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Associate Director - Forecasting Innovation Project

Employer
Novo Nordisk
Location
Plainsboro, NJ
Start date
Nov 26, 2023

Job Details

About the Department 

At Novo Nordisk, our Finance and Operations team is the engine that elevates holistic commercialization of our products. The Finance and Operations team works closely with the business across the organization to guide enterprise wide resource allocations, investment choices, drive core operations and develop insights to drive growth and operational excellence across the value chain while innovating for future capabilities. We regulate accounting, uphold workplace safety, manage our supply chain and sampling, support technology, provide commercial operations, insights & analytics, maintain our facilities and assure the integrity and completeness of all business transactions. At Novo Nordisk, you will have the opportunity to build a life-changing career in a global business environment. We encourage our employees to make the most of their talent. And we reward hard work and dedication with the opportunity for continuous learning and personal development. Are you ready to realize your potential?

 

The Position

The position is responsible for:

  • Designing a new short-term forecasting and Gross-to-net process (in collaboration with other Finance functions) that is more:

  •  simple, fast, and built on new technology

  • scalable as new therapies entering our portfolio

  • robust to accommodate future business needs

  • Work with Finance Strategy and Digitalization as well as HQ Finance to build the new data foundation upon which NNI's future forecasting setup will sit

  • Identify and build a new front-end software to sit on top of the new process and data foundation to facilitate Financial Reporting and Scenario Planning

  •  

    Relationships

    Reports to the Director of Financial Planning and Analysis.  During the project, several external project resources will report into this position. Position regularly interacts with senior leadership teams in Finance and Supply Chain, the Gross-to-Net and Short-Term Forecasting Functions, PCOR, CI&A and DDIT.

     

    Essential Functions

    • Designing new Short-Term Forecasting & Gross-to-Net Process:

    • Collaborate with the short- and Gross to Net (GtN) forecasting teams to modernize and define the forecasting methodologies and approaches that will set NNI up for future success

    • Work with external vendors to develop and validate industry best practice approaches/methodologies to ensure they are robust, agile and deliver enhanced insight and value

    • Work with the forecasting areas to ensure the new and relevant perspectives are being integrated such as patient forecasting

  • Build new data foundation for future forecasting setup:

  • Define data requirements needed to facilitate updated approaches/methodologies

  • Work with Finance Strategy and Digitalization to translate requirements into technical specifications and establish PoC for modern data foundation

  • Establish operating model to ensure that the foundation is maintained and adjusted where needed going forward

  • Validate proposed data foundation with external vendors to assess the process to ensure it also reflects best practice, then do a full-scale build of the new data foundation

    • Implement front-end software to execute new forecasting process:

    • Identify and implement a front-end software that will facilitate the forecasting process moving forward, ensuring that the tool has, for instance, the ability to easily generate forecasting scenarios and simulate different market events with ease

    • Collaborate with NNI and Global digital teams to ensure that relevant software are being thoughtfully implemented and integrated in the optimized set-up (such as the Global Order to Cash team in HQ to implement Vistex, an SAP software to modernize our Gross-to-Net accrual calculation process, impact from SAP/4 HANA global rollout)

     

    Physical Requirements

    0-10% overnight travel required.

     

    Qualifications

    • Bachelor’s degree required, Master’s degree is preferred. Advanced degree will be considered in lieu of some relevant experience to meet minimum qualifications required

    • Requires a minimum of 10 years of progressively responsible accounting/financial analysis related experience, with at least 3 years in the pharma industry

    • Strategic thinker with excellent analytical and financial forecasting ability. Ability to work across functions and levels as well as with senior management and communicate effectively to the highest level of executives

    • Strong decision-making skills through demonstrated ability to leverage evidenced-based insights and sound judgement into strategy development, deployment, and optimization    

    • Project management, process development and change management experience a plus

    • Ability to manage competing priorities; strong organizational skills; demonstrated ability to streamline and simplify complex concepts for broader audience

    • Proven cross-functional collaboration skills with ability to influence multiple levels of leadership      

    • Proven track record for strong stakeholder management capabilities

     

    We commit to an inclusive recruitment process and equality of opportunity for all our job applicants.

     

    At Novo Nordisk we recognize that it is no longer good enough to aspire to be the best company in the world. We need to aspire to be the best company for the world and we know that this is only possible with talented employees with diverse perspectives, backgrounds and cultures. We are therefore committed to creating an inclusive culture that celebrates the diversity of our employees, the patients we serve and communities we operate in. Together, we’re life changing.

     

    Novo Nordisk is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, ethnicity, color, religion, sex, gender identity, sexual orientation, national origin, disability, protected veteran status or any other characteristic protected by local, state or federal laws, rules or regulations.

     

    If you are interested in applying to Novo Nordisk and need special assistance or an accommodation to apply, please call us at 1-855-411-5290. This contact is for accommodation requests only and cannot be used to inquire about the status of applications.

    Company

    Novo Nordisk is a leading global healthcare company, founded in 1923 and headquartered in Denmark. Our purpose is to drive change to defeat diabetes and other serious chronic diseases such as obesity and rare blood and endocrine disorders. We do so by pioneering scientific breakthroughs, expanding access to our medicines, and working to prevent and ultimately cure disease. Novo Nordisk employs about 54,400 people in 80 countries and markets its products in around 170 countries. For more information visit novonordisk.com.

    Our US Research & Development hub, located in the Greater Boston area, brings together the best talent to drive life science innovation. Located in Lexington, Watertown and Cambridge, our teams reflect the full scope of R&D, from early research through late-stage clinical development. We are building for the future by creating a distinct R&D community based on collaboration, partnerships, and cutting-edge research across multiple modalities and therapeutic areas. We recognize that improving human health starts here and that patients rely on us. By combining the speed and agility of biotech with the quality, resources, and stability of a large pharmaceutical company, our US R&D hub will benefit from the best of both worlds to develop new medicines that meet the needs of patients.

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    Company info
    Website
    Phone
    617-612-6200
    Location
    75 Hayden Avenue
    Lexington
    MA
    02421
    United States

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