What are the responsibilities and job description for the Associate Director, Clinical Development Finance position at Merck?
Job Description
Our company is committed to being the world’s premier research-intensive biopharmaceutical company. Our company's Research Laboratories drives breakthrough science through drug discovery, development and clinical evaluation that radically changes approaches to medical need. Finance is a trusted business partner, playing a critical role in ensuring effective resource utilization to achieve this mission. This is a unique opportunity to gain exposure and contribute to the R&D engine that drives our company's biopharmaceutical business.
Associate Director, Clinical Development Finance (CDF) is responsible for overall financial support for translational medicine across all therapeutic areas in Global Clinical Development. In addition, the incumbent will be responsible for overall financial support for partnerships and collaborations across the General and Specialty Medicine, Vaccines and Infectious Diseases therapeutic areas. The incumbent will manage a team of financial professionals, supporting clinical cost forecasting and analytics, supporting clients and clinical sub-teams, conducting monthly close activities, tracking of actuals, and ensuring compliance for clinical out of pocket (OOP) spending, and external engagement with collaboration partners. The incumbent is also responsible for developing, coaching, and managing team members to meet both business and individual goals.
Under the guidance of the Director, Global Clinical Development Finance, the Associate Director will:
#Eligableforerp
Required Skills
Achieving Objectives, Commercial Banking Relationship Management, Communication, Customer Experience Management, Economic Research, Economic Studies, Financial Analysis, Financial Modeling, Generally Accepted Accounting Principles (GAAP), People Leadership, Planning Budgeting And Forecasting (PBF), Preparation of Financial Reports, Professional Guidance, Profit and Loss (P&L) Analysis, Proven Commitment, Tax Compliance, Trend Analysis
Preferred Skills
Current Employees apply HERE
Current Contingent Workers apply HERE
US And Puerto Rico Residents Only
Our company is committed to inclusion, ensuring that candidates can engage in a hiring process that exhibits their true capabilities. Please click here if you need an accommodation during the application or hiring process.
Requirements
As an Equal Employment Opportunity Employer, we provide equal opportunities to all employees and applicants for employment and prohibit discrimination on the basis of race, color, age, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability status, or other applicable legally protected characteristics. As a federal contractor, we comply with all affirmative action requirements for protected veterans and individuals with disabilities. For more information about personal rights under the U.S. Equal Opportunity Employment laws, visit:
EEOC Know Your Rights
EEOC GINA Supplement
We are proud to be a company that embraces the value of bringing together, talented, and committed people with diverse experiences, perspectives, skills and backgrounds. The fastest way to breakthrough innovation is when people with diverse ideas, broad experiences, backgrounds, and skills come together in an inclusive environment. We encourage our colleagues to respectfully challenge one another’s thinking and approach problems collectively.
Learn more about your rights, including under California, Colorado and other US State Acts
U.S. Hybrid Work Model
Effective September 5, 2023, employees in office-based positions in the U.S. will be working a Hybrid work consisting of three total days on-site per week, Monday - Thursday, although the specific days may vary by site or organization, with Friday designated as a remote-working day, unless business critical tasks require an on-site presence.This Hybrid work model does not apply to, and daily in-person attendance is required for, field-based positions; facility-based, manufacturing-based, or research-based positions where the work to be performed is located at a Company site; positions covered by a collective-bargaining agreement (unless the agreement provides for hybrid work); or any other position for which the Company has determined the job requirements cannot be reasonably met working remotely. Please note, this Hybrid work model guidance also does not apply to roles that have been designated as “remote”.
The salary range for this role is
$129,000.00 - $203,100.00
This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. An employee’s position within the salary range will be based on several factors including, but not limited to relevant education, qualifications, certifications, experience, skills, geographic location, government requirements, and business or organizational needs.
The successful candidate will be eligible for annual bonus and long-term incentive, if applicable.
We offer a comprehensive package of benefits. Available benefits include medical, dental, vision healthcare and other insurance benefits (for employee and family), retirement benefits, including 401(k), paid holidays, vacation, and compassionate and sick days. More information about benefits is available at https://jobs.merck.com/us/en/compensation-and-benefits.
You can apply for this role through https://jobs.merck.com/us/en (or via the Workday Jobs Hub if you are a current employee). The application deadline for this position is stated on this posting.
San Francisco Residents Only: We will consider qualified applicants with arrest and conviction records for employment in compliance with the San Francisco Fair Chance Ordinance
Los Angeles Residents Only: We will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws, including the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance
Search Firm Representatives Please Read Carefully
Merck & Co., Inc., Rahway, NJ, USA, also known as Merck Sharp & Dohme LLC, Rahway, NJ, USA, does not accept unsolicited assistance from search firms for employment opportunities. All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for this position will be deemed the sole property of our company. No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre-existing agreement is in place. Where agency agreements are in place, introductions are position specific. Please, no phone calls or emails.
Employee Status
Regular
Relocation:
No relocation
VISA Sponsorship
No
Travel Requirements
10%
Flexible Work Arrangements
Hybrid
Shift
Not Indicated
Valid Driving License
No
Hazardous Material(s)
n/a
Job Posting End Date
04/10/2026
Our company is committed to being the world’s premier research-intensive biopharmaceutical company. Our company's Research Laboratories drives breakthrough science through drug discovery, development and clinical evaluation that radically changes approaches to medical need. Finance is a trusted business partner, playing a critical role in ensuring effective resource utilization to achieve this mission. This is a unique opportunity to gain exposure and contribute to the R&D engine that drives our company's biopharmaceutical business.
Associate Director, Clinical Development Finance (CDF) is responsible for overall financial support for translational medicine across all therapeutic areas in Global Clinical Development. In addition, the incumbent will be responsible for overall financial support for partnerships and collaborations across the General and Specialty Medicine, Vaccines and Infectious Diseases therapeutic areas. The incumbent will manage a team of financial professionals, supporting clinical cost forecasting and analytics, supporting clients and clinical sub-teams, conducting monthly close activities, tracking of actuals, and ensuring compliance for clinical out of pocket (OOP) spending, and external engagement with collaboration partners. The incumbent is also responsible for developing, coaching, and managing team members to meet both business and individual goals.
Under the guidance of the Director, Global Clinical Development Finance, the Associate Director will:
- Oversee the forecast process related to Translational Medicine studies, as well as providing financial support for associated collaborations with external partners across the General & Specialty Medicine, Vaccines and Infectious Diseases therapeutic areas.
- Work across the CDF team to provide financial reporting and analytical support in order to enhance business insights for our Research Department business partners.
- Lead a team of finance professionals serving as point of contact for multiple stakeholders including external partners, Global Project and Alliance Management, Early Development Team (EDT) Leaders, Product Development Team (PDT) Leaders, and Clinical Study Managers regarding study budgets, site and vendor related payments
- Partner with Discovery, Preclinical, Translational Medicine (DPTM) Finance to monitor progression of preclinical candidates (PCC) and assess financial impacts of PCC conversion to clinical compounds
- Develop and participate in team presentations to the Discovery and Translational Research Committee (DTRC) and the Late Development Review Committee (LDRC).
- Support project team decision making by providing relevant financial information and insight
- Own critical components of the Long Range Operating Plan (LROP), Budget, and Quarterly Forecasts
- Confirm accurate accounting of all US site payments related to visits completed, milestones completed and reimbursement for out of pocket expenses according to Generally Accepted Accounting Principles, the Sarbanes Oxley Act as well as internal and external accounting guidance
- Gain end-to-end exposure to our Company's drug development process and the R&D pipeline while gaining relevant experience supporting a function within Global Clinical Development.
- Influence and impact by helping clients navigate a world of almost limitless scientific opportunities with limited financial resources. A background in science is helpful, but not necessary.
- Expand your toolkit beyond standard P&L analytical approaches, including big data analysis, clinical studies, partnerships and collaborations management, and resource allocation analysis.
- Further develop your creative thinking and problem-solving skills as many problems don’t have hard anchor points or routine analytical approaches.
- Increase your network through engagement with other business partners (Clinical, Project Mgmt., Procurement, etc.)
- Gain experience in people management, change management, and project management.
- Bachelors in Business, Finance, Science or Engineering
- Minimum of 5 years of operations or Finance experience
- MBA or other Masters/PhD in Business, Finance, Science or Engineering
- Excellent analytical skills and the ability to develop business operations models
- Strong financial acumen
- Proactive approach to problem solving
- Results and process-driven orientation
- Demonstrated ability to effectively work in a challenging and complex environment.
- Demonstrated ability to influence, build and maintain client and peer relationships
- Sound and balanced judgment, with the ability to assess and handle risk
- Excellent communications skills
- Strong system skills especially working with SAP, PowerBI, BPC, and MS Excel
#Eligableforerp
Required Skills
Achieving Objectives, Commercial Banking Relationship Management, Communication, Customer Experience Management, Economic Research, Economic Studies, Financial Analysis, Financial Modeling, Generally Accepted Accounting Principles (GAAP), People Leadership, Planning Budgeting And Forecasting (PBF), Preparation of Financial Reports, Professional Guidance, Profit and Loss (P&L) Analysis, Proven Commitment, Tax Compliance, Trend Analysis
Preferred Skills
Current Employees apply HERE
Current Contingent Workers apply HERE
US And Puerto Rico Residents Only
Our company is committed to inclusion, ensuring that candidates can engage in a hiring process that exhibits their true capabilities. Please click here if you need an accommodation during the application or hiring process.
Requirements
As an Equal Employment Opportunity Employer, we provide equal opportunities to all employees and applicants for employment and prohibit discrimination on the basis of race, color, age, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability status, or other applicable legally protected characteristics. As a federal contractor, we comply with all affirmative action requirements for protected veterans and individuals with disabilities. For more information about personal rights under the U.S. Equal Opportunity Employment laws, visit:
EEOC Know Your Rights
EEOC GINA Supplement
We are proud to be a company that embraces the value of bringing together, talented, and committed people with diverse experiences, perspectives, skills and backgrounds. The fastest way to breakthrough innovation is when people with diverse ideas, broad experiences, backgrounds, and skills come together in an inclusive environment. We encourage our colleagues to respectfully challenge one another’s thinking and approach problems collectively.
Learn more about your rights, including under California, Colorado and other US State Acts
U.S. Hybrid Work Model
Effective September 5, 2023, employees in office-based positions in the U.S. will be working a Hybrid work consisting of three total days on-site per week, Monday - Thursday, although the specific days may vary by site or organization, with Friday designated as a remote-working day, unless business critical tasks require an on-site presence.This Hybrid work model does not apply to, and daily in-person attendance is required for, field-based positions; facility-based, manufacturing-based, or research-based positions where the work to be performed is located at a Company site; positions covered by a collective-bargaining agreement (unless the agreement provides for hybrid work); or any other position for which the Company has determined the job requirements cannot be reasonably met working remotely. Please note, this Hybrid work model guidance also does not apply to roles that have been designated as “remote”.
The salary range for this role is
$129,000.00 - $203,100.00
This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. An employee’s position within the salary range will be based on several factors including, but not limited to relevant education, qualifications, certifications, experience, skills, geographic location, government requirements, and business or organizational needs.
The successful candidate will be eligible for annual bonus and long-term incentive, if applicable.
We offer a comprehensive package of benefits. Available benefits include medical, dental, vision healthcare and other insurance benefits (for employee and family), retirement benefits, including 401(k), paid holidays, vacation, and compassionate and sick days. More information about benefits is available at https://jobs.merck.com/us/en/compensation-and-benefits.
You can apply for this role through https://jobs.merck.com/us/en (or via the Workday Jobs Hub if you are a current employee). The application deadline for this position is stated on this posting.
San Francisco Residents Only: We will consider qualified applicants with arrest and conviction records for employment in compliance with the San Francisco Fair Chance Ordinance
Los Angeles Residents Only: We will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws, including the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance
Search Firm Representatives Please Read Carefully
Merck & Co., Inc., Rahway, NJ, USA, also known as Merck Sharp & Dohme LLC, Rahway, NJ, USA, does not accept unsolicited assistance from search firms for employment opportunities. All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for this position will be deemed the sole property of our company. No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre-existing agreement is in place. Where agency agreements are in place, introductions are position specific. Please, no phone calls or emails.
Employee Status
Regular
Relocation:
No relocation
VISA Sponsorship
No
Travel Requirements
10%
Flexible Work Arrangements
Hybrid
Shift
Not Indicated
Valid Driving License
No
Hazardous Material(s)
n/a
Job Posting End Date
04/10/2026
- A job posting is effective until 11:59:59PM on the day BEFORE the listed job posting end date. Please ensure you apply to a job posting no later than the day BEFORE the job posting end date.
Salary : $129,000 - $203,100