What are the responsibilities and job description for the Manager of Financial Planning & Analysis position at Corium Innovations?
Corium Innovations is seeking a Manager of Financial Planning & Analysis to drive innovative approaches and improvements to methodologies, procedures and systems related to financial planning, forecasting, and analysis. You will play a critical role in shaping our company's future by providing both quantitative and qualitative analysis to monitor and evaluate the company’s progress toward achieving its financial goals based on its current operating plans. This is a unique opportunity to take on a key role with a broad range of responsibilities.
Your most Innovative career move is here!
At Corium Innovations, we’ve led the way in innovating drug delivery technologies for millions of patients whose GI systems just can’t tolerate pills, who can’t remember to take their meds as directed, or who have needle-phobia. This is only the beginning! There’s so much more to deliver, and we need YOU to do it!
Our Purpose is to create, develop and manufacture innovative healthcare products for partners that deliver superior value to patients.
Our Goal is to be the best-in-class specialty CDMO through the use of innovative technologies and superior execution.
Our Company Values are core to our positive and people-centric culture which inspires all of us to come to work every day on behalf of our people, our partners, our customers, and our patients. Through our four core values, we put people first and create opportunities to make each day better than the last.
- Celebrate Individuals: We’re looking for talent who will celebrate the uniqueness of each of our team members by encouraging everyone to bring their authentic self to work.
- Successful Together: We believe we’re better together, so we prioritize teamwork as we work to achieve our shared vision knowing each one of us has an important role to play.
- Embrace Innovation: We embrace new challenges and opportunities while encouraging creative thinking and innovative solutions to best meet the needs of our people and our partners.
- Pride in Ownership: We take pride in owning our progress and successes, feeling empowered to pursue our growth to reach our full potential. And we hope you will too!
Responsibilities:
- Provide analysis of the company’s monthly and quarterly operations:
- Analyze operating results and build financial models to report EBITDA utilizing key financial ratios to calculate and measure the investment return.
- Analyze the company’s product line P&Ls to ensure profitability, recommending change where appropriate.
- Examine and evaluate the cost-efficiency of each department of the company versus the company’s objectives within the operating plan.
- Manage and oversee monthly and quarterly financial reporting along with the annual Corium Innovations corporate budgeting cycle and forecast updates:
- Work with management to establish and manage budget development timeline.
- Prepares review draft budgets for department heads.
- Generate Projected Income Statement, Balance Sheet, and Cash Flows statement for executive leadership.
- Perform variance analysis to explain performance variances and make suggestions for improvements going forward.
- Prepare information and analysis for presentation to BOD for approval of budget and forecasts.
- Responsible for maintenance of D365, the company’s ERP system.
- Create, update, and maintain financial models and detailed forecasts of the company’s manufacturing and supporting operations utilizing D365.
- Compare historical results against budgets and forecasts, perform variance analysis to explain differences in performance and suggest improvements going forward.
- Maintain Consultant tracking summary:
- Provide monthly updates for BOD package.
- Identify areas for cost savings.
- Generate and review consultant agreements including consultant authorization forms, CDA’s, consulting agreements, and Purchase Orders as needed.
- Develop appropriate metrics for the business to measure growth, profitability, expense control, efficiency, and productivity.
- Generate, review and provide commentary for monthly BOD package for VP Controller review and produce monthly BOD package for review and distribution.
- Ad-hoc spend summaries (historical and projections) as requested to support strategic planning.
- Maintain production campaign revenue forecasting workbook for production for working capital.
- Wire transfers and check writing (backup).
Qualifications:
- Bachelor’s degree in finance or accounting, MBA and/or CPA preferred.
- Minimum 3-5 years’ experience of progressive responsibility in finance, with a focus on financial data analysis, financial accounting and monthly reporting.
- Experience in manufacturing required; biotech or pharmaceutical environment preferred.
- Broad understanding of finance and accounting principles, including cost accounting.
- Well-developed analytical skills.
- Strong leadership skills.
- Excellent oral and written communication skills.
- Excellent computer skills in Excel, Word, and experience with an ERP system.
- High level of integrity and a strong sense of urgency and a results orientation.
- Strong communication and interpersonal skills, ability to communicate and manage well at all levels of the organization.
- Independent, creative, and resourceful problem-solver.
Benefits:
- Highly competitive benefits program including medical, dental, vision, flexible spending accounts, life insurance, disability insurance, and employee assistance program.
- 401(k) retirement savings account with a company match and immediate vesting.
- 12 paid holidays.
- Competitive paid vacation plan plus ~1 additional week of paid time off for our annual holiday shutdown.