Principal Finance Business Partner

3 months ago


Bengaluru Karnataka, India Parexel Full time

Bengaluru, Karnataka, India

**Additional Locations** Hyderabad, Telangana, India

**Job ID** R0000027221

**Category** Finance

**ABOUT THIS ROLE**:
**Key Accountabilities**:

- Provide accurate, transparent, and timely financial and non-financial analysis to support project leadership in project and project portfolio decision making process; clearly articulate financial implications of business decisions / choices and provide retrospective analysis as well as drive forward looking actions on complex project / contract types at both project and portfolio level.
- For complex projects and/or contract types, facilitate the monthly revenue cycle, including a review of units, forecast, unit prices, and revenue recognition.
- Ensure appropriate supporting documentation is available and that the forecast is aligned with operational plans.
- Complete all required variance analyses for the set of projects, with insight.
- Take full responsibility for execution of financial processes and interpretation of monthly financial and business analysis for defined projects / portfolio.
- Proactively identify risks in the project forecast and opportunities to improve revenue outlook.
- Communicate, document and manage these on an ongoing message.
- Outline alternative finance scenarios at both project and/or portfolio level with a high degree of technical knowledge, business acumen, best practice approach and mínimal supervision at project and portfolio level.
- Leverage understanding of the business context to synthesize financial and operational data into meaningful business insights that highlight performance, risk, and opportunities at project and portfolio level.
- Take steps to be embedded with project teams in order to understand operational steps, challenges, connections, financial implications.
- On an ongoing basis, consult with PLs and functional leads on financial matters.
- Provide financial expertise and guidance, improving the overall acumen of the project teams. Function as the project controller / CFO.
- Provide updates on financial status for assigned projects and/or client portfolio and synthesizes initial aggregate results related to any client financial reporting needs in the area of project reporting, forecasting, or transactional details for the projects within the portfolio.
- Drive the delivery and quality of client specific deliverables at project or portfolio level.
- As required, complete all revenue control testing, SOX or audit related.
- For complex projects, actively monitor the balance sheet positions of projects within the portfolio.
- Lead action as needed with project teams to keep balances current, improving DSO and cash flow.
- Identify and create new metrics while maintaining a relevant and impactful set of project financial and operational metrics designed to support evaluation of overall project performance consistent with the project and contract types being managed.
- In partnership with PLs and project teams, prepare and conduct a monthly project review of performance, operational status, and outlook.
- The review will focus on revenue forecast, labor and margin, billing status, assumptions, special contract items.
- The review should capture potential improvement opportunities and actions will be taken.
- Drive process and system improvement opportunities by leading in change initiatives at project and/or portfolio level.
- Play a key role in initiating, building, and reviewing change in scope activity on assigned projects.
- Work with the project teams on an appropriate budget for the scope of work.
- Maintain/update complex project and program budgets within relevant tools from post-award onwards including analysis and action on any subsequent changes in scope.
- Review and challenge labor assumptions on assigned projects, both volume and mix.
- Build discipline in our project teams in charging time accurately.
- Challenge project resource planning support, monitor resource levels on ongoing projects and suggest opportunities to positively impact project/portfolio margin implications within projects.
- Put steps in place with project teams to ensure pass-thrus are managed within project budgets, including appropriate to trigger change in scope as needed.
- Mentor and/or train Finance Business Partners, providing peer-to
- peer support related to successful business partnering with the business.

**Communication**
- As Finance Business Partner, build rapport with and understand/address needs of project and portfolio leadership.
- Proactively engage and challenge project and portfolio leadership to achieve financial and business goals; work closely with them to meet financial goals and influence financially sound decision making at project and portfolio level.
- Develop and manage business partner relationships project leadership, project teams and portfolio leadership in order to facilitate proper project and portfolio performance information flow.
- Proactively manages various



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