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Head of Finance

Healx

Healx

Accounting & Finance
Cambridge, MA, USA
Posted on Tuesday, January 23, 2024
About Healx
Healx is a mission-driven technology company pioneering the next wave of drug discovery to bring novel, effective treatments to rare disease patients around the world. There are over 7,000 known rare diseases that affect 400 million people across the globe, but only 5% of those conditions have an approved treatment. By combining frontier AI technology with deep drug discovery and development expertise, Healx can accelerate the pace, increase the scale and improve the chance of success of rare development to meet this huge unmet need and have unprecedented patient impact.
Founded in Cambridge, UK, in 2014 by Dr Tim Guilliams (a Biochemical Engineer and tech entrepreneur) and Dr David Brown (co-inventor of Viagra and former Global Head of Drug Discovery at Roche), Healx has raised $90 million to date, added over a dozen projects to its risk-balanced therapeutic portfolio, and built a cross-functional team of tech and drug discovery experts. For more information, visit Healx | Discovering new treatments for rare disease patients or follow on Twitter and LinkedIn.
The Role
We are looking for a Head of Finance to oversee all financial operations and ensure we use capital and resources beneficially.
Head of Finance responsibilities include creating and managing forecasting models, assessing risk in investments, and ensuring compliance with financial regulations.
To be successful in this role, you should have experience implementing financial strategies and managing financial operations within a fast-paced biotech environment. You will need to work with the executive team and be a point of contact for the investors and board to ensure information is delivered in a timely manner to aid the wider business strategic decisions. As a Head of Finance, you will be tasked with managing the full financials of the company. You will supply accurate and timely management accounts, implementing financial controls, preparing reconciliations, and maintaining records of funds. This position will cover:
- Forecasting monthly, quarterly, and annual results
- Approving or rejecting budgets
- Conducting risk management
- Oversight of finance processes ensuring adequate controls
- Positioning the finance department for future growth

Responsibilities:

  • Take overall responsibility for preparation of management reporting and annual financial statements to ensure compliance with statutory requirements, investor reporting and governance structures
  • Manage the Healx forecasting and budget process and ensure this correlates with the wider Healx business plan
  • Assess the financial risk of any and all business operations, investments, and innovations and implement controls and improvements where suitable
  • Collaborate with the exec team, other department heads about budget, commercial opportunity, capital expenditure, investment opportunity, and divestments
  • To take the lead in year end audits, working with audit firms to ensure delivery of smooth and efficient audits including organising and leading audit committee meetings and minutes
  • Ensure compliance with taxation matters, supporting external parties with R&D tax credits, VAT and other taxesAssisting legal with managing share option schemes, assisting with employee communications, HMRC compliance, maintaining records, and producing share calculations where requiredAssist with any investment rounds and transactions as they arise
  • Manage the financial team acting as a mentor to aid their developmentCommunicate with outside financial and other relevant entities on behalf of Healx
  • Manage and be the point of contact for all financial aspects of the company and assist in ad hoc finance matters
  • Instituting and/ or strengthening procedures and reporting appropriate for a fast-growing and ambitious company

We are looking for someone who has:

  • Qualified Accountant (ACA/ACCA/CMMA)
  • Proven work experience as a Head of Finance, Director of Finance or similar role
  • Hands-on experience of running financial operations, especially with budgeting, forecasting, and risk management
  • Experience of the biotech sector, R&D tax credits, equity and share based accounting would be advantageous.
  • Proficiency in accounting software
  • Solid analytical and decision-making skills
  • Strong excel skills including modelling and reporting
  • Leadership abilities
Working at Healx
Healx works from a modern accessible office in the centre of Cambridge within easy reach of the train station. We offer a flexible, diverse, and inclusive working environment that considers your individual needs and believes in maintaining a sustainable work-life balance. You will be welcomed by a team of colleagues with decades of accumulated experience in their areas of expertise, happy to help you develop your own skills in a highly collaborative environment and who are keen to provide guidance and support in your personal and career development plans. Healx staff are increasingly working from our office and enabling the Head of Finance to connect in person with colleagues is an important consideration for us.
How to apply
Please submit your CV and cover letter below or reach out to polina.turbina@healx.io directly. For more information about Healx and how we use your data please go to https://healx.io/privacy/