Senior Manager Of Manufacturing, Accounting And Finance

Talis Biomedical Menlo Park , CA 94025

Posted 2 months ago

Company Overview

Talis Biomedical

Talis aims to transform diagnostic testing by developing and commercializing innovative products that are designed to enable accurate, reliable, low cost and rapid molecular testing for infectious diseases and other conditions at the point-of-care. While timely diagnosis of infectious diseases is critically important to enable effective treatment, testing is primarily performed in centralized laboratories, which require samples to be shipped for processing, delaying the return of results by days. Point-of-care testing solves this problem by delivering the timely information necessary for clinical care.

We are developing the Talis One platform, a sample-to-answer, cloud-enabled molecular diagnostic platform that, once authorized, could be rapidly deployed to distributed diagnostic settings in the United States and around the world to diagnose infectious disease at the point-of-care. The Talis One platform comprises a compact instrument, single-use test cartridges and software, including a central cloud database, which work together and are designed to provide central laboratory levels of accuracy and be operated by an untrained user.

Talis has raised more than $500 million in the past twelve months, including a $254 million IPO. We are actively preparing for our initial product launch that tests for COVID-19 and a rapid commercial and operations scale-up.

The Role

The Senior Manager of Manufacturing, is responsible for developing, implementing and managing the company's cost accounting and operations finance function ensuring financial reporting and controls compliance, as well as cost optimization and profitability growth. He/she will play the role of trusted influencer who drives shareholder value and safeguards company assets. The candidate needs to have an in-depth knowledge of operations finance, cost accounting concepts, applicable US GAAP accounting standards and manufacturing acumen. The role includes set-up and review of standard costs, overhead rates, absorption, variances, inventory controls, identification of inherent risks, recording journal entries, ownership of associated general ledger accounts, and support of budgeting, forecasting, gross margin, insourcing/outsourcing, and other ad hoc decision-support analyses.

The ideal candidate will be a proven individual contributor with a track record of driving to create an impact in the relationship with business partners, as well as have demonstrated potential to lead and manage others. It also requires an ability to be adaptable to fast changing business/operational conditions. The position collaborates with cross functional teams and is a business partner to the SVP of Operations and his teams, including Supply Chain and Quality Control.

Essential Duties/Responsibilities/Requirements

  • Collaborate with Operations and other functional teams to plan, analyze, and present, metrics, and related business drivers including but not limited to those associated with, inventory, manufacturing variances (i.e., absorption) and other elements of gross margin.

  • Interface with internal and external auditors and support overall control framework, prepare and provide documents for annual audit and SOX reviews.

  • Lead modeling of business cases and other decision-support analyses (i.e., make-buy).

  • Leverage business, financial, and systems knowledge to generate business insights, and identify cost savings opportunities related to inventory and gross margin.

  • Responsible for cost accounting; develop metrics to drives forecast accuracy, process improvement initiatives, as well as trend and variance analysis.

  • Develops, defines and/or monitors policies and procedures for all cost accounting and inventory activities.

  • Works with the business to monitor on-going cycle counts, ensuring accuracy of inventory; analyzes results and any adjustments, investigating variances, and resolves issues through the proactive use of root cause analysis. In addition, working with the external auditors while partnering with the business for the year-end inventory count.

  • Monitors and reconciles inventory reserves, excess and obsolescence.

  • Serves as an internal technical cost accounting resource during the contract negotiation and contract review process related to contract pricing.

  • Partners with operations to develop and maintain accurate standard costs in conjunction with current and proposed BOM's; develops and monitors overhead rates.

  • Collaborate with supply chain department on S&OP process and to optimize inventory levels.

Education, Knowledge & Experience

  • Bachelor's degree in Accounting, Finance, or related discipline preferred.

  • CPA or CMA preferred, MBA a plus.

  • 10+ years' experience in Accounting or Finance, with emphasis on cost accounting/operations finance; preferably diagnostics, medical device or biotech. Public company preferred.

  • Hands-on ERP experience required; NetSuite experience preferred.

  • Strong Microsoft Excel, PowerPoint, and financial modeling skills.

  • Deep understanding and business knowledge of US GAAP, as well as an understanding of internal accounting controls.

  • Expertise in cost accounting and finance concepts with a focus on accuracy and attention to detail.

  • Analytical background as it pertains to identifying and explaining manufacturing variances (absorption, spend, etc.), inventory, and other gross margin-related financial drivers to finance and business leaders.

  • Self-directed and eager to grow and adapt in a changing and fast-paced environment with multiple projects and priorities under tight timelines.

  • Proven ability to translate technical cost accounting concepts and policy into execution focused on process improvement.

  • Ability to effectively interact with, and influence, business partners, other functions, and senior leaders.

  • Strong interpersonal skills and ability to communicate clearly and concisely both verbally and in writing to all levels within the organization.

Talis offers excellent health and welfare benefits, stock options, ESPP and 401(k) programs with Company match. Talis is a team of dedicated and collaborative employees committed to improving healthcare. Talis is proud to be an equal opportunity workplace.

All aspects of employment decisions will be based on merit, competence, performance, and business needs. We do not discriminate based on any status protected under federal, state, or local law. We celebrate diversity and are committed to creating an inclusive environment for our colleagues.

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VIEW JOBS 4/30/2021 12:00:00 AM 2021-07-29T00:00 Company Overview Talis Biomedical Talis aims to transform diagnostic testing by developing and commercializing innovative products that are designed to enable accurate, reliable, low cost and rapid molecular testing for infectious diseases and other conditions at the point-of-care. While timely diagnosis of infectious diseases is critically important to enable effective treatment, testing is primarily performed in centralized laboratories, which require samples to be shipped for processing, delaying the return of results by days. Point-of-care testing solves this problem by delivering the timely information necessary for clinical care. We are developing the Talis One platform, a sample-to-answer, cloud-enabled molecular diagnostic platform that, once authorized, could be rapidly deployed to distributed diagnostic settings in the United States and around the world to diagnose infectious disease at the point-of-care. The Talis One platform comprises a compact instrument, single-use test cartridges and software, including a central cloud database, which work together and are designed to provide central laboratory levels of accuracy and be operated by an untrained user. Talis has raised more than $500 million in the past twelve months, including a $254 million IPO. We are actively preparing for our initial product launch that tests for COVID-19 and a rapid commercial and operations scale-up. The Role The Senior Finance Manager of Manufacturing, is responsible for developing, implementing and managing the company's cost accounting and operations finance function ensuring financial reporting and controls compliance, as well as cost optimization and profitability growth. He/she will play the role of trusted influencer who drives shareholder value and safeguards company assets. The candidate needs to have an in-depth knowledge of operations finance, cost accounting concepts, applicable US GAAP accounting standards and manufacturing acumen. The role includes set-up and review of standard costs, overhead rates, absorption, variances, inventory controls, identification of inherent risks, recording journal entries, ownership of associated general ledger accounts, and support of budgeting, forecasting, gross margin, insourcing/outsourcing, and other ad hoc decision-support analyses. The ideal candidate will be a proven individual contributor with a track record of driving to create an impact in the relationship with business partners, as well as have demonstrated potential to lead and manage others. It also requires an ability to be adaptable to fast changing business/operational conditions. The position collaborates with cross functional teams and is a business partner to the SVP of Operations and his teams, including Supply Chain and Quality Control. Essential Duties/Responsibilities/Requirements * Collaborate with Operations and other functional teams to plan, analyze, and present, metrics, and related business drivers including but not limited to those associated with, inventory, manufacturing variances (i.e., absorption) and other elements of gross margin. * Interface with internal and external auditors and support overall control framework, prepare and provide documents for annual audit and SOX reviews. * Lead modeling of business cases and other decision-support analyses (i.e., make-buy). * Leverage business, financial, and systems knowledge to generate business insights, and identify cost savings opportunities related to inventory and gross margin. * Responsible for cost accounting; develop metrics to drives forecast accuracy, process improvement initiatives, as well as trend and variance analysis. * Develops, defines and/or monitors policies and procedures for all cost accounting and inventory activities. * Works with the business to monitor on-going cycle counts, ensuring accuracy of inventory; analyzes results and any adjustments, investigating variances, and resolves issues through the proactive use of root cause analysis. In addition, working with the external auditors while partnering with the business for the year-end inventory count. * Monitors and reconciles inventory reserves, excess and obsolescence. * Serves as an internal technical cost accounting resource during the contract negotiation and contract review process related to contract pricing. * Partners with operations to develop and maintain accurate standard costs in conjunction with current and proposed BOM's; develops and monitors overhead rates. * Collaborate with supply chain department on S&OP process and to optimize inventory levels. Education, Knowledge & Experience * Bachelor's degree in Accounting, Finance, or related discipline preferred. * CPA or CMA preferred, MBA a plus. * 10+ years' experience in Accounting or Finance, with emphasis on cost accounting/operations finance; preferably diagnostics, medical device or biotech. Public company preferred. * Hands-on ERP experience required; NetSuite experience preferred. * Strong Microsoft Excel, PowerPoint, and financial modeling skills. * Deep understanding and business knowledge of US GAAP, as well as an understanding of internal accounting controls. * Expertise in cost accounting and finance concepts with a focus on accuracy and attention to detail. * Analytical background as it pertains to identifying and explaining manufacturing variances (absorption, spend, etc.), inventory, and other gross margin-related financial drivers to finance and business leaders. * Self-directed and eager to grow and adapt in a changing and fast-paced environment with multiple projects and priorities under tight timelines. * Proven ability to translate technical cost accounting concepts and policy into execution focused on process improvement. * Ability to effectively interact with, and influence, business partners, other functions, and senior leaders. * Strong interpersonal skills and ability to communicate clearly and concisely both verbally and in writing to all levels within the organization. Talis offers excellent health and welfare benefits, stock options, ESPP and 401(k) programs with Company match. Talis is a team of dedicated and collaborative employees committed to improving healthcare. Talis is proud to be an equal opportunity workplace. All aspects of employment decisions will be based on merit, competence, performance, and business needs. We do not discriminate based on any status protected under federal, state, or local law. We celebrate diversity and are committed to creating an inclusive environment for our colleagues. Talis Biomedical Menlo Park CA

Senior Manager Of Manufacturing, Accounting And Finance

Talis Biomedical