Senior Finance And Forecasting Manager

 

Description:

The Senior Finance and Forecasting Manager, Business Partnering CVRM and EB, plays a critical role on the Biopharmaceutical Canada Finance and Forecasting team, establishing relationships and delivering strategic finance decision-making in a complex and dynamic environment.

The incumbent will provide valuable and insightful financial and business analysis to support commercial initiatives and planning cycle, partner and engage with senior leaders, while identifying risks and opportunities to the business.

This role includes creating and delivering on strategic financial initiatives to achieve revenue and expenses deliverables prioritising the most effective use of resources. Business partners are finance leaders, demonstrating deep engagement with the business and strong collaborators with colleagues across a cross-functional team, including sales, market access, marketing and medical functions.

The role reports to the Director of Finance, Business Partnering and will be a key advisor to members of the Biopharma Canada Leadership Team.

The focus for this role is:

Lead and deliver financial oversight, both revenue and expenses, for the assigned Therapeutic Area (Franchise) in support to the Business unit, whilst demonstrating strong business acumen and developing important relationships.

Develop deep best-practice knowledge within your business area and be accountable for business decision outcomes.

Supporting the needs of the Commercial, Supply and Financial arms of the business for your assigned Therapeutic Area (TA), you will merge therapeutic area knowledge with pharmaceutical market factors to identify key assumptions that will support the revenue forecasts.

Key Responsibilities:

Business Partnering & Decision Support

Working proactively with Business Unit Stakeholders to understand current and future financial information

Being actively involved in the review and development of short- & long-term commercial strategy

develop robust financial forecasts & models to support the priorities of the unit

Build and apply strong business acumen to engage with business unit

Works with the business to understand problems and how to best prioritize projects and products

Challenges business partner perspective (where appropriate), grounded in facts and data

Supports launch products by handling uncertainty and risks associated with product forecasts

Engages with international finance and forecasting leaders to provide insights and benchmarking

Business Performance

Works closely with the Therapeutic Area Franchise Head to ensure accuracy of financial forecasts, both revenue and expenses, and using a good understanding of the business model and financial drivers, to challenge and influence the key cost drivers and assumptions.

Develops reliable operational and financial forecasts while ensuring integrity of the data to promote a high-quality forecast submission.

Collaborates within team and business partners to track revenue and expense performance and articulate financial impact of risks and/or opportunities arising from variances within the budget

Highlights sensitivities & risks and delivering timely, accurate and granular reporting and robust commentary of the TA’s performance, linking business drivers to actual spend and forecast.

Understands brand assumptions (price, competitor activity, access/regulatory changes) and initiatives and help build the brand strategic plan by challenging the business and providing the financial point of view

Understands competitor positions and products to analyse and question / challenge budget submissions for sales and costs to ensure submissions are accurate, justifiable and sound

Supports the Senior Manager, FP&A with the financial planning cycle in the area of accountability

Proactively partners with the business to drive cost excellence through lean leadership, efficiencies along with simplification and standardization.

Assists in the delivery of robust and rigorous financial analysis of risks and benefits for major business initiatives to help support data driven decision making.

Delivers business acumen and financial education and awareness to teams through proactive engagement and collaboration.

Leads financial performance reviews for area of responsibility for key business and Finance review meetings.

Engages with Finance Director to improve and/or simply working practices/processes

Leads monthly business review (MBR) meetings with TA colleagues to flag revised revenue assumptions and make adjustments to monthly supply chain forecasts

Provides latest estimate on revenue forecasts on a monthly basis

Provides rationale for gaps between value (budget) and volume (supply) forecasts on a monthly basis

Drives year end and month end closure activities for the Therapeutic area

Traits of a successful candidate:

Effectively communicates the story behind the numbers to the business

Identify current and future critical decision points based on expert knowledge and experience

Asks questions that efficiently lead to identification of root cause of problems

Activates the team to collect actionable insight

Proactively suggests solutions to business problems to address to COE

Generates multiple options to solve a problem and identifies and presents the most effective solution

Effectively prioritizes business problems based on urgency and relevance

Discusses financial performance in terms of the financial implications and business activities

Automates operations aspects of the role, pro-actively simplifies where appropriate

Is comfortable with uncertainty and manages risks to the financial forecasts

Builds strong relationships across the business

Essential:

Bachelor's degree in accounting, Finance or any other relevant Business discipline.

8+ years progressive experience in finance and/or accounting and forecasting with a minimum of 3 years in a CPG/Pharmaceutical environment (or equivalent)

Extensive experience in fostering and maintaining internal partner relationships and management

Solid understanding of Canadian biopharmaceutical or related industry

Ability to engage cross-functional working groups and teams

Experienced in partnering with other functions to achieve success.

Strong planning and systematic thinking, including project management and budgeting

Credibility at the most senior executive levels

Strong interpersonal, communication, and influencing abilities

Excellent written skills in English, including enhanced presentation skills

Problem solving – ability to resolve conflict and deal with a wide range of complex problems independently

Ability to explain and provide context around statistical methodology

Ability to build partnerships, influence decisions, work in a collaborative style

Maintains flexibility in fast-paced environment and continually evolves to meet changing business needs

Takes initiative and performs independently

Desirable:

Prior exposure to SAP or similar ERPs.

Drive Performance and is independent in thinking.

CPA, CMA, and/or MBA is preferred

Positively impact and influence others and quickly establish credibility while building strong business relationships

Experience with market analytics and/or insights