Job Description

This is a temporary contractor opportunity at Novartis

Novartis touches the lives of a tenth of the world’s population. Every role here, regardless of contract type, makes an impact on human life!

Novartis partners with external managed service provider Magnit Global to offer engaging temporary contractor opportunities like this, to those who are looking for flexibility in their career while looking to gain new skills and experiences providing services to an inclusive global medicines company. Click here to learn more about Magnit 

Ready to work with/through Magnit at Novartis? Please read on...

Job Purpose:

The Cash Management Specialist is in charge of the optimization of cash position to ensure maintenance of adequate liquidity while also managing payments, receipts and financial risk effectively for Novartis Group entities. This role also safeguards the Bank Accounting and Reconciliation process to ensure adequate accounting entries, closing and reporting. He/She is managing the cash forecasting activities, establishing and coordinating data collection with key stakeholders in NGSC and in countries. This role is also managing performance analysis, banking set-up, controlling of bank operations and all TCM relevant master data, enabling effective and efficient TCM processes. He/She is ensuring coordination of activities with In-House-Bank (IHB) and Group Treasury; in addition, the Cash Management Specialist provides regular and timely reporting to support NBS to enable improved performance, compliance and cost reduction.

The Cash Management Specialist supports the Novartis NGSC TCM Cash Management processes, enabling the execution of quality services. This role ensures having systems, documentation, compliance and reporting in place and supports continuous improvement projects to provide highly effective and efficient end-to-end processes to the Novartis divisions.

The position requires a self-driven, diligent, hard-working individual with knowledge and experience in Treasury. The role entails the provision of services within the scope of TCM Cash and Banking Management. The position requires a creative, diligent, hard-working individual with knowledge and experience in Treasury driving outstanding customer service and operational efficiency.

• Act as a single point of contact for any unresolved inquiries for assigned scope of responsibilities.
• Drive initiatives to improve accuracy of the short-term cash forecast.
• Continuous and close monitoring of closing balances, statements, limits, overdrafts facilities.

Timely performance of Novartis internal controls relevant to cash management day-to-day activities:

• Establish an effective forecasting data collection process and control mechanisms.
• Assist internal customers to understand all benefits of an optimized cash management operation.
• Coordinate with stakeholders, ongoing analysis of requirements and design of appropriate Cash Management structures and Banking landscape.
• Manage, review and control the daily forecasting process in coordination with the relevant stakeholders in NGSC and in countries.
• Review and controls bank/IHB charges, fees and conditions on a periodic basis.
• Manage and ensure quality of TCM master data maintenance.
• Support bank account life cycle, systems (e-banking, ERP, TMS), approval workflow and related cash management guidelines in coordination with Group Treasury.
• Support continuous improvement of services in quality and effectiveness in close collaboration with line manager, peers and NGSC process streams.
• Support troubleshooting of existing problems and provides respective permanent solutions.
• Provide assistance and support for incoming queries and issues related to cash management processes and system solutions.
• Coordinate with local entities, NGSC and outsourcing partners all relevant activities to provide seamless service.
• Ensure smooth project management and support systems implementation.
• Ensure all processes, policies and procedures are clearly defined, fully documented, in line with Novartis standards and consistent with best practices.
• Actively seeking innovation, embracing and deploying new technologies and unceasingly aiming for automation and simplicity.
• Timely performance of Novartis internal controls relevant to Cash Management and Bank Reconciliation.
• Proactively challenge the status quo and comes up with making fact-based recommendations to drive continuous improvement.
• Ensure compliance with Novartis Accounting Manual (NAM), Novartis Financial Controls Manual (NFCM) and regulatory requirements.
• Promote a strong and controlled environment, follow up on audit issues and support the implementation of correcting measures.
• Actively support the NGSC working style by being inclusive, proactive, respectful, and results driven in alignment with Novartis values and behaviors.

Ideal Background:

Education:

• University level degree in Business Administration/ Economics/Finance or IT related fields.

Languages:

• Fluent in English both written and spoken, excellent communication skills.
• Other languages are a plus.

Experience:

• 3+ years of relevant experience, with good functional exposure to Treasury and Cash Management processes. Accounting and reporting experience is a plus.
• In-depth knowledge of Treasury processes and system solutions.
• SAP knowledge: experience with SAP FI and Business Warehouse.
• Conceptual thinking and ability to align specific functional requirements with the overall Treasury & Cash Management strategy.
• Demonstrated ability to work effectively in a multi-national organization.
• Previous experience within financial shared service centers desirable.
• Previous experience working in projects to drive performance improvements (e.g. ERP implementation) is a plus.
• Detail oriented, professional attitude, reliable and team player.

Workload: 40 hours per week
Role type: Hybrid

Why Novartis: Our purpose is to reimagine medicine to improve and extend people’s lives and our vision is to become the most valued and trusted medicines company in the world. How can we achieve this? With our people. It is our associates that drive us each day to reach our ambitions. Be a part of this mission and join us! Learn more here: 

Commitment to Diversity and Inclusion / EEO: Novartis is committed to building an outstanding, inclusive work environment and diverse teams representative of the patients and communities we serve.

Join our Novartis Network: If this role is not suitable to your experience or career goals but you wish to stay connected to hear more about Novartis and our career opportunities, join the Novartis Network here:

Accommodation: If you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please direct your inquiries to Magnit at directsourceproteam@prounlimited.com

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