Director, Budgets and Forecasting

Teva; Castleford; On-site; GBP 120,000 - 180,000; Full time

Benefits offered by this job

Healthcare insurance

Competitive remuneration

Job summary

Teva is seeking a Director of Budgets and Forecasting to oversee clinical trial budgets and forecasts across GCO and EPIX. Translate operational plans into financial projections, support budget development and change control, and drive forecast accuracy through cadence-based reviews.

You will partner with study teams, manage budget versions, and deliver executive-level insights to guide strategic decisions. Strong collaboration and process-standardization skills are essential.

Qualifications

• University degree is required.
• Experience supporting clinical development portfolios and/or clinical trial finance (e.g., study budgets, vendor/CRO spend, accruals).
• Proficiency with budgeting/forecasting and reporting tools (e.g., planning systems, ERP, and advanced Excel); experience with dashboarding/BI tools a plus.
• Experience driving standardization of financial processes across multiple teams/functions and delivering measurable improvements in forecast accuracy and cycle time.
• Prior experience leading through influence (without direct reports) and mentoring others on budgeting/forecasting best practices.
• Influence & Stakeholder Engagement: Builds alignment and drives adoption of process changes without direct authority.
• Execution & Accountability: Takes ownership of deliverables and ensures high-quality outputs.
• Stakeholder Management: Collaborates with global functions, study teams, vendors, and QA.
• Communication & Facilitation: Communicates SOP updates, delivers training, and creates guidance materials.
• Cross-Functional Collaboration: Develops readiness plans, training, and reinforcement strategies.
• Prioritization & Adaptability: Manages multiple priorities and adjusts plans as needed.
• Quality & Compliance Focus: Maintains accuracy and supports compliant execution.
• Continuous Improvement & Learning Agility: Quickly learns and refines approaches.

Responsibilities

• Establish and continuously improve standardized budgeting and forecasting processes, templates, and methodologies.
• Manage budget governance, approvals, change control, and audit-ready documentation.
• Partner with study teams to develop comprehensive study budgets based on protocols, plans, resources, and vendor costs.
• Oversee budget versions, validate assumptions, and manage approvals throughout the study lifecycle.
• Assess financial impacts of study changes and maintain up-to-date financial plans.
• Lead regular forecasting cycles across the portfolio.
• Analyze budget versus actual performance, identify variance drivers, and recommend corrective actions.
• Deliver executive-level financial insights to support strategic decisions.
• Maintain dashboards and reporting tools tracking budget health and trends.
• Coach study teams on financial planning best practices and documentation requirements.

Skills

Clinical trial finance

Budgeting/forecasting

Dashboard/BI tools

Cross-functional collaboration

Stakeholder engagement

Education

University degree

Tools

Planning systems

ERP

Excel

BI tools

Job description

We Are Teva

We’re Teva, a leading innovative biopharmaceutical company, enabled by a world-class generics business. Whether it’s innovating in the fields of neuroscience and immunology or delivering high-quality medicine worldwide, we’re dedicated to addressing patients’ needs now and in the future. Here, you will be part of a high-performing, inclusive culture that values fresh thinking and collaboration. You'll have the room to grow, the flexibility to balance life with work, and the opportunity to better health worldwide, together.

About the position

The Director, Budgets and Forecasting provides enterprise oversight of clinical trial budgets and forecasts across GCO and EPIX, establishing standardized budgeting methodologies, assumptions, and governance to ensure consistent, decision-grade financial plans. Serving as the primary intermediary between study teams and Finance counterparts, this role translates operational plans into financial projections, supports budget development and change control, and drives forecast accuracy through cadence-based reviews, variance analyses, and proactive risk/issue escalation.

How You’ll Spend Your Day

Budget Governance & Controls

• Establish and continuously improve standardized budgeting and forecasting processes, templates, and methodologies.
• Manage budget governance, approvals, change control, and audit-ready documentation.
• Ensure compliance with Finance policies, planning timelines, and internal controls while proactively identifying risks and process gaps.

Study Budget Development & Management

• Partner with study teams to develop comprehensive study budgets based on protocols, operational plans, resource needs, and vendor costs.
• Oversee budget versions, validate assumptions, and manage approvals throughout the study lifecycle.
• Assess financial impacts of study changes and maintain up-to-date financial plans.

Forecasting & Financial Analysis

• Lead regular forecasting cycles across the portfolio.
• Analyze budget versus actual performance, identify variance drivers, and recommend corrective actions.
• Deliver executive-level financial insights, highlighting risks, opportunities, and key financial implications to support strategic decisions.

Stakeholder Collaboration

• Serve as the primary liaison between study teams and Finance.
• Align stakeholders on budget and forecast decisions, resolve cross-functional issues, and ensure effective communication.
• Coach study teams on financial planning best practices, cost drivers, and documentation requirements.

Reporting & Continuous Improvement

• Maintain dashboards and reporting tools that track budget health, forecasting accuracy, and performance trends.
• Own and ensure the quality of Auxilius financial data and reporting inputs.
• Drive process improvements, standardization, data quality enhancements, and system optimizations.
• Support compliance, audits, and inspection readiness through robust financial documentation and controls.

Your experience and qualifications

• University degree is required
• Experience supporting clinical development portfolios and/or clinical trial finance (e.g., study budgets, vendor/CRO spend, accruals)
• Proficiency with budgeting/forecasting and reporting tools (e.g., planning systems, ERP, and advanced Excel); experience with dashboarding/BI tools a plus
• Experience driving standardization of financial processes across multiple teams/functions and delivering measurable improvements in forecast accuracy and cycle time
• Prior experience leading through influence (without direct reports), facilitating decision forums, and mentoring others on budgeting/forecasting best practices
• Influence & Stakeholder Engagement: Builds alignment and drives adoption of process changes across teams without direct authority by leveraging credibility, collaboration, and effective facilitation.
• Execution & Accountability: Takes ownership of deliverables, ensures high-quality outputs, meets deadlines, and maintains compliance standards.
• Stakeholder Management: Collaborates effectively with global functions, study teams, vendors, and QA stakeholders to understand needs, manage expectations, and address resistance.
• Communication & Facilitation: Clearly communicates complex SOP and process updates, delivers training, facilitates workshops, and creates practical guidance materials for diverse audiences.
• Cross-Functional Collaboration: Works across organizations to develop readiness plans, training, and reinforcement strategies while balancing local needs with global consistency.
• Prioritization & Adaptability: Manages multiple priorities, responds quickly to emerging risks, and adjusts plans to ensure successful implementation.
• Quality & Compliance Focus: Maintains high attention to detail and ensures all change management and training activities support compliant and consistent execution.
• Continuous Improvement & Learning Agility: Quickly learns new processes, incorporates feedback, and continuously refines change management and training approaches to improve adoption and effectiveness.

How We’ll Take Care of You

• Dynamic and challenging work environment in one of the world leading pharmaceutical company and the biggest pharmaceutical company in Bulgaria
• Competitive remuneration bound with performance
• Additional healthcare insurance
• Additional benefits according to the company policy
• Opportunity for future career development

Reports to

Sr Dir Clin Supply/Oper Function

Teva’s Equal Employment Opportunity Commitment

Teva Pharmaceuticals is committed to equal opportunity in employment. It is Teva's global policy that equal employment opportunity be provided without regard to age, race, creed, color, religion, sex, disability, pregnancy, medical condition, sexual orientation, gender identity or expression, ancestry, veteran status, national or ethnic origin or any other legally recognized status entitled to protection under applicable laws. We are committed to a diverse and inclusive workplace for all. If you are contacted for a job opportunity, please advise us of any accommodations needed to support you throughout the recruitment and selection process. All accommodation information provided will be treated as confidential and used only for the purpose of providing an accessible candidate experience.