Director, Financial Planning & Analysis

THE POSITION Head of the Financial Planning at NNCI. Responsible for overall budgeting of ex-factory sales and cost, and ensuring that NNCI reaches its financial and strategic goals. Responsible for gross-to-net.   Oversight of NNCI sales and cost. Provide guidance on optimal resource allocation to NNCI President and CFO. In charge of the budgeting and resource allocation process in NNCI. Manage NNCI operating profit. Support Executive Team to realize ET cost target. Oversight of total ex-factory sales forecast and targets for NNCI. Oversight of net-to-gross for NNCI. Responsible for financial reporting of the management P&L to region. Participation in key value creation project across ET areas. In charge of FP&A related Must-Win-Battles for F&O. Member of F&O Leadership Team. Manage the FP&A department according to the Novo Nordisk Way. ESSENTIAL FUNCTIONS Management of the FP&A team 20% Member of F&O Leadership Team Responsible for providing leadership to the team on day-to-day activities Develop the team strategy and overall planning of tasks for the team Responsible for the budget of the FP& A team Responsible for the hiring and termination process of team members and the succession management for the team Responsible for people management of team members related to development plans , performance process including professional training, education and coaching Responsibility for conducting team meetings and arranging one-to-one meetings with team members Management of NNCI budgets and forecasting 35% Oversight of NNCI’s P&L, including ex-factory sales, COGS and TOC Ensure optimal resource allocation in NNCI by working with the executive team and other key stakeholders Coordinate, challenge and manage timely submissions of all budgets (AB and RE) and ensure that sales and cost targets are approved by management and anchored across the business Ensure good quality of the budget submissions and compliance with corporate guidelines Prepare financial presentations for regional review meetings Participation in cross-functional project teams as relevant Document changes during the process and archive documents according to local procedures Proactive collaboration with colleagues in other affiliates to continuously identify best practices and continuous improvement of financial planning processes to ensure a simple and value adding process Management of financial reporting activities 10% Prepare and submit high quality monthly and quarterly financial reporting to management, the region and headquarters covering sales, expenses and operating profit with variance analysis Understand and report relevant performance and market information to management and other stakeholders in a relevant and timely manner as part of management reporting Proactive collaboration with colleagues in other affiliates to continuously identify best practices and continuous improvement of financial management reporting to ensure a profession, timely and proactive submission of relevant and accurate financial information Active participation in cross-functional teams as relevant Monthly Operating Profit update and projection factoring latest sales estimate and expense development Flag any issues at an early stage and suggest corrective actions Sales Operations and GTN 20% Oversight of the gross-to-net for NNCI Support launches of new products and ensure product availability at wholesaler level Responsible for the Sales Terms and Conditions and obtain approval for any changes by the Pricing Committee Proactively interact with the buyers to obtain understanding of in-market sales performance and inventory policies Management of year-end order monitoring and work closely with buyers employed by customers and supply chain to ensure appropriate year-end cut off which may include negotiations of increasing or decreasing orders Management of the accruals of rebates agreed to in provincial Product Listing Agreements and fully understand the terms of the various agreements deals Manage the implementation of price changes including communications to customers and the issuance of credit note following price changes per terms and Conditions Finance Partnering 15% Responsible for all FP&A and Revenue & Trade related must-win-battles Ensure an effective and robust value-adding financial decision-making support services to Line of Business Provide training and assistance to Line of Business when needed to understand financial planning, sales and accounts receivable, purchase and accounts payable, pay roll and financial reporting processes Support Line of Business in expense management activities including investments and projects Contribute a financial perspective to the president, ET team, the Diabetes Business Unit and Biopharm Business Unit and project teams when relevant. Participate in management meetings for the two units Support the month-end closing process for Line of Business and ensure adherence to established internal controls in the process Perform ad-hoc analysis and ad-hoc reporting to management, region and headquarters Other 5% Ad hoc analysis/projects Drive and manage digitalization for FP&A Ensure GFP administrator exists on team, Management of the SAP cost centres hierarchy and List of accounts DEVELOPMENT OF PEOPLE Ensure that reporting personnel have individual development plans (IDP), with annual goals and measurements that are consistent with the priorities of the business, and that interim reviews are held so that their work is focused on those priorities, and they understand their level of accountability for results and the measurement process. Ensure that the IDP forms include completed learning and aspiration plans and are in place for all reporting personnel to enable the achievement of goals and capability to assume increased levels of responsibility. Manage the application and communication of all Novo Nordisk policies, procedures, and Novo Nordisk Way. QUALIFICATIONS Master’s in business administration, finance, business economics and accounting or auditing Preferably Chartered Accountant Proven success and minimum 5 years of experience in finance Experience in presenting to senior management/executives Proven success and experience with numbers, analytical, planning and reporting tasks (mastery in all competencies) Proven success and experience in planning, prioritizing, executing and follow-up in a timely manner and proactively identify and manage risks and issues Strong problem solving and analytical skills (both quantitative and qualitative) Expert in communication of quantitative analysis Proven track record in complex/cross-affiliate project management Understanding of International Financial Reporting Standards (IFRS) and Internal Controls Proven proficiency of SAP, Business warehouse and Excel skills In-depth understanding of Novo Nordisk (or company of similar size) global budgeting process APPLICATION DEADLINE: July 1st, 2024. If you are interested in applying to Novo Nordisk and need special assistance or an accommodation to apply, please email us at 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. Print job Send to e-mail