• Malaysia

Job Description:

At AstraZeneca we turn ideas into life changing medicines Working here means being entrepreneurial, thinking big and working together to make the impossible a reality Were focused on the potential of science to address the unmet needs of patients around the world We commit to those areas where we think we can really change the course of medicine and bring big new ideas to life

As a Finance Associate Directorin Gaithersburg, MD, youll play a pivotal role in channeling our scientific capabilities to make a positive impact on changing patients lives Operations at AstraZeneca is a truly world-class business unit It offers one of the most exciting, fast-paced, challenging and rewarding work environments in the world of operations, supply chain and manufacturing

Summary The Operations Finance Associate Director will report to the Head of Biologics External Supply (BES), with a very close reporting line to the Senior Director of Biologics Operations Finance You will serve as an excellent business partner for AZs virtual Biologics Manufacturing Site, comprised of relationships and partnerships with internal and external drug substance and drug product manufacturing organizations

This position is the finance lead serving on the Biologics External Supply leadership team, as well other colleagues in the AstraZeneca Finance organization to provide relevant and timely financial support for key business decisions This role will partner very closely with supply chain to maintain compliance with company policies and SOX controls

The duties encompass leading the end-to-end budget and forecast (annual and long-range) processes, monthly accounting close, management reporting, investment management support, internal control duties and ad-hoc financial support, as required

You will also support SAP product cost accounting initiatives for the BES site, working with AstraZenecas Centers of Excellence (COE) to develop and maintain accurate standard costs You should have a keen understanding of manufacturing finance and SAP cost accounting

Main Responsibilities

Business Partner

Serve as a member of the Biologics External Supply senior leadership team
Provide finance counsel at various Operations meetings
Shape long-term financial health of AstraZeneca by identifying value creation opportunities and advising managers on key business decisions
Work with cost center managers to develop accurate and relevant budgets and forecasts
Deliver timely and relevant financial reports to the business
Provide relevant financial analysis for key business decisions
Work closely with COE colleagues to ensure excellent support to business partners is provided

Budgeting & Forecasting

Lead the BESs annual long-range forecasting process, responsible for developing BESs P&L and Inventory forecast Work with BES contract manufacturing leads and COE cost accounting team to develop standard costs for all BES products

Document and distribute key budget and forecast assumptions to cost center managers
Utilize AstraZeneca budget & forecast models to develop zero-based operating expense budgets
Evaluate and report key business risks & opportunities
Accurately analyze and plan for manufacturing absorption and variances Ensure that the timing of expenses are accurately planned for within AstraZenecas Accounting Policies
Develop capital and inventory financial forecasts for the sites
Work with AstraZeneca COE colleagues to ensure that budgets and forecasts are accurately loaded in the reporting system
Ad hoc requests

Cost Accounting

Develop keen understanding of SAP Cost Module and apply it to setting standard costs for both sites in accordance with AstraZenecas methodologies
Assist local Planning and COE in setting up the BOMs raw material and semi-finished goods standard costs
Develop labor, overhead and other additive amounts applied to standard costs
Work collaboratively with other sites to develop consistent costing methodologies and standards
Analyze and report on complex process order and manufacturing variances
Engage with Regional Finance support as appropriate

Investment Management

Review business cases for capital investments
Assist Project Management in developing prioritized site budgets for capital projects
Track and report capital project progress and variances
Ensure that capital investments are accounted for in accordance with AstraZenecas Accounting Policies

Month End Closing

Analyze spending trends at mid-month in SAP to identify potential variances
Prepare journal entry analysis and documentation supporting reclassifications and accruals performed by the COE
Review manufacturing variance results and ensure that COE records them timely and accurately
Review COE monthly operating expense reports and provide concise, value added commentary explaining major variances
Review COE prepared asset reconciliations and review asset balances for compliance with AstraZeneca Accounting Policies
Present operating expense results to cost center managers in a timely manner
Review and report key financial metrics against the site & regional dashboards


Safeguard assets and company reputation by adhering to AstraZenecas policies and procedures
Review monthly inventory cycle counts performed in the Warehouse
Review monthly balance sheet reconciliations performed by the COE

Essential Requirements A proven leader, with ability to work without direct authority across a matrix organization to build commitment, lead cross-functional teams, influence and negotiate
Experience with business analytics; proven ability to make meaningful interpretations and draw conclusions from disparate data and information
A self-starter with ability to work through ambiguity and develop strong relationship with business colleagues
Eight to ten years of progressively responsible experience for a major companys manufacturing operation
Strong demonstrated understanding of key manufacturing finance principles
Excellent communication, particularly regarding presenting the results of analyses to management
The ability to work independently and to collaborate cross-functionally are key success factors
Strong desire to pursue manufacturing excellence and add value to patients
Bachelors degree in finance or accounting, or equivalent business experience
Outstanding knowledge of Microsoft Office software and SAP Cost modules

Desirable Requirements MBA, Certified Public Accountant or Certified Management Accountant
Experience with principles of Lean Manufacturing
Entrepreneurial mindset
Prior experience in the Bio/Pharmaceutical Industry

Next Steps Apply today! To be considered for this exciting opportunity, please complete the full application on our website at your earliest convenience it is the only way that our Recruiter and Hiring Manager can know that you feel well qualified for this opportunity If you know someone who would be a great fit, please share this posting with them

AstraZeneca embraces diversity and equality of opportunity We are committed to building an inclusive and diverse team representing all backgrounds, with as wide a range of perspectives as possible, and harnessing industry-leading skills We believe that the more inclusive we are, the better our work will be We welcome and consider applications to join our team from all qualified candidates, regardless of their characteristics We comply with all applicable laws and regulations on non-discrimination in employment (and recruitment), as well as work authorisation and employment eligibility verification requirements

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Profile Summary:

Employment Type : Full Time
Eligibility : Any Graduate
Industry : Biotechnology/Pharmaceutical/Medicine, Manufacturing/Industrial
Functional Area : Accounting/Tax/Company Secretary/Audit
Role : Other Accounting
Salary : As per Industry Standards
Deadline : 22nd Jul 2020

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