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)
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.
Qualifications : Education
Qualified Chartered Accountants / Qualified Management Accountants / Masters in Finance with Bachelors Degree in Commerce or Finance (regular course) from reputed College / University
Why Work at Parexel
There are pivotal moments in every career : Sharing new treatments. Improving processes. Delivering life-saving advances.
The people who succeed are the ones who make the journey go further and faster every time. What if you had a partner to support you as you reach the next level in your professional path?
A partner who believes a collaborative environment is key to achieving your goals? A partner who is dedicated to your health and wellness so you can help make a difference in the lives of millions worldwide?
That’s Parexel. We’re a diverse team of professionals focused on one goal : getting treatments into the hands of those who need them most.
Working together, the results we bring to our clients and the opportunities we bring to our team get better with every step.