Title Associate Manager, Financial Planning and Analysis
Job Category Finance & Auditing
Job Description
PURPOSE:
Performs controlling, analysis, and reporting function for assigned line of business budget area. Identifies and drives group-wide process improvements as needed. Responsible for the completion of month-end financial statement preparation, reporting, and analytics.
RELATIONSHIPS:
Reports to the Sr. Director, Financial Planning and Analysis. Interacts with all levels of the business and partners heavily with assigned functional areas. Primary financial contact for assigned functional area and deals with all levels within that organization, from SVP to Administrator.
ESSENTIAL FUNCTIONS:
* Performs complex analyses, identifies trends and insights, and translates data into clear, actionable insights and recommendations
* Provides formal and informal guidance, analyses, data retrieval etc. for assigned functional areas as needed
* Responsible for the completion and transmission of monthly financial statement reports, analytics, and commentary to local and HQ management
* Coordinates/prepares supporting analyses, schedules, spending summaries, as necessary, in support of functional area SVP, for Executive Team (ET) budget meetings
* Provides spending recommendations to functional area based on analytical analyses, acquired knowledge, and judgment
* Plans and establishes budget review meeting calendar for functional area
* Responsible for ensuring Global Financial Planning system is updated, reconciled, and in agreement with desired spend levels for assigned areas
* Presents budget results, commentary, and action recommendations to area leadership teams on a regular basis
* Provide updated spending forecasts, variance explanations, and business drivers to Sr. Director, FP&A for use in ongoing profit forecasts and analytics
* Responsible for ensuring adherence to prescribed internal controls and documenting such adherence, as necessary, in conjunction with Sarbanes–Oxley requirements
* Assists in coordination/preparation of RE/AB budget document for CPH
* Communicates/distributes final budget amounts to Cost Center Managers for assigned area
* In conjunction with Cost Center Manager, ensures monthly budget phasing is appropriate
* Interfaces with functional area to gain agreement as to supporting detail with respect to ET Budget review corrective actions and ensures appropriate systems are updated and reconciled
* In “hard close” months, meets with functional area Cost Center Managers to develop accrual journal entry support based on knowledge of assigned functional area, accounting principles and adherence to prescribed internal controls
* In “soft close” months, provides functional area accrual recommendations at monthly closing meetings, based on knowledge of assigned functional area
* Guidance is provided to Cost Center Managers as to the nature and propriety of accruals
* Prepares periodic reports of spending for SVP’s and functional VP’s for assigned area and Business Analysis functions, providing commentary and interpretation of results vs. Financial Plan
* Raises “red flags” as appropriate
* Responsible for mastering and becoming expert in various financial systems such as Business Warehouse, Global Financial Planning, SAP R/3, and ESSBASE, as required
* Teaches, trains, supports assigned functional area with respect to Global Financial Planning, Business Warehouse, and SAP R/3, as necessary
* Collaborates with stakeholders to design and execute analysis to support decision-making and planning
PHYSICAL REQUIREMENTS:
Not Applicable
DEVELOPMENT OF PEOPLE:
Not Applicable
KEY SUCCESS FACTORS: EDUCATION, EXPERIENCE, KNOWLEDGE AND SKILLS
* A Bachelor's degree required; relevant experience may be substituted for degree, when appropriate; advanced degree preferred; a degree in Accounting/Finance preferred
* A minimum of 5 years’ of progressively responsible, relevant experience is required
* A minimum of 2 years’ experience in Accounting/Finance is required
* Advanced capability in Excel, PowerPoint and Word required
* Experience with SAP or other enterprise systems a plus
* Must have the ability to develop and maintain strong internal relationships
* Customer focused mindset to service internal and external customers and provide the highest level of support is required
* Must have the ability to communicate and consult with individuals at all levels of the business
* Must have demonstrated ability to drive effective decision-making, planning and improvements
* Must have demonstrated ability to providing the highest quality services to internal and external customers; demonstrates attention to detail and skill at auditing to ensure accuracy
* Must have demonstrated ability to lead discussions, facilitate collaboration among groups and deliver presentations to achieve objectives
* Must be able to use time effectively; sets priorities in order to manage multiple projects with time sensitive deadlines
* Must have the ability to work with minimal direction
* Must have the ability to plan, schedule, and arrange own activities in accomplishing objectives
* Applies analytical methods and tools to translate data into clear, actionable insights and recommendations
Department FIN - FINANCIAL PLANNING & ANALYSIS (2)
Position Location US - Princeton, NJ
City Princeton
State/Provinces US - NJ
Novo Nordisk is committed to equal employment opportunity and providing reasonable accommodations to applicants with physical and/or mental disabilities. We value and encourage diversity and solicit applications from all qualified applicants without regard to race, color, gender, sex, age, religion, creed, national origin, ancestry, citizenship, marital status, physical or mental disability, medical condition, veteran status, genetic information, or any other characteristic protected by federal, state, or local law.
Novo Nordisk will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information.
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