Overview of the Position:
The Manager of Financial Commitments supports the management of external and internal expenses for TB Alliance’s multi-year Research and Development portfolio. This role is responsible for tracking project-related financial commitments, supporting forecasting and milestone payments, and ensuring accurate expense reconciliation. The position is hands-on and collaborative, working across the organization with R&D, Human Resources and Finance teams.
Position Responsibilities:
R&D Financial Commitments & Project Support
- Support Clinical Development and Finance leadership during vendor selection and contract review and screening processes.
- Track financial commitments, payment milestones, and expenses across R&D projects throughout the project lifecycle.
Expense Management & Accounting Support
- Serve as back up for the invoices review process to ensure accuracy, appropriate documentation, and correct project and general ledger coding.
- Assist with month-end, quarter-end, year-end close activities and external audit process.
- Prepare routine and ad-hoc financial reports related to R&D spending and commitments.
- Manage grant management funding forms, inquiries and reporting.
Cash Management & Operational Support
- Manage banking activities, including preparing wire transfers and coordinating with approvers.
- Prepare bank and investment accounts reconciliations.
- Manage payroll, including but not limited to bi-monthly payroll processing, allocations, reconciliations, and tax filings.
- Manage the retirement plan funding, quarterly and year-end true-up reconciliations.
- Manage the annual retirement plan non-discrimination testing, filing of 5500 and related schedules.
- Manage the administrative aspects of insurance renewals and other finance operational activities, as assigned.
Compliance, Systems & Process Improvement
- Follow and maintain finance policies, procedures, and documentation related to financial commitments.
- Identify opportunities to improve efficiency, accuracy, and use of financial systems; demonstrate willingness to learn new tools and processes.
- Ensure full adherence to applicable GxP and regulatory standards. Maintain alignment with annual GxP and regulatory training requirements.
Requirements:
- Bachelor’s degree in accounting, Finance, Business, or a related field.
- 5–10 years of relevant accounting, finance, or project finance experience.
- Experience supporting pharmaceutical R&D, clinical research, or grant-funded environments strongly preferred.
- Experience with NetSuite desired.
- Strong attention to detail with solid analytical and organizational skills.
- Comfortable working with financial systems and spreadsheets; interest in technology and process improvement.
- Ability to work collaboratively in a mission-driven, global organization.
Organizational Information:
TB Alliance is the recognized leader in accelerating the development and adoption of urgently needed new anti-tuberculosis (TB) drugs. The transformative BPaL/M regimens have become the gold standard for drug-resistant TB treatment, available at affordable pricing in more than 150 countries worldwide and approved by regulatory agencies in 28 countries.
TB continues to cause more deaths worldwide than any other infectious disease and disproportionately impacts marginalized populations as the disease is concentrated in lower- and middle-income countries and in patient populations in the lowest economic strata. The World Health Organization (WHO) reports an estimated patient population of 10 million annually with active TB, of which 410,000 have drug-resistant forms of the disease. In addition, over 1.5 billion people are infected with the TB bacillus, forming the reservoir for the development of active TB.
Despite the high degree of unmet need worldwide, lack of commercial viability severely limits commercial interest in this disease area and treatment improvements are largely dependent on financial subsidization through public sector and private sector funding. TB Alliance was established to fulfill the need for greatly improved TB treatment, deploying a unique not-for-profit operating model characterized by a small core of highly experienced internal staff with capabilities extending across the Research & Development spectrum through to achieving widespread access to improved TB drugs. The TB Alliance has a global footprint and an annual operating budget of approximately $100 million, including ~$45M in negotiated leverage funding.
Compensation and Benefits:
As part of our overall compensation package, we offer a competitive salary, comprehensive health benefits, generous retirement contributions, and work/life flexibility designed to support employees and their immediate family. Starting salary is expected to be in the range of US$110,000 – $138,000 exact salary will be commensurate with skills and experience and adjusted to reflect local currency for candidates outside the US.
Instructions:
Interested candidates may submit resumes to jobs@tballiance.org
Terms and Conditions:
Position based in New York City, NY (US), with the incumbent ideally located within commutable distance. Other relevant locations may be considered. A flexible, hybrid schedule is available; domestic and international travel may be required.
TB Alliance is an Equal Employment Opportunity employer. This job description should not be construed to imply that these requirements are the only standards for the position. Other duties may be assigned. TB Alliance has the right to revise this job description at any time. TB Alliance is an “at will” employer and as such, neither this job description nor your signature constitutes any form of contractual arrangement between you and TB Alliance.