Location Uxbridge, Middlesex, United Kingdom
Job Description :
Essential Function
Serves as the Project Financial Management team leader for a geographic or functional segment of PCMS. Provides analytical support to the Director of Project Financial Management and assigned client group with a high degree of professionalism and minimal supervision. Drives all analysis, reporting and financial control for the assigned areas of responsibility. Oversees the performance, growth and retention of Project Financial Analysts and/or Project Finance Support Specialists.
Key Accountabilities
• Manage the Project Financial Management group responsible for all areas of Project Financial Management including Revenue Recognition, Invoicing, Forecasting, Analysis, delivery to Budget etc.
• Oversee and/or deliver financial project metrics and analysis in line with PAREXEL and client requirements.
• Implements & monitors business segment level financial controls in compliance with PAREXEL corporate policies and Sarbanes-Oxley (SOX) requirements.
• Support internal and external audit requirements / assessments relating to all accounting compliance requirements including revenue. Support client audits as required.
• Assist with the monthly business segment financial close process including preparation of monthly revenue recognition, project labor and cost analysis and A/R aging review & control.
• Monitor the regional billed and unbilled aging reports, monitoring DSO trends and evaluating reserves.
• Work closely with the Operations Project Lead Groups to ensure that billing is accurate and timely.
• Identify trends impacting revenue recognition, burn rate, profitability, and DSO.
• Provide consultation, facilitate calculation and develop action plans in conjunction with Project Leadership to keep project on time and within budget.
• Take appropriate action following regular feedback sessions from project teams including client feedback.
• Ensure that ongoing/revised project documentation is accurate and complete.
•Ad hoc analyses as needed.
•Ensure direct reports meet departmental productivity and quality metrics.
•Continuously improve upon team skills with all PAREXEL financial applications (PERFORM, Project Accounting, Oracle, etc.) and related reporting tools (Business Objects, Excel, etc.) in the interest of departmental cross-training and system skills development.
• Implement process improvements, in conjunction with the management team and trainers, in response to project team feedback including client feedback and financial audits.
• Work closely with the other PFM managers to ensure a seamless service delivery
• Support team members to improve their efficiency and effectiveness at prioritizing work and improving performance evidenced by the work produced, project team feedback including client feedback and audit results.
• Provide technical support and mentorship to team members to ensure that they have the required knowledge to fulfill their duties.
• Provide oversight and coaching to support Project Finance Analysts and/or Project Finance Support Specialists to meet project targets
• Undertake the full range of duties relevant to the leadership, management and development of the team to ensure their performance meets and or exceeds both the business and their own personal goals/objectives
• Maintain a positive, results orientated work environment, building partnerships and modeling teamwork, communicating to the team in an open, balanced and objective manner
• Participate in formal staff review processes e.g. performance and salary reviews to corporate standards and timescales.
Qualifications :
Skills
• Understanding of accounting concepts. Experience with service contract revenue recognition preferred.
• Experience with accounting information systems (Oracle Financials experience preferred)
• CRO/Pharmaceutical Industry experience a plus
• Demonstrated analytical abilities
• Excellent communication and presentation skills required
• Comfortable and effective moving routinely between detailed data analysis and staff management tasks.
• Well-experienced with Microsoft suite of products (Excel, Access, PowerPoint, Outlook)
• Demonstrated ability to manage and motivate direct reports.
• Outstanding negotiation and organizational skills.
• Excellent interpersonal, verbal and written communication skills
• Client focused approach to work
• A flexible attitude with respect to work assignments and new learning
• Ability to manage multiple and varied tasks with enthusiasm and prioritize workload with attention to detail
• Willingness to work in a matrix environment and to value the importance of teamwork.
• Ability to role model behaviors and ethics in line with PAREXEL Mission, Vision and Values.
• Ability to travel as needed.
Education
• BS/BA degree (or global equivalent) in Finance, Accounting, or Business. MBA a plus.
• Qualified Accountant a plus (ACA, ACCA, CPA, CIMA)
Language Skills
• Strong command of the English language
Minimum Work Experience
• Strong professional experience in positions of increasing responsibility.
About the Author
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