Financial Analyst

Parexel International (india) Private Limited; Hyderabad; On-site; INR 900,000 - 1,500,000; Full time

Job summary

Parexel International (india) Private Limited is seeking a Financial Analyst II to support project leadership with accurate financial analysis and decision support in Hyderabad. You will oversee budgeting, forecasting, and revenue recognition for diverse projects, ensuring alignment with operational plans.

The role requires strong Excel and PowerPoint skills, familiarity with Hyperion, and a collaborative, results-driven mindset suitable for a mid-level finance professional in a dynamic, global

Qualifications

• Bachelor's degree in Finance or Accounting or equivalent experience.
• Strong analytical and partnering track record in finance.
• Proven experience with Excel and PowerPoint; Hyperion experience is a plus.

Responsibilities

• Create accurate, transparent financial analyses to support project leadership and decision making.
• Manage monthly revenue cycle and project analysis including forecast, units, prices, and revenue recognition.
• Ensure forecasting aligns with operational plans and maintain supporting documentation.
• Perform variance analyses and identify risks and opportunities in project forecasts.
• Communicate financial status updates and respond to client reporting needs for assigned projects.

Skills

Excel

PowerPoint

Education

BA in Finance or Accounting

Tools

Hyperion

Job description

Financial Analyst II When our values align, there's no limit to what we can achieve. At Parexel, we all share the same goal - to improve the world's health. From clinical trials to regulatory, consulting, and market access, every clinical development solution we provide is underpinned by something special - a deep conviction in what we do. Each of us, no matter what we do at Parexel, contributes to the development of a therapy that ultimately will benefit a patient. We take our work personally, we do it with empathy and we're committed to making a difference.

Key Accountabilities

• Create accurate, transparent, and timely financial analysis to support project leadership in project decision making process; clearly articulate financial implications of business decisions / choices, and provide retrospective analysis as well as drive forward looking actions on simpler projects / contract types
• For less complex projects facilitate the monthly revenue cycle and support project analysis requirements, including a review of units, forecast, unit prices, and revenue recognition.
• Ensure appropriate supporting documentation is available and that the forecast is aligned with operational plans.
• Complete all required variance analyses for the set of projects, with insight.
• Identify risks in the project forecast and opportunities to improve revenue outlook.
• Communicate, document and manage these on an ongoing message.
• Understand alternative finance scenarios within a project with a degree of technical knowledge and business acumen.
• Provide updates on financial status for assigned projects and create information in response to any client financial reporting needs for assigned projects in the area of project reporting, forecasting, or transactional details for the projects within the portfolio.

Budgeting

• For less complex projects, actively monitor the balance sheet positions of projects within the portfolio.
• Initiate action as needed with project teams to keep balances current, improving DSO and cash flow.
• Put steps in place with project teams to ensure pass-thrus are managed within project budgets, including appropriate to trigger change in scope as needed.

Metrics

• Maintain, produce and communicate a relevant and impactful set of project financial metrics designed to support evaluation of financial performance consistent with the project and contract types being managed.
• In partnership with PLs and project teams, prepare and conduct a monthly project review of performance, operational status, and outlook.
• The review will focus on revenue forecast, labor and margin, billing status, assumptions, special contract items.
• The review should capture potential improvement opportunities and actions will be taken.

Scope of Work

• Play a key role in initiating, building, and reviewing change in scope activity on assigned projects. Work with the project teams on an appropriate budget for the scope of work. Maintain/update simpler project budgets within relevant tools from post-award onwards including analysis and understanding on any subsequent changes in scope

Resourcing Review

• Review labor assumptions on assigned projects, both volume and mix.
• Build discipline in our project teams in charging time accurately.
• Understands project resource planning support, monitor resource levels on ongoing projects and identify and communicate project/portfolio margin implications.

Testing

• As required, complete all revenue control testing, SOX or audit related.

Competencies

Communication

As Finance Business Partner, communicates, builds rapport and understands/address needs of project leadership. Engages project leadership to achieve financial and business goals; work closely with them to meet financial goals and supports financially sound decision making Develops business partner relationships with project leadership in order to facilitate proper project performance information flow Engages within various levels of internal functions, including clients if necessary.

Analytics & Problem Solving

Determines data requirements and sources of information, conducts analysis under supervision.

Drive for Results

Consistently delivers timely and quality results. With supervisory support, develops recommendations regarding project profitability

Financial Acumen & Controls

Applies current financial and accounting standards, policies and controls.

Partnering for Business Success

Understands Parexel’s business, different lines of business and industry trends related to your area of expertise Developing an understanding of partners' priorities

Process & Project

Prioritizes, sets expectations and works in an efficient and disciplined manner.

Skills

Prioritizes, sets expectations and works in an efficient and disciplined manner. Thrives in a complex, fast-paced, matrix environment Strong experience with Excel and PowerPoint applications; experience with financial performance systems (e.g., Hyperion) Ability to manage multiple and varied tasks with enthusiasm and prioritize workload with attention to detail Interpersonal skills Strong command of the English language, both written and verbal

Education & Experience

BA in Finance or Accounting, or relevant experience preferred Minimum 2+ years Relevant and progressive Finance roles with strong analytical and partnering track record.

Experience Level

Mid Level