolutionizing cancer research capabilities.
  • Record growth in AVITI System installations shows strong market acceptance and expansion potential.
  • Strategic focus on AI optimization enhances product value and differentiation in the market.

What critics are saying

  • Increased competition from companies like Illumina may impact market share.
  • High cost of AVITI24 may limit adoption among smaller research institutions.
  • Potential supply chain disruptions could delay AVITI System production and delivery.

What makes Element Biosciences unique

  • Element Biosciences offers the AVITI System, a cost-effective, high-quality sequencing platform.
  • The company's proprietary signal-to-noise ratio improvement enhances sequencing data quality and reduces costs.
  • Partnerships with firms like QIAGEN provide comprehensive NGS workflows, enhancing client solutions.

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Benefits

100% company-paid medical, dental, & vision coverage

Flexible spending & health savings accounts

Premier mental health care

401(k) with immediately vested 4% company match

Company-paid Life and AD&D insurance

Stock option grants

Flexible time off

10 paid annual holidays

8-weeks paid parental leave

INACTIVE