Jobs at Parexel
We know just how important it is to put people first. It's with that human touch that we've played a part in nearly all of the top 50 treatments on the market. And every day, we're focused on working with industry leaders to bring life-changing healthcare to patients across the globe. Whether you join our Clinical, Consulting, Biotech, Functional Service Provider (FSP), or other teams, we're doing it With Heart ™.
Manager, FinanceJob ID R0000002068 India, Remote
When our values align, there's no limit to what we can achieve.
At Parexel, we all share the same goal - to improve the world's health. From clinical trials to regulatory, consulting, and market access, every clinical development solution we provide is underpinned by something special - a deep conviction in what we do.
Each of us, no matter what we do at Parexel, contributes to the development of a therapy that ultimately will benefit a patient. We take our work personally, we do it with empathy and we're committed to making a difference.
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, Strategic Business Finance (or) Associate Director, Strategic Business Finance
Financial Analyst’s/Senior Financial Analysts
Provides Work Direction to
Financial Analyst’s/Senior Financial Analysts
Works Closely with
Global Finance Center Analysts, Project Leaders, Functional Leaders, Portfolio Directors, Commercial Finance, Corporate Finance teams
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 FINANCIAL ANALYSTSs 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 FINANCIAL ANALYSTs 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 FINANCIAL ANALYSTSs 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. Oversees quality and delivery of updates on financial status at portfolio or account level and fulfill any client financial reporting needs
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 key project financial management performance indicators, identify areas for improvement, develop solutions and adjust org unit tactics, policies and procedures to improve project and portfolio financial outcomes
Employ proactive troubleshooting and quick problem solving as issues surface. Support organizational process and system improvement opportunities by participating in change initiatives at portfolio level
Ensure team discipline in meeting monthly deadlines and with the requisite quality. Establish and institute standards for project financial analytics and decision support for direct reports. Identify and promote existing best practices in Project Financial Management and directly communicate them to key stakeholders across the organization. Identify and communicate ways to improve project financial analysis process and metrics.
Team leadership for a set of FINANCIAL ANALYSTs and PFAs working within an account unit. Expect to lead a team of 5-10 and responsible for up to ~$100m in annual revenue. Mobilize staff and monitor performance to ensure successful financial and operational performance at account level. Set the agenda and objectives for team that ties into overall company financial goals and finance team objectives.
Maintain a positive, results orientated work environment, building partnerships and modeling teamwork, communicating to the team in an open, balanced and objective manner. Undertake the full range of duties relevant to the leadership, management and development of the team to ensure their performance meets and or exceeds both the business and their own personal goals/objectives.
Assess individual performance against objectives and work with the entire team on development plans to improve in job and beyond. Propose and act to change the make-up of team as needed, upgrading as needed. Replace as needed. Assess continuously. Conducts performance appraisals for assigned staff. Participate in formal staff review processes e.g. performance and salary reviews to corporate standards and timescales.
Identifies training gaps and opportunities to enhance the competency and skillset of FINANCIAL ANALYSTs organization
Mentors, Coaches, Trains FINANCIAL ANALYSTs on customer requirements, financial and organizational processes and systems
Where appropriate, assist in trouble-shooting complex Strategic Business Finance dynamics with Finance Business Partners and PFAs (e.g., serve as a point of contact for key issues escalation at project and/or portfolio level)
In support of SBU Portfolio Finance Manager, assist with the consolidation of SBU and/or region-level results, analyses and presentations. Implements actions in response to SBU opportunities to address customer specific concerns within SBUs portfolio
As Manager, Strategic Business Finance, build rapport with and understand/address needs of stakeholders. Provide guidance to FINANCIAL ANALYSTs / Project Leaders and other key stakeholders, as identified, at project level.
Proactively engage and challenge project and portfolio leadership to achieve financial and business goals; work closely with business and FINANCIAL ANALYSTs to meet financial goals and influence financially sound decision making
Develop and manage business partner relationships with portfolio leadership and functional leads / management in order to facilitate proper project/client performance information flow
Actively and proactively partners with various levels of internal and assigned external functions, including clients if necessary, at portfolio and/or account level (key accounts and/or small to medium size strategic partnerships)
Identify and communicate ways to improve project financial analysis process and metrics (at portfolio and/or account level (key accounts and/or small to medium size strategic partnerships)
Analytics & Problem Solving
Ensures data accuracy and integrity and conducts detailed analysis to solve problems and provide recommendations and insights. Considers the big picture, including all stakeholders, and looks beyond the obvious to anticipate problems and data needs and proactively find solutions.
Drive For Results
Proactively identifies and informs stakeholders about opportunities and risks to improve efficiency and profitability. Conducts crucial and challenging conversations to protect profitability and ethics.
Adapts approach and prioritizes activities, as necessary, to deal with uncertainty and change
Financial Acumen & Controls
Possesses and applies financial accounting and reporting knowledge, policies and procedures. Upholds all company and regulatory policies, compliance standards and controls to protect business integrity.
Prioritizes risks and develops solutions to achieve business objectives while remaining compliant with financial and accounting standards.
Partnering for Business Success
Partners and collaborates within and outside of Finance to create positive financial outcomes, generate better ideas, resolve issues and gain a One Parexel perspective. Educates and influences others by explaining the connection between business, finance and customer needs
Develops a holistic perspective by breaking down silos and incorporating views from other teams and functions
Process & Project Management
Holds oneself and others accountable to follow processes and deliver expected results.
Thrives in a complex, fast-paced and potentially ambiguous environment; Works effectively in a matrix environment
Expert in Excel and PowerPoint applications; advanced skills in financial performance systems (e.g., Hyperion)
Change Agent - Adept at recommendation and implementation of change through effective communication and leadership techniques
Demonstrated ability to develop, manage, and motivate direct reports.
Manages staff, helping direct reports prioritize, assign tasks/projects based on competency and skills. Employees problem solving and decision making skills. Ensure that every member has the resources required for success. Thinks globally and acts locally
Customer Focused Leadership
Understands the importance of and personally ensures client satisfaction. Is client focused and provides solutions; communicates clear service expectations to the team
Leads employees through change, managing resistance and providing guidance on how to navigate the change. Encourages, develops and rewards behaviors that support change. Communicates change to employees regularly and effectively including why it is important and what it means for them to help them understand and embrace it.
Influencing & Leading Teams
Keeps team informed by communicating information, expectations, and feedback with deep understanding in a timely manner. Leads the team to continuously improve. Takes time to build personal relationships. Demonstrates willingness and ability to hold the team accountable for results and gives credit for results
Reviews subordinates development plans and has ongoing dialogue with them to understand their aspirations, development objectives, actions and progress to milestones on a frequent basis. Helps subordinates balance their personal and organizational goals. Provides PMD support and coaching to ensure successful attainment of personal objectives. Consistently assesses each direct report's performance and proactively addresses under-performance with effective coaching to improve performance
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 5 to 10 people at least for 5 years Significant and progressive Finance and Management roles with strong analytical and Business Partnering track record.
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