Advisor, Financial Planning and Analysis

What Financial Planning & Analysis contributes to Cardinal Health

Financial Planning & Analysis is responsible for being objective and strategic financial partners, leading collaborative cross-functional effort to drive relevant, flexible and efficient financial planning and analysis that supports our key business decisions.

  • Analyzes business trends
  • Leads and aligns financial forecasts and long range planning processes with our business leaders.
  • Drives business value by providing financial and analytical counsel to facilitate decision-marking around strategic business initiatives.
  • Prepares monthly financial reporting including variance and financial statement analysis. Able to clearly communicate a cohesive and concise story around business drivers behind financial data and potential implications on future results.
  • Creates financial models and scenarios as a key input for business planning decisions in areas such as capital deployment, sourcing, product development, marketing strategies, and acquisitions.
  • Manages annual budget processes, incorporating business initiatives, economic trends and operational effectiveness. Aligns budget to business strategies and gains alignment from business partners.
  • Performs customer and product profitability analysis and makes investment and pricing decisions. Identifies opportunities to drive revenue growth, margin expansion and a more favorable mix (i.e., driving preferred products and services).
  • Understands market dynamics and competitors. Conducts complex analysis, synthesizes and summarizes implications to business, influencing business partners using analytics and business understanding.
  • Identifies and executes upon process improvement opportunities. Demonstrates proficiency of technical tools and financial systems.
  • Serves as an objective financial steward with an enterprise perspective, safeguarding our company's assets. Ensures strong controls are in place and the company's intellectual property is protected.

Accountabilities:

This team provides financial support to the Strategic Sourcing team within Pharmaceutical segment of Cardinal Health.  The key responsibilities for the team are listed below:

  • Accounting
    • Process fee for service monthly accruals for DSA/DSP agreements.
    • Process fee for service monthly and/or quarterly invoices for DSA/DSP agreements.
    • Calculate and process price increase impacts that require refunding back to suppliers.
    • Allocate supplier payments for A/R cash application.
    • Initiate A/R write offs in conjunction with DSA Managers.
    • Initiate A/P deductions for past due receivables in conjunction with DSA Managers.
  • Billing
    • Timely and accurate completion of monthly and/or quarterly invoicing with supporting documentation.
    • Establishes / coordinates cardinal.com account set up and changes.
  • Compliance
    • Ensures that all internal controls are met.
    • Detailed knowledge of DSA/DSP agreements and all of their components.
    • Ensure that all fees for services revenue generating parameters are accounted for in monthly accruals, quarterly “true-ups” and quarterly invoices.
    • Ensure specific supplier reserves are accounted for accurately and timely.
    • Create & maintain policies and procedures.
    • SOX testing.
    • Provide recommendations for process improvements and potential control lapses.
  • Customer Service
    • Strategic Purchasing DSA Managers
    • Brand Pharmaceutical suppliers
    • Internal and External Audit Teams
    • Contact for all Audit groups
  • Reconciliation
    • Ensure that all fees for services revenue generating parameters are accounted for in monthly accruals, quarterly “true-ups” and quarterly invoices.
    • Review A/R balances to ensure accruals, adjustments & payments allocations are processed accurately.
    • Assist in the reconciliation of supplier outstanding A/R.
  • Reporting
    • Annual supplier “true up” calculations.
    • Price Increase Credits, Credit / Inventory Appreciation calculations.
    • Vendor profitability analyses.
  • Systems
    • SAP/Vistex
    • Business Objects
    • Microsoft Suite of tools


Qualifications

  • BA in accounting or finance or a related field; CPA or MBA preferred
  • 3-5 years of progressive related experience in a corporate finance capacity
  • Strong verbal and written communication skills are absolutely crucial.
  • Comfortable working simultaneously on a broad range of projects and responsibilities.
  • Able to multi-task and meet hard deadlines with high visibility to senior management.
  • Proficient in the use of Microsoft Excel and Access.

SAP knowledge preferred

Qualifications

  • Bachelors degree in business related field, or equivalent work experience
  • 4+ years experience in related field

What is expected of you and others at this level

  • Applies comprehensive knowledge and a thorough understanding of concepts, principles, and technical capabilities to perform varied tasks and projects
  • May contribute to the development of policies and procedures
  • Works on complex projects of large scope
  • Develops technical solutions to a wide range of difficult problems. Solutions are innovative and consistent with organization objectives
  • Completes work independently receives general guidance on new projects
  • Work reviewed for purpose of meeting objectives
  • May act as a mentor to less experienced colleagues