Finance Senior Business Partner

Finance Senior Business Partner

Location: Warsaw

Hybrid Model: 3 days per week from office

At AstraZeneca, we put patients first and strive to meet their unmet needs worldwide. Working here means being entrepreneurial, thinking big and working together to make the impossible a reality. If you are swift to action, confident to lead, willing to collaborate, and curious about what science can do, then you’re our kind of person.

To support AstraZeneca's collaborations and deals with third parties in developing and commercializing products by providing relevant financial guidance related to the agreements and their accounting treatment, and ensuring that all stakeholders involved receive the necessary financial information.  You will need to understand the details of the contracts, how the clinical trial or commercialisation activity is financed, understand both the AZ & third-party activities & also ensure that milestone payments, clinical trial costs etc are paid / received in line with the contract.  This may involve various financial analyses,  maintaining SOX and FCF controls,  close cooperation with post-deal finance business partners  and third parties, as well as support for the annual business update cycle and monthly reporting related to third-party collaborations.

Responsibilities:

Third Party Contract Support

Provide support with all aspects of third-party contract including:

• Assist in understanding and analysing the financial clauses in third-party contracts, including cost-sharing arrangements, milestone payments, invoicing schedules, and profit-sharing agreements.
• Cooperate with the third party to understand their forecast activity & reflecting this in AZ systems/other documents
• Ensure sure contract specific clauses are included in budgets e.g. agreed FTE rates 

Finance partnering, calculations and Analysis:

• Provide cost and profit share analysis and settlement files
• Prepare calculations of AZ external and internal costs for monthly accrual preparation and invoice raising
• Provide monthly variance analysis and comments
• Prepare Alliance forecast calculations if applicable for a deal.
• Partnering and communication to business stakeholders whenever finance input is required
• Maintaining a good understanding of significant developments within portfolio
• Contribute to continuous improvement and standardisation initiatives and best practice sharing within the team

Reporting and Documentation:

• Create process notes for new agreements
• Review and update existing process notes at least once per quarter
• Prepare standard reports for stakeholders
• Prepare ad-hoc reports and provide support when needed
• Maintain detailed records and documentation related to third-party contracts, including correspondence, amendments, and settlements reports, to facilitate audits and ensure transparency

Accounting activities

• Journals posting with relevant backup preparation
• Payment processing (including milestones) and invoice raising
• Intangible Fixed Assets creation

Compliance and control

• Conduct balance sheet reconciliations & other financial controls  including SOX controls
• Support and participate in Partner's audits

Measures

• Timely and accurate processing of invoices/payments/accruals/reporting
• Quality of monthly  variance analysis commentaries
• High forecast accuracy (actuals vs landing within 2% controlled on supported functions)
• Feedback from stakeholders

Education, Qualifications, Skills and Experience

Essential:

• Experience in accounting &/or controlling activities including:
  • month-end close
  • reconciliations & variance analysis
  • financial controls & SOX controls
• Well developed communication & interpersonal skills, including oral & written English
• Advanced Excel skills
• Ability to use financial systems including SAP & Business Objects (or similar)

Desirable:

• Experience of working in a global organisation, preferably within the pharmaceuticals industry, and of the drug development life cycle and commercial aspects of the industry
• Experience of working within a multi-disciplinary team and liaising with senior managers
• Fully or partially qualified finance professional (e.g., CIMA, ACCA, or equivalent)

What we offer:

Welcome to Warsaw Site, one of over 400 sites here at AstraZeneca, providing a collaborative environment where everyone feels comfortable and able to be themselves is at the core of AstraZeneca’s priorities, it’s important to us that you bring your full self to work every day.

To help you maintain your best self, here’s a sneak peek into some of the things this site provides for you:

• The best team to support you,
• Multisport card,
• Pension plan,
• Life insurance,
• after-work events,
• private medical care
• lunch card,
• bright and spacious environment,
• sustainable office working environment.

Please note that we are working in a hybrid model of 3 days per week from the office in Warsaw

Date Posted

Closing Date

AstraZeneca embraces diversity and equality of opportunity.  We are committed to building an inclusive and diverse team representing all backgrounds, with as wide a range of perspectives as possible, and harnessing industry-leading skills.  We believe that the more inclusive we are, the better our work will be.  We welcome and consider applications to join our team from all qualified candidates, regardless of their characteristics.  We comply with all applicable laws and regulations on non-discrimination in employment (and recruitment), as well as work authorization and employment eligibility verification requirements.