Lawrence Beck

Lawrence Beck Email and Phone Number

Senior Advisor, Strategy and Operations @ Browne Consulting
Winthrop, MA, US
Lawrence Beck's Location
Winthrop, Massachusetts, United States, United States
About Lawrence Beck

As a senior finance professional who specializes in building effective, appropriately sized finance groups for growing life science startups, I have deep experience in guiding private companies from initial funding through IPO completion. I’m known for immediately jumping into a new assignment, swiftly assessing operations, and identifying hiring, system, process, and control needs. Companies lean on me to provide appropriate financial solutions for their operational state. Concurrently, I’m assessing future needs and implementing enhancements so companies can smoothly transition as they grow.I partner with senior management to understand companies’ strategic direction, and from there, I build out a right-sized financial framework. To do that, I review and enhance the budgeting and cash flow planning functions, develop effective internal controls, and revamp operational processes to ensure strong governance, compliance, and financial integrity.**HIGHLIGHTS**➺ Guided three biotech companies through multimillion-dollar IPOs. Coordinated all required financial activities with executive management, attorneys, auditors, and bankers. Oversaw audits for S-1 filing, prepared financial statements and disclosures, and performed stock split calculations. Managed transfer agent and online broker post-IPO to enable a seamless transition. ➺ Consistently streamlined and optimized processes, improved financial transparency, and expedited internal reporting for growing startups. Managed 3rd-party vendors (audit, tax, valuation specialists, insurance brokers, technical accountants, transfer agent, etc.) to ensure adherence to deliverables. Rolled out information systems and software services (enterprise resource planning (ERP), financial planning, treasury, equity administration, payroll, travel/expense tracking, and contract management). Led four equity administration system implementations.➺ Developed equity expertise by managing stock administration functions for several companies. Served as primary contact for all operational, compliance, financial, and accounting matters related to equity. Partnered with Legal and HR to provide equity oversight. **EXPERTISE**Financial Strategy, Accounting & Finance Operations, IPO Preparation & Execution, Budgeting & Cash Flow Management, Financial Planning & Analysis (FP&A), Financial Reporting, Needs Assessment, Process Improvement, Project Management, Team Leadership, Risk Mitigation, SEC Compliance, Internal Controls Development & Implementation, Equity & Cap Table Management, Valuation & Transaction Support

Lawrence Beck's Current Company Details
Browne Consulting

Browne Consulting

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Senior Advisor, Strategy and Operations
Winthrop, MA, US
Employees:
68
Lawrence Beck Work Experience Details
  • Browne Consulting
    Senior Advisor, Strategy And Operations
    Browne Consulting
    Winthrop, Ma, Us
  • Browne Consulting
    Senior Advisor, Strategy & Operations
    Browne Consulting Oct 2023 - Present
    Cambridge, Ma, Us
    As Senior Advisor, Strategy & Operations, I will be a member of the senior team focused on developing strategy, optimizing internal operations, leading and assisting in certain key initiatives, and coaching and mentoring staff.
  • Clade Therapeutics
    Acting Vice President Of Finance / Consultant
    Clade Therapeutics Oct 2021 - Dec 2022
    I was hired to build out the finance function for this rapidly growing biotech company, leading all finance and accounting functions, as the company grew from 10 to 50 employees. As part of my role, I guided the company through its first annual audit, concluding with a clean audit opinion and no unadjusted differences. Nearing the end of my contract, I partnered with management to hire and onboard a full-time VP of Finance to ensure a smooth changeover.
  • Invivyd
    Vice President Of Finance / Controller
    Invivyd Aug 2020 - Oct 2021
    Waltham, Massachusetts, Us
    Within my tenure, I directed the accounting group from company inception, through Series A, B, and C fundings, and ultimately through the company’s successful IPO (with no SEC accounting comments). I also established, managed, and grew the department to encompass staff, internal controls, infrastructure, and processes, as well as transitioned from a consultant to a full-time employee.
  • Bluerock Therapeutics
    Acting Vice President Of Finance / Consultant
    Bluerock Therapeutics Jan 2020 - Jul 2020
    Cambridge, Massachusetts, Us
    Blue Rock (located in both the US and Canada) originally contracted me to establish and grow US finance operations. My contract was extended, and I was appointed to lead the transition of finance operations from New York City to Cambridge, Massachusetts. Additionally, I managed all internal operations within the finance department.
  • Scholar Rock
    Finance & Special Projects Consultant
    Scholar Rock Jan 2019 - Dec 2019
    Cambridge, Massachusetts, Us
    Contracted to support the company’s CFO, I performed and presented high-level financial analyses, led quantitative and qualitative commercial real estate analysis of the Cambridge biotech rental market, evaluated next-step financing options, and developed slide decks for Board of Directors meetings.
  • Neon Therapeutics
    Finance Consultant, Systems Implementations
    Neon Therapeutics Oct 2018 - Dec 2018
    Cambridge, Massachusetts, Us
    During this contract, I implemented equity administration software for a newly public biotech company. I also performed a comprehensive equity audit to ensure data accuracy and integrity, as well as led a project to enable equity holdings visibility and online trading for stock plan participants.
  • Bluerock Therapeutics
    Finance Consultant & Acting Controller
    Bluerock Therapeutics Oct 2017 - Sep 2018
    Cambridge, Massachusetts, Us
    As Acting Controller for this high-growth biotech start up, I was responsible for building the operational framework for all aspects of accounting and finance (purchasing, payables, payroll, general ledger, equity, tax, treasury, and analysis, etc.).
  • Editas Medicine
    Finance Consultant
    Editas Medicine Sep 2015 - Oct 2017
    Cambridge, Massachusetts, Us
    Contracted to serve as an integral part of the IPO team, I oversaw all aspects of equity functions, including operations, accounting, financial analysis, and systems implementation.
  • Ironwood Pharmaceuticals
    Finance, Accounting, Human Resources, & Sales Operations Consultant
    Ironwood Pharmaceuticals 2008 - 2015
    Boston, Ma, Us
    During this eight-year contract, I worked in several areas of the business. Some key highlights were:➺ Worked on the S-1 filing and participated in the successful completion of the company’s IPO that raised $203M in net proceeds.➺ Built the equity administration function in preparation for the IPO. Oversaw transfer agent and online broker relationships.➺ Managed quarterly and yearly financial audits required for the S-1 filing.➺ Resolved and documented several complex accounting issues impacting equity compensation plan design, revenue recognition, lease, and clinical trial accounting.➺ Led or contributed to several cross-functional teams to gather requirements, select, test, and rollout new systems including enterprise resource planning (ERP), stock plan management and reporting, and payroll and HR administration.➺ Analyzed sales data per requests received from commercial management team. Provided various options and potential solutions to management’s questions.➺ Assessed and prepared multiple schedules, analyses, and financial disclosures.
  • Cubist Pharmaceuticals
    Director Of Accounting
    Cubist Pharmaceuticals 2003 - 2007
    Lexington, Ma, Us
    ➺ Controlled all accounting functions while managing 10 staff. ➺ Established a gross-to-net model for pharma sales. Developed reserve analyses for sales and prompt pay discounts, customer chargebacks, Medicaid rebates, and wholesaler distribution fees. Implemented all operational aspects for pricing changes, discounts, chargebacks, and rebates.➺ Developed a government pricing function for pharmaceutical sales (Medicaid/Medicare/VA); updated the Pricing Committee on key issues/trends.➺ Championed the initial SOX implementation; ultimate testing resulted in a clean audit.➺ Maintained DSO at circa 35 days with no bad debt write-offs.
  • Brassring
    Director Of Accounting
    Brassring 2001 - 2002
    Us
    ➺ Successfully hired new corporate accounting staff and smoothly transitioned the accounts payable, payroll, and general ledger functions from California to Massachusetts within the timeframe set forth by senior management.➺ Directed the 2001 year-end audit, resulting in zero materially proposed audit adjustments (in the previous year, the company posted 50+ audit adjustments which materially impacted its financial statements).➺ Actively participated in finance initiatives to increase managerial accountability and instill greater financial control; redesigned the chart of accounts, evaluated reporting and budgeting tools, and implemented a purchase order system.➺ Oversaw the reporting of financial data to internal management.➺ Coordinated all aspects of the preliminary and annual audits with external auditors.
  • Digitas North America
    Director Of Accounting
    Digitas North America 2000 - 2001
    Boston, Massachusetts, Us
    ➺ Actively participated in a successfully completed IPO.➺ Managed a $500K Lawson general ledger redesign project on time and under budget.➺ Directed the general ledger, accounts payable, and payroll functions in a high-growth environment, while overseeing three direct reports and a total staff of 25.➺ Oversaw the reporting of all financial data to internal management and the Board of Directors.➺ Reviewed earnings press releases and SEC filings (10Q, 10K).
  • Pioneer Group
    International Accounting Manager
    Pioneer Group 1996 - 1999
    ➺ Recruited back to Pioneer to develop and manage this new functional area.➺ Managed a department of three staff accountants to ensure the timely and accurate consolidation of accounting information from over 30 subsidiaries worldwide.➺ Reengineered the process for receiving accounting information from the international sites, as well as decreased the monthly G/L close by five business days.➺ Actively participated in the conversion from a legacy accounting system to PeopleSoft.➺ Reviewed financial statements for all international sites, including a gold mine, a timber operation, international venture capital limited partnerships, real estate, a retail brokerage, and mutual fund companies.
  • Pwc
    Audit Senior Associate
    Pwc 1994 - 1996
    Gb
    Passed CPA exam on first sittingTested internal controls, coordinated client/staff/management issues, supervised and reviewed audit work of engagement staff and prepared client's financial statements

Lawrence Beck Education Details

  • Tulane University - A.B. Freeman School Of Business
    Tulane University - A.B. Freeman School Of Business
    Accounting
  • Fox School Of Business At Temple University
    Fox School Of Business At Temple University
    General
  • Institute For Professional Excellence In Coaching
    Institute For Professional Excellence In Coaching
    Certified Life Coach

Frequently Asked Questions about Lawrence Beck

What company does Lawrence Beck work for?

Lawrence Beck works for Browne Consulting

What is Lawrence Beck's role at the current company?

Lawrence Beck's current role is Senior Advisor, Strategy and Operations.

What schools did Lawrence Beck attend?

Lawrence Beck attended Tulane University - A.b. Freeman School Of Business, Fox School Of Business At Temple University, Institute For Professional Excellence In Coaching.

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