Prabhdeep Singh

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Manager - Strategic Finance Job

Date: Aug 9, 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.’s (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
Responsible for the initial implementation and ongoing execution of a new NNI strategic scenario forecasting process. Responsible to collect, coordinate, and align specific scenario assumptions and inputs with stakeholder groups for use in the NNI scenario forecast model. Will act as the central owner, operator, and gatekeeper of the NNI scenario forecast model to ensure the integrity of model data and outputs. Will identify and summarize model findings and recommendations for discussion and alignment with the Senior Director of strategic finance before presentation to relevant stakeholder groups. Will play an active role in ensuring the synchronization, coordination, and ongoing alignment of the NNI strategic forecast process with other relevant forecast processes as appropriate.

Reports to the Senior Director of Strategic Finance. Internal interactions include NNI Enterprise strategy team, line of business stakeholders, NNI Leadership Team (LT) functional leads, NN Insights & Forecasting, Corporate Financial Planning, Business Development and other HQ counterparts to ensure strategic scenario forecasting coordination across Novo Nordisk. External relationships may include interactions with various subject matter experts and vendors based on the needs of special projects or implementation of new programs.

Essential Functions
  • Actively engage with key stakeholders to develop identified financial scenarios and to assist the Senior Director (SD) of strategic finance with the development of NNI enterprise and portfolio strategy development
  • Actively coordinate and align with other forecast process owners to ensure synchronization and consistency with the strategic scenario forecast process where relevant
  • Maintain and operate the NNI scenario forecast model tool. Perform periodic data updates and review same for ongoing integrity
  • Review initial model output and findings for reasonableness and summarize with recommendations for discussion and alignment with the senior director of strategic finance before presentation to stakeholder groups
  • Assist the senior director of strategic finance in the development of financial recommendations based on internal and external analyses and investment alternatives
  • Will be part of the Strategic Scenario Forecasting team that has the mandate to;
  • Actively manage the strategic scenario forecasting at NNI in support of the 3-5 year business strategy for Novo Nordisk Inc. to ensure evidence based foundation for strategic direction for NNI and the Business Units
  • Establish and continuously adapt NNIs strategic forecasting process to guide and coordinate various levels of cross-organizational input to strategic forecasts in guidance of strategy development, business development and ad hoc scenarios
  • Identify, prioritize and review key strategic financial scenarios with the aim of communicating and challenging priority on the key drivers
  • Maintains an enterprise lens to ensure enterprise-wide initiatives, scenarios, risks, and opportunities are reflected in the financial scenarios
  • Ensures alignment of BU and Functional (Diabetes Sales, Market Access, and Medical) processes to NNI’s scenario forecasting process in order to drive simplicity, accuracy, and efficiency relative to pursuing common goals
  • Partners with BUs to facilitate development of relevant financial scenarios for business unit and portfolio strategy development
  • Develops recommendations to business unit heads as well as senior management based on financial analyses of strategic questions/options and provide evidenced-based recommendations
  • Conducts trade-off analyses to inform investment decisions
  • Partners with Enterprise Strategy, Commercial Insights and Analytics, Patient Centered Outcomes Research (PCOR), Market Access, Public Affairs and Customer Relationship Management (CMR) as well as and BU leaders to drive and align strategic scenario forecasting inputs and outputs
  • Serves as liaison and strong collaborator with NNI and Global stakeholders

Physical Requirements
0-10% overnight travel required.

  • A Bachelors degree is required
  • An MBA degree or equivalent is required; Solid, relevant experience may be substituted for the Master's degree, when appropriate
  • A minimum of 8 years of progressively relevant financial planning, strategic planning, merger and acquisition, consultancy experience required; pharmaceutical or CPG industries strongly preferred
  • Functional expert in Excel and Powerpoint. Hands-on experience with financial modelling and/or sales forecasting strongly preferred
  • Strategy development as well as Business Development experience strongly preferred
  • Understanding of the external marketplace and familiarity in metabolic disease areas preferred
  • Strategic thinker with excellent analytical and financial forecasting ability. Ability to collaborate across all functions and levels
  • Strong decision-making skills through demonstrated ability to leverage evidenced-based insights and sound judgement into strategy development, deployment and optimization
  • Must possess the ability to develop simple and clear communications and to present same to all levels of stakeholders
  • 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
Novo Nordisk is an Equal Opportunity Employer - M/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: 59687BR
State/Provinces: Plainsboro
Job Category: Finance

Nearest Major Market: New Jersey

Job Segment: Financial, Medical, Special Medicine, Manager, Finance, Healthcare, Management, Strategy