Frances Hu
San Jose,CA
Summary
Proactive Director of Accounting and Finance with strong background in financial analysis, budgeting and forecasting. Well-versed in producing reports, evaluating department operations and handling month- and year-end closings. Meticulous, conscientious and methodical in approach.
Overview
17
17
years of professional experience
1
1
Certification
Work History
Director of Accounting and Finance
Alladapt Immunotherapeutics
Menlo Park, CA
09.2023 - 01.2024
- Led Executive Team and SVPs for Financial Forecasting process (Quarterly, Annual, and Long Range) to drive strategic messaging and preparation of Board of Directors presentations.
- Finance Liaison for all CRO activities, accounting, and evaluation of new CRO bids for Financial considerations.
- Prepared internal and regulatory financial reports.
- Oversight of team of four Financial analysts and consultants in Month end close, Payables, System implementation (NetSuite and Coupa), and Audit support functions.
- Perform ad hoc financial analysis and modeling for business scenarios to support potential partnerships, joint ventures, investors and acquisition/dissolution of company.
Associate Director/Manager of Financial Planning and Analysis
Alladapt Immunotherapeutics
Menlo Park, CA
09.2021 - 08.2023
- Consolidated and prepared forecasts (quarterly, annual and long range)
- Developed and analyzed various budgets and performed financial statement analysis
- Implemented Planful and NetSuite, including leveraging of consultants to customize and drive efficiencies by automating transfer of Actual data for Budget variance analysis.
- Finance Lead for Clinical Studies: developed financial model forecasts; review of contract terms for financial implications/obligations; review of CRO financial reports for accuracy and completeness; and accrual accounting in accordance with GAAP.
- Led teams of up to 4 personnel, supervising daily performance as well as training and improvement plans.
- Perform ad hoc financial analysis and modeling for business scenarios to support potential partnerships, joint ventures, and investors.
Finance Manager
Abbott Diabetes Care
Alameda, CA
12.2017 - 08.2021
- Supported annual spend that has increased 2x in three years. Maintained forecast accuracy to within 5% on quarterly basis.
- Worked with five Divisional VPs and their Directors to develop forecasts on quarterly basis and ensure strategic portfolio alignment. Presented forecasts to Senior VP on quarterly basis.
- Established new business unit for Lingo Biosensor (designed to track glucose non-diabetes use, ketone, lactate or alcohol). This included independent financial reporting, business cases for new products/new use cases, financial support from product development to commercialization of product, and long-range strategy planning.
- Assessed capital vs. expense recognition for LibreView (Software to be marketed) and presented to Divisional Finance DVPs and Abbott Corporate Assistant Controller. Independently developed decision tree for accounting considerations which has been implemented as company-wide guidance across Abbott by Corporate Finance.
Finance Supervisor
Abbott Diabetes Care
Alameda, CA
08.2014 - 12.2017
- Led US Commercial Finance team (3 Analysts) in monthly/quarterly revenue forecasts including gross to net (chargebacks, rebates) and month close.
- Worked with Commercial Directors on developing forecasts based on patient consumption, managed care rebates, and wholesaler channel inventory.
- Finance subject matter expert (SME) for decommissioning and replacement of Essbase with Qliksense application.
- SME for Revenue recognition analysis including consideration of multiple element deliverables and gross to net.
Senior Financial Auditor
Abbott
Chicago, IL
09.2012 - 08.2014
- Planned and executed financial audits at US and International Abbott locations through coordination with local affiliate management and VP of Internal Audit.
- Assessed risks and internal controls by identifying areas of non-compliance and evaluating manual and automated financial processes.
Senior Associate/ Associate
PwC
Chicago, IL
01.2007 - 09.2012
- Supervised teams which include oversight and completion of audit, budget maintenance and coordination with client.
- Experienced in annual audits, quarterly reviews and acquisition accounting for Public, Private and Nonprofit clients, employee benefit plans and inter-office reporting.
Education
Bachelor of Arts - Business Economics
University of California - Los Angeles
Los Angeles, CA03.2006
Bachelor of Science - Microbiology, Immunology, Molecular Genetics
University of California - Los Angeles
Los Angeles, CA03.2006
Skills
- Financial Analysis and Reporting
- Variance Analysis
- GAAP and statutory reporting
- Audit coordination
- Preparing models
- Microsoft Excel
- NetSuite
- Coupa
Certification
- CPA - Certified Public Accountant (Inactive)
Timeline
Director of Accounting and Finance
Alladapt Immunotherapeutics
09.2023 - 01.2024
Associate Director/Manager of Financial Planning and Analysis
Alladapt Immunotherapeutics
09.2021 - 08.2023
Finance Manager
Abbott Diabetes Care
12.2017 - 08.2021
Finance Supervisor
Abbott Diabetes Care
08.2014 - 12.2017
Senior Financial Auditor
Abbott
09.2012 - 08.2014
Senior Associate/ Associate
PwC
01.2007 - 09.2012
Bachelor of Arts - Business Economics
University of California - Los Angeles
Bachelor of Science - Microbiology, Immunology, Molecular Genetics
University of California - Los Angeles
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