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Operations Finance Analyst

Operations Finance Analyst

Thermo Fisher ScientificBengaluru, Karnataka, India
13 hours ago
Job description
  • Risk Mitigation : Ensure monthly client reporting, including SUA studies, and timely follow-up on overdue A / R. Discuss with manager any red flags with sponsors (cashflow, study cancellations, client turnover, collections, mod delays) and use the risk review escalation process.
  • Accountability : Have full command of the studies you manage, understanding finances and key study drivers.
  • High-Quality Financial Analysis : Provide financial analysis to support decision-making and operational excellence.
  • Client Relationships : Deliver "best in class" support to earn repeat business by ensuring timely and accurate reporting, forecasting, and invoicing. Act with urgency and respond to customers within 24 hours.
  • Optimize Cash Flow : Ensure cash neutrality with timely contract modifications and invoicing. Favourable SUA, SOW, and Contract Modification (Change Order) payment schedules, adhering to MSA advances, and ensuring adequate advances throughout the study.
  • Manage Out of Scope (OOS) : Keep past OOS below 2% of the executed contract value and review future OOS during Monthly finance reviews and proactively seek PL’s input on accuracy and / or coverage. Track OOS using the tool and templates provided
  • Forecast Accuracy : Improve forecast accuracy for direct and indirect costs.
  • Finance Reviews : Host monthly finance reviews using designated tools.
  • Month-End Compliance : Adhere to month-end compliance, deadlines, and deliverables.
  • Effective Tool Use : Utilize the tool effectively to keep healthy study financials.
  • Reduce Revenue Adjustments : Minimize revenue adjustments and understand month-end drivers.
  • Minimal Manual Adjustments : Limit post month end manual adjustments.
  • Enhance pickup calculations for better forecast accuracy and adopt new tools.
  • Process Improvements : Identify and implement process improvements, optimizations, and automations.
  • Financial Controls : Drive excellence in internal financial controls, audit readiness, and reporting processes.
  • Audit Readiness : Be audit-ready 100% of the time and achieve zero findings in statutory, interim, and year-end audits.
  • Issue Escalation : Escalate issues like slow Contract Modifications, CNFs, Overspend escalation, and lack of response.
  • Follow-Up : Ensure action items are completed by Ops and stakeholders.
  • Close Process : Support the acceleration of the close process.
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    Finance Analyst • Bengaluru, Karnataka, India