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Job Details


Merck & Co, Inc

Executive Director, Financial Planning & Analysis

Executive

Executive Director

No

Rahway, New Jersey, United States

Job Description

Our Finance team brings together our financial perspectives into our overall strategic and tactical decision making. We use state-of-the-art techniques for financial analysis, planning, accounting, reporting and performance evaluation. This allows the organization to continue advancing medical innovation and improve lives.

The Executive Director, Financial Planning & Analysis (FB&A) will be a key financial and strategic business partner supporting Discovery, Preclinical and Translational Medicine (DPTM) organization, our company's early-stage discovery and development organization. The incumbent will lead a team of finance professionals, responsible for forecasting and analytics, supporting both internal and external stakeholders, overseeing monthly close activities, and tracking of actuals.

Primary Responsibilities:

  • Provide financial and strategic support to DPTM organization, which is led by a member of the Research Leadership Team (RLT) and who is also a chair or core member of multiple key governance bodies

  • Serve as part of the leadership team of both DPTM and Research and Development (R&D) Finance

  • Partner on strategic as well as tactical fronts to manage the progression of the early-stage pipeline with due financial considerations

  • Support the development of robust and realistic financial plans and help articulate those plans in clear and concise manner to the various stakeholders

  • Provide financial support for the formulation and evaluation of capital investment proposals and to help prepare and present the business cases to the various governance bodies

  • Develop and maintain good partnership with the finance counterparts of DPTM’s many external collaborations to understand the profile, timing, and expected return of planned investments

  • Provide, in concert with other company colleagues, support for exploration of in-licensing opportunities, which are important contributors to the early/late-stage pipeline

  • Develop and maintain strong relationship and partnership with counterparts in Global Project and Alliance Management (GPAM) to support integrated program views

  • Collaborate seamlessly with various finance and business stakeholders across Finance, Development Sciences and Clinical Supply (DSCS), and Global Clinical Development (GCD) to help advance business goals

  • Have an enterprise mind-set and be able to articulate fully integrated costs and investment considerations and potential trade-offs

  • Provide financial support, with the knowledge of key drivers, for Discovery and Translational Research Committee (DTRC)

  • Partner with the business to prioritize financial investments in-line with the financial targets and to provide accurate information to support pipeline portfolio review prioritization process

  • Analyze and report actual financial results and to discuss adjustments needed to the projected spend to stay aligned with the approved financial plans

  • Understand operational productivity drivers of the business and to develop/ maintain financial metrics to measure actual performance vs. what’s expected, including the recently approved incremental capital and operating investments in DPTM people, technology, and facilities

  • Oversee various critical financial processes and to take proactive steps to align with the evolving business needs and ensure that the processes run efficiently and effectively

  • Ensure full compliance with the accounting requirements and to maintain sound financial internal control environment

  • Lead and/or to participate in various special initiatives / projects across R&D Finance

  • Lead a diverse team of talented professionals and provide guidance and leadership to the team on various business support aspects

  • Help team members realize their full career aspirations and to proactively seek ways to attract new talent to both R&D Finance in particular and our company's Finance overall

Education:

  • Required: Bachelor’s Degree in Business, Finance/Accounting, Science, or Engineering

  • Preferred: MBA or other Masters/PhD in Business, Finance, Science, or Engineering

Required Experience and Skills:

  • Minimum of 10 years of operations or Finance experience

  • Effective with Microsoft Office suite (Word, Excel, PowerPoint)

Preferred Experience and Skills:

  • Excellent analytical skills and the ability to develop business operations models

  • Strong organizational and time management skills

  • Excellent attention to detail to ensure accurate and on-time deliverables

  • Strong business and financial acumen

  • Demonstrated effectiveness working with teams, including Third Parties

  • Proactive approach to problem solving, including solutions at times may be “outside of the box”

  • Demonstrated ability to influence, build and maintain diverse team, client and peer relationships

  • Excellent interpersonal and communications skills

  • Passion and intellectual curiosity with respect to healthcare industry

  • Experience in the pharmaceutical or healthcare industry

  • Understanding of the drug discovery and development process

  • Sufficient knowledge of our company's pipeline / product line

  • Strong computer skills especially working with SAP, BPC, and MS Excel

Our Support Functions deliver services and make recommendations about ways to enhance our workplace and the culture of our organization. Our Support Functions include HR, Finance, Information Technology, Legal, Procurement, Administration, Facilities and Security.

Who we are …

We are known as Merck & Co., Inc., Rahway, New Jersey, USA in the United States and Canada and MSD everywhere else. For more than a century, we have been inventing for life, bringing forward medicines and vaccines for many of the world's most challenging diseases. Today, our company continues to be at the forefront of research to deliver innovative health solutions and advance the prevention and treatment of diseases that threaten people and animals around the world.

What we look for …

Imagine getting up in the morning for a job as important as helping to save and improve lives around the world. Here, you have that opportunity. You can put your empathy, creativity, digital mastery, or scientific genius to work in collaboration with a diverse group of colleagues who pursue and bring hope to countless people who are battling some of the most challenging diseases of our time. Our team is constantly evolving, so if you are among the intellectually curious, join us—and start making your impact today.

NOTICE FOR INTERNAL APPLICANTS

In accordance with Managers' Policy - Job Posting and Employee Placement, all employees subject to this policy are required to have a minimum of twelve (12) months of service in current position prior to applying for open positions.

If you have been offered a separation benefits package, but have not yet reached your separation date and are offered a position within the salary and geographical parameters as set forth in the Summary Plan Description (SPD) of your separation package, then you are no longer eligible for your separation benefits package. To discuss in more detail, please contact your HRBP or Talent Acquisition Advisor.

For positions located in the United States and Puerto Rico – Subject to applicable law, all new hires (including internal transfers) must demonstrate that they are fully vaccinated against COVID-19 or that they qualify for a medical or religious exemption to this vaccination requirement. New hires (including internal transfers) to a position that, as determined by the Company, requires routine collaboration with external stakeholders (such as roles in health services or customer-facing commercial or research-based roles) (“Customer-Facing Role”) who are not vaccinated must qualify for a medical or religious exemption and be in a position that the Company determines can accommodate unvaccinated employees without causing an undue burden to business operations. If, following dialog with the candidate as appropriate, it is determined that the candidate either a) does not qualify for a religious or medical exemption or, b) for candidates applying for Customer-Facing roles, it is determined that allowing the candidate to work without vaccination would cause an undue burden to the Company, the candidate will be ineligible for hire or transfer, or any offer of employment or transfer (if applicable) will be revoked. Please note that notwithstanding the approval of any reasonable accommodation, the Company reserves the right to monitor, modify, or revoke any such accommodation if it is determined, following dialog with the employee, that the accommodation is no longer effective or results in an undue burden to the Company.

Current Employees apply HERE

Current Contingent Workers apply HERE

US and Puerto Rico Residents Only:

Our company is committed to inclusion, ensuring that candidates can engage in a hiring process that exhibits their true capabilities. Please click here if you need an accommodation during the application or hiring process.

For more information about personal rights under Equal Employment Opportunity, visit:

EEOC Poster

EEOC GINA Supplement​

OFCCP EEO Supplement

Pay Transparency Nondiscrimination

We are proud to be a company that embraces the value of bringing diverse, talented, and committed people together. The fastest way to breakthrough innovation is when diverse ideas come together in an inclusive environment. We encourage our colleagues to respectfully challenge one another’s thinking and approach problems collectively. We are an equal opportunity employer, committed to fostering an inclusive and diverse workplace.

Residents of Colorado:

Click here to request this role’s pay range.

Search Firm Representatives Please Read Carefully
Merck & Co., Inc., Rahway, NJ, USA, also known as Merck Sharp & Dohme LLC, Rahway, NJ, USA, does not accept unsolicited assistance from search firms for employment opportunities. All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for this position will be deemed the sole property of our company. No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre-existing agreement is in place. Where agency agreements are in place, introductions are position specific. Please, no phone calls or emails.

Employee Status:

Regular

Relocation:

No relocation

VISA Sponsorship:

No

Travel Requirements:

Flexible Work Arrangements:

Hybrid

Shift:

Valid Driving License:

Hazardous Material(s):

Number of Openings:

1

Requisition ID:R203783