Senior Financial Analyst

Published: 6/14/2022

Job Description

Senior Financial Analyst, FP&A

At Vericel Corporation, we are pioneers in advanced cell therapies for sports medicine and severe burn care, transforming patient lives through cutting-edge regenerative medicine. Our commitment to innovation, patient-centered focus, and scientific excellence drives us to develop groundbreaking treatments including MACI (knee cartilage repair), Epicel and Nexobrid (burn care).

Position Summary

The Senior Financial Analyst, FP&A is responsible for financial planning, forecasting, reporting, and analysis for assigned areas of the business. This role serves as a financial business partner to functional leaders, providing meaningful financial insights, identifying key business and expense drivers, and helping leaders understand performance against budget and forecast.

The Senior Financial Analyst plays an active role in Vericel’s annual budgeting and quarterly forecasting processes, monthly financial reporting, variance analysis, capital planning, and management reporting. This individual will work closely with Finance and business leaders to translate financial data into actionable insights that support effective decision-making and overall company performance.

Schedule: This position is in-office from Monday – Thursday in our new Burlington, MA location, with flexibility to work remotely on Fridays.

Duties and Responsibilities:

Financial Planning & Forecasting

Own the budgeting and forecasting process for assigned functions, partnering directly with functional leaders to develop accurate and well-supported financial plans.
Understand key business, headcount, and expense drivers and incorporate them into budgets and forecasts.
Develop and maintain financial models supporting operating plans, forecasts, and business decisions.
Identify risks and opportunities to financial performance and proactively communicate potential impacts.
Support the consolidation of company-wide budgets, forecasts, and long-range financial plans.

Financial Reporting & Analysis

Analyze monthly and quarterly financial performance against budget, forecast, prior year, and other relevant benchmarks.
Identify and explain key financial and operational drivers of variances and emerging trends.
Prepare monthly financial reporting and management presentations for Finance and functional leadership.
Provide clear, actionable insights and recommendations rather than simply reporting financial results.
Partner with functional leaders to ensure they understand their financial performance, outlook, risks, and opportunities.

Financial Business Partnership

Serve as the primary FP&A partner for assigned functions and senior leaders.
Develop a strong understanding of business priorities, operations, and financial drivers.
Provide financial guidance and analysis to support resource allocation, headcount planning, investments, and other business decisions.
Proactively identify opportunities to improve financial performance and decision-making.

Monthly Close & Financial Accuracy

Own the accrual and financial review process for assigned functions in partnership with Accounting.
Review monthly transactions and financial results for accuracy and completeness.
Investigate and resolve unusual items, variances, and accounting questions as appropriate.
Maintain strong partnership between FP&A, Accounting, and business functions to support accurate and timely financial reporting.

Capital Planning

Support the consolidated capital planning, budgeting, and forecasting process.
Partner cross-functionally to develop annual capital plans and regular forecast updates.
Monitor capital spending against approved plans and provide visibility to variances, timing, and forecast changes.

Reporting, Presentations & Special Projects

Develop clear and concise financial analyses, presentations, and materials for Finance and business leadership.
Support quarterly business reviews, budget reviews, forecasts, and other leadership discussions.
Perform scenario modeling and ad hoc financial analysis to support business decisions.
Participate in Finance initiatives and cross-functional projects as needed.
Identify opportunities to improve FP&A processes, reporting, tools, and automation.

Qualifications:

Basic Qualifications

Bachelor’s degree in Finance, Accounting, Economics, or related field required; MBA or other advanced degree preferred.
5+ years of progressive experience in FP&A, corporate finance, financial analysis, or a related finance role.
Demonstrated experience with budgeting, forecasting, financial reporting, and variance analysis.