FP&A Senior Manager

FP&A Sr Manager

Magnolia Medical Technologies is seeking an experienced and highly skilled Sr Manager for Financial Planning and Analysis.  The ideal candidate will have experience communicating cross functionally to deliver and integrate financial and contextual information into the financial processes.  The FP&A Sr Manager will be responsible for managing financial planning, budgeting, forecasting, and analysis to support the company’s growth and financial objectives. You will collaborate closely with key stakeholders across departments, provide insights into financial trends, and ensure that business decisions are backed by sound financial data.

The FP&A Sr Manager will work with an Accounting team and Managers throughout Magnolia Medical Technologies to drive predictable budgeting, tracking and reporting, ensuring that tools, systems and processes are aligned to deliver results.  This role reports to the Head of Accounting and Finance and is located at our downtown Seattle Headquarters. 

About Magnolia Medical Technologies
Magnolia Medical Technologies is a rapidly expanding, commercial-stage medical device company dedicated to addressing critical healthcare challenges on a global scale. Our flagship product, the Steripath® blood collection system, is an FDA-cleared innovation designed to significantly reduce false positive blood cultures, a crucial diagnostic tool for sepsis diagnosis. Supported by extensive clinical data and peer-reviewed studies, Steripath® has demonstrated substantial clinical and cost-saving benefits.

KEY RESPONSIBILITIES

• Planning & Forecasting:
  Lead the company’s financial planning process, including annual budgeting and quarterly forecasts.  Develop, and continuously update, long-term financial models and scenario plans.
• Analysis & Reporting:
  Provide insightful analysis on key financial and operational metrics. Prepare regular financial reports for senior leadership, highlighting trends, variances, and actionable insights to optimize performance.
• Business Partnering:
  Partner with functional leaders across the organization, with a focus on supporting the commercial organization (Sales, Marketing, Customer Success, etc.). Ensure alignment on financial targets and help drive financial discipline and decision-making.
• Sales Analytics:  Support the commercial team with sales analytics, including sales performance metrics, customer segmentation, sales forecasting, and identifying growth opportunities. Provide actionable insights to help drive sales strategies and improve revenue generation.
• Cost Management & Optimization:
  Track and report on operational costs and identify areas for cost optimization. Support in pricing and profitability analysis for new products and services.
• Pricing & Contracting Analysis:  Assist in pricing strategies, evaluating contracts, and analyzing the financial impact of pricing decisions and contracts with customers and suppliers. Provide recommendations based on data-driven insights to optimize revenue and margin.
• Variable Compensation Plans:
• Support the development and analysis of variable compensation plans, including sales commissions, bonuses, and incentive structures. Ensure alignment with company goals and monitor performance against compensation targets.
• Cash Flow Management:
  Assist in managing cash flow projections and identify areas of risk or opportunities for improvement.
• Continuous Improvements:
  Evaluate and enhance financial systems, tools, and processes to streamline operations and improve efficiency. Implement best practices and technology solutions to optimize financial reporting and analysis.

REQUIRED SKILLS AND EXPERIENCE

• Bachelor’s degree in Finance, Accounting, Economics, or a related field (CPA, CFA, or MBA a plus).
• 6 years of experience in financial planning and analysis, preferably within a high-growth or technology-driven industry (MedTech experience a plus).
• Experience supporting commercial organizations (Sales, Marketing, Customer Success, etc.) with financial analysis, forecasting, and decision-making.
• Proficiency in sales analytics, including sales performance metrics, customer segmentation, and sales forecasting.
• Strong proficiency in financial modeling, forecasting, and budgeting.
• Experience in pricing strategies, contracting analysis, and supporting variable compensation plans is highly desired.
• Advanced Excel skills; experience with ERP systems (D365 strongly preferred) and financial reporting/planning tools (e.g., Adaptive Insights, Planful, or similar).
• Strong analytical and problem-solving skills with the ability to communicate complex financial data in a clear and actionable manner.
• Excellent communication and interpersonal skills; ability to work cross-functionally and influence business partners at all levels.
• Highly detail-oriented and organized with the ability to manage multiple priorities in a fast-paced environment.

With strong institutional investor backing, we offer highly committed and qualified candidates the opportunity to be a part of building a company dedicated to dramatically improving the accuracy of sepsis diagnostics to positively impact patient outcomes and hospital economics.

About Magnolia Medical Technologies, Inc.

Magnolia Medical Technologies develops, manufactures and markets innovative blood and bodily fluid collection devices to facilitate significant improvements in the accuracy, consistency and predictability of critical laboratory tests for patients in hospitals.

Dr. Richard Patton, the company’s co-founder, invented and patented the Initial Specimen Diversion Technique (ISDT™) and Initial Specimen Diversion Device (ISDD®) for blood culture collection and contamination prevention, and authored the seminal peer-reviewed publication on the efficacy of this technique the Journal of Clinical Microbiology in 2010.

The company’s flagship product, Steripath® Initial Specimen Diversion Device® for blood culture collection and contamination prevention, has been clinically proven in over 20 studies including 8 peer-reviewed publications in leading medical journals to virtually eliminate the preventable error of blood culture contamination and false positive results for the diagnosis of sepsis. Steripath delivers reductions in false positives of up to 92% with 12-month sustained contamination rates as low as 0.2% and an average cost savings of ~$1M a year for a typical US hospital.

Magnolia is establishing the new standard for blood culture integrity and sepsis testing accuracy and has effectively executed against its mission to change national blood culture collection guidelines and contamination benchmarks through CDC, CLSI and NQF.

The company has amassed an intellectual property portfolio including more than 125 issued method, apparatus and design patents with more than 50 additional patent applications pending. 

Magnolia Medical is committed to the continued development and successful marketing of innovative products that will transform the way healthcare is practiced around the world.  The company supports this effort by offering competitive compensation, incentive packages, benefits and career growth opportunities to the most qualified candidates in the marketplace. Magnolia Medical Technologies, Inc. is an equal opportunity employer.

For more information, visit magnolia-medical.com

For more information, visit magnolia-medical.com

**As a condition of employment with Magnolia Medical Technologies, you are required to provide proof that you are fully vaccinated against COVID-19 or qualify for a reasonable accommodation.