Senior Manager, CMR Budget Planning & Analysis Job Job in Princeton, New Jersey US
Requisition ID 6400BR
Title Senior Manager, CMR Budget Planning Analysis
Job Category Operations
Job Description PURPOSE:
Directs the strategic forecasting, trending and utilization reporting of resources for the Clinical, Medical and Regulatory Affairs (CMR) in support of annual NACMR resource utilization review and bi annual Global Development Project Portfolio review in NNAS.
Directs the budget planning, analysis and reporting of the US CMR organization. Ensures that internal (NNI related) and external (Global Development related) costs are reported, followed and documented in conjunction with current SOP requirements.
Assists with the overall management and development of Clinical Business Management personnel, and process development/improvement. Manages and coordinates the operational aspect of the overall Clinical Development Medical and Regulatory Affairs (CMR) overall budget. Responsible for integrating the CBM training within SOE and CMR.
RELATIONSHIPS:
Reports to the Senior Director of Strategy and Operational Effectiveness, and interfaces with CMR cost center managers, Project Managers as well as personnel at all levels of CMR, NNI Financial Planning and Analysis (FPA), Corporate and RD Finance at NNAS. NNI Finance and Strategic Sourcing at NNI, Corporate and RD Finance at NN A/S, and clinical trial sites and investigators conducting clinical trials for NNI. This position has direct supervisory responsibility for Professionals and or Administrators within the CMR Budget Planning and Analysis group.
ESSENTIAL FUNCTIONS:
BUDGET MANAGEMENT:
* Analyzes CMR operating budgets and works with each CMR Department head on a monthly basis to review and track trending.
* Develops materials for and trains CMR staff on budgets and payment process.
* Directs the preparation of monthly budget analyses for VP and CMR Cost Center Managers ensuring monthly phasing of spending is appropriate.
* Drive charge back account reconciliations with NNAS.
* Drives the AB, and RE analyses and preparation for all CMR departments preparing VPs budget analysis and presentation.
* Key performer in liaising on behalf of all Financial Functions in the SAP/GFP applications driving the monthly quarterly accruals
CLINICAL BUSINESS MANAGEMENT METRICS:
* Proactive management of trial workload portfolio, identifying risks and mitigation strategies, ensuring effective communication to Senior Management.
* Responsible for ensuring the accuracy and validity of the collected CBM metrics.
CMR OPERATING BUDGETS:
* Assist department in meeting Balanced Scorecard Requirements by continuous monitoring of budgetary status.
* Guides Directors in developing and analyzing rolling estimates, anchor budget, and end of fiscal year budgetary requirements as well as monthly/quarterly updates with Director and Vice President.
CONTINGENT WORKFORCE PERSONNEL:
* Manages and oversees the reconciliation of the CMR contingent personnel budget.
RESEARCH AND DEVELOPMENT CREDIT BENEFITS:
* Communicate necessary data for Corporate Tax department in Finance as required by State and Federal Laws.
* Ensure the accuracy and validity of the annual report for the qualified research and development expenditures.
TRAINING AND DEVELOPMENT OF NEW AND EXISTING CMR AND DEPARTMENT STAFF:
* Coach and mentor new hire personnel.
* Guide through, but not limited to, NN Way, SAP, Expedition, Excel, Business Objects, EDC, iSite, CATS, Compliance Wire, isoTrain, LMS, Globeshare, and etc.
PHYSICAL REQUIREMENTS:
* Approximately 5% overnight travel
DEVELOPMENT OF PEOPLE:
* Coaches and develops personnel to ensure that the functional area skills are being developed and that department objectives are being met. Also train new hires on process issues as needed.
* Direct reports may include Analysts, Budget Associates and Business Support Coordinators. Conducts performance appraisals and provides guidance and assistance in setting goals and objectives with employees. Approves vacation and meeting attendance requests, expense reports and check requests for staff.
* Ensure that reporting personnel have 3P forms with annual goals and measurements that are consistent with the priorities of the business, and that interim reviews are held so that their work is focused on those priorities, and they understand their level of accountability for results and the measurement process.
* Ensure that the 3P forms include IDP (Individual Development Plan) completed with the Learning and Aspiration plans and are in place for all reporting personnel to enable the achievement of goals and capability to assume increased levels of responsibility.
* Ensure that the IDP forms include completed Learning and Aspiration plans and are in place for all reporting personnel to enable the achievement of goals and capability to assume increased levels of responsibility.
* Fosters intra- and inter-departmental work and communications.
* Manage the application and communication of all Novo Nordisk policies, procedures, and Novo Nordisk Way of Management (i.e., Fundamentals, Vision 21).
* Manage the application and communication of all Novo Nordisk policies, procedures, and Novo Nordisk Way of Management.
* Reviews and audits expense reports for direct reports.
KEY SUCCESS FACTORS: EDUCATION, EXPERIENCE, KNOWLEDGE AND SKILLS
* A Bachelors Degree in Accounting, Finance, Economics or related field required
* A Master in Business Administration (MBA) preferred
* Minimum 8 years related experience in the pharmaceutical industry, i.e. clinical research, required
* Minimum of 10 years of experience in accounting or financial analysis required
* Advanced degree may be substituted for relevant experience where appropriate
* Analytical, negotiation, meeting management, cross-functional team and leadership skills
* Demonstrated computer skills (MS Office, Business Objects, and SAP ECC/BW)
Department CMR - BUDGET PLANNING ANALYSIS
Position Location US - Princeton, NJ
City Princeton
State/Provinces US - NJ
Degree Required Bachelor's Degree Required
Percent Travel 0 - 10%
