Finance Opportunities at Parexel
By being hired into one of our Finance jobs at Parexel International Careers, you’ll be a key member of the Parexel International Careers team. Professionals in Finance careers come from a variety of backgrounds, bringing an assortment of knowledge and skills to every area of our business. A job in Finance at Parexel International Careers may be waiting for you!
Project Finance Business PartnerJob ID 56961BR Bengaluru, Karnataka, India
The Finance Business Partner is expected to establish him/herself as a “co-pilot”, along with the Project Leader (PL), in steering a set of projects to their targeted financial goals (e.g. revenue, profitability, cash flow, etc.). As such, the FBP acquires an understanding of the project economics and profitability drivers. Under supervision, he/she assists in translating them into operational actions, and proactively advising the PL on how to influence critical operational levers in order to positively impact project financials. The Finance Business Partner/Projects is the "go-to" person for broader Finance understanding or insight into defined projects. He / She interacts directly with project leaders, helps set project strategy, supports project decision making, and guides future project decisions on the basis of 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 technical, analytical and consulting skills. Finance Business Partners are expected to build business relationships across all areas of the organization, drive tactical decisions, and become a trusted advisor to Project Leaders. The Finance Business Partner demonstrate competency in the overall financial management of simple projects and contract types. Demonstrates understanding of limited number of business and/or service lines across PAREXEL focusing primarily on major services or products being provided within assigned projects and portfolio(s)
Create accurate, transparent, and timely financial analysis to support project leadership in project decision making process; clearly articulate financial implications of business decisions / choices, and provide retrospective analysis as well as drive forward looking actions on simpler projects / contract types
For less complex projects facilitate the monthly revenue cycle and support project analysis requirements, 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. Identify risks in the project forecast and opportunities to improve revenue outlook. Communicate, document and manage these on an ongoing message. Understand alternative finance scenarios within a project with a degree of technical knowledge and business acumen.
Demonstrate understanding of the business context to synthesize financial and operational data into meaningful business insights that highlight performance, at project level. Take steps to be embedded with project teams in order to understand operational steps, challenges, connections, financial implications. On an ongoing basis, consult with PLs and functional leads on financial matters. Provide financial expertise and guidance, improving the overall acumen of the project teams. Function as the project controller / CFO.
Provide updates on financial status for assigned projects and create information in response to any client financial reporting needs for assigned projects in the area of project reporting, forecasting, or transactional details for the projects within the portfolio.
As required, complete all revenue control testing, SOX or audit related.
For less complex projects, actively monitor the balance sheet positions of projects within the portfolio. Initiate action as needed with project teams to keep balances current, improving DSO and cash flow.
Maintain, produce and communicate a relevant and impactful set of project financial metrics designed to support evaluation of financial performance consistent with the project and contract types being managed. In partnership with PLs and project teams, prepare and conduct a monthly project review of performance, operational status, and outlook. The review will focus on revenue forecast, labor and margin, billing status, assumptions, special contract items. The review should capture potential improvement opportunities and actions will be taken.
Play a key role in initiating, building, and reviewing change in scope activity on assigned projects. Work with the project teams on an appropriate budget for the scope of work. Maintain/update simpler project budgets within relevant tools from post-award onwards including analysis and understanding on any subsequent changes in scope
Review labor assumptions on assigned projects, both volume and mix. Build discipline in our project teams in charging time accurately. Understands project resource planning support, monitor resource levels on ongoing projects and identify and communicate project/portfolio margin implications.
Put steps in place with project teams to ensure pass-thrus are managed within project budgets, including appropriate to trigger change in scope as needed.
As Finance Business Partner, communicates, builds rapport and understands/address needs of project leadership.
Engages project leadership to achieve financial and business goals; work closely with them to meet financial goals and supports financially sound decision making
Develops business partner relationships with project leadership in order to facilitate proper project performance information flow
Communicates ways to improve project financial analysis metrics
Analytics & Problem Solving
Determines data requirements and sources of information, conducts analysis under supervision.
Drive For Results
Consistently delivers timely and quality results. With supervisory support, develops recommendations regarding project profitability
Financial Acumen & Controls
Applies current financial and accounting standards, policies and controls.
Partnering for Business Success
Understands PAREXEL’s business, different lines of business and industry trends related to your area of expertise
Developing an understanding of partners' priorities
Process & Project Management
Prioritizes, sets expectations and works in an efficient and disciplined manner.
Thrives in a complex, fast-paced, matrix environment
Strong experience with Excel and PowerPoint applications; experience with financial performance systems (e.g., Hyperion)
Ability to manage multiple and varied tasks with enthusiasm and prioritize workload with attention to detail
Qualified Chartered Accountants/Qualified Management Accountants / Masters in Finance with Bachelors Degree in Commerce or Finance (regular course) from reputed College/University
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