The Sr 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.). The Sr FBP does this by applying a deep understanding of the project economics and profitability drivers, 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 II in the Client Finance organization influences Parexel business growth and profitability through financial leadership of defined projects, becomes known as the "go-to" person for broader Finance understanding or insight into defined projects and relevant project portfolios.
He / she interacts directly with project and portfolio leaders, assist with project and client strategy, supports project decision making.
The main success factors of this role include strong business acumen, understanding project operations and their implications for financial performance, and strong analytical and consulting skills.
Finance Business Partners II are expected to build strong business relationships across all levels of the organization, drive tactical and support strategic decisions, and become a trusted advisor to a set of diverse and demanding business counterparts (Project Leaders, and Portfolio Directors).
The Sr Finance Business Partner demonstrate competency in the overall financial management of complex projects and contract types.
Demonstrate strong understanding of business and / or service lines across Parexel including services or products being provided within assigned projects and portfolio(s).
Working independently, Sr FBP also evaluate and support larger portfolio performance.
Key Accountabilities / Behaviors :
clearly articulate financial implications of business decisions / choices, and provide retrospective analysis as well as drive forward looking actions on simple to complex project / contract types
For simple and complex projects and / or contract types facilitate the monthly revenue cycle and drive the 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.
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.
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.
As Finance Business Partner, build rapport with and understand / address needs of project leadership
Proactively engage and challenge project leadership to achieve financial and business goals; work closely with them to meet financial goals and influence financially sound decision making
Engages within various levels of internal functions, including clients if necessary
Identifies and communicates ways to improve project financial analysis process and metrics
Analytics & Problem Solving
Develops profitable recommendations, balancing between customer and business needs and profitability.
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