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Strategic Finance Manager

About Lyra Health

Lyra is transforming mental health care through technology with a human touch to help people feel emotionally healthy at work and at home. We work with industry leaders, such as Morgan Stanley, Uber, Amgen, and other Fortune 500 companies, to improve access to effective, high-quality mental health care for their employees and their families. With our innovative digital care platform and global provider network, 17 million people can receive the best care and feel better, faster. Founded by David Ebersman, former CFO of Facebook and Genentech, Lyra has raised more than $900 million.


About the Role

Lyra is looking for a highly motivated Strategic Finance Manager to help us realize our mission of becoming the premier mental health solution for employers and employees. The role will be responsible for flexing across multiple lanes, including pricing strategy, new product development and M&A, and will be a key member of Lyra’s strategic finance team.


Responsibilities
  • Pricing strategy & operations: partner with Go-To-Market to set pricing for new sales & renewals globally, balancing profitability targets and market dynamics to make high-quality pricing decisions
  • New product development: partner with Go-To-Market and Ops teams to recommend pricing for new products & business lines that balances sustainability & market dynamics
  • Unit economics thought leadership: propose and lead execution of analytics that help Lyra better understand key profitability levers, to inform pricing strategy and hurdle rates for new investment
  • M&A strategy & execution: support deal execution, including business & financial due diligence, presenting recommendations to Lyra’s executive team and Board.


Qualifications
  • 5+ years work experience (required), with 2+ years of private equity direct investing experience
  • Advanced financial modeling skills with the ability to distill complex decisions into simple but comprehensive financial models
  • Excellent organizational and time management skills, including the ability to prioritize and balance multiple deliverables with competing timelines in a dynamic environment
  • Exceptional written and oral communication skills, with the ability to clearly convey recommendations and conclusions. Experience presenting thoughtful analysis and a compelling point of view directly to senior leadership
  • Ability to collect, organize and analyze complex data at a macro and micro level with minimal supervision. Actively seeks the input and opinions of stakeholders; explores and considers a wide range of options before acting
  • Demonstrates high critical thinking and problem-solving skills and strong attention to detail as well as an ability to tackle ambiguous situations
  • Must be a proactive self-starter with exceptional follow-through and the ability to work well independently with minor supervision


$119,000 - $183,000 a year
The anticipated annual base salary range for this full-time Strategic Finance Manager is $119,000 - $183,000. The base range is determined by role and level, and placement within the range will depend on a number of job-related factors, including but not limited to your skills, qualifications, experience and location. This role may be eligible for discretionary bonuses.

Annual salary is only one part of an employee’s total compensation package at Lyra. We also offer generous benefits that include:

-Comprehensive healthcare coverage (including medical, dental, vision, FSA/HSA, life and disability insurances)
-Lyra for Lyrians; coaching and therapy services
-Equity in the company through discretionary restricted stock units
-Competitive time off with pay policies including vacation, sick days, and company holidays
-Paid parental leave
-401K retirement benefits
-Monthly tech stipend
-We like to spread joy throughout the year with well-being perks and activities, surprise swag, free food and snack deliveries each month, regular community celebration…and more!

We can’t wait to meet you.

"We are an Equal Opportunity Employer. We do not discriminate on the basis of race, color, religion, sex (including pregnancy), national origin, age, disability, genetic information or any other category protected by law.


By applying for this position, you acknowledge that your personal information will be processed as per the Lyra Health Workforce Privacy Notice. Through this application, to the extent permitted by law, we will collect personal information from you including, but not limited to, your name, email address, gender identity, employment information, and phone number for the purposes of recruiting and assessing suitability, aptitude, skills, qualifications, and interests for employment with Lyra.  We may also collect information about your race, ethnicity, and sexual orientation, which is considered sensitive personal information under the California Privacy Rights Act (CPRA) and special category data under the UK and EU GDPR.  Providing this information is optional and completely voluntary, and if you provide it you consent to Lyra processing it for the purposes as described at the point of collection, for example for diversity and inclusion initiatives.  If you are a California resident and would like to limit how we use this information, please use the Limit the Use of My Sensitive Personal Information form.  This information will only be retained for as long as needed to fulfill the purposes for which it was collected, as described above. Please note that Lyra does not “sell” or “share” personal information as defined by the CPRA. Outside of the United States, for example in the EU, Switzerland and the UK, you may have the right to request access to, or a copy of, your personal information, including in a portable format; request that we delete your information from our systems; object to or restrict processing of your information; or correct inaccurate or outdated personal information in our systems. These rights may be subject to legal limitations. To exercise your data privacy rights outside of the United States, please contact globaldpo@lyrahealth.com. For more information about how we use and retain your information, please see our Workforce Privacy Notice."

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Average salary estimate

$151000 / YEARLY (est.)
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$119000K
$183000K

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What You Should Know About Strategic Finance Manager, Lyra Health

At Lyra Health, we’re on an exciting mission to transform mental health care through innovative technology and a human touch. We are currently looking for a Strategic Finance Manager to join our dynamic team and help drive our vision of becoming the premier mental health solution for both employers and employees. This remote position offers an opportunity to engage in a variety of core functions, including pricing strategy, new product development, and M&A strategy. If you have a passion for analytics and financial modeling, this role could be perfect for you! Your expertise will guide our pricing decisions, helping balance profitability and market dynamics while collaborating closely with Go-To-Market and Ops teams. You’ll also spearhead the analytics necessary to understand Lyra’s profitability levers, which is crucial for informed pricing strategies. With at least 5 years of experience in the industry, including private equity direct investing, you’ll be able to communicate complex financial insights clearly to senior leadership. Your proactive approach and problem-solving skills will be invaluable in driving multi-faceted projects to completion under tight timelines. Join us in making a meaningful impact in mental health care and receive a competitive salary that includes generous benefits, equity options, and unique perks to enhance your work-life balance. We can’t wait to meet you at Lyra Health!

Frequently Asked Questions (FAQs) for Strategic Finance Manager Role at Lyra Health
What are the key responsibilities of a Strategic Finance Manager at Lyra Health?

As a Strategic Finance Manager at Lyra Health, your key responsibilities will include developing pricing strategies for new sales and renewals, collaborating on new product development pricing, leading unit economics analyses, and supporting M&A strategy and execution. Your role is pivotal in ensuring that Lyra remains competitive while also being profitable.

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What qualifications are required for the Strategic Finance Manager role at Lyra Health?

To qualify for the Strategic Finance Manager position at Lyra Health, you should have at least 5 years of relevant work experience, particularly with 2 years in private equity direct investing. Advanced financial modeling skills, excellent communication capabilities, and strong organizational abilities are also essential.

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What is the salary range for a Strategic Finance Manager at Lyra Health?

The anticipated annual base salary range for a full-time Strategic Finance Manager at Lyra Health is between $119,000 and $183,000. The final placement within this range will depend on several factors, including your skills, experience, and location.

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What benefits can be expected for the Strategic Finance Manager role at Lyra Health?

Lyra Health offers a generous benefits package for the Strategic Finance Manager that includes comprehensive healthcare coverage, equity in the company, competitive paid time off, a monthly tech stipend, and unique wellness programs. You can also look forward to paid parental leave and regular community celebrations!

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How does the Strategic Finance Manager role support Lyra Health's mission?

The Strategic Finance Manager plays a crucial role in supporting Lyra Health’s mission by analyzing financial metrics that inform crucial decisions regarding pricing strategies and profitability. By working closely with senior leadership and different teams, you’ll be helping to provide better mental health solutions to employers and their employees.

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Common Interview Questions for Strategic Finance Manager
Can you describe your experience with financial modeling as it relates to the Strategic Finance Manager role?

When answering this question, highlight your specific experiences in building financial models with complex data. Discuss the methodologies you used, tools like Excel or financial software, and how your models have influenced business decisions.

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How would you approach setting a pricing strategy for a new product?

Explain your methodical approach to pricing strategy, which should include market analysis, understanding customer psychology, and conducting competitive assessments. Provide a real-life example of a strategic pricing decision you've made.

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What is your understanding of unit economics and its importance?

Unit economics is essential as it measures the revenue and costs associated with a single unit of product or service. Emphasize its importance in informing business models and pricing strategies. Use examples to illustrate how you have previously applied this understanding in your work.

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How do you prioritize multiple projects with competing deadlines?

Discuss your time management strategies such as using project management tools, setting clear priorities, and keeping open communication with stakeholders. Provide an example where you successfully handled multiple projects.

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How do you handle ambiguity in financial data analysis?

Convey your critical thinking skills and ability to seek inputs from stakeholders when faced with uncertainty. Provide an example of a time when you successfully navigated ambiguity in a finance-related situation.

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What role does collaboration play in your work as a finance manager?

Highlight how collaboration is integral to achieving strategic objectives. Discuss your experience partnering with other departments like operations or marketing, and how this collaboration has led to successful financial strategies.

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Describe a time when you presented financial analysis to senior leadership.

Provide a specific scenario where you presented your findings to senior leadership. Focus on how you structured your presentation, the feedback you received, and the impact of your analysis on decision-making.

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What do you consider the most significant trend currently impacting the finance sector?

Discuss your insights regarding trends like digital transformation in finance, evolving consumer expectations, or ESG investing. Show how these trends can affect Lyra Health's financial strategies.

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Have you ever been involved in M&A activities? How did you contribute?

If you have M&A experience, describe your role, focusing on your contributions to the due diligence process and any financial assessments you carried out. Showcase your understanding of how M&A can align with a company’s strategic goals.

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How do you ensure accuracy in your financial reports?

Talk about the checks and balances you put in place, such as peer reviews, reconciliation practices, and utilizing technology. Provide an example of how these measures helped maintain accuracy in your previous reports.

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Lyra Health is the leading provider of Workforce Mental Health benefits, available to more than 15 million people worldwide. The company offers a full spectrum of care offerings, from preventive to severe.

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BADGES
Badge ChangemakerBadge Flexible CultureBadge Future MakerBadge Innovator
CULTURE VALUES
Inclusive & Diverse
Mission Driven
Feedback Forward
Fast-Paced
BENEFITS & PERKS
Medical Insurance
Dental Insurance
Vision Insurance
Life insurance
Disability Insurance
Mental Health Resources
Health Savings Account (HSA)
Flexible Spending Account (FSA)
401K Matching
Equity
Maternity Leave
Paternity Leave
Some Meals Provided
Snacks
Social Gatherings
DEPARTMENTS
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
EMPLOYMENT TYPE
Full-time, remote
DATE POSTED
December 21, 2024

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