Business Finance Manager for R&D

As a strategic Business Finance Manager, you will support the Research and Development (R&D) groups and the Project Management Organization (PMO). You will partner with the Senior Vice Presidents of R&D and Vice President of PMO by providing financial insights, strategic guidance, and business partnering to drive decision-making and achieve our financial goals and manage an R&D budget within 5% accuracy. You will also provide financial advice around payback on New Product Investments from Financial Modeling, lead Project Cost Accounting to understand annual project spend, close loop analysis, and responsible for all the R&D annual budget plan, forecast and actual variance analysis.

How You’ll Make an Impact: 

• Financial Planning and Analysis: Lead the financial planning, budgeting, and forecasting processes for the R&D organization. Provide in-depth analysis of OPEX and CAPEX spending, identifying trends, variances, and opportunities for cost optimization. Work closely with R&D and PMO management to ensure robust processes and tools are in place for efficient availability of timely and high-quality financial data as well as actionable insights to leadership for critical financial and business management decisions. 
• Business Partnering: Act as a trusted advisor to R&D and PMO leadership, providing financial insights and strategic guidance to support decision-making. Advocate for the business and collaborate closely with cross-functional teams, including Product Marketing, Regulatory/Clinical Affairs and Global Supply Chain. Build credibility and trust with partner functions by becoming deeply knowledgeable about sustaining & NPD portfolio of projects as well as financials and business implication. 
• Reporting and Analysis: Prepare and present monthly and quarterly financial reports to R&D/PMO leadership and other stakeholders. Develop and maintain financial models to support business planning and decision-making. 
• Cost Management: Monitor and control R&D/PMO expenses, ensuring alignment with budget and strategic objectives. Identify and implement cost-saving initiatives and process improvements. Manage through trade off decisions across spend areas to maximize budget use. 
• Strategic Initiatives: Support the development and execution of strategic initiatives, including new product development, technology investments, and partnerships. Provide financial analysis and recommendations to support business cases and investment decisions in a fast-paced environment. 
• Compliance and Governance: Ensure compliance with financial policies, procedures, and regulations. Maintain accurate and up-to-date financial records and documentation. 
• Provide financial and strategic advice to the Business Partners. 
• Support the annual budget with the expectation to land within [+0% / -5%] of target. 
• A senior finance partner who is the point of contact and accountable for all the financial information, trending analysis, source data and translate into actionable initiatives to support the decision making of the R&D and PMO Leadership Teams. 
• Regular and timely updates around plan, forecast, actual and forward-looking financial visibility with the ability to elaborate from bottoms up to Executive overview around total R&D Financials. Full understanding of Project Cost Accounting, and operating mechanism to drive project investment and its close loop with original business cases.
• Partnering with the Stakeholders to identify options to addressing any gaps presented at the monthly reviews. 
• Proactive and accountable participant on financial discussions, with the ability of problem solving. 
• Be the conduit between R&D / PMO and all financial groups, such as accounting, accounts payable, corporate FP&A, Global Supply Chain, etc. for accounting guidance and support.

What You Bring: 

Senior Finance Leader (Manager) who is a creative problem solver, that can help us transform our current tools and processes. You must be engaged, flexible, and have the ability to build relationships with internal/external customers and finance/non-finance business partners. You are expected to develop an in-depth knowledge of your customers and the product development process to effectively support their business needs and provide accurate forecasts. 

You must be highly motivated, curious, and technically proficient with a strong sense of ownership and business ethics to deliver quality work on a daily basis. We are looking for someone with a strong analytical background and strict attention to detail. You must be a proactive leader exhibiting strong influencing capabilities with business partners and a willingness to maintain open and transparent communication across the organization. 

Required: 

• BS/BA in Accounting, Finance or related field; advanced degree a plus. 
• 10+ years of progressive finance experience with increasing responsibilities, supervising global groups and having P&L responsibility, and management experience in an accounting or finance role, either in public accounting or corporate finance. 
• Demonstrated ability to coach, inspire, lead and develop staff. 
• Detail oriented with attention to process and documentation in addition to accuracy. 
• Strong Excel skills (PivotTables, Sumifs, Sumproduct). 
• Strong written and verbal communication skills to clearly convey monthly reporting to stakeholders. 
• Ability to translate GAAP terms to non-accounting partners. 
• Ability to manage deadlines from multiple project streams. 
• Hands-on; must have a willingness to become involved in the details of the operations to ensure accurate information is provided to the business partners. 

Desired: 

• Experience with Enterprise level Accounting and Planning software desired; SAP knowledge; Oracle Reporting Tool (EPB) preferred; and PowerBI or related preferred.

Total Rewards Package: At Bio-Rad, we’re empowered by our purpose and recognize that our employees are as well. That’s why we offer a competitive and comprehensive Total Rewards Program that provides value, quality, and inclusivity while satisfying the diverse needs of our evolving workforce. Bio-Rad's robust offerings serve to enrich the overall health, wealth, and wellbeing of our employees and their families through the various stages of an employee’s work and life cycle.

Benefits: We’re proud to offer a variety of options, including competitive medical plans for you and your family, free HSA funds, a new fertility offering with stipend, group life and disability,  paid parental leave, 401k plus profit sharing, an employee stock purchase program, a new upgraded and streamlined mental health platform, extensive learning and development opportunities, education benefits, student debt relief program, pet insurance, wellness challenges and support, paid time off, Employee Resource Groups (ERG’s), and more! 

Compensation: The estimated base salary range for this position is $169,800 to $233,400 at the time of posting. Actual compensation will be provided in writing at the time of offer, if applicable, and is based on several factors we believe fairly and accurately impact compensation, including geographic location, experience, knowledge, skills, abilities, and other job permitted factors. This position is eligible for a variable annual bonus, which is dependent upon achievement of your individual objectives and Company performance.

Who We Are: For 70 years, Bio-Rad has focused on advancing the discovery process and transforming the fields of science and healthcare. As one of the top five life science companies, we are a global leader in developing, manufacturing, and marketing a broad range of high-quality research and clinical diagnostic products. We help people everywhere live longer, healthier lives. Recently voted a Best Place to Work, Bio-Rad offers a unique employee experience with collaborative teams that span the globe. Here, you are supported by leadership to build your career and are empowered to drive change that makes an impact you can see.  

EEO Statement: Bio-Rad is an Equal Employment Opportunity/Affirmative Action employer, and we welcome candidates of all backgrounds. Veterans, people with physical or mental disabilities, and people of all race, color, sex, sexual orientation, gender identity, religion, national origin and citizenship status are encouraged to apply.

Agency Non-Solicitation: Bio-Rad does not accept agency resumes, unless the agency has been authorized by a Bio-Rad Recruiting Representative. Please do not submit resumes unless authorized to do so. Bio-Rad will not pay for any fees related to unsolicited resumes.

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