Prabhdeep Singh

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Manager - Forecasting & Planning Job

Date: Jun 3, 2019

Location: Plainsboro, NJ, US

Company: Novo Nordisk

About the Department
At Novo Nordisk, our Finance and Operations team works to provide strategic direction to the company, ensuring that everything we do is viable and built to last. Overseeing and safeguarding Novo Nordisk Inc (NNI’s) short and long-term planning, Finance and Operations works closely with teams across the organization to develop strategies and business plans, monitor industry trends and provide operating recommendations. We regulate accounting, uphold workplace safety, manage our supply chain and sampling, support technology, 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
Based on assessment of market trends and expected future events, this individual is responsible for delivering holistic, insight-driven volume forecasts for current and future Novo Nordisk products. Communicates realistic demand expectations in a clear, concise, transparent manner, and to all levels of the organization. Sets direction and drives continuous improvement of forecasting methodologies, tools, and core deliverables. Influences the development of brand strategic and tactical priorities through the planning process and ad-hoc analyses.

Reports to NNI Forecasting Circle of Excellence (COE) lead. Contributing member of the NNI Finance & Supply Chain department. Day to day interaction and collaboration with many areas of the business, including Financial Planning & Analysis (FP&A), Brand Marketing, Market Access, Strategic Pricing, Product Supply, Operations Finance, Global Forecasting & Insights, and multiple teams within Commercial Effectiveness. Ensures alignment with above stakeholders on market trends, forecast assumptions, and how those trends and assumptions translate into future volume-related brand targets and expectations.

Essential Functions
  • Develops, analyzes and effectively works with current and new forecasting tools, models, and approaches that inform the demand outlook for Novo Nordisk brands
  • In collaboration with the rest of the Forecasting team as well as FP&A and Strategic Pricing, develops and communicates the NNI AB (anchor budget) and RE (rolling estimate) forecasts
  • Provides evidence-based, strategic guidance for brand and senior management, especially marketing Vice Presidents (VPs) of diabetes GLP-1 and insulin portfolios
  • Offers insight-driven consultation to all levels of internal stakeholders
  • Works closely with marketing research team, managed market team to provide in-depth analysis, insights, and strategic business recommendations
  • Understands and challenges alternative forecasts, including those developed by Global Insights & Forecasting, or by consulting vendors
  • Partners with new product planning teams on assumptions for pipeline products
  • Develops innovative solutions to complex, unstructured problems
  • Executes delegated ad hoc projects with minimal required coaching, and ensures such projects are completed on schedule, within budget, per direction, and are internally consistent with group deliverable quality. Examples of such ad-hoc projects may include evaluation of product label changes, new competitive threats, impact of marketing mix or sales forces changes, new product launches or discontinuations, etc.

Physical Requirements
0-10% overnight travel required.

  • Bachelor's degree from an accredited institution required. Degree in an analytical field (e.g. economics, business, finance, engineering, econometrics, or statistics) is preferred
  • Master's degree in analytical field (and/or MBA and/or CPA) preferred
  • A minimum of 8 years of relevant analytics, financial, forecasting related experience demonstrating a steady career progression with increasing roles of responsibility. Advanced degree may be substituted for 2 years of related work experience
  • A minimum of 4 years of forecasting/financial planning and/or strategic consulting experience required
  • Pharmaceutical experience is preferred
  • Strong understanding of IQVIA data, including its scope, uses, and limitations
  • Demonstrated analytical skills via MS Excel and presentation/communication skills via MS PowerPoint required
  • Must be able to form an opinion independently and rationalize/explain/justify that opinion in a clear, concise, fact-based manner
  • Understanding of channel- and payer-level profitability preferred
  • Ability to effectively communicate insights to senior management teams, synthesize complex information, make it relevant, understandable and actionable for internal stakeholders
  • Ability to effectively plan, prioritize and follow through in a timely manner as well as anticipate potential roadblocks
  • Persuasive and credible communication and interpersonal skills, demonstrated capability to partner with cross functional colleagues
  • Strong stakeholder management skills and ability to influence senior stakeholders. Manages multiple internal relationships at all levels of the business. Strong interface with senior level management concerning matters of importance to the Company
  • Strong ability to understand and define stakeholder information needs and translate these needs into clear actions
  • Good understanding of existing market and claim data sources preferred; strong ability to condense complicated data into clear, concise messages
  • Strong analytical, problem solving and quantitative analysis skills required
  • Strong collaborative and customer service skills required

Novo Nordisk is an Equal Opportunity Employer /F/Veteran/Disability/Sexual Orientation/Gender Identity.

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.

Requisition ID: 59935BR
State/Provinces: Plainsboro
Job Category: Finance

Nearest Major Market: New Jersey

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