Associate Director, Clinical Development Finance (CDF)

Job Description

Our Finance team brings together our financial perspectives into our overall strategic and tactical decision making. We use state-of-the-art techniques for financial analysis, planning, accounting, reporting and performance evaluation. This allows the organization to continue advancing medical innovation and improve lives. 

Our Company is committed to being the world’s premier, most research-intensive biopharmaceutical company.  Our Research Division 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.

Position Description:

Associate Director, Finance Clinical Development Finance (CDF) is responsible for overall financial support for the Oncology Therapeutic Area (TA) in Global Clinical Development. The incumbent will be responsible for managing 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) grant spending.  The incumbent is also responsible for developing, coaching, and managing team members to meet both business and individual goals.

Under the guidance of the Oncology Clinical Development Finance Director, the Finance Associate Director will:

• Provide financial planning, forecasting and analytical support to our Research Department Therapeutic Area Clinical Development

• Oversee the forecast grant spend process related to Oncology Clinical Studies

• Be the primary Finance point of contact with multiple stakeholders including Global Project and Alliance Management, Product Development Team (PDT) Leaders, and Clinical Study Managers regarding study budgets, site and vendor related payments, asset valuation and impairment

• Develop and participate in team presentations to the Financial & Operational Review Committee, Late Development Review Committee and Discovery and Translational Research Committee

• 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

This is a unique opportunity to:

• 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 (BD&L, Project Mgmt., Procurement, etc.)

• Gain experience in people management, change management, and project management

Position Qualifications:

Education Minimum Requirement:

• Bachelors in Business, Finance, Science or Engineering

Required Experience and Skills:

• Minimum of 5 years of operations or Finance experience

Preferred Experience and Skills:

• 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 diverse client and peer relationships

• Sound and balanced judgment, with the ability to assess and handle risk

• Excellent communications skills

• Strong computer skills especially working with SAP, BPC and MS Excel

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We are an Equal Opportunity Employer, committed to fostering an inclusive and diverse workplace.  All qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability status, or other applicable legally protected characteristics.  For more information about personal rights under the U.S. Equal Opportunity Employment laws, visit:

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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 Company is required to provide a reasonable estimate of the salary range for this job in certain states and cities within the United States. Final determinations with respect to salary will take into account a number of factors, which may include, but not be limited to the primary work location and the chosen candidate’s relevant skills, experience, and education.

Expected US salary range:

Available benefits include bonus eligibility, long term incentive if applicable, health care and other insurance benefits (for employee and family), retirement benefits, paid holidays, vacation, and sick days. A summary of benefits is listed here.

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

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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. 

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