Director, Clinical Trial Finance

About the role

Bamboohr is seeking an experienced Director of Clinical Trial Finance to join our dynamic team in South San Francisco, California. In this role, you will oversee the financial aspects of clinical trials, ensuring that projects are executed within budget and aligned with our strategic goals. You will work closely with cross-functional teams to provide financial insights and support decision-making processes. This position offers a unique opportunity to contribute to the advancement of innovative therapies while managing the financial health of our clinical operations.

Key facts

What you'll do

• Lead the financial planning and analysis for clinical trials, including budgeting, forecasting, and variance analysis to ensure financial objectives are met.
• Collaborate with clinical operations and project management teams to develop comprehensive financial models that support trial design and execution.
• Monitor and report on trial expenditures, ensuring compliance with financial policies and regulatory requirements.
• Establish and maintain relationships with external vendors and service providers to negotiate contracts and manage costs effectively.
• Provide financial insights and recommendations to senior management and stakeholders to facilitate informed decision-making regarding trial progress and resource allocation.
• Develop and implement financial strategies that optimize the use of resources and enhance the efficiency of clinical trial operations.
• Prepare and present financial reports to internal and external stakeholders, highlighting key performance indicators and financial metrics.
• Lead a team of finance professionals, providing mentorship and guidance to foster their professional development and enhance team performance.
• Identify opportunities for process improvements within the finance function and implement best practices to streamline operations.
• Ensure accurate and timely financial reporting in compliance with GAAP and other relevant accounting standards.
• Participate in audits and regulatory inspections, providing necessary documentation and support to ensure compliance.
• Stay updated on industry trends and regulatory changes that may impact clinical trial financing and operations.

Requirements

• A bachelor's degree in finance, accounting, or a related field; a master's degree or MBA is preferred.
• A minimum of 7 years of experience in finance, with at least 3 years in a leadership role within the clinical trial or pharmaceutical industry.
• Strong understanding of clinical trial operations and the financial implications associated with them.
• Proven experience in budgeting, forecasting, and financial analysis in a clinical research setting.
• Excellent analytical skills with the ability to interpret complex financial data and provide actionable insights.
• Strong communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams.
• Proficiency in financial software and tools, with advanced Excel skills; experience with ERP systems is a plus.
• Knowledge of relevant regulatory requirements and industry standards related to clinical trials and financial reporting.
• Ability to work in a fast-paced environment and manage multiple priorities effectively.

Nice to have

• Experience with clinical trial budgeting software or financial management systems.
• Familiarity with contract negotiation and vendor management in a clinical trial context.
• Certification as a Certified Public Accountant (CPA) or Chartered Financial Analyst (CFA) is advantageous.
• Previous experience in a biotech or pharmaceutical company is a plus.
• Understanding of the drug development process and the role of finance in supporting clinical research initiatives.

Skills & tools

• Financial modeling and forecasting
• Budget management and variance analysis
• Contract negotiation and vendor management
• Advanced proficiency in Microsoft Excel and financial software
• Strong analytical and problem-solving skills
• Excellent communication and presentation abilities

Practical notes

• This position is based in South San Francisco, California, and may require occasional travel to clinical sites or conferences.
• The salary for this role is competitive and will be determined based on the candidate's experience and qualifications.
• Bamboohr is committed to fostering a diverse and inclusive workplace and encourages applications from individuals of all backgrounds.
• Interested candidates can apply through our careers page at [Bamboohr Careers](https://structuretx.bamboohr.com/careers/427).

Join Bamboohr and play a vital role in shaping the future of clinical research finance. We look forward to your application!