Associate Director, Financial Planning & Analysis

Associate Director, Financial Planning & Analysis

Introduction:

Xencor is an innovative, clinical-stage biopharmaceutical company located in the Los Angeles area-near Pasadena-and in San Diego. We use our pioneering XmAb technology to discover and develop better biotherapeutics, antibodies and cytokines with improved function, with the goal of improving patient outcomes and quality of life. For more information, please visit www.xencor.com. We have an excellent opportunity for an Associate Director, Financial Planning & Analysis to join our team.

This position is a hybrid role with 2-3 days a week onsite and can be based out of our San Diego or Pasadena, CA locations.

Summary:

Responsible for providing comprehensive strategic and operational financial support and insights to optimize performance, reinforce strategic planning, and facilitate informed business decisions.

Job Duties:

Planning and budgeting

• Drives long-range plan development, enabling leadership to shape the strategic outlook for the organization

• Forecasts operating expenses, headcount, and CapEx by program and department

• Manages and improves various enterprise and program cost models to inform long-range planning, valuations, and new business opportunities

• Consolidates corporate planning and budgeting financial reporting

• Functions as financial business partner to G&A leadership, and other departments, as appropriate

• Contributes to strategic planning by providing insights and recommendations to improve processes, reduce costs, and enhance overall performance.

Analytics and decision support

• Manages, builds, and improves program and departmental reporting packages that provide actionable insights to stakeholders and help support decision making

• Facilitates the periodic financial results review with applicable partners to ensure awareness of financial performance and identification of risk and opportunities

• Manages internal resource planning models and ensures completeness and accuracy

• Conducts scenario analyses, partnering with key stakeholder across the business

• Reviews and tracks cash balance, highlighting risks and opportunities

• Supports requests for ad-hoc analysis / reports to finance, senior management, accounting, external partners, and other key stakeholders

Systems and modeling

• Oversees financial planning system and processes as the internal system administrator

• Develops and manages roadmap for FP&A system / processes and align with corporate priorities and needs

Other Finance duties

• Supports potential business development assessments and valuation initiatives

• Manages tracking and reporting of potential sales and / or development milestones

• Provides ad hoc audit support for in-scope controls and reviews

• Complies with Company policies, standard operating procedures, operating guidelines, and other written instructions

• Drives development of meaningful financial analyses and creates effective presentations to communicate conclusions and recommendations to senior leadership

• Drives development and implementation of key process improvement initiatives

• Proactively engages with Finance colleagues and business partners to develop process improvements to planning, analyses, and reporting

• Adheres to all department and company-wide policies regarding conduct, performance, and procedures

• Provides oversight and direction to direct and indirect reports, as applicable, in accordance with the organization's policies and procedures. The responsibilities may include, but are not limited to recruiting, training, communicating job expectations, appraising and managing job performance, delivering feedback and coaching, and providing career development planning and opportunities

Performs other duties as assigned.

Education/Experience/Skills:

Position requires a BS in Finance, Accounting, Economics, or relevant field, and at least 10 years relevant financial analysis experience; an MBA or Master's degree with at least 8 years' experience is preferred. Experience with project reporting, operational accounting and reporting, and advanced MS Office experience is also required. Requires in depth experience utilizing financial concepts, including budgeting, forecasting, and variance analysis. Experience in the biotech, pharmaceutical industry, or clinical research organization preferred. Prior experience and expertise working with Netsuite PBCS (or similar), PowerBI, Excel/VBA also preferred

Position also requires:

• Effective leadership and working skill in teamwork, delegation, organization, and coordination

• Judgement, initiative, and ability to deal with complex ideas and relationships while exercising discretion with confidential information

• Strong understanding of technical accounting principles

• Ability to multi-task, work well under pressure, and prioritize

• Ability to build strong relationships with Finance and non-Finance business partners

• Strong financial, analytical, and problem-solving skills

• Ability to actively manage the execution of projects that involve cross-functional stakeholders

• Thorough understanding of clinical trials, drug development, Phase I through Phase III

• Outstanding flexibility and adaptability suited for the changing requirements and fast pace of a small biotechnology company

• Knowledge of US GAAP and SOX principles

• Ability to demonstrate competencies applicable for job based on Xencor's Leadership Competency Model.

Occasional travel may be required, including travel between Xencor's Pasadena and San Diego offices. Work for this position is generally performed at Xencor's worksite and requires full-time commitment.

Expected Base Salary Range: $xx,xxx - $xx,xxx

The actual salary will be based on the selected candidate's qualifications, including skills, competencies, education and experience. Xencor offers a competitive total rewards package including 401k match, healthcare coverage, ESPP and a broad range of other benefits. In addition, this position will be eligible for an annual bonus and equity grant. For more information, please see https://xencor.com/careers/.

Xencor requires all employees to be fully vaccinated against COVID-19 as a condition of employment. Being fully vaccinated means that at least two weeks have passed since an individual's final dose of an authorized COVID-19 vaccine regimen. New employees will be required to provide proof of their COVID-19 vaccination status as of their start date unless an exemption or accommodation is approved.

Americans with Disabilities Act (ADA) Statement

The Company will provide reasonable accommodations (such as a qualified sign language interpreter or other personal assistance) with the application process upon your request as required to comply with applicable laws. If you have a disability and require assistance in this application process, please contact HR@xencor.com.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable Accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.

Equal Employment Opportunity (EEO) Statement

The Company is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender or gender identity, national origin, disability status, protected veteran status or any other characteristic protected by state or federal law.

Xencor does not accept profiles or resumes from recruiting vendors without a binding written agreement. Any unsolicited submission of services and or resumes in no way creates an obligation or duty by Xencor, implied or otherwise.

Other details

• Job Family Director Jobs

• Pay Type Salary

• Employment Indicator Hybrid

• Travel Required No

• Required Education Bachelor's Degree

Apply Now

• Xencor, Inc., 465 N. Halstead St., Pasadena, California, United States of America