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Associate Director - Strategic Finance

Employer
Novo Nordisk
Location
Plainsboro, NJ
Start date
Jun 24, 2024

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Discipline
Administration, Finance
Required Education
Bachelors Degree
Position Type
Full time
Hotbed
Best Places to Work

Job Details

About the Department 

The Finance and Operations dept. brings insights and intelligence to inform decision making & drives digitalization and business solutions to attain NNI goals. Finance and Operations works closely 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. Our focus on innovation ensures we're constantly building future capabilities. We're responsible for regulating accounting, upholding workplace safety, managing our supply chain and sampling, supporting technological and data innovation, insights and analytics, delivering patient support solutions, maintaining our facilities and assuring 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 opportunities for continuous learning and personal development. Are you ready to maximize your potential with us?

 

The Position

The Strategic Finance team runs the annual update of the Long-Term Forecast (LTF) for North America Operations (NAO). The process relies on collaboration with cross-functional subject matter experts, high level of market understanding and excellent analytical capabilities to develop and maintain complex forecasting models. This role leads development of financial analysis for internal development options based on a holistic market view including scenario modelling and trade-off analysis to provide strategic recommendations across the Novo Nordisk portfolio. Supports evaluation of external business development opportunities.

 

Relationships

Reports to a Director in Strategic Finance. Internal interactions include stakeholders across the NAO organisation as well as global counterparts to ensure long-term forecast 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

  • Proactively engages with key stakeholders to develop identified financial scenarios and support the development of NNI enterprise and portfolio strategy development impacting investment allocation and profile within therapy areas as well as across NNI
  • Independently drives cross-functional business cases and ad-hoc projects from idea to recommendation
  • Responsible for a minimum of three different Therapeutic Areas
  • Works with longitudinal patient-level data such as IQVIA LAAD to derive business insights to reflect current market trends in long-term forecasts that will drive commercial go-to-market strategy
  • Actively coordinate and align with other forecast process owners to ensure synchronization and consistency with the strategic scenario forecast process where relevant
  • Review forecasting and scenario model outputs and findings for reasonableness and summarize with recommendations for discussion and alignment without oversight before presentation to stakeholder groups
  • Derives financial recommendations independently based on internal and external analyses and investment alternatives
  • Will be part of the Strategic Finance team that has the mandate to actively manage the strategic scenario forecasting at NNI in support of the long-term 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
  • 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 NNIs 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 leadership 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, PCOR, Market Access, Public Affairs and 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
  • Seen as subject matter expert within field and provides sparring and input to colleagues and key stakeholders
  •  

    Physical Requirements

    0-10% overnight travel required.

     

    Qualifications

  • A Bachelor's degree in Accounting, Finance and or relevant field of study is required, advanced degree is preferred
  • A minimum of 6 years of progressively relevant financial planning, strategic planning, merger and acquisition, and/or consultancy experience required
  • Relevant advanced degree may be substituted for up to two years of relevant experience
  • Recognized as a functional expert in Excel and Powerpoint. Extensive experience with complex financial modelling and sales forecasting required
  • Strategy development as well as Business Development experience strongly preferred
  • Understanding of the external marketplace and familiarity in metabolic disease areas preferred
  • Knowledge of longitudinal patient level data. Ability to work with large and complex datasets and derive clear and simple business insights
  • 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
  •  

    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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