About Strand Life Sciences:
Strand is a 25-year-old spin-off from the Indian Institute of Science. We are a cutting-edge Genomics company with a global customer base. We build applications that use DNA sequencing to improve human health. In the process, we build algorithms, data pipelines, and visualizations to handle large amounts of sequence data. We are committed to transforming complex data into actionable insights, contributing to groundbreaking research and innovative solutions in the field of genomics. We anticipate that in the next few years, hundreds of millions of individuals will have their DNA sequenced, and invite you to join us in this transformative journey.
About the Position
- We are seeking a detail-oriented and proactive Financial Planning and Analysis (FP&A) Analyst to support our cost accounting, variance analysis, and standard costing activities, while also contributing to the Sales and Operations Planning (S&OP) process. The ideal candidate will work closely with cross-functional teams to ensure financial data integrity, improve cost efficiencies, and support the overall financial health of the organization. This role will involve analyzing variances, identifying cost drivers, and supporting strategic financial decision-making, with a key focus on integrating financial insights into the S&OP process to ensure effective supply chain and demand planning.
Job Requirements and Required Skills:
- Standard Costing: Develop and maintain cost models for materials, labor, and overhead. Update cost rates based on efficiency, market changes, and supplier pricing.
- Variance Analysis: Analyze monthly/quarterly cost variances, identify issues, and collaborate with teams for corrective actions. Report insights to senior management.
- Cost Accounting: Track and analyze departmental costs, ensure accurate allocations, and assist with inventory valuation and reconciliation.
- S&OP: Provide financial insights for demand forecasting, production planning, and inventory management. Collaborate with teams to align financial and operational goals and analyze cost impacts of production changes.
- Financial Reporting & Forecasting: Support forecasting and budgeting with cost trend analysis. Assist in financial modeling for product launches and cost-saving initiatives.
- Collaboration & Support: Work with cross-functional teams on cost optimization and provide financial guidance for pricing, margin analysis, and decision-making.
- Ad-hoc Analysis: Perform financial analysis for special projects and RnD Efforts
- Market Research & Analysis : Ability to conduct market research to gather insights on industry trends, competitor pricing, and market conditions.
Skillsets:
- MBA with 4-5 Years of Experience in the FP&A Role
- Experience in the diagnostics business is preferable
- Experience implementing automations in the FP&A Processes is good to have
We offer:
- An innovative and open culture in a truly multicultural environment
- An opportunity to make a fundamental impact on human health
- Vibrant multidisciplinary scientific interaction and learning opportunity
- A collaborative and solution-oriented environment where you can make a difference
- A competitive salary and generous benefits
