FP&A Manager

TITLE:

FP&A Manager

Title: FP&A Manager

Reports To: US Commercial Controller

Location: Richmond, VA

Indivior is a global specialty pharmaceutical company working to help change patients' lives by developing medicines to treat substance use disorders (SUD) and serious mental illnesses. The name is the blend of the words individual and endeavor, and the tagline “Focus on you” makes the company’s commitment clear. It represents and empathizes with the often-difficult journey each individual patient takes to overcome the challenges of addiction and mental illness.

Indivior is dedicated to transforming addiction from a global human crisis to a recognized and treated chronic disease. Our vision is that all patients around the world will have access to evidence-based treatment for the chronic conditions and co-occurring disorders of SUD. The Indivior logo radiates its patient-focused, holistic focus on expanding access to quality treatment for addiction worldwide. Building on its global portfolio of opioid use disorder treatments, Indivior has a pipeline of product candidates designed to both expand on its heritage in this category.

POSITION SUMMARY:

This position is a key member in the Finance team in leading our financial planning processes for US Commercial Revenue, including the design and implementation of potential technology tools and process automation options, as well as partnership with Rebate Operations and Government Pricing/Contracting. This position supports Gross to Net Revenue projection, Commercial & Government rebating analysis, Monthly financial review and ensures compliance with applicable accounting standards. 

ESSENTIAL FUNCTIONS:

The responsibilities of this job include, but are not limited to, the following:

• Ownership of forecasting models (Net Revenue to Cash Flow) and detailed trade spend for each product, to ensure forecast accuracy.
• Develops gross-to-net assumptions (e.g., for rebates, returns, discounts, chargebacks, CDA etc.) and prepare net revenues projections for the annual budget, quarterly forecasts, latest estimates, and 10-year plan, through close coordination with other departments (such as Rebate Operations, Government Pricing/Contracting, Business Analytics and Channel Operations) and through understanding of forecasting models and techniques.
• Prepares monthly analysis and reporting of P&L and Cash Flow. This includes performance against prior periods and forecast targets as well as prudency in trade spend accruals.
• Partnership with the Global FP&A team to ensure understanding of financials drivers of business for actuals and forecast/plans.
• Provides monthly P&L and Balance Sheet commentary for business owners and senior leadership. Also, support the Finance team in working with business owners to manage trade costs, to understand ordering patterns/fluctuations, and to deliver robust forecasting.
• Identifies and communicates any forecast risks and opportunities.
• Supports month-end close (and quarter-end close) activities in partnering with Accounting to ensure the accuracy and completeness of the trade spend accruals (e.g., rebates, returns, discounts, chargebacks, etc.) and net revenues.
• Ensure compliance to Global FP&A and Accounting deadlines, including monthly flash, forecast & plan loads, and management reporting.

• Supports set-up & ensures ongoing compliance with the Sarbanes Oxley control environment to ensure all controls are effective and introduce new controls where necessary.
• Supports quarterly reviews and annual audits by external auditors; and supports internal audits and other compliance reviews.
• Provides ad hoc analysis and support to senior leadership
• Works on special projects, as required.

MINIMUM QUALIFICATIONS:

Education: Bachelor’s degree in Business or Finance. MBA strongly preferred

Experience:

• 8-12 years of finance experience with increasing scope of responsibility in publicly traded company
• Experience in healthcare / pharmaceutical industry / CPG industry preferred
• “Can-Do” attitude and ability to deliver against tight timelines in a high expectation culture
• Expert level proficiency on Microsoft tools (especially Excel & PowerPoint), with ability to do financial modelling
• Experience in working cross functionally and driving projects to completion within tight timelines
• Understanding of Gross-To-Net in pharmaceutical company, including third party rebates, returns, discounts, chargebacks, coupons, and distributor payments would be a plus.

COMPETENCIES/CONDUCT:  

In addition to the minimum qualifications, the employee will demonstrate:

• Strong written & oral presentation skills with Executive presence
• Strong analytical skills and ability to provide input into judgmental areas
• Ability to tailor communications to senior leadership
• Ability to demonstrate flexibility and to reprioritize as necessary
• High level of initiative and independence

BENEFITS:

Indivior is committed to providing a culture driven by guiding principles and top-tier benefits that match the importance of the work we do. The Indivior experience includes

• 3 weeks’ vacation plus floating holidays and sick leave
• 401(k) and Profit Sharing Plan- Company match of 75% on your first 6% of contributions discount and profit sharing contribution equal to 4% of your eligible pay
• U.S. Employee Stock Purchase Plan- 15% Discount
• Comprehensive Medical, Dental, Vision, Life and Disability coverage
• Health and Dependent Care Flex Spending options
• Adoption assistance
• Tuition reimbursement
• Leverage Concierge/personal assistance services
• Voluntary benefits including Legal, Pet Insurance and Auto/Home coverage
• Gym, fitness facility and cell phone discounts
• Our Guiding Principles, Core Values and Vision provide a culture that unites and guides our employees.

COMPLIANCE OBLIGATIONS:

Indivior is committed to maintaining a workplace where employees are committed to compliance and feel comfortable raising concerns about potential violations of policies or unethical behaviour. As part of your responsibilities, you are expected to:

Employee Obligations:

• Always act with honesty and integrity.
• Risk IQ: Know what policies apply to your role and function and adhere to them.
• Speak Up: If you see something, say something.

Manager Obligations:

• Always act with honesty and integrity
• Reinforce risk awareness with your team, with accountability and oversight for ongoing review and mitigation.
• Model and reinforce a Speak Up culture on your team.

BENEFITS:

Indivior is committed to providing a culture driven by guiding principles and top-tier benefits that match the importance of the work we do. The Indivior experience includes:

• 3 weeks’ vacation plus floating holidays and sick leave
• 401(k) and Profit Sharing Plan- Company match of 75% on your first 6% of contributions and profit sharing contribution equal to 4% of your eligible pay
• U.S. Employee Stock Purchase Plan- 15% Discount
• Comprehensive Medical, Dental, Vision, Life and Disability coverage
• Health, Dependent Care and Limited Purpose Flex Spending and HSA options
• Adoption assistance
• Tuition reimbursement
• Concierge/personal assistance services
• Voluntary benefits including Legal, Pet Insurance and Critical Illness coverage
• Gym, fitness facility and cell phone discounts

GUIDING PRINCIPLES:

Indivior’s guiding principles are the foundation for each employee’s success and growth. Each employee is expected to demonstrate understanding and adherence to our guiding principles in their everyday performance.

The duties and responsibilities identified in this position description are considered essential but are not limited to only those outlined. The employee may perform other functions that may be assigned. Management retains the discretion to add or change the duties of this position at any time.

EQUAL EMPLOYMENT OPPORTUNITY

EOE/Minorities/Females/Vet/Disabled