Position Type: Full-time
Department: Finance - FP&A
Work Location: Markham, Ontario
Work Hours: Monday to Friday- standard business hours
Work Arrangement: Hybrid
Travel Required: No
The Opportunity:As a Finance Business Partner (FBP) for the Patient Support Programs Business Unit (PSP BU), you will play a critical role in the PSP BU's performance management, financial reporting, planning, and forecasting. For RFPs and potential new programs, the FBP will contribute to business growth by supporting the financial analyses, pricing, and resource modelling used to inform decision making and program design.
A Day in the Life (What you will do here):Performance Management- Monthly Results Review: Review, publish, and explain monthly results, analyzing variances and providing driver-level commentary. This includes identifying key performance indicators (KPIs) and tracking them against targets to ensure the financial health of the PSP BU.
- Financial Modeling: Develop and maintain detailed financial models for existing programs. These models should encompass service revenues, resource models, drug revenues, other direct costs, and passthrough revenue and costs. The models will be used to forecast future financial performance and support strategic decision-making.
- Variance Analysis: Conduct thorough variance analysis to understand the reasons behind deviations from the budget or forecast. Provide actionable insights and recommendations to address any issues and improve financial performance.
- Cost Management: Monitor and control costs associated with existing programs. Work closely with program managers to identify cost-saving opportunities and implement measures to optimize resource allocation and expenditure.
- Performance Reporting: Prepare and present comprehensive performance reports to senior management. These reports should highlight key financial metrics, trends, and insights, and provide a clear understanding of the financial status of the PSP BU.
- Collaboration with PSP Teams: Assist PSP teams with various initiatives, including billing methodology changes, hiring decisions, copay reserve calculations, and pricing. Provide financial expertise and support to ensure that these initiatives are financially viable and aligned with the overall goals of the PSP BU.
- Continuous Improvement: Continuously seek opportunities to improve financial processes and systems. Implement best practices and leverage technology to enhance the efficiency and effectiveness of performance management activities.
Pricing- Financial Modeling for New Programs: Build multiyear financial models with various assumptions to support decision-making for new PSP programs. These models should account for different pricing scenarios and help forecast the financial impact of new programs.
- Standard Pricing List Management: Own and maintain the standard pricing list, making periodic updates based on competitive information, cost changes, and process improvements. Ensure that the pricing list remains accurate and reflective of current market conditions.
- Assumption Documentation: Capture all assumptions used in financial models and pricing strategies. Validate assumptions with actuals for proxy molecules. Develop resource models to provide monthly hiring plans based on manufacturer expectations and patient enrollment numbers.
- Cost and Revenue Simulation: Simulate costs and revenues under various pricing models, including Fee per Patient, Fees for Service, and Cost-Plus models. Analyze the financial implications of each model and recommend the most suitable pricing strategy.
- Strategic Recommendations: Make informed recommendations on reinvestment into the program based on expected overall program contribution. Provide insights on how to optimize pricing strategies to maximize profitability and ensure sustainable growth.
- RFP Support: Collaborate with the PSP Business Development team to fill in templates and provide financial information as requested by manufacturers in Request for Proposals (RFPs).
Budgeting- Budgets & Forecasts: Be a key contributor in preparation of budgets and forecasts for each PSP program in close collaboration with the PSP leadership
What you need to ensure you are set up for success:- Bachelor's degree in finance, accounting, economics, or a related field.
- CPA or CFA designation required.
- 3-5 years of corporate FP&A/FBP experience, including a minimum of three years of Canadian work experience (multiunit experience an asset).
- Experience with end budgeting, rolling forecasts and long-range planning.
- Experience working in a dynamic, fast paced environment
- Experience in the pharmaceutical/healthcare industry is a plus.
What makes you a great fit for this team:- Self-starter with attention to detail and a zeal for continuous improvement.
- Comfortable working with assumptions and dealing with uncertainty.
- Strong analytical and quantitative thinking paired with Excel modeling skills.
- Excellent written and oral communication skills, with the ability to present financial data clearly to both finance and non-finance stakeholders.
- Ability to build outstanding relationships based on trust and deliver on commitments.
- Comfortable operating in a highly visible role with regular, direct interaction with the Sentrex CEO and senior leadership.
- Mature and well-balanced, with the resilience and composure to perform well under pressure.
- Skilled at building consensus and remaining persuasive, professional, and collaborative during negotiations.
Why join Sentrex?We value our employees! Our permanent full-time employees are provided with a:
- Competitive Salary and generous vacation entitlement
- Wellness Program (5 paid days off for your well-being!)
- Paid Sick Days
- Competitive Benefits Package including Dental & Extended Health Benefits, AD&D, LTD & Employee/Dependent Life Insurance
- RRSP Matching Program
- Employee & Family Assistance Program
- The anticipated base salary hiring range for this role is 110K to 130K annually. The final base salary will be determined based on relevant experience, skills, and internal equity.
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