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Financial Business Lead - job 3 of 3

Company Description

Eurofins Scientific is an international life sciences company, providing a unique range of analytical testing services to clients across multiple industries, to make life and our environment safer, healthier and more sustainable. From the food you eat, to the water you drink, to the medicines you rely on, Eurofins works with the biggest companies in the world to ensure the products they supply are safe, their ingredients are authentic and labelling is accurate.

Eurofins is the global leader in food, environment, pharmaceutical and cosmetic product testing and in agroscience Contract Research Organisation services. Eurofins is one of the market leaders in certain testing and laboratory services for genomics, discovery pharmacology, forensics, advanced material sciences and in the support of clinical studies, as well as having an emerging global presence in Contract Development and Manufacturing Organisations. The Group also has a rapidly developing presence in highly specialised and molecular clinical diagnostic testing and in-vitro diagnostic products.

In over just 30 years, Eurofins has grown from one laboratory in Nantes, France to 55,000 staff across a decentralised and entrepreneurial network of 900 laboratories in over 50 countries. Eurofins offers a portfolio of over 200,000 analytical methods to evaluate the safety, identity, composition, authenticity, origin, traceability and purity of biological substances and products.

Job Description

The Financial Analyst will take ownership of the financial health of our organization, working directly with senior management to analyze key metrics, develop robust financial models, and create strategies that drive sustainable growth. This role requires a proactive, solution-oriented mindset and the ability to build and manage a structured collections process to ensure timely payment from our clients.

Key Responsibilities:

  • Financial Reporting & Analysis:
    • Prepare, review, and analyze monthly, quarterly, and annual financial statements (P&L, balance sheet, cash flow) for accuracy and insights.
    • Generate regular reporting on operational and financial KPIs, highlighting trends and opportunities for improvement.
    • Conduct variance analysis to identify deviations from budgets and forecasts; propose corrective measures.
  • Budgeting & Forecasting:
    • Lead the annual budgeting process, working with department heads to develop realistic, data-driven budgets and ensure alignment with strategic goals.
    • Build and maintain financial models to project cash flow, revenue, and profitability; monitor performance against these forecasts.
  • Business Partnering & Strategic Support:
    • Collaborate across business segments and functions to provide financial guidance on key business decisions and initiatives.
    • Build relationships across centralized functions and group accounting to ensure proper reporting and financial management
    • Perform in-depth profitability and cost analyses to identify cost savings, process improvements, and investment opportunities.
    • Present findings and recommendations to executive leadership, contributing to long-term strategic planning.
  • Manage payables:
    • Ensure invoices are applied correctly and in a timely manner.
    • Ensure proper coding, working closely with those putting in POs.
  • Collections & Receivables Management:
    • Develop and implement a structured collections process to ensure timely invoicing and payment from clients.
    • Monitor accounts receivable aging and proactively address outstanding balances; work closely with internal stakeholders and clients to resolve billing discrepancies.
    • Track and report on cash flow impacts related to outstanding invoices and develop strategies to mitigate risks.
  • Process Improvement & Policy Development:
    • Identify and recommend process improvements in financial operations, including billing, collections, and reporting to improve efficiency and accuracy.
    • Ensure compliance with relevant accounting standards and company policies; recommend and implement internal controls where needed.
  • Ad Hoc Projects & Leadership:
    • Support special projects such as financial system implementations, mergers/acquisitions, or cost optimization initiatives.

Qualifications

  • Education: Bachelor’s degree in Finance, Accounting, or related field; MBA or CPA/CMA preferred.
  • Experience: 4-6+ years of progressive experience in financial analysis, budgeting, forecasting, and/or accounting. Experience in a client services or laboratory environment is a plus.
  • Technical Skills:
    • Proficiency with financial modeling and analysis tools (e.g., Excel, Google Sheets, PowerBI).
    • Familiarity with accounting software (e.g., Oracle, Coupa, GreatPlains) and ERP systems.
    • Solid understanding of GAAP and financial statement preparation.
  • Collections Expertise: Demonstrated ability to set up or improve a collections process, resolve overdue payments, and manage client billing cycles.
  • Analytical & Problem-Solving: Strong quantitative and analytical skills; can translate data into actionable recommendations.  Entrepreneurial problem solver who finds a way to get things done.
  • Communication & Leadership: Excellent written and verbal communication skills; ability to present complex financial concepts to non-finance stakeholders.
  • Team Player: Collaborative mindset with the ability to work cross-functionally and build strong relationships at all levels of the organization.

Additional Information

Position is full-time, working Monday-Friday 8am-5pm, some weekend required overtime as needed.  Candidates currently living within commutable distance to San Diego, CA are encouraged to apply.

Compensation: $70K - $95K 

Excellent full-time benefits including comprehensive medical coverage, dental, and vision options.

  • Life and disability insurance
  • 401(k) with company match
  • Paid vacation and holidays

 

What Happens Next
 

Our people are the backbone of what we do, so it's incredibly important we find the right individuals to join us. As a potential new recruit you'll be invited to meet the team in the form of a staged interview process dependent on the role and it's requirements, this will give you the opportunity to see what working for Eurofins is really like and enable us to get you know your key skills and strengths. 
 
Your data 
 

As part of any recruitment process, the company collects and processes personal data relating to job applicants. The company is committed to being transparent about how it collects and uses that data and to meeting its data protection obligations.
 
Closing Date

 
We reserve the right to close or extend this position depending on application numbers. Therefore we would urge candidates to submit an application as early as possible.
 
Due to the high volume of applications we receive please be aware that if you do not receive a response within 4 weeks of the vacancy expiry date unfortunately, on this occasion your application has been unsuccessful. 

 

Eurofins USA BioPharma Services is a M/F, Disabled, and Veteran Equal Employment Opportunity and Affirmative Action employer.

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Average salary estimate

$82500 / YEARLY (est.)
min
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$70000K
$95000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Financial Business Lead, Eurofins

Join Eurofins Scientific as a Financial Business Lead and play a crucial role in the financial health of our organization right here in beautiful San Diego, CA! In this exciting position, you’ll collaborate directly with senior management to analyze key metrics and develop innovative financial models that help drive sustainable growth for our dynamic company. Your primary responsibilities will include preparing and analyzing financial statements, leading the annual budgeting process, and developing strategic initiatives that impact our bottom line. You’ll also manage collections and receivables, ensuring our clients pay on time while identifying areas for process improvement to enhance financial operations. Eurofins prides itself on creating safe, healthy, and sustainable products for our clients worldwide, and we need someone proactive and solution-oriented to join our friendly team. With opportunities to work cross-functionally and present findings to executive leadership, you’ll be at the forefront of making impactful decisions that shape the future of Eurofins. If you enjoy building relationships and bringing innovative insights to the table, this is the perfect opportunity for you. Apply today to become part of a company that values your contributions and invests in your growth!

Frequently Asked Questions (FAQs) for Financial Business Lead Role at Eurofins
What are the key responsibilities of a Financial Business Lead at Eurofins Scientific?

As a Financial Business Lead at Eurofins Scientific, you'll be responsible for financial reporting and analysis, overseeing the preparation and review of monthly, quarterly, and annual financial statements. You'll also lead the budgeting process, develop financial models, and provide strategic support across various business segments. Your role involves managing the collections process, ensuring timely payments, and conducting in-depth profitability analyses, all while working closely with senior management to align financial goals with the company’s strategic objectives.

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What qualifications are required for the Financial Business Lead position at Eurofins Scientific?

To qualify for the Financial Business Lead role at Eurofins Scientific, you should have a Bachelor’s degree in Finance, Accounting, or a related field, with an MBA or CPA/CMA preferred. Moreover, candidates should possess 4-6+ years of progressive experience in financial analysis, budgeting, and forecasting. Familiarity with accounting software and ERP systems as well as strong analytical and problem-solving skills are essential for this dynamic position.

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What is the work environment like for a Financial Business Lead at Eurofins Scientific?

At Eurofins Scientific, the work environment for a Financial Business Lead is collaborative and supportive, set within our vibrant office in San Diego, CA. You'll have the chance to work closely with senior management and other departments, fostering relationships that enhance communication and maximize the impact of financial strategies. We prioritize a culture that encourages input and innovation, where each team member's contributions are valued as we strive together towards common goals.

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What is the expected salary range for a Financial Business Lead at Eurofins Scientific?

The salary range for a Financial Business Lead at Eurofins Scientific is competitive, typically between $70K - $95K, depending on experience and qualifications. This role also offers excellent full-time benefits that include comprehensive medical coverage, dental, vision options, life and disability insurance, and a 401(k) plan with company match, making it a well-rounded opportunity for prospective candidates.

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How does the collections process work for a Financial Business Lead at Eurofins Scientific?

In your role as a Financial Business Lead at Eurofins Scientific, you will develop and implement a structured collections process aimed at ensuring timely invoicing and payment from clients. This entails monitoring accounts receivable aging, addressing outstanding balances proactively, and collaborating closely with internal stakeholders to resolve billing discrepancies. Your analytical skills will help you track cash flow impacts tied to outstanding invoices, enabling the development of strategies to mitigate risks.

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Common Interview Questions for Financial Business Lead
How do you approach financial forecasting and budgeting?

In approaching financial forecasting and budgeting, I first ensure that I gather historical data and relevant input from department heads to create realistic, data-driven budgets. I utilize various financial modeling tools to project cash flow and profitability, adjusting forecasts as new information becomes available. This proactive approach allows for timely adjustments and alignment with strategic goals.

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What steps do you take to analyze financial statements?

When analyzing financial statements, I carefully review each component, including the income statement, balance sheet, and cash flow statement. I look for trends, trends, and variances against the budget, and perform variance analysis to identify any deviations. Understanding the narrative behind the numbers is essential—what caused the changes, and what opportunities or risks do they reflect?

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Can you describe your experience with collections management?

In my previous roles, I have successfully set up and managed collections processes that focus on timely invoicing, proactive follow-ups, and clear communication with clients regarding overdue payments. My approach includes monitoring accounts receivable aging reports and collaborating with colleagues to resolve billing discrepancies, ensuring we maintain healthy cash flow.

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How do you identify cost savings and process improvements?

I usually begin by conducting an in-depth profitability analysis and examining existing processes to find areas of inefficiency. Utilizing data analytics, I can pinpoint costs that can be reduced without compromising quality. I also regularly engage with team members to gather insights and suggestions, as they often provide valuable perspectives that can lead to meaningful process improvements.

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What is your experience with financial modeling tools?

I have extensive experience with financial modeling tools such as Excel and PowerBI. I enjoy building complex models that project various financial scenarios, allowing me to gauge potential impacts on key metrics. With the right models in place, I can present actionable insights to the management team to help guide strategic business decisions.

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How do you ensure compliance with accounting standards?

To ensure compliance with accounting standards like GAAP, I stay updated on changes and best practices in financial regulations. I make it a priority to implement internal controls where necessary and conduct periodic reviews of our practices and procedures to verify alignment with compliance requirements, ensuring robust financial reporting.

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How would you describe your communication style when explaining financial concepts?

My communication style is clear and adaptable. I strive to tailor my explanations to the audience’s expertise, ensuring that complex financial concepts are understandable even for non-financial stakeholders. I often use visual aids like charts and graphs to illustrate points and reinforce understanding, fostering a collaborative atmosphere during presentations.

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Can you give an example of a challenging financial issue you resolved?

Certainly! In a previous role, I faced a significant discrepancy in our financial reporting attributed to data entry errors. I led a thorough investigation, liaising with team members across departments to identify the root cause. After implementing new checks and balances to ensure greater accuracy, we improved our reporting process significantly, preventing similar issues in the future.

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How do you prioritize your tasks as a Financial Business Lead?

I prioritize my tasks by assessing deadlines, the impact of each task on overall business performance, and aligning activities with strategic goals. Utilizing project management tools helps me stay organized, ensuring that I address high-impact tasks first while being flexible enough to adjust as needed.

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What role do you see financial analytics playing in business strategy?

Financial analytics play a crucial role in business strategy by providing data-driven insights that inform decision-making. Through analysis, we can identify trends, forecast potential outcomes, and assess risks, enabling stakeholders to make informed choices that align with the company's long-term goals. I view financial analytics as a strategic tool that can empower leaders to navigate complexities in today's market.

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Full-time, on-site
DATE POSTED
April 10, 2025

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