2577 Governance Cost Analyst III
Key Role Responsibilities of Governance Cost Analyst:
Provide oversight of Service Provider financial reporting to ensure timely submissions, accurate forecasting and spend to date, tracking to approved annual budgets, identification of risks & variances – and anomalies in expenditure, and review & validation of any proposed changes.
The Governance team facilitates Monthly, Quarterly, and Annual business review meetings to review supplier performance.
A key component of these meetings is a review and update of the financial status of the Service Provider account.
This report out will be conducted by the Governance Cost Analyst.
In order to perform the Governance Cost Analyst role excellent knowledge of all current commercial contract terms and conditions is expected.
You should have subject matter expertise to allow you to be regarded as the expert to turn to with regard to any interpretation of terms and conditions as it relates to the commercial information of the contract.
Several of the contracts include complex Key Performance Indicators that are tied to variable compensation payments.
A detailed understanding of the mechanisms for awarding variable compensation, including associated fee structure, and payment terms will be required.
The Cost Analyst will support the Governance lead in the administration of the various contracts in connection with change orders, purchase order amendments, and contract amendments as it relates to financial terms.
An excellent understanding of SAP is preferable.
The Cost Analyst will be responsible for facilitating the submission and tracking of multiple.
Purchase Orders raised for each of the Service Providers, and for managing the process of ensuring that the relevant stakeholders review and approve purchase order submissions.
Close collaboration with our Finance partners is a necessity.
The process of reviewing and establishing annual budgets is an exercise that the Cost Analyst will be expected to participate in in conjunction with our Finance team and key stakeholders.
The Cost Analyst will perform a critical role in the close out of year end finances.
Ensuring, in conjunction with our Finance team, that accruals are accurately captured, and that at the commencement of the following year that all final accounts for the prior year are appropriately documented and signed off.
Throughout the course of each year the Governance team may be requested to participate in RFP’s / bid reviews for the renewal, or appointment, of new Service Providers.
The Cost Analyst will play a critical role in the review of the commercial component of these bids, providing analysis, and recommendations.
In addition to working closely with our Finance team and key stakeholders, the Governance team also collaborates with our Procurement, and Legal colleagues.
The expectation is that should these various groups have questions or concerns in relation to any financial issue that may arise with the Service.
Providers that the Governance Cost Analyst will be the ‘go to’ person for support.
The Governance group also facilitates an annual program of audits, and facilitates ad hoc Risk Workshops.
The Cost Analyst will be expected to participate in these activities providing cost expertise as and when required.
Expertise in Tableau would be highly preferred.
We are in the process of adopting a Tableau and /or Google Data Suite format for capturing our Service Provider cost information, and developing and issuing our reports.
The Governance Cost Analyst will be expected to play a lead role in supporting this effort.
Minimum 5 years of related analytical, business and operational experience in Procurement/ Quantity Surveying / Supply Chain Management / Engineering.
Superb computer skills including Tableau, Google Data Suite , all Microsoft standard office tools. All Google standard office tools. Ability to use PC or Apple platforms. Knowledge of SAP would be a great advantage, as would some skills in M’soft Project and Visio. Remote conferencing using WebEx, Skype and other video conferencing platforms is required.
Excellent communication skills both written and verbal.
Supplier relationship experience and effectively using influence without authority to effect change.
Proven formal contract negotiation skills are a plus. Knowledge of standard forms of contract, legal contracts used in the USA and interpretation of standard and non-standard terms and conditions are required.
Science, Engineering or Quantity Surveying BS / BA required, MS, MBA or 5-7 years of business/operations experience.
Ability to interpret and relate Standard contract terms and conditions applicable to USA contracts for implementation and review.
Biotech / pharmaceutical industry experience a plus.
Project management or Project Controls experience is a plus.