Why Patients Need You
Your in-depth knowledge and financial skills will keep our products in production and our innovators innovating. Whether you are part of establishing, coordinating, researching, or administering financial operations, your role is critical to getting our medicines in the hands of the people who need them most, faster and more efficiently than ever before.
What You Will Achieve
This is a role that requires financial expertise to perform detailed planning and analysis of the income statement. In monitoring of business performance, your findings and recommendations will be presented to the Pfizer management team for decision-making especially to improve forecast accuracy.
As an Associate, your knowledge and skills will contribute towards the goals and objectives of the team. Your focus and ability to meet team targets will help in completing critical deliverables. Your innovative use of communication tools and techniques will facilitate in explaining difficult issues and establishing consensus between teams.
It is your dedication and focus that will make Pfizer ready to achieve new milestones and help patients across the globe.
How You Will Achieve It
Lead the FP&A (Forecast and Budgeting) including preparation of annual budget package; overall (excluding product costing and product-driven variances) budget and quarterly forecast submission, and these includes presentation slides and clear analysis of key budget/forecast movements on Spending.
Coordinate Monthly SMO Reporting (to PGS Corporate Finance) and prepare spending trend charts for the monthly finance deep dive review with SLT.
Perform monthly/quarterly activities including the following:-
- Monthly analysis of non-costing / inventory related P/L variances (Actual vs. Budget and/or Latest Estimate Forecast).
- Prepare post month-end close analysis on statistical recharges and propose adjustments to adjust out from Other Cost of Sales to Operational Spending. Follow up on incorrect or unknown charges.
- Review intercompany Allocation In (GSC Freight Allocation) /Statistical recharges to ensure accuracy.
- Prepare/ submit Profit and Loss Review (MOS) reports on a quarterly basis.
In this Spending lead / finance representative role,
- Business partner to cost centre owners (manager and directors in non-core departments including Site Leadership Team and Admin, EHS; Business Excellence; Site-HR and Finance) addressing ad-hoc queries / detailed Spending analysis;
- Subject Matter Expert for Jedox Planning and Forecast system (Operational Spending)
- Closely monitor other key B/S accruals - Non-two-way match PO accruals (posted by local site finance) and Expatriate costs accruals on Global Mobility relocation costs, and others as needed.
- Lead continuous improvements for Budget; Forecast and Spending eg. Ariba two-way match PO accruals Optimisation (by developing formula and rules) and coordinate with GBS on accurate posting
- Improve the site awareness (financial literacy training) on Budgeting, Spending and Ariba (linked to two-way-match PO accruals) to improve overall Planning efficiency as well as accrual accuracy on operational spending.
In Financial Reporting, for month-end closing, one of the key activities for Spending is to estimate Viatris recharges (excluding secondment fees) under the Tuas tolling model with Viatris; and liaise with Viatris to provide supporting details of charges, where applicable.
Reconciliation of Viatris AP-clearing account: including, but not restricted to
- Roll up quarterly True-up adjustments assessed by Pfizer and invoiced by Viatris to release existing accruals.
- Annual MSA - MUV settlement to adjust out from Spending to utilise existing accruals
Liaison with GBS - AR team on processing of:
- Draft non-product invoicing to Viatris including KSM incremental recharges (storage & insurance); and SOW billings (negotiated by PC1 and agreed with Viatris)
- Draft GIS requests for intercompany non-product billing, where applicable.
Serve as alternate main point of contact for financial audits. Support:
- internal audit (mainly on SAP PC control optimisations assigned on Financial Reporting excluding Quarterly Impairment Review and Outsourced Vendor); and
- external audit on Spending Variance and P&L (Actual vs. OP by total department) commentaries.
Coordinate with GBS - GL team on the completion of annual government surveys to be reconciled with Monthly Manufacturing Activity survey submitted to EDB.
Qualifications
Must-Have
- Minimum 5 years relevant experience in MNC / SAP-accounting environment, with equivalent position held preferred.
- Strong Excel and Powerpoint skills.
- Good record in delivering tight deadlines.
- Meticulous and highly analytical.
- Strong knowledge of GAAP and internal controls.
Nice-to-Have
- Relevant Manufacturing experience preferred.
- Prior experience with System Application & Products Business Intelligence (BI) and Hyperion Planning financial systems
- Interest and experience in financial modeling analysis and reporting
- Good understanding of accounting principles and experience of working as an expert
- Strong communication skills, comfortable working in a fast-paced environment and can multi-task, consistently meeting deadlines on multiple activities
Work Location Assignment: Flexible
Pfizer is an equal opportunity employer and complies with all applicable equal employment opportunity legislation in each jurisdiction in which it operates.
Finance & Accounting
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