Associate Director, Commercial Financial Planning and Analysis

Associate Director, Commercial Financial Planning and Analysis

Massachusetts - Hybrid

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) Commercial FP&A position will focus on leading the FP&A support for the Commercial organization and its associated functions. Reporting to the VP of FP&A, this newly created role will be responsible for creating financial plans and providing insightful analysis & reporting to deliver transparent actual operating expenses and forecasts. This position will focus on managing the planning processes and serving as the finance business partner to the Commercial organization led by the Chief Commercial 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 Commercial functions.

RESPONSIBILITIES:

• Become Trusted Business Partner for the Commercial organization (and each specific department/function)
• Focus on understanding the key drivers of business performance and their financial implications
• Become financial point person for Commercial department leaders supporting prioritization efforts / trade-offs in spend when needed
• Develop business insights and produce KPIs in partnership with Commercial Operations team. Recommend monthly and quarterly accruals to the Accounting team in partnership with the Commercial 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 Commercial organization as a key contributor to the financial close
• Lead/Support key Commercial financial related projects / initiatives (e.g. vehicle reimbursement program)

• Budget and Forecast Planning
  • Lead the annual budgeting, quarterly reforecasts and long-range plan processes for Commercial functions and product launch 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
  • Responsible for leading monthly and quarterly variance analysis for actual and forecasted results for Commercial organization
  • Responsible for developing and maintaining quarterly function and program management reporting, analytical reviews, trend analysis and dashboards for the Executive Team & BoD
  • Responsibility for working 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 Commercial and Product Launch leadership teams
  • Build and maintain robust financial tracking that empowers budget owners to manage actively their functional spend
  • Review material business terms & conditions on Commercial 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

Be a strategic, insightful business partner to Commercial 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 Project Launch Management to ensure key activities and drivers are aligned, within scope and appropriate timing

Promote visibility and understanding of financial topics across the organization

Drive continuous improvement within the Finance organization to streamline processes, improve communication, and enhance the flow of information to the business

REQUIREMENTS:

• Bachelor's degree in Economics, Finance, Accounting, Business or related field
• MBA, CPA certification and/or…