Senior Financial Analyst

Veranova is a global leader in the development and manufacturing of complex active pharmaceutical ingredients (APIs) for pharma and biotech customers. With deep technical expertise and impressive flexibility, we develop solutions and processes that support and accelerate innovation.

Job Summary

The Senior Financial Analyst plays a critical role in managing and analyzing Revenue, Cost of Sales, and Inventory related transactions. This individual will make significant contribution to the financial success and integrity of the organization. The ideal candidate must have a strong background in finance and will be responsible for analyzing complex transactions, as well as identifying trends, risks, and opportunities. Having prior experience with ensuring accurate revenue recognition, adherence to accounting standards and regulations, and providing financial insights to support business decisions is critical. In this highly collaborative role, the Senior Financial Analyst will work closely with various departments such as business development, site operations, and site leadership.

Key Responsibilities / Accountabilities

• Analyze financial results and variances, provide insightful commentary, and generate content for monthly and quarterly deliverables and operational reviews.
• Partner with Finance Director and site leadership team to understand operational drivers and ensure execution of financial commitments; includes identifying and communicating risks, opportunities, and actions for mitigation.
• Work with leadership to enhance forecasting processes through increased visibility into financial metrics and performance and develop clear, actionable reporting for operations teams.
• Operate as main point of contact for ad-hoc and project-based support as needed for operations and finance requests.

Revenue Recognition & Analysis:

• Ensure accurate and timely recognition of revenue in accordance with the company's policies and current accounting standards and regulations (e.g., ASC 606 for US GAAP).
• Review and analyze customer contracts to understand revenue recognition implications, ensuring proper treatment of revenue and compliance with the company's guidelines.
• Identify continuous improvement process improvements to enhance efficiency and accuracy of revenue recognition processes.
• Analyze monthly results and identify discrepancies or variations in actuals compared to forecast and investigate the underlying causes.

• Reconcile billing records with revenue recognition schedules and financial statements, investigating and resolving discrepancies between billed and recognized revenue, deferred billing, and unbilled revenue accounts and sub-ledgers to ensure accuracy.
• Collaborate with cross-functional teams such as business development and operations to ensure alignment on contract terms, pricing, and revenue recognition matters.
• Work closely with program management in the EAC development process; monitor performance against agreed upon budgets and milestones.
• Assist with the review of business opportunities, contracts, and non-standard transactions to provide appropriate accounting guidance and propose solutions within Company’s revenue recognition policy.

Inventory/Cost of Goods Sold Analysis:

• Work directly with the site Finance Director in product costing methodologies, including establishment and monitoring of standard costs.
• Understand and analyze COGs and inventory to ensure cost are properly set and can provide key stakeholders on performance of cost and inventory levels.
• Assist with COGS forecasting, standard costing, and variance analysis for manufacturing spend and inventory.
• Monitor, evaluate, and analyze cost-saving endeavors against projected outcomes.
• Act as primary finance liaison in physical inventory counts, review monthly cycle count results, and investigate variances as needed.
• Perform month-end close activities including reconciling of inventory and related liabilities, processing journal entries, balance sheet reconciliations, audit schedules, etc.
• In conjunction with the monthly financial close, ensure that inventories are properly valued and appropriately reserved under US GAAP, liabilities related to inventory purchases are properly stated, gross margins are accurate and any significant variances between budgeted and actual margins are investigated and explained to management.
• Partner with Supply Chain to forecast monthly inventory goals.
• Collaborate on specialized financial projects as necessary.

• Deliver comprehensive and detailed variance explanations in month-end close reporting to support the Finance Director and General Manager during monthly operation reviews with executive leadership.
• Develop and maintain revenue models and reports to track and summarize revenue trends, including ad-hoc reports for management and executive leadership.
• Prepare monthly forecasts, causals, and Risks and Opportunities using historical data, current YTD actuals, and information from various teams to prepare the site Finance Director and General Manager for monthly operating review meetings.
• Communicate Monthly and YTD financial results versus forecasts through presentations and meetings to ensure the operational teams are taking necessary actions to achieve the organization's profitability goals.

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field is required; CPA certification is a plus.
• Must have a minimum of 5 years of proven experience in accounting, finance, or related roles, with a focus on forecasting, budgeting and analysis; revenue recognition experience (e.g. ASC 606).
• Ability to demonstrate a deep understanding of complex accounting principles and handle more advanced tasks and responsibilities within a role is crucial.
• Must have experience working with ERP systems.
• Excellent analytical and problem-solving skills with attention to detail are necessary in order to be successful in this role
• Strong multi-tasking skills and the ability to work collaboratively to meet deadlines in a fast-paced environment.
• Experience working in a collaborative environment, exceptional communication, and interpersonal skills are needed.
• Ability to summarize, package, and present information to all levels of management is essential.
• Proven experience being able to interpret data, identify and communicate potential opportunities and risks is necessary.
• Effective communication and ability to influence others is crucial to get results and develop solutions.
• Continuous improvement attitude and strong work ethic is needed to contribute to the success of the site.
• Candidate must possess a demonstrated analytical ability with sound problem-solving skills.
• Strong PC skills including advanced proficiency with Excel, Word and PowerPoint are required.
• Experience with Microsoft D365 and Power BI are a plus.
  

Additional Information

All your information will be kept confidential according to EEO guidelines.

Veranova is an Equal Opportunity Employer. It is the policy of Veranova to provide equal employment access and opportunity to all persons regardless of age, race, color, national origin, religion, sex, sexual orientation, gender identity and/or expression, physical or mental disability, genetic information, citizenship, marital status, veteran status, or any other characteristic protected by federal, state, or local law.

All applications are carefully considered, and your details will be stored on our secure Application Management System. This is used throughout Veranova for the selection of suitable candidates for our vacancies as they arise. Veranova respects your privacy and is committed to protecting your personal information. For more information about how your personal data is used please view our privacy notice.