What are the responsibilities and job description for the Head, Finance NIBR BD&L position at Novartis?
The Head, Finance NIBR BD&L will lead the Novartis Institutes for Biomedical Research (NIBR) Finance Team and partner closely with the Head of BD&L to:
a) Drive BD&L strategy
b) Enable/participate in senior management decision making related to all global NIBR licensing, collaboration, equity investment, divestment, out licensing and acquisition deals
c) Execute on deals through being a key negotiation partner and manage all pre- and post-transaction financials of NIBR deals
d) Drive key external benchmarking analysis included R&D productivity of external collaborations
Key to this position is to enhance the value of the NIBR portfolio through BD&L transactions (Acquisitions, In-/Out-licensing, Research Collaborations, Divestments, Equity investments, Other), and to develop the BD&L strategy for NIBR together with Head BD&L.
The BD&L team is a Global network with representation in Cambridge, Basel, California and China
Responsibilities will include but are not limited to:
Define and Enable BD&L strategy
Business Partnering
Lead the BD&L Finance FP&A function
a) Drive BD&L strategy
b) Enable/participate in senior management decision making related to all global NIBR licensing, collaboration, equity investment, divestment, out licensing and acquisition deals
c) Execute on deals through being a key negotiation partner and manage all pre- and post-transaction financials of NIBR deals
d) Drive key external benchmarking analysis included R&D productivity of external collaborations
Key to this position is to enhance the value of the NIBR portfolio through BD&L transactions (Acquisitions, In-/Out-licensing, Research Collaborations, Divestments, Equity investments, Other), and to develop the BD&L strategy for NIBR together with Head BD&L.
The BD&L team is a Global network with representation in Cambridge, Basel, California and China
Responsibilities will include but are not limited to:
Define and Enable BD&L strategy
- Act as a trusted and respected advisor to NIBR senior management on all BD&L transactions under the “Open the Framework” collaboration strategy
- Create thoughtful financial deal structures; lead finance alignment with BD&L strategy in light of evolving P&L/BS/Cash Flow considerations
- Drive key external benchmarking analysis including R&D productivity of collaborations
Business Partnering
- Partner with BD&L management team to support negotiation, valuation and financial assessment of collaborations, tracking consistent and relevant deal comparables; resolving emerging alliance management topics with collaboration partners
- Coordinate relevant finance governance processes; evaluate and proactively communicate risks/opportunities and mitigation plans to management (e.g. Monthly NIBR Deal Committee meetings)
Lead the BD&L Finance FP&A function
- Ensure BD&L Finance team’s accountability and oversight for Strategic Planning, Budgeting & Forecasting for P&L/BS/Cash Flow, Monthly Reporting & Analysis, Public/Private equity management, and quarterly impairment and equity valuation processes
- Responsible to ensure final deal structure and terms comply with all internal and external accounting policies (Novartis Accounting Manual and IFRS).
- Liaise closely with other finance functions such as Financial Reporting and Analysis (FRA), Tax, Treasury, Group Finance, Country CFO teams, and Division BD&L and M&A Finance teams
EEO Statement
The Novartis Group of Companies are Equal Opportunity Employers and take pride in maintaining a diverse environment. We do not discriminate in recruitment, hiring, training, promotion or other employment practices for reasons of race, color, religion, gender, national origin, age, sexual orientation, gender identity or expression, marital or veteran status, disability, or any other legally protected status. We are committed to building diverse teams, representative of the patients and communities we serve, and we strive to create an inclusive workplace that cultivates bold innovation through collaboration and empowers our people to unleash their full potential.
Minimum requirements
What you’ll bring to the role:
Why consider Novartis?
769 million. That’s how many lives our products touch. And while we’re proud of that fact, in this world of digital and technological transformation, we must also ask ourselves this: how can we continue to improve and extend even more people’s lives?
We believe the answers are found when curious, courageous and collaborative people like you are brought together in an inspiring environment. Where you’re given opportunities to explore the power of digital and data. Where you’re empowered to risk failure by taking smart risks, and where you’re surrounded by people who share your determination to tackle the world’s toughest medical challenges.
We are Novartis. Join us and help us re-imagine medicine.
The Novartis Group of Companies are Equal Opportunity Employers and take pride in maintaining a diverse environment. We do not discriminate in recruitment, hiring, training, promotion or other employment practices for reasons of race, color, religion, gender, national origin, age, sexual orientation, gender identity or expression, marital or veteran status, disability, or any other legally protected status. We are committed to building diverse teams, representative of the patients and communities we serve, and we strive to create an inclusive workplace that cultivates bold innovation through collaboration and empowers our people to unleash their full potential.
- Master’s degree; MBA/CPA strongly preferred
- Successful execution of pharmaceutical/biotech licensing/ M&A deals
- Expert knowledge of financial concepts and accounting policies with respect to BD&L deals.
- Expert on licensing and collaboration deal contracts (financial structure & contract language)
- Leading multi disciplinary and global project teams to close transactions; manage deal portfolio; establish collaboration partnership
- Understanding of Legal, IP, Tax and accounting implications
- Preferred: work experience in multiple countries; cross-cultural experience is an asset
- 15 years of relevant business experience
Why consider Novartis?
769 million. That’s how many lives our products touch. And while we’re proud of that fact, in this world of digital and technological transformation, we must also ask ourselves this: how can we continue to improve and extend even more people’s lives?
We believe the answers are found when curious, courageous and collaborative people like you are brought together in an inspiring environment. Where you’re given opportunities to explore the power of digital and data. Where you’re empowered to risk failure by taking smart risks, and where you’re surrounded by people who share your determination to tackle the world’s toughest medical challenges.
We are Novartis. Join us and help us re-imagine medicine.
The Novartis Group of Companies are Equal Opportunity Employers and take pride in maintaining a diverse environment. We do not discriminate in recruitment, hiring, training, promotion or other employment practices for reasons of race, color, religion, gender, national origin, age, sexual orientation, gender identity or expression, marital or veteran status, disability, or any other legally protected status. We are committed to building diverse teams, representative of the patients and communities we serve, and we strive to create an inclusive workplace that cultivates bold innovation through collaboration and empowers our people to unleash their full potential.
Division
NIBR
Business Unit
CFO
Country
USA
Work Location
Cambridge, MA
Company/Legal Entity
NIBRI
Functional Area
Audit & Finance
Job Type
Full Time
Employment Type
Regular
Shift Work
No
Early Talent
No
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