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Commercial Analyst - Biotech/Life Sciences

Company Description

With manufacturing sites across the US, UK, Germany and Denmark, LGC Biosearch Technologies has plans to continue growing. We deliver mission critical genomics to our diverse customer base in molecular diagnostics, pharma/biotech and agrigenomics. Our integrated portfolio of products, services and expertise supports our purpose of Science for a Safer World and we have embodied our mission by working with customers to enable research into life-altering treatment for disease and illness worldwide. We are currently seeking candidates who are up for the challenge of operating in a high-growth, purpose-driven organisation.

At our site in Alexandria, Minnesota, we design, manufacture, test and provide service support of LGC, Biosearch Technologies laboratory instrumentation and consumables. Products produced and distributed from this location enable scientists to make the world a safer place and enables customers in areas such as developing and identifying new plant hybrids, testing and tracking of food products for food safety, and research to support human diagnostic testing. The Alexandria site represents a centre of excellence for Biosearch Technologies in the areas of Engineering, Manufacturing, and Field Service by supplying and supporting customers and team members around the world. Our services are accredited to the ISO 9001 quality standard.

Job Description

The Commercial Analyst is a critical resource for the global commercial team within LGC Diagnostics and Genomics (D&G) business unit.  This role is expected to provide timely and detailed analysis of sales and marketing data and to help support the communications within the global sales team and global finance team. The Commercial Analyst will have primary responsibility to support global sales activities and initiatives with a secondary responsibility to assist the global finance team. This experienced analyst is responsible for working closely with other commercial analysts dedicated to organizing, validating and preparing accurate and timely data for the purpose of presentations, dashboards, sales territory analysis and customer type, customer, product and install base analyses. The commercial analysts will be expected to deliver required monthly and quarterly reports, to recommend and establish new leading indicators to the health of the business unit, to conduct detailed analysis of sales performance and associated metrics and to provide master data integrity. The Commercial Analyst is a key resource to help the LGC Diagnostics and Genomics team to understand the key measures in our business.

The Commercial Analyst will have extensive experience with financial reporting, data aggregation from various input systems, and complex data analysis.  This experience will include the identification, reporting and presentation of key business metrics and trends to associated functions within the D&G business. This role will have direct responsibility into commercial management but with a considerable breadth of responsibility for reporting across the LGC Diagnostics and Genomics operations. The role holder must be a leader but also a team player possessing the flexibility to contribute to business development activities.

The Commercial Analyst is expected to effectively contribute to cross-functional collaboration and coordination to comply with all laws, regulations, policies, and procedures that govern our business globally. The individual is expected to comply with all company quality management system policies and procedures.  This position is very dynamic and requires both focus and attention to detail in a fast paced environment.

  • To support Commercial leadership in all aspects commercial data analysis and reporting.
  • Provide mentoring and support to other commercial analyst.
  • Proactively review and report on commercial performance across regions, territories, and accounts.
  • Content generation and support of routine monthly and quarterly reporting requirements and presentations to Genomics management.
  • Maintains master alignment of accounts and sales territories; updates and/or oversees input of accurate information into ERP and Salesforce.com systems to ensure data integrity.
  • Conduct analysis for commercial business related to budgeting and forecasting on a regional and global scale.
  • Assist Commercial Directors in regional data analysis requirements and opportunity identification.
  • Support the global and regional finance teams with commercial inputs including data reporting and analysis requirements.
  • Propose, develop and implement improvements to sales and marketing reporting tools through the identification of key leading and lagging indicators on the health of the business.
  • Recommends data requirement standards to ERP and Business Object teams.
  • Work closely with management and colleagues in the commercial team to ensure key initiatives are supported to maximize revenue opportunities. This will include price elasticity modelling, proposal pricing analysis, pro forma projections with key opportunities, and other similar duties.
  • Performs ad hoc analysis as needed.
  • Develops methods and strategies for assessing large amounts of data.
  • Closely studies past sales data to determine trends and shares with sales leadership.
  • Creates sales evaluation reports based on collected data.
  • Manage the daily product tracking report that will communicate demand, revenue recognition, product testing and commercial launch execution.
  • Produce KPI updates for product launch and performance tracking.

Qualifications

  • Bachelor’s degree in business, marketing or equivalent
  • Minimum 5 years’ experience in financial and sales data analysis in a relevant market sector with demonstrable experience and skills.
  • 5+ years of experience in reporting and visualization tools (e.g. Power BI, Tableau, Business Objects, Salesforce.com, etc.)
  • Leadership experience desired
  • Expert Excel skill

Other Skills, Abilities, and Competencies:

  • Experience in data mining, manipulation, and analysis in multiple database systems
  • Industry experience (life sciences, biotech) or experience working in a global organization preferred
  • Demonstrated experience in managing complex projects with multiple stakeholders to successful completion.
  • Results-oriented, ensuring targets are met on time and on budget
  • Experience in strategic financial and business planning.

Additional Information

What we offer (US based-employees):

  • Competitive compensation with strong bonus program
  • Comprehensive medical, dental, and vision benefits for employees and dependents
  • FSA/HSA Pre-tax savings plans for health care, childcare, and elder care
  • Deductible Buffer Insurance and Critical Illness Insurance
  • 401(k) retirement plan with matching employer contribution
  • Company-paid short- and long- term disability, life insurance, and employee assistance program
  • Flexible work options
  • Pet Insurance for our furry friends
  • Enhanced Parental leave of 8 additional weeks
  • PTO that begins immediately
  • Town Hall monthly meeting onsite/virtual, Cheer program where employees are recognized for outstanding work, Company wide social events, frequent catered lunches and much more!

EQUAL OPPORTUNITIES 

LGC strongly believes that every job applicant and employee should be valued for their individual talents regardless of age, disability, race, color, ethnic or national origin, sex, sexual orientation, gender reassignment, marital or civil partnership, pregnancy or maternity, religion, or belief. Short listing, interviewing and selection will always be carried out without regard to gender, sexual orientation, marital status, color, race, nationality, ethnic or national origins, religion or belief, age, or trade union membership.

For more information about LGC, please visit our website www.lgcgroup.com

#scienceforasaferworld 

Average salary estimate

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$95000K

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What You Should Know About Commercial Analyst - Biotech/Life Sciences , LGC Group

Are you ready to take your analytical skills to the next level? LGC Biosearch Technologies is on the lookout for a talented Commercial Analyst in the Biotech/Life Sciences sector, based in our state-of-the-art facility in Alexandria, Minnesota. As part of our global commercial team, you’ll be at the forefront of analysis, providing crucial insights that help drive our sales and marketing strategies. In this role, you’ll gather, validate, and analyze data from multiple sources, and present findings that shape our business decisions. With your extensive experience in financial reporting and data analysis, you'll be essential in maintaining master data integrity and offering high-level insights into our sales performance. A key part of your job involves working directly with commercial leadership, where your ability to mentor fellow analysts and support cross-functional collaboration will shine. This role isn’t just about data – it’s about making a real-world impact, helping our teams across the globe to understand and leverage data for optimal revenue opportunities. If you’re a results-oriented individual with a passion for science and a flair for strategic analysis, this role at LGC Biosearch Technologies could be your perfect fit. Join us in our mission to deliver science for a safer world by enabling critical research in diagnostics and biotechnology. Be part of a dynamic and growing team where your skills will make a difference every single day!

Frequently Asked Questions (FAQs) for Commercial Analyst - Biotech/Life Sciences Role at LGC Group
What responsibilities does a Commercial Analyst at LGC Biosearch Technologies have?

The Commercial Analyst at LGC Biosearch Technologies plays a vital role in analyzing sales and marketing data to support the global commercial team. They provide detailed reports, analyze sales performance metrics, and maintain data integrity across various systems. This position is essential for driving informed business decisions within the Diagnostics and Genomics business unit.

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What qualifications are required for the Commercial Analyst position at LGC Biosearch Technologies?

To excel as a Commercial Analyst at LGC Biosearch Technologies, candidates should possess a Bachelor’s degree in business, marketing, or a related field. Additionally, at least five years of experience in financial and sales data analysis is required, along with proficiency in reporting tools like Power BI and Salesforce.com.

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How does the Commercial Analyst support the sales team at LGC Biosearch Technologies?

The Commercial Analyst supports the sales team at LGC Biosearch Technologies by providing timely analysis of commercial performance, identifying trends through data mining, and assisting in the development of sales strategies. This collaborative effort is aimed at maximizing revenue opportunities across global and regional territories.

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What tools does a Commercial Analyst at LGC Biosearch Technologies typically use?

Commercial Analysts at LGC Biosearch Technologies utilize a variety of tools for data analysis and reporting. These tools include Power BI, Tableau, Salesforce.com, and advanced Excel functions to create insightful dashboards and visualizations that assist in sales forecasting and strategic business planning.

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What is the working environment like for a Commercial Analyst at LGC Biosearch Technologies?

The working environment for a Commercial Analyst at LGC Biosearch Technologies is dynamic and collaborative. Analysts thrive in a fast-paced setting where they work closely with global teams and leadership, contributing to the decision-making process that influences significant commercial outcomes.

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Common Interview Questions for Commercial Analyst - Biotech/Life Sciences
Can you explain your approach to data analysis as a Commercial Analyst?

When answering this question, highlight your analytical methodology, emphasizing the importance of data validation and accuracy. Discuss how you leverage insights from historical data to inform current strategies, and illustrate your proficiency with tools such as Excel or Power BI in your analysis.

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How do you ensure data integrity when managing sales data?

To maintain data integrity, I implement strict validation processes and regularly cross-check data from various sources. Discuss how you document processes and collaborate with IT or database teams to ensure accuracy in ERP systems and Salesforce.com.

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Describe a complex project you managed and how you ensured its successful completion.

In responding to this question, focus on a specific project, detailing your role, the stakeholders involved, and the challenges faced. Emphasize your project management skills, adaptability, and your systematic approach to problem-solving that led to a successful outcome.

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What strategies do you use for forecasting sales data?

In your answer, discuss various forecasting models you've utilized, the importance of historical data analysis, and how you adjust forecasts based on new information. Be sure to mention any tools you’ve used for visualization and communication of your forecasts.

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How do you prioritize your tasks when you have multiple deadlines?

Explain your prioritization process, perhaps using a prioritization matrix or time management techniques. Discuss how you assess urgency and impact, ensuring that critical tasks align with business objectives.

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Can you provide an example of how you developed a report to support sales decisions?

Choose a detailed example where you created a report, elaborating on the data you collected, the analysis you conducted, and how it directly influenced sales strategies. This showcases your ability to turn data into actionable insights.

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What role does collaboration play in your work as a Commercial Analyst?

Emphasize the significance of cross-functional collaboration, sharing how you engage with sales, finance, and operational teams. Illustrate with an example where collaboration led to enhanced strategies or problem-solving.

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How do you handle mistakes in your analysis?

Discuss your approach to error management, underscoring your commitment to learning and rectifying mistakes. Illustrate this with an example of a past error and what steps you took to prevent it in the future.

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What metrics do you believe are crucial for measuring commercial performance?

Articulate the key metrics you focus on, including sales growth, market share, and customer acquisition costs. Discuss how you select these metrics based on business goals and the insights they provide.

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How do you stay updated with industry trends relevant to the biotech sector?

Mention your methods for staying informed, such as following industry publications, attending conferences, and engaging with professional networks. This shows your commitment to professional development and your interest in the field.

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LGC is a life sciences measurement and testing company providing laboratory services, reference materials, analytical testing products and services along with genomics solutions for the pharmaceutical, food, agricultural biotechnology, government,...

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Full-time, on-site
DATE POSTED
December 20, 2024

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