Manager Strategic Finance

Essential Function

The Manager is expected to lead a high-performing group, providing strong, actionable support to PLs as well as other operational project staff. Serving as a “player-coach” to his/her team, the Manager is expected to establish him/herself as a strong source for perspective on the factors affecting project forecast variances and profitability. Manager responsibilities include coordination of the processes around project revenue and forecasting, project reporting, and review of project unbilled/deferred positions. Managers are expected to enforce standards, proactively manage risk areas, provide solutions, and implement of process improvements. This position will require excellent leadership, communication skills and the ability/willingness to collaborate across functions and regions. Position success will be measured by the overall quality and timeliness of project reporting as well as revenue recognition and forecast accuracy. In Partnering with Project Leads, the Manager is expected to steer projects toward targeted financial goals and performance (e.g. revenue, profitability, cash flow, etc.). In doing so, this leader will serve as a partner to a specific customer or set of customers, as well as establish standards and policies for project financial management analytics and decision support across Parexel.

Relationships Reports To

Sr. Manager, PFE or Director, PFE

Directly Supervises

PFA, FBP

Provides Work Direction to

PFA, FBP, GFC

Works Closely with

GFC, PLs, FLs, PFDs, Commercial Finance, Corporate Finance

Key Accountabilities:

Provide accurate, transparent, and timely financial and non-financial analysis to support project leadership in project and project portfolio decision making process; clearly articulate financial implications of business decisions / choices, and provide retrospective analysis as well as drive forward looking actions at portfolio level

Provides leadership and guidance to FBPs in the project analysis requirements for defined projects; Monitors compliance with the execution of financial processes and preparation of monthly business analysis (e.g. revenues and costs, actuals vs. forecast, variances)for defined projects at portfolio level. Analyzes and reports on relevant and impactful set of project metrics at portfolio and/or account level. Leverages understanding of the business context to synthesize financial and operational data into meaningful business insights that highlight performance, risk, and opportunities at portfolio or customer level. In so doing, evaluates project resource planning support, monitor resource levels on ongoing projects and identify and communicate project/portfolio margin implications at portfolio . Provides leadership support to FBPs in identifying insights that highlight performance, risk and opportunities. Identifies alternative finance scenarios with a high degree of technical knowledge, business acumen, best practice approach at the portfolio or account level. Develop and manage business partner relationships with product leadership and functional leads / management in order to facilitate proper project/account performance and information flow. Proactively engage and challenge project and portfolio leadership to achieve financial and business goals; work closely with business and FBPs to meet financial goals and influence financially sound decision making.

Partner with Commercial Finance and clients as needed on MSA or work order financial items and in meeting client reporting and forecasting deliverables.

Relentlessly bring a focus on the underlying data integrity and control framework, and on the execution of all SOX controls and fulfillment of audit requests.

For assigned projects / accounts, oversee activity on balance sheet analysis. Ensure resolution of aged items.

Monitor keyQualificationsQualifications:

Education

MBA Finance (Regular) from premier institutes; CA / CMA / CPA

Minimum Work Experience

10+ years of experience in FP&A, Financial Reporting, strong understanding on US GAAP, Revenue recognition methodologies, Revenue controls. Should have handled a team of 10 people at least for 5 years Significant and progressive Finance and Management roles with strong analytical and partnering track record.