At West, we’re a dedicated team that is connected by a purpose to improve patient lives that has been at the center of our Company for more than a century. Our story began when Herman O. West solved the problem of supplying penicillin in mass quantities to the US Government during World War 2. Through our work to deliver thousands of life-saving and life-enhancing injectable medicines to millions of patients daily, West’s indelible mark on the healthcare industry has just begun. A name started our story. How will yours help write our future?
There’s no better place to join an inclusive community of professionals with opportunities for lifelong learning, growth and development. Supported by benefit programs, we empower the physical, mental, emotional and financial health of our team members and their families.
We believe in giving back to help those in need in the communities where we live and work. And are equally committed to creating a healthier environment and planet through our sustainability efforts.
Job Summary
The Senior Associate Financial Planning and Analysis (FPandA) supports the reporting and evaluation of financial results at the assigned manufacturing site(s) as well as assisting with providing inputs and commentary into the Company's forecasting and budgeting cycles. This position directly supports the FPandA team with analysis and interpretation of the actual and forecasted financial performance of the manufacturing operation. This position also works directly with Global Financial Services Accounting functions on adjusting entries as part of the month-end close procedure and annual standard costing cycles, as well as with the local site operations team to relay data and insights relevant to manufacturing and supply chain.Essential Duties and Responsibilities
- Preparation of monthly, quarterly and annual financial reporting against budget/forecast for manufacturing plants
- Monitor manufacturing variance accounts and actively drive required adjustments on the standard cost and item set up corrections with the Cost and Inventory Accounting team.
- Provide monthly analysis for all headcount costs by business unit vs budget and forecast.
- Challenge Business Leads to drive performance through overhead monitoring v budget and cost reduction/lean initiatives, including monthly meeting with overhead budget owners to monitor and manage actuals vs forecast costs.
- Prepare PPV reconciliations for monthly accruals for customer reconciliations.
- Consolidation and transfer of forecast loads to site financial system used in the reporting and forecasting process.
- Participation in the monthly SandOP process to create a production and absorption forecast
- Creation of working capital analysis, work with plants and global supply chain to analyze and forecast inventory and understand its impact on working capital targets.
- Preparation of business cases for investments as well as ensuring proper financial planning and control of CAPEX-projects
- Lead/Participate in global/regional FPandA initiatives and other special projects/duties assigned, as necessary.
- Interdepartmental cooperation, especially with Operations, Supply Chain, Lean and Quality
- Securing the financial validation of productivity projects
- Assist the Shared Services team on Billing, Accounts Payable or other general ledger.
- Support for permanent conformity with Sarbanes-Oxley 404
- Cross-departmental collaboration, including Operations, Supply Chain, Lean, Quality, Controllership, Cost and Inventory Accounting, Accounts Payable , Treasury, Tax, and others, as necessary, ensuring accuracy and consistency of General Ledger mappings and transactional postings.
- Support the Shared Service Center on an ad hoc basis with questions in the areas of billing, AP or GL
- Participation in the Tier3 meetings of the plants
- Representation of the local Manager, FPandA Operations
Education
- Bachelor's Degree Accounting or Finance required
Work Experience
- Minimum 5 years experience in the field of Finance and Controlling
Preferred Knowledge, Skills and Abilities
- Very good knowledge of MS Excel, SAP and BI Tools
- Manufacturing ERP experience and cost accounting principles
- Exceptional financial acumen including strong analytical, financial modeling, budgeting and forecasting skills
- Ability to work with complex data and to identify key problems
- Very good analytical skills as well as communication and presentation skills
- Strong internal customer service focus and good interpersonal skills and the ability to present concepts and results in a concise manner
- Proactive approach and solution-oriented thinking and acting
Physical Requirements
Sedentary-Exerting up to 10lbs/4kgs of force occasionally, and/or negligible amount of force frequently or constantly to lift, carry, push, pull, or otherwise move objects, including the human body. Sedentary work involves sitting most of the time.
West is an equal opportunity employer and we value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sex, gender identity, sexual orientation, age, marital status, veteran status, or disability status. If you have a special need that requires accommodation in order to apply to West, please send an email to Apply.Accommodation@westpharma.com. Where permitted by law, an offer of employment with West Pharmaceutical Services, or any of its subsidiary or affiliate companies, is contingent upon the satisfactory completion of background screening and/or a pre-employment drug screening.