Job description
NOTICE
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Company Overview
MedRhythms is pioneering the development of next-generation neurotherapeutics designed to improve walking, mobility, and related functional outcomes via a proprietary, patented technology platform. Our mission is to help patients walk confidently again, by expanding access to patient-centered, world-class medical devices.
Our groundbreaking technology uses sensors, software, and music to deliver evidence-based interventions to improve walking. At its core is a cutting-edge treatment mechanism based on the latest neuroscience research in music: rhythm can be used clinically to directly target the human motor system and improve functional outcomes in walking. It’s our mission to see these outcomes realized for the millions of people worldwide who struggle with walking impairments.
We are committed to developing evidence-based treatments, and have conducted clinical trials with leading research institutions across the U.S., including Johns Hopkins, Boston University, Mount Sinai, Cleveland Clinic, and Spaulding Rehabilitation.
MedRhythms has a pipeline of innovative products in development in neurology, including Stroke, Parkinson’s Disease, and Multiple Sclerosis. Our lead product, InTandem, was granted Breakthrough Designation in 2020 and launched in October 2023. InTandem is an FDA-authorized, prescription-only, home-use device intended to improve walking in adults with chronic stroke. For more information, please visit www.intandemrx.com.
Cultural Pillars that drive us and our success:
We are committed to People First
We are committed to Excellence Always
We are committed to being Action Focused
At MedRhythms, we value the passion and diversity that people bring with them everyday. It is crucial to our culture when it comes to building a successful and innovative team. If you are unsure whether your experience is a perfect fit for the position you are interested in, we encourage you to apply.
We are building a workforce that consists of hybrid team members living and working in and around our Portland, Maine headquarters and remote individuals. We do ask all of our team members to visit our headquarters throughout the year to get to know our team and fully integrate with our culture! If you are not located in Maine, don’t let that stop you from applying. We would still be interested in speaking with you!
Position Overview
We are seeking an experienced and highly motivated FP&A Manager to build and maintain ownership of the financial planning, forecasting, reporting, and analysis of MedRhythms. In this role you will be responsible for the overall annual operating plan (“AOP”) process, including quarterly forecast cycles, and will partner with the budget owners to develop and maintain detailed budgets and forecasts for their respective functions. You will utilize financial and non-financial data sources to identify and integrate financial and operational KPIs to drive business insights and actionable recommendations.
The initial focus will be the development of a process and cadence for periodic revenue forecast updates within each quarter that rely on pipeline data to track progress to achieve quarterly targets. This is a high-impact role that will offer substantial senior leadership exposure and the opportunity to impact strategic decision making in a growth environment. There is a lot of room for growth and opportunities to contribute across all aspects of finance and the ideal candidate is eager to pitch in, learn and grow in many functional areas.
We carefully consider a wide range of factors when building a competitive compensation package. We rely on market indicators and consider your specific job, skills, and experience; which can cause compensation to vary. We evaluate each candidate and position individually to ensure that we are capturing all of the data required to determine fair compensation. In addition to this, we work hard to provide all of our current and future employees fair and equitable pay while striving to eliminate unjust pay disparities in the market. The range for this role is $110,000 - $150,000. This range is based on base salary and does not include additional benefits such as annual performance bonus, equity stock options and other employee benefits such as health insurance and paid time off. Each of these factors plays an equally important role in the total compensation package and is in line with our talent and compensation philosophy.
Ideal candidates are located in Maine / New Hampshire / Massachusetts.
Responsibilities
- Manage and oversee the annual budgeting, forecasting, and long-range financial planning processes.
- Develop and maintain complex financial models to support decision-making across the organization.
- Analyze financial data to identify trends, risks, and opportunities for growth.
- Collaborate with cross-functional teams to ensure alignment of financial plans with strategic objectives.
- Lead the financial reporting process, including variance analysis and management reporting.
- Drive improvements in financial processes, systems, and reporting capabilities to enhance efficiency and accuracy.
- Developing reporting that can integrate financial data from several financial sources to provide succinct yet complete views of financial performance against AOP or prior forecasts. Including the development of revenue and pipeline reports, department spending reports, quarterly consolidated management reports, and Board level presentations.
- Manage relationships and workload of external financial partners (ie. outsourced accounting services).
We’re looking for you to bring
- 5+ years of experience in FP&A, Strategic Finance, or similar role.
- Expert financial modeling and analytical skills.
- Proficiency in financial software applications and other various systems (ex. ERP systems, Salesforce).
- In-depth knowledge of accounting principles, financial statement analysis, and management reporting.
- Strong communication skills with the ability to distill complex financial information into a narrative that enables decision making.
- Collaborative attitude and the ability to establish solid partnerships and build consensus at all levels and functions of the organization.
- Excellent presentation, and interpersonal skills.
- Strong attention to detail, problem-solving abilities, and a results-driven mindset.
- Willingness and aptitude to create structure and processes to build and improve the FP&A capabilities for significant impact on the organization.
Helpful experiences and skills (if you don’t have them, it’s not a dealbreaker)
- Experience in a leadership role.
- Experience working at a startup, particularly building systems and structure in a rapidly changing environment as the company grows.
- Experience working in the medical device field.
- Experience working in the closing process with some accounting and general financial responsibilities.
What we can offer you
Meaningful, purpose driven work on a life-changing product.
Collaborative, supportive, smart and fun team.
Competitive compensation and benefits: Medical, dental, vision, disability, stock options, bonus potential, paid parental leave.
Generous paid time off: Unlimited vacation, sick and volunteer time off.
Flexible hybrid work environment: Work where and when you are most productive.
Downtown Portland, Maine office: Inviting office in the heart of the Old Port.
We are an equal opportunity employer and welcome people of diverse backgrounds, experiences, abilities, and perspectives. If you require reasonable accommodation in completing this application, interviewing, or otherwise participating in the talent selection process, please reach out to [email protected]
