PAREXEL International (India) Pvt Ltd Recruitemet 2014 August For Project Finance Support Specialist
Designation:
Project Finance Support Specialist
Job Description:
PAREXEL International Corporation is a leading global bio/pharmaceutical services organization, providing a broad range of knowledge-based contract research, consulting, and medical communications services to the worldwide pharmaceutical, biotechnology and medical device industries. Committed to providing solutions that expedite time-to-market and peak-market penetration, PAREXEL has developed significant expertise across the development and commercialization continuum, from drug development and regulatory consulting to clinical pharmacology, clinical trials management, medical education and reimbursement. Perceptive Informatics, Inc., a subsidiary of PAREXEL, provides advanced technology solutions, including medical imaging, to facilitate the clinical development process. Headquartered near Boston, Massachusetts, PAREXEL operates in approximately 70 locations throughout over 50 countries around the world, and has more than 13,000 employees.
At PAREXEL, we have a passion for making a profound difference. As an expertise-based business, the caliber of our people and their dedication directly impacts our success, the success of our clients, and the ability to make a difference in the lives of patients worldwide. You'll be surrounded by supportive leadership and a brilliant team who share a common goal - to improve the lives of millions of patients.
Desired Profile:
PAREXEL International Corporation is a leading global bio/pharmaceutical services organization, providing a broad range of knowledge-based contract research, consulting, and medical communications services to the worldwide pharmaceutical, biotechnology and medical device industries. Committed to providing solutions that expedite time-to-market and peak-market penetration, PAREXEL has developed significant expertise across the development and commercialization continuum, from drug development and regulatory consulting to clinical pharmacology, clinical trials management, medical education and reimbursement. PAREXEL Informatics, Inc., a subsidiary of PAREXEL, provides advanced technology solutions, including medical imaging, to facilitate the clinical development process. Headquartered near Boston, Massachusetts, PAREXEL operates in approximately 70 locations throughout over 50 countries around the world, and has more than 13,000 employees.
At PAREXEL, we have a passion for making a profound difference. As an expertise-based business, the caliber of our people and their dedication directly impacts our success, the success of our clients, and the ability to make a difference in the lives of patients worldwide. You'll be surrounded by supportive leadership and a brilliant team who share a common goal - to improve the lives of millions of patients.
Working under the direction of the Manager, Project Financial Management the Project Finance Support Specialist creates and updates external client projects within the financial systems utilizing study information obtained from various sources, including awarded proposals. Additional responsibilities include technical support of project expenditures review and invoice drafting per contracted billing milestones and/or unit payment schedules.
Key Accountabilities - Project Creation
Coordinate with Business Development, Project Financial Analysts and Project Leaders to ensure new awards are properly setup in all financial systems.
Populate project setup interface tools for review by Project Financial Analyst, based on provided pricing tools and contract documentation
In coordination with Business Operations staff and Project Financial Analysts, update project data for project team changes, changes in scope (CIS) and contract signature.
Responsible for the accurate loading of the project setup interface tool to the financial system, as well as load of the pricing tool to specific financial system(s) as appropriate.
Ensure that structure for recording of employee time is properly loaded for each new project.
Review signed contract to ensure accurate billing milestones are included in project setup.
Maintain/update project budgets within relevant tools from post-award onwards including any subsequent changes in scope based on review of contract documentation.
Provide technical support for project close outs.
Establish timesheet reporting capabilities for subcontractors as required
Key Accountabilities - Expenditures/Billing
Upon project setup in financial systems, review project profile to ensure accuracy of header information.
At contract signature, reconcile billing milestones with total contract budget and work with Project Financial Analyst as needed to correct inconsistencies.
Review billing milestones upon each budget change to ensure data accuracy and consistency.
Prepare reports of project expenditure items for review by Project Financial Analyst, Project Leader, and others as needed, in preparation for billing on a regular basis.
Create billing events in accordance with contracted milestones or units and per discussion with Project Leader and Project Financial Analyst.
Provide financial tracking and maintenance support to Project Financial Analysts.
Coordinate approval and issuance of invoices through AR Shared Service center.
Provide technical support to Project Financial Analysts to conduct analysis of deferred and unbilled balances on studies.
Perform detailed analyses on project expenditures, as requested by Project Leaders or Project Financial Analysts, by investigating source systems.
Work with Project Financial Analysts to resolve issues with project setups, invoicing errors, etc.
Direct and follow up on AP reclasses and investigate additional information required based on client queries.
Serve as the primary point of contact for ad-hoc queries and reporting to the business; resolve and respond to all queries in a timely manner.
Reconcile and provide billing information to Business Operations upon study closure to ensure accuracy of project close out.
Monitor billing progress against budget and coordinate with Business Operations on changes in scope.
Process timesheets for subcontractors, including validation of invoices against timesheet and contract, and accrual of delayed invoices
Skills:
Excellent interpersonal, verbal and written communication skills
Demonstrated attention to detail
Proficient in the English language
Well-experienced with Microsoft suite of products
Advanced level skills in Excel
Knowledge of Business Objects, and Oracle Financials highly desirable
Strong analytical and problem-solving skills
Demonstrated initiative and ability to organize, meet strict deadlines, and work both independently and as part of a team
Education:
Bachelor's degree preferably with a numerate element (Finance, Accounting, or Business or preferred) or equivalent experience.
Minimum Work Experience:
Proven relevant experience in an analytical role within a publicly-traded company preferable
Knowledge of clinical trials and/or industry experience preferable
Experience: 1 - 5 Years
Industry Type Pharma / Biotech / Clinical Research
Role: Analyst
Functional Area: Financial Services, Banking, Investments, Insurance
Education: UG - Any Graduate - Any Specialization
PG - Any Postgraduate - Any Specialization
DOCTORATE - Any Doctorate - Any Specialization, Doctorate Not Required
Location: Hyderabad / Secunderabad
Keywords: Finance, Project Finance Support Specialist
Contact: Mahan Prasad
PAREXEL International (India) Pvt Ltd
