Associate Director - Forecasting & Innovation

Facility:  Finance
Location: 

Plainsboro, NJ, US

About the Department                                                                                                                                                 

At Novo Nordisk, our Strategy, Finance, and Operations team works to provide strategic direction to the company, ensuring that everything we do is viable and built to last. Overseeing and safeguarding Novo Nordisk’s short and long-term planning, the Strategy, Finance and Operations team works closely with the business across the organization to develop strategies and business plans, monitor industry trends, and provide operating recommendations. We regulate accounting, uphold workplace safety, manage our supply chain and sampling, support technology, provide commercial insights & analytics, maintain our facilities and assure the integrity and completeness of all business transactions. At Novo Nordisk, you will have the opportunity to build a life-changing career in a global business environment. We encourage our employees to make the most of their talent. And we reward hard work and dedication with the opportunity for continuous learning and personal development. Are you ready to realize your potential?

 

The Position

Lead support for development of Forecasts for Rare Diseases portfolio and upcoming new Therapeutic Areas to Novo Nordisk including, but not limited to CV, NASH, and Alzeheimer's. For in-line brands, based on assessment of market trends and expected future events, this individual is responsible for helping support delivery of holistic, insight-driven volume forecasts for our Rare Disease portfolio. For future Novo Nordisk pipeline products, responsible for developing methodologies and approaches for assessing the market landscape of new TAs and developing assumptions-based, but fact-grounded forecasts. Communicates realistic demand expectations in a clear, concise, transparent manner, and to all levels of the organization. Sets direction and drives continuous improvement of forecasting methodologies, tools, and core deliverables.

 

Relationships

Reports to Director in Finance & Supply Chain. Contributing member of the NNI Finance & Supply Chain department. Day to day interaction and collaboration with many areas of the business, including Sales Insights & Forecasting, Commercial Marketing, MAPA, Strategic Pricing, Product Supply, Finance Business Partners, Global Corporate Finance, Global Insights & Forecasting, and multiple teams within Commercial Insights & Analytics, IT, external vendors, 1 Direct Report.

 

Essential Functions

  • Pipeline Forecasting (NASH, Alzeheimer’s, CV)
    • Rare Disease Portfolio Forecasting
    • Ad Hoc Projects/Analyses
    • Pipeline Forecasting
    • Participate and help drive quant Market Research (with CI&A) to support forecasting of future product launches
    • Collaborate with Strategic Finance on existing data assets and ensure integration into upcoming Forecasting platforms
    • Develop and communicate the NNI AB (anchor budget) and RE (rolling estimate) forecasts for pipeline products
    • Develop ad hoc analysis tools to support Forecast
  • Rare Diseases Portfolio
    • Serve as Forecasting lead for Rare Diseases Portfolio
    • Help transition Rare Diseases into common Forecast platform with Diabetes & Obesity
    • Work closely Finance Business Partner for Rare Diseases and Direct report to build trends for current assets and model upcoming events that impact trend, gathering assumptions in collaboration with Finance BP from other departments in F&O plus Commercial
  • Ad Hoc Projects/Analyses
    • Executes delegated ad hoc projects independently, and ensures such projects are completed on schedule, within budget, per direction, and are internally consistent with group deliverable quality

 

Physical Requirements

0-10% overnight travel required.

 

Development of People

Ensure that reporting personnel have individual development plans (IDP), with annual goals and measurements that are consistent with the priorities of the business, and that interim reviews are held so that their work is focused on those priorities, and they understand their level of accountability for results and the measurement process. Ensure that the IDP forms include completed learning and aspiration plans and are in place for all reporting personnel to enable the achievement of goals and capability to assume increased levels of responsibility. Manage the application and communication of all Novo Nordisk policies, procedures, and Novo Nordisk Way.

 

Qualifications

  • Bachelor's degree from an accredited institution required. Degree in an analytical field (e.g. economics, business, finance, engineering, econometrics, or statistics) is preferred
  • Master's degree in analytical field (and/or MBA and/or CPA) preferred
  • 12+ years of relevant analytics, forecasting-related experience demonstrating a steady career progression with increasing roles of responsibility. Advanced degree or consulting experience may be substituted for 2 years of professional work experience
  • 8+ years of pharmaceutical forecasting/analytics and/or strategic consulting experience required. Advanced degree may be substituted for 2 years of related work experience
  • Strong project management skills required, with experience developing methodologies and approaches for new therapeutic areas preferred
  • Ability to effectively plan, prioritize and follow through in a timely manner as well as anticipate potential roadblocks required
  • Understanding of IQVIA data, including its scope, uses, and limitations preferred
  • Demonstrated analytical skills via MS Excel and presentation/communication skills via MS PowerPoint required
  • Prior Business Intelligence (BI) and Data visualization experience helpful but not required (Tableau, Qlik, Alteryx etc.)
  • Ability to effectively communicate insights to senior management teams, synthesize complex information, make it relevant, understandable and actionable for internal stakeholders required
  • Strong stakeholder management skills and ability to influence senior stakeholders required
  • Strong analytical, problem solving and quantitative analysis skills required
  • Strong collaborative and customer service skills required
  • Strong innovation and adaptability: must be able to identify better ways of doing things and work with others to improve methods and procedures; required
  • Commitment to the Novo Nordisk Way
  • Managerial experience (if applicable): Prior managerial experience is strongly preferred

 

We commit to an inclusive recruitment process and equality of opportunity for all our job applicants.

 

At Novo Nordisk we recognize that it is no longer good enough to aspire to be the best company in the world. We need to aspire to be the best company for the world and we know that this is only possible with talented employees with diverse perspectives, backgrounds and cultures. We are therefore committed to creating an inclusive culture that celebrates the diversity of our employees, the patients we serve and communities we operate in. Together, we’re life changing.

 

Novo Nordisk is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, ethnicity, color, religion, sex, gender identity, sexual orientation, national origin, disability, protected veteran status or any other characteristic protected by local, state or federal laws, rules or regulations.

 

Novo Nordisk requires all new hires to be fully vaccinated against COVID-19 prior to the first date of employment. As required by applicable law, Novo Nordisk will consider requests for reasonable accommodation.

 

If you are interested in applying to Novo Nordisk and need special assistance or an accommodation to apply, please call us at 1-855-411-5290. This contact is for accommodation requests only and cannot be used to inquire about the status of applications.