Director, Financial Planning and Analysis

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Job description

Job Title: Director of Financial Planning and Analysis

Company: Terns Pharmaceuticals

Location: Foster City, CA

Company Description

Terns Pharmaceuticals, Inc. is a publicly traded (TERN), clinical-stage biopharmaceutical company focused on developing best-in-class single-agent and combination therapies to treat liver disease. Terns has assembled a broad pipeline of orally administered drug candidates for the treatment of non-alcoholic steatohepatitis (NASH). Headquartered in Foster City, CA, Terns combines extensive research and development experience in drug development and experimental combination therapy with a capital-efficient drug discovery and clinical development model to advance its growing pipeline of medicines.

Position Overview

We are seeking a Director of Financial Planning and Analysis (FP&A) to own the monitoring, planning and analysis of the Company's internal financial reporting, budgeting, and key performance metrics. This Director will report to our Controller and collaborate with other internal groups to ensure the development of management reporting. The roles will provide guidance to the Executive team in the assessment of achievement against financial metrics, as well as support in the analysis and evaluation of a variety of operational issues through the creation of detailed financial models.

Essential Duties and Responsibilities

* Apply knowledge of key financial indicators/measures and builds financial models to evaluate alternative courses of action and to select optimal solutions.
* Develop and maintain a dashboard to report on key performance metrics on a regular basis.
* Use financial and non-financial key performance indicators to link Company strategy, resources, and processes to aid in key decision-making.
* Creates management reporting framework and reviews and interpret financial statements and budget information. Develop comprehensive annual forecasts based on financial analysis.
* Review and validate budget plans for relevance, accuracy, and completeness.
* Integrate operating and capital budgets with the strategic plan.
* Organize analysis efforts into a systematic framework to be able to select and use appropriate analysis framework based on the situation.

* Communicate information on business strategies and relationships that become the basis for analysis and development of performance measures.
* Collaborate with other departments to create integrated financial plans. Ensure credibility of statistical information (financial and non-financial) used for budgeting and planning.
* Monitors key performance indicators and apply those measurements to consult with management regarding resourcing decisions to aid in proactive management of the business plan.
* Provide support to the CFO and CEO in investor relations and fundraising activities; may perform sensitivity analysis and create long-term forecasts based on investor scenarios and investment analysis.

Requirements

* 8+ years of experience in FP&A at a public biotech company, with small public biotech experience strongly preferred.
* 5+ years of experience supporting full company P&L modeling across G&A and R&D, as well as forecasting consolidated IS/BS/SOCF statements.
* 3+ years of experience with Adaptive Insights or similar software, required to have managed/designed the system.
* Solid understanding of early-stage biotech is a must, experience in building expense models based on headcount, clinical operations, including patient treatment, and CMC operations. Experience with accrual process and managing accrual analysis.
* Must enjoy being hands-on and serving as an individual contributor, while serving as a peer-leader
* Strong communications and interpersonal skills. Self-starter and facilitation skills required. reinteraction with senior management.
* Undergraduate degree in business administration with emphasis in finance and accounting. MBA preferred, but not required.