Vice President, Finance

3 weeks ago

Cambridge, United States Avalyn Pharma Inc Full time

Job Description

Job Description

Benefits: 401(k) matching Bonus based on performance Company parties Competitive salary Dental insurance Health insurance Paid time off Parental leave Stock options plan Tuition assistance Vision insurance Wellness resources

Company Overview:

Avalyn is a biopharmaceutical company developing targeted therapeutics for the treatment of rare respiratory diseases including pulmonary fibrosis and other interstitial lung diseases (ILD). Pulmonary fibrosis is characterized by scarring, decline in lung function, reduced exercise capacity and quality of life, and is associated with increased mortality. Currently approved therapeutic options slow pulmonary fibrosis progression but are associated with significant toxicities that restrict their use and dosing. Avalyn is developing a pipeline of new inhaled formulations of approved medicines designed to reduce systemic exposure and deliver medication to the site of disease. Avalyns pipeline is led by AP01, an optimized inhaled formulation of pirfenidone, which has been assessed in 150 individuals with different forms of pulmonary fibrosis and demonstrated clinical proof-of-concept with improved efficacy and safety over existing therapies. For more information, please visit avalynpharma.com.

Position Overview:

As the VP, Finance, you will play a pivotal role in shaping the financial strategy of our organization. This position is ideal for a candidate who thrives in a fast-paced, entrepreneurial environment and is passionate about contributing to the growth of a small biotech company. You will work closely with the executive team, providing financial insights, driving budgetary decisions, and supporting strategic initiatives to ensure the long-term success of the organization. This position will report to the CFO.

Key Responsibilities:

Financial Strategy and Planning:

Develop and implement financial planning processes that align with the company's strategic goals and objectives. Drive the annual budgeting and forecasting processes, collaborating with department heads to ensure accuracy and alignment with overall business plans. Participate in development of the companys plans and programs, linking longer-term strategy to the companys operational plans and cascading goals; provide strategic financial input and leadership on decision-making.

Performance Analysis:

Provide insightful analysis of financial performance, identifying key drivers, trends, and opportunities for improvement. Establish and monitor KPIs to track the company's financial health and operational efficiency.

Decision Support:

Drive the financial planning process at the business unit and executive level, inclusive of kickoff meetings, deadlines, assumptions, data format/loads, as it applies to budgets, forecasts, capital planning and long-term plans. Partner with cross-functional teams to provide financial guidance and support for key business decisions. Conduct scenario analysis to assess the financial impact of various strategic initiatives.

Reporting and Communication:

Oversee the preparation of accurate and timely financial reports to the executive team Communicate financial results, variances, and trends to non-financial stakeholders in an easily understandable manner. Ensure the integrity of the planning process: forecasts are frequent, honest appraisals of expected performance; assumptions and calculations are standardized; source-data confusion is eliminated; collaboration, coordination and communication across the enterprise are the norm.

Risk Management:

Implement and maintain adequate systems of policies, internal controls, accounting standards and procedures. Identify financial risks and develop mitigation strategies to safeguard the company's financial position. Stay informed about industry trends, regulatory changes, and market dynamics that may impact financial performance.

Cash Management:

Manage working capital effectively to optimize cash flow and liquidity. Develop strategies to improve cash conversion cycles and maximize financial efficiency.

The ideal candidate for this role will have:

BS/BA in Accounting, Finance, or related field; MBA strongly preferred. 15+ years in progressively responsible financial leadership roles. Preferred in publicly traded life science and/or biotech companies. 10+ years of team management and leadership skills with experience in developing, motivating, coaching, and retaining talent through organizational change and growth. Proven experience in financial leadership roles within the biotech or pharmaceutical industry. Exceptional communication and interpersonal skills. Experience working cross-functionally with internal stakeholders including clinical development teams, medical affairs,

communications/corporate

affairs and HR. Advanced competence in collaboration & teamwork, communications influence, strategic agility, planning & organizing, driving results, and problem solving. Understands the need for growth and is receptive to constructive feedback. Demonstrates conceptual, imaginative, systematic, and opportunistic thinking to achieve company goals. Independent and proactive in a small-company environment, with a "get things done" attitude and the ability to manage risk effectively.

This is a remote position.

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