About the Department At Novo Nordisk, our 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 Inc (NNI’s) short and long-term planning, Finance and Operations works closely with teams 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, 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 The Rotational Development Program (RDP) - Finance track is a two year program that provides a multi-disciplinary learning and development opportunity designed to provide the Senior Specialist with both depth and breadth of knowledge and practical experience in corporate finance and the pharmaceutical industry. Throughout the program the Senior Specialist will have the opportunity to interact with and present to senior level management.
The purpose of the position is to provide a graduate with that the opportunity to complete 3 rotations at NNI finance in the US and one finance rotation at our headquarters in Denmark. The US rotations will take place in relevant departments based on the graduate’s development needs, as well as organisational needs. The rotations will give the graduate experience within financial planning & analysis (FP&A), gross to net (G2N), and project management.
In FP&A the individual will participate in the target setting/forecast process for NNI financial goals, engage with non-finance stakeholders in budget tracking and spend management, and perform the monthly financial closing process for assigned areas. The individual will regularly update management as to current status vs. target and future expectations for responsibility areas through participation in the monthly closing meeting, regular meetings with stakeholders, and participation in the NNI forecasting process.
In the G2N group, the individual will assist in the modelling of volume and pricing forecasts for the entire product portfolio and in the presentation and communication of business and forecast results to stakeholders and senior management.
The International rotation will provide the incumbent a unique opportunity to gain valuable international work experience within the Finance organisation in Bagsværd, Denmark.
Relationships Reports to the rotational manager within specified department with program oversight by the RDP executive sponsor. Works closely with other members of that department and may directly support Vice Presidents (VPs) or Senior Directors on select assignment as well as key stakeholders in other functional areas. Associates are encouraged to build and sustain a network of Plainsboro and global colleagues to foster organisational understanding and visibility to future prospects.
External relationships include those with professional organisations and professional services vendors (e.g., ad agencies, consulting firms). Seeks mentoring from his/her manager for each rotation across the lifecycle of the program. The mentoring relationship is intended to supplement effective coaching, development and performance enhancement we expect from all managers in the organisation.
Exhibit a process improvement mindset, contribute to the development and improvement of assigned department in respect to processes, procedures, policies and internal/external compliance requirements
Complete and timely execution of all assignments by the Program Manager and/or Rotation Manager in line with annual plan of the organisation
Learn and develop throughout the program, with a focus on gaining an overview of the Novo Nordisk organisation (including general knowledge of the business, the products, the customers, and the competitors); particularly of the NNI Finance organisation and developing an understanding of the pharmaceutical industry in which Novo Nordisk operates
Ensure adherence to prescribed internal controls and documenting such adherence, as necessary, in conjunction with Sarbanes-Oxley or other compliance requirements
Effectively analyze and interpret data in order to clearly communicate operational performance trends, future outlook, and any resulting implications, required key actions, and/or strategic implications
Complete and transmit monthly financial statement reports, analytics, and commentary to local and Headquarter (HQ) management
Understand the Novo Nordisk Way with a focus on individual contribution to the Triple Bottom Line and incorporate these ideals into all actions and decision-making processes
Responsible for mastering and becoming expert in various financial systems such as Business Warehouse, Global Financial Planning, SAP R/3 and ESSBASE, as required
0-10% overnight travel required.
May require international travel.
A recent (i.e., within last 18 months) MBA, MS, or MA degree with a GPA of 3.5 or higher. Undergraduate/Graduate Finance, Accounting or Economics concentrations preferred
Ability to assist in leading a project in the development and implementation of processes and programs
Ability to function in a project leadership role
Intermediate knowledge of Microsoft Excel, PowerPoint, Word, and a variety of additional technology applications (e.g., SAP)
Proven leadership skills with a track record of success and the ability to demonstrate initiative and think creatively
Strong communication and interpersonal skills
Strong project management skills
The ability to adapt to new marketplaces and environments as dictated by the business
Three years of experience in a business environment, including internships