Principal Finance Business Partner
Parexel International Corporation
Hyderabad, Telangana, India
The Principal is expected to establish him/herself as a “co-pilot”, along with the Project Manager (PM), in steering a set of projects to their targeted financial goals (e.g. revenue, profitability, cash flow, etc.). The Principal does this by applying a deep understanding of the project economics and profitability drivers, translating them into operational actions, and proactively advising the PM on how to influence critical operational levers to positively impact project financials. As a Principal, the individual will operate as a leader across a portfolio, process area, or project team in a similar manner as a Manager. The Principal Business Partner influences Parexel business growth and profitability through strategic financial leadership of defined projects, becomes known as the "go-to" person for broader Finance understanding or insight into defined projects and relevant project portfolios. He/she interacts directly with project managers, helps set project and client strategy, supports project decision making, and guides future project decisions based on their impact on project financial performance. The main success factors of this role include strong business acumen, strong grasp of project operations and their implications for financial performance, and strong analytical and consulting skills. Principals are expected to build strong business relationships across all levels of the organization, drive tactical as well as strategic decisions, and become a trusted advisor to a set of diverse and demanding business counterparts (Functional Leads, Project Managers, and Service Line Leads). The Principal demonstrates competency in the overall financial management of complex projects and contract types. Demonstrate strong understanding of business and/or service lines across Parexel regardless of services or products being provided within assigned projects and portfolio(s). Working independently, will also evaluate and support larger portfolio performance as well as proactively liaise to ensure remediation of any concerns related to customer and/or business units because of overall financial performance of projects and/or portfolio(s).
Relationships Reports To: Manager CCS Strategic Finance
Directly Supervises: Likely to supervise several PFAs or FBPs
Provides Work Direction to: PFA, FBP, GFC
Works Closely with: GFC, PMs, FLs, Commercial Finance
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 on complex project / contract types at both project and portfolio level
For complex projects and/or contract types, facilitate the monthly revenue cycle, including a review of units, forecast, unit prices, and revenue recognition. Ensure appropriate supporting documentation is available and that the forecast is aligned with operational plans. Complete all required variance analyses for the set of projects, with insight. Take full responsibility for execution of financial processes and interpretation of monthly financial and business analysis for defined projects / portfolio.QualificationsEducation: BA in Finance or Accounting, or relevant experience preferred.
Minimum Work Experience: Strong and progressive Finance roles with strong analytical and partnering track record.
Language Skills Strong command of the English language, both written and verbal