JOB DESCRIPTION : Position Objectives :
Position Objectives :
The objective of the Finance Business partner of BU is to provide Business Unit (BU) Director and Product Managers with reliable financial support, aimed on maximization of NS and profit of BU / product in long-
term horizon and delivery of BU financial goals. It includes, but not limited to driving transparency, predictability and efficiency of BU financial results, together with putting in place controls of budget fulfilment and costs necessity and efficiency.
Finance business partner will be responsible for the full P&L of BU jointly with BU Director, driving NS growth and continuous improvement of profitability and costs / investments efficiency.
Finance Business Partner will be leading all financial processes, connected with Business Unit, guiding BU Director and Product managers through these processes.
It includes budgeting; reporting; financial forecasting; financial results analysis; costs approval; shifting of budgets within the year to maximize profitability;
sales&operational planning (S&OP); team target setting & tracking; business cases (initiatives) assessment and approval; etc.
Finance Business partner will work closely with BU Management (Director, Product managers, Sales Managers), Commercial Support functions, Demand Manager and other Finance Team members.
Finance business partner will be directly accountable to the EPD Controller for the following controls’ and major work deliverables :
NS and Profit of Business Unit / product;
Fulfillment of BU Budget Targets;
Efficiency of commercial investments (A&P, Sales Force);
Efficiency of department overheads;
ROI of new launches;
Development of annual business plan for BU (full P&L);
On-time reporting of P&L (vs BGT, vs LE);
Update and alignment of BU forecast (NS, Profit);
Risks and Opportunities assessment;
Development of gap closing plans (if required);
Approval of expenses;
Forecast accuracy for NS and Profit;
Financial assessment of new launches / initiatives
Job Functions / Activities
Support BU Director at all internal review of BU performance, annual planning and business cases approval, acting as a prime financial person responsible for BU results;
Lead annual planning process for BU for all P&L lines (GS, NS, Gross Margin, A&P, SG&A) and distributors stocks by each product within BU.
Provide timely reporting of BU P&L (vs BGT, vs LY). Analyze variances vs BGT, vs LY for BU P&L (volumes, price, mix, trade spend, advertising and promotions (A&P), sales and general administration costs).
Receive, analyze and challenge the marketing & sales projections and assumptions for the local Business Units. Update financial forecast for NS and Profit of BU for current financial year and 24 months rolling.
Monitor all Risks and Opportunities vs last forecast; assess their probability. Initiate gap closing exercise (or Plan B execution), if required for gap closing reasons.
Check Budget availability and approve all BU expenses. Actively participate in sales & Operational planning process (S&OP) : check reliability of assumptions behind sales forecasts, monitor full year performance of BU vs Plans, raise red flags if any risks observed;
facilitate gap closing (plan B) discussions. Propose, monitor and validate targets achievement for BU; Run financial assessment of all new launches and initiatives;
act as first approving person of such initiatives. Constantly train and educate BU team, driving higher level of financial knowledge (drivers of NS, Profit, financial consequences of business decisions, etc).
Keep the BU Management constantly informed of general status and issues. Adhere to Abbott policies and procedures.
University degree, preferably finance, economics.
Additional qualifications (CIMA, ACCA,etc) or MBA is a plus.
SAP knowledge and extensive excel knowledge.
Organizational skills : strong leadership ability, conflict resolution / management, learning agility, drive for change, dealing with ambiguity, business acumen
Technical Skills : Analytical and strategic thinking, highly efficient communication and presentation skills, process improvement / optimization mentality, evident cross-functional experience.
Fluent English / Russian
Solid knowledge of Code of Business Conduct applicable for key pharma market players
JOB FAMILY :
Financial Planning and Analysis
DIVISION : EPD Established Pharma
EPD Established Pharma