What are the responsibilities and job description for the Vice President, Finance position at Flagship Pioneering?
Who We Are
Flagship Pioneering is a biotechnology company that invents and builds platform companies that change the world. We bring together the greatest scientific minds with entrepreneurial company builders and assemble capital to allow them to take courageous leaps. Those big leaps in human health and sustainability exponentially accelerate scientific progress in areas ranging from cancer detection and treatment to nature-positive agriculture.
What sets Flagship apart is our ability to advance biotechnology by uniting life science innovation, company creation, and capital investment under one roof in a way that is largely without precedent. Our scientific founders, entrepreneurial leaders, and professional capital managers are each aligned around an institutionalized process that enables us to innovate and transform for the benefit of people and planet.
Many of the companies Flagship has founded have addressed humanity’s most urgent challenges: vaccinating billions of people against COVID-19, curing intractable diseases, improving human health, preempting illness, and feeding the world by improving the resiliency and sustainability of agriculture.
Flagship has been recognized twice on FORTUNE’s “Change the World” list, an annual ranking of companies that have made a positive social and environmental impact through activities that are part of their core business strategies and has been twice named to Fast Company’s annual list of the World’s Most Innovative Companies.
Position Summary:
The VP of Finance at Flagship Labs will serve as a strategic finance partner to a portfolio of early-stage platform companies (pre-Series A through Series B). This individual will advise company leadership on financial strategy while overseeing the day-to-day financial operations of each portfolio company, including month-end closing, cash management, budgeting and forecasting, administrative functions, and technology oversight.
Key Responsibilities:
At Flagship, we recognize there is no perfect candidate. If you have some of the experience listed above but not all, please apply anyway. Experience comes in many forms, skills are transferable, and passion goes a long way. We are dedicated to building diverse and inclusive teams and look forward to learning more about your unique background.
Recruitment & Staffing Agencies: Flagship Pioneering and its affiliated Flagship Lab companies (collectively, “FSP”) do not accept unsolicited resumes from any source other than candidates. The submission of unsolicited resumes by recruitment or staffing agencies to FSP or its employees is strictly prohibited unless contacted directly by Flagship Pioneering’s internal Talent Acquisition team. Any resume submitted by an agency in the absence of a signed agreement will automatically become the property of FSP, and FSP will not owe any referral or other fees with respect thereto
The salary range for this role is $265,000 - $330,000. Compensation for the role will depend on a number of factors, including a candidate’s qualifications, skills, competencies, and experience. Flagship Pioneering currently offers healthcare coverage, annual incentive program, retirement benefits and a broad range of other benefits. Compensation and benefits information is based on Flagship Pioneering's good faith estimate as of the date of publication and may be modified in the future.
Flagship Pioneering is a biotechnology company that invents and builds platform companies that change the world. We bring together the greatest scientific minds with entrepreneurial company builders and assemble capital to allow them to take courageous leaps. Those big leaps in human health and sustainability exponentially accelerate scientific progress in areas ranging from cancer detection and treatment to nature-positive agriculture.
What sets Flagship apart is our ability to advance biotechnology by uniting life science innovation, company creation, and capital investment under one roof in a way that is largely without precedent. Our scientific founders, entrepreneurial leaders, and professional capital managers are each aligned around an institutionalized process that enables us to innovate and transform for the benefit of people and planet.
Many of the companies Flagship has founded have addressed humanity’s most urgent challenges: vaccinating billions of people against COVID-19, curing intractable diseases, improving human health, preempting illness, and feeding the world by improving the resiliency and sustainability of agriculture.
Flagship has been recognized twice on FORTUNE’s “Change the World” list, an annual ranking of companies that have made a positive social and environmental impact through activities that are part of their core business strategies and has been twice named to Fast Company’s annual list of the World’s Most Innovative Companies.
Position Summary:
The VP of Finance at Flagship Labs will serve as a strategic finance partner to a portfolio of early-stage platform companies (pre-Series A through Series B). This individual will advise company leadership on financial strategy while overseeing the day-to-day financial operations of each portfolio company, including month-end closing, cash management, budgeting and forecasting, administrative functions, and technology oversight.
Key Responsibilities:
- Collaborate with platform company leadership teams to develop long-term strategic plans, define key milestones, and build detailed financial models and projections
- Partner with Pioneering Business Unit (PBU) Leadership, Flagship Labs Leadership, Business Analytics and Pipeline & Product Innovation (P&PI) team to create value maps with potential unlocks for portfolio companies
- Oversee cash flow planning in alignment with financing requirements and scientific milestones
- Oversee annual budgets, rolling monthly forecasts and long-range plans for responsible portfolio companies in partnership with FP&A.
- Prepare financial materials for Board of Directors meetings and other governance meetings. Support corporate governance activities.
- Oversee the Venture Debt strategy, execution, and governance across Flagship Lab, ensuring disciplined paydowns, amortization schedules, vehicle drawdowns & extensions and financials reporting.
- Partner with the Flagship Facilities team to strategically optimize space allocation across portfolio companies, proactively planning for headcount growth and evolving capital requirements.
- Drive high-impact projects typical of rapidly scaling biotechnology startups, including efficient system implementations, standardized processes, and operational process improvements across portfolio companies
- Provide ad hoc financial reporting and strategic analysis as needed
- 10 years of financial and accounting experience in the life sciences / biotechnology industry. Experience in a company that completed a successful IPO is a plus
- BS/BA in accounting or finance; MBA and/or CPA preferred
- Strong business acumen: proven ability to effectively scrutinize and challenge assumptions and interpret the strategy and priorities of the organization in financial terms
- Excellent project management / consultative skills with demonstrated track record and ability to manage competing priorities and stakeholders
- Strong presentation skills to deliver succinctly and effectively deliver recommendations to senior leaders and frame complex concepts
At Flagship, we recognize there is no perfect candidate. If you have some of the experience listed above but not all, please apply anyway. Experience comes in many forms, skills are transferable, and passion goes a long way. We are dedicated to building diverse and inclusive teams and look forward to learning more about your unique background.
Recruitment & Staffing Agencies: Flagship Pioneering and its affiliated Flagship Lab companies (collectively, “FSP”) do not accept unsolicited resumes from any source other than candidates. The submission of unsolicited resumes by recruitment or staffing agencies to FSP or its employees is strictly prohibited unless contacted directly by Flagship Pioneering’s internal Talent Acquisition team. Any resume submitted by an agency in the absence of a signed agreement will automatically become the property of FSP, and FSP will not owe any referral or other fees with respect thereto
The salary range for this role is $265,000 - $330,000. Compensation for the role will depend on a number of factors, including a candidate’s qualifications, skills, competencies, and experience. Flagship Pioneering currently offers healthcare coverage, annual incentive program, retirement benefits and a broad range of other benefits. Compensation and benefits information is based on Flagship Pioneering's good faith estimate as of the date of publication and may be modified in the future.
Salary : $265,000 - $330,000