Project Finance Associate

Project Finance Associate

Global Finance Operations team

The India based Global Finance Operations team is a shared services organization which plays a pivotal role in managing the Order to Cash (O2C) process for a major part of the global Research & Development Services organization. The team support around 35% of the global project portfolio.

In addition, the team provides quality services related to Global Financial Reporting, Global Systems Support (GPSS) and to a smaller extent related to FP&A, GL, AP and AR

PURPOSE
The primary purpose of the role is to manage the O2C activities for a portfolio of projects

REPORTS TO

Manager - Project Finance

Grade

130

Work Experience

4+ years in any area of finance & accounting for graduates

Education

Graduate or Postgraduate in commerce, economics, accounting, management or allied areas. Education in accounting is mandatory.

RESPONSIBILITIES

• Independently supporting internal stakeholders within IQVIA. Stakeholders include:

• Account management teams

• Project Operations teams represented by the Project Leader

• Project Finance Global Leadership

• Business Finance

• Local Country Finance

• Managing a small team (3-4 people) of project finance personnel

• Governing monthly revenue and backlog accounting for a portfolio of projects. Guiding PFMs towards solutions.

• Analysing monthly project revenue & backlog and identifying/ correcting exceptions

• Highlighting deviations in key project performance metrics – backlog variance, write-offs, over the limit revenue, unbilled amounts,  contribution margin/ realization/ EBITDA

• Providing relevant project level reporting and reconciliations

• Managing ad-hoc tasks

• Achieving subject matter expertise in PFM activity

• Training & coaching colleagues in the team

• Supporting the management team in activities around compliance, quality assurance, process documentation, lean projects and other such operational governance activities

• Working in enterprise ERP (PeopleSoft) on the following:

• Project and activity set up

• Maintaining customer contracts & project budgets

• Maintaining rate sets

• Maintaining revenue plans

• Maintaining billing plans

• Maintaining milestones

• Maintaining other project and contract data

• Maintaining payment schedules

• Maintaining pass through expense forecast

REQUIRED KNOWLEDGE, SKILLS AND ABILITIES

• Ability to establish and maintain effective working relationships with co-workers, managers and other stakeholders

• Ability to work in a multicultural transnational environment

• Ability to adhere to work instructions as provided by the Line Manager

• Good knowledge of statutory and management accounting

• Will need to clear thresholds defined by IQVIA in computer based assessment on Numerical Ability, Logical Ability & English

• Strong communication skills – written and verbal

• Willingness to work in shifts

• Willing to work in a flexible & challenging environment

• Willingness to exhibit strong work ethics, accountability & discipline

• Demonstrated ability to manage people

• Skills for working in advanced MS Excel are desirable

• Skills for working in PeopleSoft PA module are desirable

IQVIA is a leading global provider of clinical research services, commercial insights and healthcare intelligence to the life sciences and healthcare industries. We create intelligent connections to accelerate the development and commercialization of innovative medical treatments to help improve patient outcomes and population health worldwide. Learn more at https://jobs.iqvia.com

IQVIA is committed to integrity in our hiring process and maintains a zero tolerance policy for candidate fraud. All information and credentials submitted in your application must be truthful and complete. Any false statements, misrepresentations, or material omissions during the recruitment process will result in immediate disqualification of your application, or termination of employment if discovered later, in accordance with applicable law. We appreciate your honesty and professionalism.

Experience Level

Mid Level