Finance Manager - US Sales Reserves Forecasting

United States

Job ID: 00417469

 

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Who We Are

At the Roche Group, about 80,000 people across 150 countries are pushing back the frontiers of healthcare. Working together, we've become one of the world's leading research-focused healthcare groups. A member of the Roche Group, Genentech has been at the forefront of the biotechnology industry for more than 30 years, using human genetic information to develop novel medicines for serious and life-threatening diseases. The headquarters for Roche pharmaceutical operations in the United States, Genentech has multiple therapies on the market for cancer and other serious illnesses. Please take this opportunity to learn about Genentech, where we believe that our employees are our most important asset and are dedicated to remaining a great place to work.

The Position

Finance Manager, US Sales reserves forecasting

Sales reserves comprise voluntary and mandatory price concessions, which we provide to our government and commercial customers.  Given the fluidity of the macro healthcare environment and legislation, reserves have and will continue to be an exciting and dynamic area that has a major impact on Genentech’s bottom line.  In 2012, reserves accounted for approximately 19% of Genentech’s US gross sales.  The Finance Manager will be responsible for supporting the bottoms-up reserves forecasting process for the US portfolio as well as other cross-functional initiatives impacting reserves.  This is a high profile role that will require significant interface with other finance colleagues and non-finance business partners across the organization.  This position is part of the Functional Decision Support team and reports to the Senior Finance Manager on the Reserves Finance Team.

The position is located in South San Francisco, CA.

Responsibilities:

• Maintain and assist framework for forecasting short and long-term sales reserves and excise tax for the Genentech portfolio to support all planning deliverables including the long-range business plan, 3-year brand plans, annual budget and forecast updates. 
• Develop robust and scalable processes to facilitate real-time updates and reporting as well as ensure transparency of all assumptions and calculations.
• Develop statistical and analytical tools to drive deeper reserve trend understanding as well as improving forecast accuracy going forward
• In close collaboration with Corporate Accounting, Managed Care and Customer Operations, Marketing Analytics & Sciences, and Government Affairs, understand internal and external factors that will impact future reserve rates.  Provide models, assumptions and timelines to Brand Finance Managers ahead of each forecast update.  Flag areas that require additional focus or potential scenario analysis.  Participate as needed at brand and business unit reserve forecast reviews.
• Drive and assist in Commercial Finance participation in cross-functional initiatives to determine impact of macro events on sales reserves forecasts, i.e. the Healthcare Reform and the Budget Control Act.
• Drive and assist in Commercial Finance collaboration with Corporate Accounting to ensure alignment of forecast assumptions and attempt to minimize forecast variances for the current quarter.  Influence as appropriate Corporate Accounting processes and decisions.
• Consolidate and review portfolio level reserves forecast for senior management review and approval, including the Commercial Leadership Committee when applicable.  Ensure adequate communication of risks to the forecast at the portfolio level and manage over-the-top portfolio level adjustments.    

Who You Are

Who are you:

• In hiring new employees, we look for people who are also inspired by our mission and who would fit in well with the collaborative, rigorous and entrepreneurial spirit of the company culture. Because we know that employees are critical to our success in where a job title is not considered the final definition of who you are, but the starting point.
• At least 5-7 years experience in finance roles of increasing scope and responsibility including at least 3 years experience in roles directly supporting the business. 
• Bachelors’ degree in economics, business, healthcare management, life sciences, finance or related disciplines; MBA or related graduate degree in healthcare, finance or economics preferred ; Computer science and/or statistics experience a plus
• Strategic thinker with proven leadership skills able to lead and drive others to produce results. Ability to see the “big picture”  
• Proven process management skills with experience leading a complex, cross-functional process
• Demonstrated ability to build relationships with business partners and work collaboratively across teams.  Ability to work in a fast-paced environment and adapt and prioritize as necessary
• Strong financial planning and modeling skills with ability to translate and communicate complex quantitative data in a format suitable for senior management
• Strong interest/knowledge of the US healthcare system, managed care or macro healthcare environment. Knowledge of sales reserves forecasting in a complex environment a plus. 
• Excellent written and oral communication / presentation skills

The next step is yours. To apply today, click on the "Apply online" button above.
Genentech is an Equal Opportunity Employer.