Job
Description
About the role: The Project Finance Business Partner are responsible for ensuring excellence in financial management and controls across assigned their assigned projects and portfolio. These are individual contributor roles working closely with Project Managers to manage project profitability, realization, client reporting and systems support/maintenance. Project Finance Business Partner will have additional responsibilities relating to Project Finance transformation having a key role in ensuring systems are updated and aligned with changing business practice, development and implementation of training materials and business processes as they relate to financial management in PSA to impacted departments across Novotech. It is anticipated that transformation responsibilities will be at least 50% of FTE, varying dependent on business need. Responsibilities: Ensure revenue recognition and forecasting support is provided throughout the lifecycle of all projects within assigned portfolios. Provide business partnering analysis on realization, profitability, budgets forecasts. Support Project Managers to identify and develop plans to resolve areas of poor financial performance. Ensure financial excellence targets are met on all assigned projects- realization, profitability, maintenance of deferred revenue balance where appropriate. Liaise with Project Management personnel offering timely advice, support and resolution to issues and omissions in month end financial process. Provide insight to senior management on project movements compared to forecast and contract. Manage the month end processes across the group, as they relate to revenue and forecast management, project performance. Oversee project finance close out activities and support final budget reconciliation by responsible PM to Client, Sites and Third-Party Vendors. Ensure compliance with any contracted project finance requirements for completed projects. Develop strong relationships with our customers, ensuring timely response to client queries and reporting requests. Oversee Project Finance responsibilities with respect to client contracting. E.g. milestone schedule development, payment terms, upfront fee negotiation. Ensure the timely and accurate set up of projects within the ERP and timely handover to Project Management. Initiate, lead and implement process improvement initiatives within the Project Finance group. Ensure Project Finance systems are updated and aligned with changing business practice; development and implementation of training materials and business processes as they relate to financial management in PSA, across impacted departments within Novotech organization. Minimum Qualifications Experience: Graduate in a finance, clinical or life sciences related field. Relevant experience/qualifications in allied professions may also be considered. At least five years experience within the pharmaceutical/CRO industry or related field for Project Finance Business Partner, and at least eight years experience within pharmaceutical/ CRO industry or related field for Senior Project Finance Business Partner. Strong financial acumen with a desire to drive business performance and accountability. Must have high level of proficiency in Microsoft office, specifically advanced Excel skills. Experience with Salesforce/Certinia ERP ecosystem. Novotech is proud to offer a great workplace. We are committed to being an employer of choice for gender equality and providing an inclusive work environment where everyone is treated fairly and with respect. Our team members are passionate about what we do, but we understand work is only of the things that is important to them. We support our team members with flexible working options, paid parental leave for both parents, flexible leave entitlements, wellness programs and ongoing development programs. We are looking for people who are passionate about working clinical research and biotech, including people who identify as LGBTIQ+, have a disability or have caring responsibilities. We are a Circle Back Initiative Employer and commit to respond to every application. We look forward to contacting you regarding your application. Graduate in a finance, clinical or life sciences related field. Relevant experience/qualifications in allied professions may also be considered. At least five years experience within the pharmaceutical/CRO industry or related field for Project Finance Business Partner, and at least eight years experience within pharmaceutical/ CRO industry or related field for Senior Project Finance Business Partner. Strong financial acumen with a desire to drive business performance and accountability. Must have high level of proficiency in Microsoft office, specifically advanced Excel skills. Experience with SalesForce/Certinia ERP ecosystem. Responsibilities Ensure revenue recognition and forecasting support is provided throughout the lifecycle of all projects within assigned portfolios. Provide business partnering analysis on realization, profitability, budgets forecasts. Support Project Managers to identify and develop plans to resolve areas of poor financial performance. Ensure financial excellence targets are met on all assigned projects- realization, profitability, maintenance of deferred revenue balance where appropriate. Liaise with Project Management personnel offering timely advice, support and resolution to issues and omissions in month end financial process. Provide insight to senior management on project movements compared to forecast and contract. Manage the month end processes across the group, as they relate to revenue and forecast management, project performance. Oversee project finance close out activities and support final budget reconciliation by responsible PM to Client, Sites and Third-Party Vendors. Ensure compliance with any contracted project finance requirements for completed projects. Develop strong relationships with our customers, ensuring timely response to client queries and reporting requests. Oversee Project Finance responsibilities with respect to client contracting. E.g. milestone schedule development, payment terms, upfront fee negotiation. Ensure the timely and accurate set up of projects within the ERP and timely handover to Project Management. Initiate, lead and implement process improvement initiatives within the Project Finance group. Ensure Project Finance systems are updated and aligned with changing business practice; development and implementation of training materials and business processes as they relate to financial management in PSA, across impacted departments within Novotech organization.
