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
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.