Vice President, Finance

Description

Summary

Xentria is a patient-centric biotech company focused on novel biologics and biosimilars.  Our first program is XT MAB 16, a monoclonal antibody for sarcoidosis.  XT MAB 16 has received Orphan Drug Designation and is currently in a Phase 1 study.  

The Vice President, Finance will serve as the organization’s senior financial executive and a critical member of the senior management team.  They will be responsible for the complete span of finance, capital management, strategic planning, treasury, tax, risk management and information technology as well as lead the month end close process, accounts receivable (including gross to net adjustments) and will be responsible for delivering accurate and timely financial information to the business leaders.

Essential Duties and Responsibilities

• Serves as a financial and business partner to the President and other members of the senior management team. 
• Contributes actively to the evolution and execution of the organization's strategic and operational plans, maximizing opportunities to accelerate revenue growth while controlling profitability.
• Builds and manages the financial and information technology functions including, but is not limited to, financial reporting, strategic planning, cash and working capital management.
• Manages and monitors the organization’s cash flow and works with President and other members of the senior management team to address capital needs.
• Prepares and presents business plans and operating results to the Board of Directors.
• Actively participates in licensing agreements, including due diligence and revenue modeling
• Develops, implements and ensures GAAP compliance with financial and accounting policies, procedures and related systems and internal controls.  
• Develops long-term, trusted relationships and credibility with key external partners including external auditors, banking relationships and other advisors.
• Responsible for establishing, overseeing and maintaining annual audit process
• Partners with Legal to identify and manage business risks and insurance requirements.
• Responsible for the overall month end close process including revenue, inventory, fixed assets, prepaids and supply chain accounting, reconciliation and analysis.
• Responsible for calculating monthly accruals/reserves including; chargebacks, prompt pay discounts and inventory reserves.
• Works collectively with team in identifying new process and system improvement opportunities and identifies, resolves or escalates repetitive or complex discrepancies.
• Works with project/program leads to establish monthly budget to actual reconciliation and accruals
• Oversees corporate accounts payable and accounts receivable functions.
• Reviews results on a monthly basis and provides variance analysis.
• Develops/maintains accounting policies, procedures and tools/templates to comply with U.S. GAAP.
• Prepares and maintains accounting documentation, including technical accounting research on complex accounting issues and documents the position papers.
• Develops, implements and reviews documentation for internal control compliance and testing.

Supervisory Responsibilities

This position manages all employees of the Finance department, including IT, and is responsible for the performance management and hiring of the employees within that department.

Competencies

• Interpersonal
• Teamwork
• Problem Solving
• Quality Management
• Judgement
• Dependability
• Ethics

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 

• This individual must be self-motivated, results orientated, have the ability to organize/manage multiple tasks and be a critical thinker.
• Superior communication skills with the ability to communicate complex issues in a crisp, clear and concise way is ideal.
• Ability to identify problems, formulate solutions, influence others, and drive results are important leadership skills for this role.
• Technical experience establishing financial systems and infrastructure to enable scale.  
• Understands ASC 606 and the impact on the company’s policies and procedures.

Education and/or Experience

Required:

• MBA in Finance, accounting or related field. 

• A minimum of 10 years of progressively responsible financial leadership experience 

• Solid understanding of U.S. GAAP, SEC financial reporting, and management reporting and analysis.

Highly Preferred:

• Other additional relevant advanced degree(s) and/or certification(s), such as CPA.

• Previously held Finance roles within the pharmaceutical industry.

Travel

Up to 25% domestic and/or international travel expected with routine travel to Chicago office.

Computer Skills

Microsoft Word, PowerPoint and Excel.  Technical software skills and experience: Experience establishing financial systems and infrastructure to enable scale. This includes ERP systems, Business Intelligence Tools, and experience optimizing data analytics to enact business decisions.   

Physical Demands

While performing the duties of this Job, the employee is frequently required to stand; walk; sit and talk or hear. The employee must occasionally lift and/or move up to 20 pounds.    

Work Environment

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.  The noise level in the work environment is usually moderate.

AAP/EEO Statement

Equal Opportunity Employer Minorities/Women/Veterans/Disabled.