What are the responsibilities and job description for the Sr. Financial Analyst position at Xeris Pharmaceuticals, Inc.?
The Senior Financial Analyst is a key member of the Finance team responsible for providing financial support and analysis focused on inventory management, manufacturing expense and product cost. This person will be the lead business partner to supply chain, technical operations, and manufacturing to ensure accurate tracking and forecasting of manufacturing costs, inventory balances, and product margins. This role combines strong analytical and financial modeling skills with a solid understanding of biopharmaceutical supply chain and manufacturing dynamics.
Responsibilities
As an equal employment opportunity and affirmative action employer, Xeris Pharmaceuticals, Inc. does not discriminate on the basis of race, color, religion, sex, gender identity, sexual orientation, national origin, age, disability, veteran status, genetics or any other characteristic protected by law. It is our intention that all qualified applications are given equal opportunity and that selection decisions be based on job-related factors.
The anticipated base salary range for this position is $75,000 to $100,000. Final determination of base salary offered will depend on several factors relevant to the position, including but not limited to candidate skills, experience, education, market location, and business need. This role will include eligibility for bonus and equity. The total compensation package will also include additional elements such as multiple paid time off benefits, various health insurance options, retirement benefits and more. Details about these and other offerings will be provided at the time a conditional offer of employment is made. Candidates are always welcome to inquire about our compensation and benefits package during the interview process
NOTE: This job description is not intended to be all-inclusive. Employee may perform other related duties as negotiated to meet the ongoing needs of the organization.
Responsibilities
- Financial Planning & Forecasting
- Lead the annual budgeting and quarterly forecasting processes across commercial and lifecycle management manufacturing teams
- Prepare and update detailed expense templates and forecasts; consolidate departmental inputs for review
- Collaborate with FP&A leadership to ensure all financial assumptions are accurate and consistent with company objectives
- Present financial data to all levels of the organization to highlight important drivers and metrics
- Support cash balance projection process through calculation of cash flow impacts related to procurement and production of commercial products
- COGS planning & analysis
- Support quarterly and annual COGS forecasting processes for commercial products
- Develop and maintain cost models to project product gross margins under various volume and pricing scenarios
- Analyze actual vs. forecasted manufacturing costs, including material, labor, and overhead variances
- Provide insights into COGS trends and drivers for management and investor reporting
- Partner with Accounting to lead standard cost setting process leveraging information contained in supplier contracts and production forecasts
- Inventory planning & management
- Collaborate with Supply Chain and Technical Operations to track and forecast inventory levels across raw materials, WIP, and finished goods
- Monitor inventory obsolescence, write-offs, and production yields, providing timely financial impact assessments, including proactive tracking and communication of risks and opportunities
- Support monthly close activities by reconciling inventory balances and COGS entries with Accounting and prepare analysis on key variance drivers
- Help develop and refine inventory reporting tools to improve visibility and accuracy
- Business Partnering
- Act as a financial partner to Supply Chain, Manufacturing, and Quality functions.
- Support budgeting and expense tracking for internal manufacturing and external contract manufacturing organizations (CMOs).
- Assist with financial evaluations of supply agreements, purchase requests, production decisions, and capacity planning initiatives
- Modeling & Systems Support
- Support the FP&A team in maintaining accurate COGS and inventory components within the corporate financial model
- Contribute to process improvements to increase forecasting efficiency and reporting quality, including supporting FP&A system implementation and maintenance
- Bachelor’s Degree in Finance, Accounting, Supply Chain Management or a related field
- 3-5 years of experience in FP&A or corporate finance, ideally within pharmaceuticals, biotech, life sciences, or manufacturing
- Advanced Excel and financial modeling skills
- Familiarity with FP&A systems
- Strong analytical, organization, presentation and communication skills
- Ability to manage multiple priorities and meet deadlines in a fast-paced environment
- Competencies : Methodical, Detail-oriented, Interpersonal skills, Written and Verbal Communication skills, Strategic, Professionalism, Organizational skills, Self-directed, Teamwork, Adaptability
- Working Conditions : Position may require periodic evening and weekend work, as necessary to fulfill obligations. Periodic overnight travel. This is a hybrid role based in Xeris’ Chicago office and requires a minimum of three days per week in the office. On-site requirement may change at management’s discretion.
As an equal employment opportunity and affirmative action employer, Xeris Pharmaceuticals, Inc. does not discriminate on the basis of race, color, religion, sex, gender identity, sexual orientation, national origin, age, disability, veteran status, genetics or any other characteristic protected by law. It is our intention that all qualified applications are given equal opportunity and that selection decisions be based on job-related factors.
The anticipated base salary range for this position is $75,000 to $100,000. Final determination of base salary offered will depend on several factors relevant to the position, including but not limited to candidate skills, experience, education, market location, and business need. This role will include eligibility for bonus and equity. The total compensation package will also include additional elements such as multiple paid time off benefits, various health insurance options, retirement benefits and more. Details about these and other offerings will be provided at the time a conditional offer of employment is made. Candidates are always welcome to inquire about our compensation and benefits package during the interview process
NOTE: This job description is not intended to be all-inclusive. Employee may perform other related duties as negotiated to meet the ongoing needs of the organization.
Salary : $75,000 - $100,000