Join our team in a dynamic hybrid role, offering flexibility to work remotely or from our headquarters in Watertown, MA.
COMPANY OVERVIEW:
Disc Medicine is a clinical-stage biopharmaceutical company committed to discovering, developing, and commercializing novel treatments for patients who suffer from serious hematologic diseases. We are building a portfolio of innovative, first-in-class therapeutic candidates that aim to address a wide spectrum of hematologic diseases by targeting fundamental biological pathways of red blood cell biology, specifically heme biosynthesis and iron homeostasis. Disc Medicine values collaboration, professional development, and scientific integrity and promotes an inclusive company culture that empowers and inspires.
POSITION OVERVIEW:
The Director, Commercial Financial Planning & Analysis (FP&A) will lead FP&A activities to support the Commercial organization and its associated functions. Reporting to the VP of FP&A, this newly created role will develop financial plans and, through insightful analysis and reporting, provide transparent visibility into actual operating expenses and forecasts. The Director will manage the planning processes and serve as the finance business partner to the Commercial organization... The role will interact frequently with the Accounting team and will be responsible for recommending the monthly and quarterly accruals for all Commercial functions.
RESPONSIBILITIES:
Trusted Business Partner to support the Commercial organization and related functions
Understand the key drivers of business performance and their financial implications
Serve as the financial point person for Commercial department leaders, supporting prioritization efforts and spending trade-offs when needed
Develop business insights and produce KPIs in partnership with the Commercial Operations team. Recommend monthly and quarterly accruals to the Accounting team in partnership with the Commercial organization. Work closely with Accounting to ensure accurate and timely monthly and quarterly financial results, engaging internal stakeholders and external vendors. Lead the monthly financial analysis for the Commercial organization as a key contributor to the financial close
Lead/Support key Commercial financial related projects / initiatives clear and timely communications on finance team dependencies, opportunities and issues
Budget and Forecast Planning
Lead the annual budgeting, quarterly reforecasts and long-range plan processes for Commercial functions and product launch leads, partnering with business stakeholders and the VP of FP&A to meet company planning deadlines
Work with internal stakeholders to create robust functional financial plans, ensuring expenses are appropriately planned and accounted for. Provide relevant information and insights to support informed decisions
Present to leadership on the high-level drivers and story based on data
Work closely with Program and functional leads to understand key cost drivers and develop recommendations based on data
Financial Reporting Improvements & Variance Analyses
Lead monthly and quarterly variance analysis for actual and forecasted results for Commercial organization
Develop and maintain quarterly function and program management reporting, analytical reviews, trend analysis and dashboards for the Executive Team & BoD
Develop and deliver monthly function, department and program financial reporting packages that provide actionable insights to Commercial and Product Launch leadership teams
Assess the revenue model and forecast, working with Commercial to review them and provide insights and recommendations
Assess gross-to-net (GtN) actuals in partnership with Accounting. Review and update GtN assumptions related to future periods. Support and analyze monthly and quarterly results
Build and maintain robust financial tracking that empowers budget owners to actively manage their functional spend
Review material business terms and conditions for Commercial,…