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67743459 Senior Financial Analyst - Parsippany, NJ

Job Information

ID :
#38244590
# of Positions :
1
Minimum Education Level :
Bachelor's Degree
Experience Required :
5+ years
Duration :
Full Time Regular
Shift :
Unspecified
Hours per week:
40

Job Description

 

About Ferring:Making a difference in the lives of millions of people globally takes every role at Ferring working seamlessly together. We recognize that our success is tied to each team member's ability to take on new challenges and drive real results. When you join us in a corporate role, you'll work closely with inspiring leaders who are open to new ideas. You'll also be expected and empowered to make your voice heard, look for ways to improve what you do and put them into action. You can gain a wide range of experience and make a broad impact within an organization that supports you to thrive and grow.Job Description:Contribute to outstanding innovation + Make braver choices

Senior Financial Analyst

Location: Parsippany

As a privately-owned, specialty healthcare company, Ferring focuses on developing life-changing innovations that help people live better lives. Our independence helps us cultivate an entrepreneurial spirit and long-term perspective that enables us to achieve growth and scale while remaining agile and true to our 'people first' philosophy. Built on a 70-year commitment to science and research, Ferring is relentless in pursuit of science that drives powerful discoveries and therapies to help people build families, stay healthy, and stand up to the world's oldest enemy: disease.

Summary:

The role contributes to the operational finance activities, concentrated around Procure to Pay, Inventory, Capital Investments, Fixed Assets, and Accounting to Reporting processes and acts as first point of contact for the Business Process Optimization (BPO) initiative (Genpact) for the above listed finance related matters. The role conducts retained operational activities, especially knowledge based and provides review and approvals to the BPO and ensures finance processes are conducted smoothly and with high quality, in compliance with existing fiscal and civil regulations, as well as with specific company policies and accounting principles, in compliance with existing fiscal and civil regulations, as well as with specific company policies and accounting principles. The role manages processes and complex tasks, works independently with limited supervision and makes judgements based on experience.

Responsibilities:

Finance strategy and business partnering:
Advise and challenge business with timely and proactive analyses, assessments of variances to the plans, financial impacts and risks.
Provide Management Information to other departments.
Inform timely on any unexpected issue impacting potentially the financial performance of the Country and Area.
Propose/implement corrective actions.
Identify areas of improvement in business and organisation and propose implementation plan.
Monitor key ratios.

Finance Policy:
Strict implementation of IFRS and internal guidelines across the entities (and others if applicable).
Adherence to the local fiscal and finance related regulations of the respective country.
Inform timely on potential issues, assess the risks and propose corrective measures.
Overseeing and working in close collaboration with the BPO and ensuring the deliverables from the BPO:

Order goods/services:
Verify the quality of a purchase.
Support/Manage purchase orders.

Accounts Payable:
Support/Manage discrepancies.
Support/Handle vendor queries.
Being the liaison between requestors, procurement and suppliers to monitor and facilitate the resolution of issues in the P2P process.
Identify areas of improvement and propose implementation plan, propose efficiency improvement measures and monitor key ratios.

Manage expenses:
Support/Manage queries.

Working in close collaboration with the country/site Finance organisation and ensuring timely achievement of the below tasks:
Period end closing and reporting:
Define Journal Entries.
Perform analytical review.
Perform Internal Control Systems.

Inventory management and validation:
Perform Inventory accounting.
Transfer pricing.
Process month end and reporting.
Perform cost accounting and control.
Stock take.
Project accounting and validations and authorisation of payments for Payroll accounting.

Overseeing and working in close collaboration with the BPO and ensuring the deliverables from the BPO:
Period end closing and reporting:
Process current period transactions.
Generate and process Journal Entries.
Close and open, reconcile Sub-ledgers.
Update balances.
Adjust GL for period close and close GL period.
Generate financial reports.
Maintain G/L master data.
Manage allocations.
Intercompany reconciliations.

Cash reconciliation: Load and reconcile bank statements.

Accounting for Fixed Assets, Tax Accounting and Payroll accounting.

Financial budgeting and planning:
Contribute to achieving financial ambitious goals and targets; and challenge budget of other departments and of other organisational units if applicable
Forecast P&L and cash flow
Perform budget process

Financial reporting: Perform statutory reporting by ensuring accounting records and reports are accurate, duly approved and comply with the Statutory Accounting Principles.

Costing: Perform variance analysis.

Management reporting and forecasting:
Prepare period financial forecast.
Evaluate financial performance by advise and challenge the business with timely and proactive analyses, assessments of variances to the plans, financial impacts and risks; provide management information to other departments; inform timely on any unexpected issue impacting potentially the financial performance of the Country and Area, propose/implement corrective actions; identify areas of improvement in business and organisation and propose implementation plan, monitor key ratios; identify & implement synergies across the country; propose efficiency improvement measures.

Projects and improvements:
Support the governance of capital investments and maintain adequate internal controls for the fixed assets of the Site.
Support HQ/Corporate Finance in the implementation of corporate Finance programs, processes or procedures which are to be locally applied.
Contribute to performance management and drive continuous improvement initiatives e.g. propose standardized and coordinated use of financial information systems, identify and propose optimization measures.

Compliance and integrity:
Strict implementation and adherence to internal guidelines, instructions, processes and systems, local as well as global.
Strict adherence to the local fiscal and finance related regulations of the respective country.
Risk management: Inform relevant parties timely on potential issues, assess the risks and propose corrective measures.

Collaboration:
Collaborate with SDM's to ensure smooth service delivery.
Collaborate with GPO to work on continuous process improvements.
Collaborate with BPO to ensure a smooth relationship and a seamless delivery of the in-scope finance activities.

Requirements:
Bachelor's Degree required.Master's degree in Finance, Accounting or Economics preferred.
5 years'experience in Finance or Accounting required. At least 2 years' working experience as finance analyst in a multinational environment, preferred.
Demonstrated understanding of financial and accounting principles and processes.
An analytical mindset and be a self-starter, being able to see opportunities and solve problems independently.
Good communication and stakeholder management skills, being able to work with both management and employees in the organisation.
Presenting your views and being challenged.
Work independently with the ability to influence multiple stakeholders.
Ability to work in decentralised finance structure.
Ability to collaborate with cross-functional teams to improve performance.
Professional business English (oral and written) as well as local language as required.
Budget/Revenue (annual turnover accountability, annual cost or project budget the role has at its disposal).

Prospective new hires for this position must be fully vaccinated against COVID-19 as a condition of employment. Vaccine verification will be required on your start date unless an exemption has been approved by the Company as a medical or religious accommodation.

Join our team and you'll become part of a close-knit family - one in which you'll be listened to and your contributions valued. Surrounded by like-minded people, you'll have the support to achieve more. So if you love to come up with new ways to make a positive difference and see them through, welcome to the team.

We maintain a drug-free workplace and perform pre-employment substance abuse testing.
Location:Parsippany, New Jersey

We are proud to be an Affirmative Action/EEO Employer. EOE Minorities/Females/Protected Veterans/Disabled

Company Information

Name :
Ferring Pharmaceuticals Inc.
Description :
pharmaceutical preparations (except biological) 
Type :
Direct Employer
Address :
100 Interpace Parkway
Parsippany, NJ 07054

Application Information

Online :
Job Posting Entered On :
6/20/2022
Job Posting Expires On :
9/18/2022