FP&A - Transversal Cost & Business Cases

Job content

Introduction

Looking for a new challenge as a Financial Planning & Analyst Partner - Transversal Cost & Business Cases in a pharmaceutical company located in Brussels? So read on!

Job description

Business Partnering

• Provide financial support and guidance to Finance Business Partners, Insights-to-Impact (I2I), business leadership, for respective PVUs and local markets. Evaluate and interpret financial data and operational trends, to enable effective resource allocation and decision-making. Includes, but not limited to: support for business reviews, monthly reporting and analysis, identifying solutions to non- standard requests, handling confidential matters
• Lead the budget and planning process for the units with local and Global FP&A
• Meets regularly with business partners to review financial performance and discuss variances on actual to budget. Facilitates review with business partners on the accuracy of budget and rolling forecasts, and development of measures to ensure financial and operational objectives are met
• Develop and interpret relevant analytics across business functions and activities
• Provide guidance highlighting accounting changes impact on the business

Ad-hoc analysis and analytical reports

• Review monthly expenditures to ensure proper coding and budgetary goals are met
• Ad-hoc analysis to quantify scenarios and business cases
• Ensure accurate, relevant, on-time delivery (leveraging Genpact team) of recurring reporting and:

 analysis, included, but not limited to

 analysis on monthly profitability and operating expense variances

 headcount analysis including proper reporting for headcount variances compared to targets

 monthly financial reporting and operational metrics for product teams, business unit management, and executive management

Resource Re-allocation/Rolling Forecast/Budget/10YP exercises

• Ensure that high-level budget and forecast concepts can be implemented in a harmonized way, in alignment with Global FP&A
• Lead preparation, consolidation, and submission of forecasts and annual plans
• Quantify business drivers and assumptions, scenarios
• Coordinate the forecast exercises with the Knowledgeable Planners after alignment with the Finance Business Partners and Insights-to-Impact (I2I)
• Implement advanced analytics as appropriate in forecast development
• Ensure that the budgets and forecasts are completed at the appropriate level
• Ensure deliverable for budget and forecast reviews are completed in a timely, accurate and complete manner
• Uploads the data for exercises done locally and regionally into the system
• Performs adjustments and reconciliations if needed on forecast changes
• Checks Forecast phasing to align with operational timelines

Monthly Close Process

• Assists Record to Report (R2R) team with month-end close process by reviewing financial performance and providing relevant business insight and variance analysis
• Works with R2R on accruals development in a timely and effective manner

Master data management

• Setup and maintenance of cost objects, POs, and Delegation of Authority (DoA)
• Performs periodic review of allocation rules, cost center master data, WBS settlement, and PO mapping to ensure correct ownership and functional alignment

Alignment & standardisation

• Build standardised budget files to integrate all people
• Work on standardising the templates for the financial exercises for the entire FP&A group (Templates, upload files,…)
• Finetune and build the standardised way of building business cases (Templates, way of working, tracking business cases,…)
• Building and maintaining strong working relationships with other assigned Business partners: Record-to-Report (R2R, or Accounting), Genpact (outsourcing partner in India), Global Finance and Sourcing counterparts including FP&A, Accounting, Tax, Treasury, Compliance, Supply Chain and other key stakeholders, to create patient value.

Other

• Participation on cross-functional initiatives and committees

Requirements

• Needs to have a minimum of 5-7 year’s relevant business experience
• String excel and technical system skills
• Excellent communication and presentation skills
• Strong interpersonal skills to deal with internal and external communications, including senior management.
• Ability to be the recognized expert for deep technical knowledge and to manage demand from the business for analytics requests
• Business Acumen – ID business drivers based on overall objectives, translate into quantitative measures, evaluate consistency with budgets and strategic plans
• Strong depth of financial, economic and business analysis experience
• Be able to work with deadlines and to effectively multi-task
• Ability to proactively challenge business partners and leadership on resource allocation -expenses, business cases, investment proposals, etc. – and recommend alternatives
• Ability to actively think and communicate in context of various scenarios. Flexible and adaptive, ability to take new perspectives on existing solutions
• Understand and interpret internal/external business issues and recommend best practice solutions to drive improvements
• Demonstrate ability to work in a global team environment and work collaboratively

Offer

• Consultancy or freelance
• Start : ASAP - 15/08/2023 (extendable)

Company

Our client is a Belgian multinational active in the pharmaceutical sector.