Director, Budgets and Forecasting

Teva; Haarlem; On-site; EUR 120,000 - 180,000; Full time

Benefits offered by this job

Competitive remuneration

Additional healthcare insurance

Career development opportunities

Company policies benefits

Job summary

Teva, a leading biopharmaceutical company, seeks a Director of Budgets and Forecasting to oversee clinical trial budgets across GCO and EPIX. You’ll translate operational plans into financial projections, drive forecast accuracy, and support budgeting governance with cross-functional partners.

You will lead budget development, version control, and variance analyses, delivering executive insights and ensuring compliance with internal controls and policies.

Qualifications

• University degree is required.
• Experience supporting clinical development portfolios and/or clinical trial finance (budgets, vendor spend, accruals).
• Proficiency with budgeting/forecasting and reporting tools (planning systems, ERP; advanced Excel).
• Experience driving standardization of financial processes across multiple teams and delivering improvements.
• Proven ability to influence decisions without direct authority and mentor others.

Responsibilities

• Establish and improve budgeting/forecasting processes, templates, and governance.
• Partner with study teams to develop budgets based on protocols and vendor costs.
• Lead forecasting cycles and analyze variances with actionable insights.
• Provide executive-level financial insights to support strategic decisions.
• Collaborate with global functions, vendors, QA, and study teams on financial planning.
• Drive data quality, reporting dashboards, and continuous process improvements.

Skills

Budgeting

Forecasting

ERP

Excel

BI dashboards

Influence leadership

Stakeholder engagement

Cross-functional collaboration

Communication

Forecast accuracy

Education

Bachelor's degree

Tools

ERP

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.