Associate Director, Clinical Financial Planning and Analysis

Join our team in a dynamic hybrid role, offering flexibility to work remotely and 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 Associate Director (AD) Clinical Financial Planning & Analysis (FP&A) position will focus on leading the FP&A support for the R&D Clinical organization and its associated functions.  Reporting to the VP of FP&A, this newly created Associate Director Clinical FP&A role will be creating financial plans and through insightful analysis & reporting, provide transparent actual operating expenses and their forecasts. This position will focus on managing the planning processes and serving as the finance business partner to the Clinical R&D organization led by the Chief Medical Officer. This position will interact with the Accounting team on a frequent basis and be responsible for recommending the necessary monthly & quarterly accruals for all Clinical functions.

RESPONSIBILITIES:

• Act as a Business Partner for the Clinical R&D organization (and each specific department/function)
  • Focus on understanding the key drivers of business performance and their financial implication on the clinical trials (and clinical cost category)
  • Develop business insights and produce KPIs on each clinical trial. Recommend monthly and quarterly accruals to the Accounting team in partnership with the clinical organization. Work closely with the Accounting team to ensure accurate and timely monthly and quarterly financial results (engage with internal stakeholders and external vendors). Lead the monthly financial analysis for the Clinical R&D organization as a key contributor to the financial close
• Budget and Forecast Planning
  • Lead the annual budgeting, quarterly reforecasts and long-range plan processes for Clinical R&D functions and Program 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 appropriate planning and accounting for expenses are maintained. Provide relevant information and insights to make informed decisions
  • Work closely with Program and functional leads to gain awareness into key cost drivers
• Financial Reporting Improvements & Variance Analyses
  • Lead monthly and quarterly variance analysis for actual and forecasted results for Clinical organization
  • Develop and maintaining quarterly function and program management reporting, analytical reviews, trend analysis and dashboards for the Executive Team & BoD
  • Partner with the VP of FP&A and other team members to implement an improved planning solution for 2025 that will be leveraged by Disc Medicine employees
  • Develop and deliver monthly function, department and program financial reporting packages that provide actionable insights to R&D Clinical and program leadership teams
  • Build and maintain robust financial tracking that empowers budget owners to manage actively their functional spend
  • Review material business terms & conditions on Clinical studies including vendor agreements, contracts and purchase requisitions. Determine appropriate recognition of functional expenses in accordance with US GAAP and company policy
  • Ensure associated financial risks and opportunities, both near and longer-term are identified and periodically reviewed
• Collaboration
  • Act as a strategic, insightful business partner to Clinical R&D functions and proactively develop and maintain effective relationships
  • Partner with Accounting to assist with monthly & quarter-end close processes for expenses and accruals, budget vs. actual analysis and compliance with internal controls.
  • Partner with Program Management to ensure key activities and drivers are aligned, within scope and appropriate timing
  • Promote visibility and understanding of financial topics across the organization
  • Manage ad hoc projects supporting strategic priorities, new indication planning, etc.
  • Drive continuous improvement within th