Manager, Financial Operations

Description

This is a hybrid position requiring the team member to be onsite a minimum of 3 days per week. No relocation or visa sponsorship is provided for this opportunity.

At West, we’re a dedicated team that is connected by a purpose to improve patient lives that has been at the center of our Company for more than a century. Our story began when Herman O. West solved the problem of supplying penicillin in mass quantities to the US Government during World War 2. Through our work to deliver thousands of life‑saving and life‑enhancing injectable medicines to millions of patients daily, West’s indelible mark on the healthcare industry has just begun.

A name started our story. How will yours help write our future?

There’s no better place to join an inclusive community of professionals with opportunities for lifelong learning, growth and development. Supported by benefit programs, we empower the physical, mental, emotional and financial health of our team members and their families.

We believe in giving back to help those in need in the communities where we live and work. And are equally committed to creating a healthier environment and planet through our sustainability efforts.

In this role, you will be responsible for delivering Commercial Operations recommendations to deliver on the growth strategy for Contract Manufacturing Operating Unit. You will operate with a high degree of autonomy to ensure the effective financial management of commercial processes supporting the CMOU business. This role will manage the commercial processes supporting customer recoveries and related contract adjustments based on manufacturing site performance.

The purpose is to maintain profitability for customer programs and Contract Manufacturing sites. The role will also manage the CMOU process for developing initial financial models to support investments related to new commercial programs, and tracking assumptions. This role requires strong financial acumen along with a commercial lens and will regularly interface with West Contract Manufacturing cross functional stakeholders including supporting corporate functional groups.

• Lead the contract manufacturing commercial recovery process for Contract Manufacturing Operating Unit to strategically optimize its profitability by working closely with the site operations, finance and commercial teams to collect inputs in support of the recoveries process and creating the rationale for the commercial teams to position these recoveries to customers.
• Work with Finance team and other relevant functions to proactively identify gaps in commercial financial processes and drive action plans to mitigate the financial risks to improve operating profit using reporting tools.
• Manage the analysis of customer program financial details and contracts with the intent to identify drivers of financial variances for materials, production volumes, reconciliations, rebates, credits and other financial transactions. This work will include the responsibly for monitoring newly ramped customer programs against the commercial proposal that the program was awarded on, including the capital investment (PER) metrics, where applicable. The intent is to identify financial variances between planned and actual PER revenue, COGS and other financial metrics.
• For new business opportunities, manage the contract manufacturing pre-PER process, working with cross-functional stakeholders to gather relevant costs to support the investment for the new opportunities. The role will ensure that all calculations are accurate, assumptions are clearly documented and the PER reviewed with finance in advance of the process of socializing the Pre-PER.
• Manage requests for Growth and Innovation Portfolio PERs to support the strategic growth of Analytical Labs. Ensure that all calculations are accurate, assumptions are clearly documented and reviewed with finance and cross functionals teams in advance of the process for submitting PERs for approval.
• Partner with cost accounting and site finance team to enhance cost efficiency and support continuous improvement initiatives.
• Respo…