Financial Analyst I / II

Parexel Haw River , NC 27258

Posted 2 months ago

Parexel has an excellent opportunity for a Financial Analyst I or II to join our global finance team. The Finance Analyst 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.). As such, the FA acquires an understanding of the project economics and profitability drivers. Under supervision, he/she assists in 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 Analyst is the "go-to" person for broader Finance understanding or insight into defined projects. They interact directly with project leaders, helps set project strategy, supports project decision making, and guides future project decisions on the basis of their impact on project financial performance. The main success factors of this role include strong business acumen, strong grasp of project operations and their implications for financial performance, and strong technical, analytical and consulting skills. Finance Analyst are expected to build business relationships across all areas of the organization, drive tactical decisions, and become a trusted advisor to Project Leaders. The Finance Analyst demonstrate competency in the overall financial management of simple projects and contract types. Demonstrates understanding of limited number of business and/or service lines across Parexel focusing primarily on major services or products being provided within assigned projects and portfolio(s).

Key Accountabilities;

  • Create accurate, transparent, and timely financial analysis to support project leadership in project decision making process; clearly articulate financial implications of business decisions and provide retrospective analysis as well as drive forward looking actions on simpler projects / contract types.

  • For less complex projects, facilitate the monthly revenue cycle and support project analysis requirements, including a review of units, forecast, unit prices, and revenue recognition. Complete all required variance analyses for the set of projects, with insight. Identify risks in the project forecast and opportunities to improve revenue outlook. Communicate, document and manage these on an ongoing message. Understand alternative finance scenarios within a project with a degree of technical knowledge and business acumen.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

Qualifications

General Expectations;

  • Understands and delivers to expectations, such as: project/proposal deliverables, reporting, etc.

  • Demonstrates critical thinking /problem solving skills.

  • Learns quickly, applies gained knowledge to further deliverables and duties in role.

  • Understands fundamentals of CRO industry and how Finance's role influences in the organization.

  • Delivers standard/typical work deliverables with minimal issues.

  • Errors in work product should be minimal.

Technical Expectations;

  • Demonstrates effective, proactive financial support.

  • Has ability to deliver accurate reports/information to various parties.

  • Understands drivers of success in role; able to hit deadlines with goal of first-time quality.

  • Continues building financial analysis skills.

Communication & Partnering Skills;

  • Organizes their workflow, understands how to manage their time to hit their deliverables.

  • More vocal in meetings and interactions within Finance and the broader organization.

  • Intermediate variance analysis & commentary skills, continued improvement expected.

  • Developing influencing skills, including using data to help persuade.

Skills & Education;

  • 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.

  • Interpersonal skills.

  • Strong command of the English language, both written and verbal.

  • BA in Finance or Accounting, or relevant professional qualification preferred e.g. ACA, ACCA, CIMA etc.

EEO Disclaimer

Parexel is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to legally protected status, which in the US includes race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.

icon no score

See how you match
to the job

Find your dream job anywhere
with the LiveCareer app.
Mobile App Icon
Download the
LiveCareer app and find
your dream job anywhere
App Store Icon Google Play Icon
lc_ad

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Business Analyst Business Process And Product Experience Analyst

Parexel

Posted 6 months ago

VIEW JOBS 5/14/2021 12:00:00 AM 2021-08-12T00:00 The Business Process and Product Experience Analyst, is responsible for working with the assigned business teams to develop a deep knowledge of process and systems used to deliver the organization's services, use qualitative and quantitative research to determine user behavior and digital adoption, and make constructive recommendations for change in process, systems and/or training. This includes identifying and solutioning change that involves business process improvement analysis, data intelligence of department functions, analytical insights, and prioritization of process execution and performance objectives with the Functional Department Leadership Team. You are highly analytical, data driven, and a bit of a salesperson - not only identifying and advocating for impactful changes, but also influencing the implementation of those changes. Key Accountabilities: Business Partner & Analyst * Build strategic relationships and manage communication and alignment across multiple, cross-disciplinary teams * Partner with business representatives to assess needs, prioritize objectives and understand pain points * Facilitate interpretation and decision making based on supporting analysis and data insights. * Provide Business Process and Product Experience expertise to projects * Proactively identify process excellence opportunities based on process performance metrics and improvement objectives Data Expert * An understanding of data and how to source it * An understanding of the relationship between data and processes * Understand dataflows and integrations between systems Deliver strategic analytic solutions * Support requirements gathering, documentation, development, deployment, communication, and training on assigned projects * Utilize the best available, or most suitable, technologies when providing solutions * Support delivery and enhancement of existing solutions Ad-hoc analysis and support * Support evolving business needs via ad-hoc data analysis or business intelligence requests * Provide analysis, perspective, answer questions and provide guidance as needed Qualifications Skills: * Experience in Business Process modeling and developing user and system requirements * Experience in AGILE or related rapid application development tools and process * Excellent interpersonal, verbal, and written communication skills * Excellent analytical problem-solving skills * A flexible attitude with respect to work assignments and new learning * The ability to work successfully with a global team in a matrix environment * The ability to influence stakeholders and work closely with them to determine acceptable solutions * The ability to present information effectively and confidently in front of internal and/or external clients * Excellent planning, organizational, and time management skills * Excellent documentation skills Technical * Competency in MS Office applications including Visio, Word, and PowerPoint * Advanced Excel skills, including Macros * The ability to understand and navigate complex data models * Basic jQuery skills * Basic data preparation/transformation skills * Some knowledge of Statistical Analysis techniques * Familiarity with WalkMe or another digital adoption tool preferred Knowledge and Experience: * Some experience performing in information-based business or analyst roles * A general understanding of clinical research and some experience in clinical research services * An understanding and some experience working with data in a domain relevant to clinical research services Education: * A bachelor's degree in a related discipline desired (life science, business, engineering, computer science, math/statistics, etc.) * MBA or an advanced degree in a related discipline is a plus EEO Disclaimer Parexel is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to legally protected status, which in the US includes race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status. Parexel Haw River NC

Financial Analyst I / II

Parexel