Manager – FP&A

Job Description

Manager – FP&A (MMD Ops):

Overall Objective

• A reliable Management Accountant (Specialist, Finance processes & Control) to assist senior management in making critical business decisions by analyzing and presenting key financial data. Analyze accounting data, and prepare forecasts, budgets and risk analysis

• An excellent management accountant with exceptional mathematical mind combined with a strong business orientation. Must be able to assume responsibility of cost accounting tasks.

• Play a role of both a strategist and a decision maker with an ultimate goal of contribution to decision-making process of management that will ensure business growth and long-term success, for commercial and manufacturing business matters.

Key Responsibilities

Financial Planning & Analysis –

• Support Operations team on monthly manufacturing review meeting

• Evaluate the site’s performance using key data Provide relevant analysis and commentary on key variances and trends of costs & expenses vs. prior year and forecast Prepare monthly manufacturing sites pack and provide monthly financial KPIs for Production dashboard.

• Provide insight and analysis to support operational decision-making.

• Responsible for budgeting and forecasting process as per our Company’s forecasting calendar. Work closely with Regional Team and Site Team for ensuring all Budget / Forecast deliverables are met as per timelines.

• Help identifying manufacturing efficiencies and optimize the efficiencies.

• Review Capital spend by project and provide analysis between actual data and budget.

• Gather and analyze financial information for internal use. Support any adhoc local / regional requirement for analysis.

Product costing –

• Define and review standard cost in relation with Operations, Procurement and Supply Chain

• Prepare hourly rate for budget and standard costing processes and provide relevant analysis on variances.

• Responsible for setting up annual Transfer Prices with various countries - in co-ordination with Transfer Pricing Team – according to internal guidelines and in alignment to local profitability guidelines.

• Assist with product costings, to drive new business opportunities, as well as forecasting and variance analysis.

• Periodical review of Bill of Materials (BOM) changes impact on standard costing

• Provide relevant information to Global Finance for Site products in scope of CCPs, Margin Evaluations

• Support our Manufacturing Division Site with business case evaluations of new projects / new product costing / site-transfer project evaluations.

Site Financial Controller Functions –

• Prepare and analyze the monthly price and usage variance allocation, including Purchase Price Variances (PPV)

• Responsible for evaluation of Fixed Assets Acquisitions - Business Case preparations, ensuring Approvals as per GOA, support accounting team with relevant information for creating Internal Orders, asset numbers and final capitalization process requirements.

• Support periodical Fixed Asset counts conducted by Finance & Accounting Team - work with Site Operations Team for smooth conduct of count-check, Gap Analysis and ensuring the deviations are supported with requisite approvals for accounting.

• IQV Analysis – Close co-ordination with Site Operations and Procurement for assessing health of Site Inventory – Analyze impact of high inventories on P&L through obsolescence risks, play role in monthly S&OP Meetings to assess inventory risks. Finalize monthly provisions in accordance with Site Management discussions, review and approvals in HARP for monthly close operations.

• Organize periodical inventory counts, work with Finance & Accounting Team and Site Operations Team for smooth conduct of Stock-take, Gap Analysis, Gap Approvals and ensuring the variances are accounted correctly.

• Support on any audit queries on Financial Budgets / Inventory Valuation area / Standard Cost exercise.

• Support internal teams for preparing periodical MIS.

• Providing data to support management’s decision-making function

Key Relationships:

Internal

• Site Production & Supply-Chain

• Site General Management

• Global Supply Chain and Procurement Teams

• Internal Auditors

• Regional our Manufacturing Division Finance

• Regional our Manufacturing Division Management Team

• Business Support Center

External

• Statutory Auditors

Person Specifications:

Education

• Chartered Accountant / Cost Management Accountant

Certification

• CA / CMA (Associate / Fellow)

Experience

• 7-8 years in Cost Management Accounting.

• Solid knowledge of basic and advanced accounting and financial principles and practices

• Excellent knowledge or risk analysis, budgeting and forecasting

• Experience in Product Costing, Capital Projects Evaluation.

• Experience of working with Site Leadership and Site Operations Team supporting operational needs to Production Sites.

• Good Microsoft Excel, Data Management Skills

• Experience in SAP FICO & Production modules

Critical Competencies

Role Specific

• Good analytical skills

• Continuous Improvement mindset

• Multi-tasking skills,

• Time-commitment driven,

Behavioural

• Good inter-personal communication skills,

• Analytical mind.

• A problem-solver with attention to detail - Customer focus

• Able to challenge status quo,

• Able to put forward, address challenging situations, at times challenge stakeholders.

• Process Management / Improvisation.

Who we are …

We are known as Merck & Co., Inc., Rahway, New Jersey, USA in the United States and Canada and MSD everywhere else. For more than a century, we have been inventing for life, bringing forward medicines and vaccines for many of the world's most challenging diseases. Today, our company continues to be at the forefront of research to deliver innovative health solutions and advance the prevention and treatment of diseases that threaten people and animals around the world.

What we look for …

Imagine getting up in the morning for a job as important as helping to save and improve lives around the world. Here, you have that opportunity. You can put your empathy, creativity, digital mastery, or scientific genius to work in collaboration with a diverse group of colleagues who pursue and bring hope to countless people who are battling some of the most challenging diseases of our time. Our team is constantly evolving, so if you are among the intellectually curious, join us—and start making your impact today.

We are proud to be a company that embraces the value of bringing diverse, talented, and committed people together. The fastest way to breakthrough innovation is when diverse ideas come together in an inclusive environment. We encourage our colleagues to respectfully challenge one another’s thinking and approach problems collectively. We are an equal opportunity employer, committed to fostering an inclusive and diverse workplace.

Current Employees apply HERE

Current Contingent Workers apply HERE

Search Firm Representatives Please Read Carefully 
Merck & Co., Inc., Rahway, NJ, USA, also known as Merck Sharp & Dohme LLC, Rahway, NJ, USA, does not accept unsolicited assistance from search firms for employment opportunities. All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for this position will be deemed the sole property of our company.  No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre-existing agreement is in place. Where agency agreements are in place, introductions are position specific. Please, no phone calls or emails. 

Employee Status:

Relocation:

VISA Sponsorship:

Travel Requirements:

Flexible Work Arrangements:

Shift:

Valid Driving License:

Hazardous Material(s):

Job Posting End Date:

*A job posting is effective until 11:59:59PM on the day BEFORE the listed job posting end date. Please ensure you apply to a job posting no later than the day BEFORE the job posting end date.

Job Posting End Date:06/18/2024

A job posting is effective until 11:59:59PM on the day BEFORE the listed job posting end date. Please ensure you apply to a job posting no later than the day BEFORE the job posting end date.

Requisition ID:R296690