Job Abstract

Job Description

Position Description:

Director - Financial Planning & Analysis (FP&A),Research & Development Division IT / Chief Technology Office (CTO)

Key Responsibilities

IT Finance is a full service Financial Planning & Analysis Function to guide our Technology organization to invest in value creating capabilities to help our Company save and improve lives.

The Director Research & Development Division IT and Chief Technology Office (CTO) will support two key functions within Information Technology. 

This role supports the VP Research & Development Division IT and the Research & Development Division IT Leadership team.  The Company has prioritized Technology investment into Research & Development Division IT as a fundamental lever to help our Research & Development Division IT transform how they work, using cutting edge technology to discover, develop and register new medicines. Our Research & Development Division IT is driving major technology enabled transformation in our Research & Development Division IT spanning the LROP including Discovery, Clinical and Regulatory.

This role also supports the SVP of the Chief Technology Office (CTO) and the CTO leadership team.  CTO is on the forefront of developing new and re-usable platforms to supercharge technology development at our Company, including Generative AI, AI/ML, Hyper automation, Data and Analytics, Foundational Platforms and Architecture. 

Responsibilities of this role include:

Leadership & Partnership:

• Serve as a trusted advisor, and partner to the VP of Research & Development Division IT and SVP of CTO and their respective teams

• Support IT Financial Management transformation through Research & Development Division IT and CTO emerging from the Business of IT program, including evolution of the product model, workforce/resource management and demand management.

• Manage team of 4 Finance professionals

• Manages exceptions, removes barriers for teams, and ensures risk and compliance needs are being managed and remediated

Financial Planning & Analysis:

• Lead the development of Budget, LROP and Forecasts for CTO and Research & Development Division IT

• Facilitate trade-offs to ensure resources are allocated to the highest value programs

• Develop Integrated Business Cases for Technology investments in partnership with business stakeholders and Divisional Finance to articulate the value expectations of investments

Value Management Finance Leader:

• Lead and build our collective capability for Financial Evaluation in IT to define and quantify the value opportunities unlocked by technology investment, and the tracking mechanisms to ensure Value Pull through.

• Establish and manage the framework and playbook to scale across IT Finance team and IT Product Teams, partnering with Value Management lead in IT Strategy.

• Consult with teams on how to structure and scale Value Management approach within their initiatives.

Position Qualifications:

Education Minimum Requirement:

• Required: Bachelor’s Degree in Finance, business, information technology, management information systems or related discipline

• MBA Preferred

Required Experience and Skills:

• 5+ years in Finance, business operations, business strategy, investment management, or similar field

• Plan, lead and implement successful large-scale transformations in an ambiguous, fast paced environment, with multiple stakeholders and levels of leadership involved

• Strong analytical skills

• Apply knowledge of FE&A frameworks to define ROI, and align on value capture/realization

• Assess budget, cost optimization and cost driver analysis to provide meaningful insights for teams developing business cases and making investment decisions

• Ability to guide and influence interdisciplinary teams on Financial concepts and how that impacts Value Management

• Communicate financial and performance information to leadership and colleagues for both technical and non-technical audiences

• Demonstrated ability to act as strategic thought partner and trusted advisor to the business

• Skilled in data analysis platforms such as PowerBI

Preferred Experience and Skills:

• Work well in a matrixed organization and across global teams to drive alignment

• Demonstrate strong communicating and influencing abilities to ensure buy-in from leadership and the business

• Flex between high-level strategic thinking and tactical implementation

• Financial Evaluation or other Value Management experience

• Bring a unique perspective that reimagines current ways of working

NOTICE FOR INTERNAL APPLICANTS

In accordance with Managers' Policy - Job Posting and Employee Placement, all employees subject to this policy are required to have a minimum of twelve (12) months of service in current position prior to applying for open positions.

If you have been offered a separation benefits package, but have not yet reached your separation date and are offered a position within the salary and geographical parameters as set forth in the Summary Plan Description (SPD) of your separation package, then you are no longer eligible for your separation benefits package. To discuss in more detail, please contact your HRBP or Talent Acquisition Advisor.

Employees working in roles that the Company determines require routine collaboration with external stakeholders, such as customer-facing commercial, or research-based roles, will be expected to comply not only with Company policy but also with policies established by such external stakeholders (for example, a requirement to be vaccinated against COVID-19 in order to access a facility or meet with stakeholders).  Please understand that, as permitted by applicable law, if you have not been vaccinated against COVID-19 and an essential function of your job is to call on external stakeholders who require vaccination to enter their premises or engage in face-to-face meetings, then your employment may pose an undue burden to business operations, in which case you may not be offered employment, or your employment could be terminated. Please also note that, where permitted by applicable law, the Company reserves the right to require COVID-19 vaccinations for positions, such as in Global Employee Health, where the Company determines in its discretion that the nature of the role presents an increased risk of disease transmission.

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We are an Equal Opportunity Employer, committed to fostering an inclusive and diverse workplace.  All qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability status, or other applicable legally protected characteristics.  For more information about personal rights under the U.S. Equal Opportunity Employment laws, visit:

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U.S. Hybrid Work Model

Effective September 5, 2023, employees in office-based positions in the U.S. will be working a Hybrid work consisting of three total days on-site per week, generally Tuesday, Wednesday and either Monday or Thursday, although the specific days may vary by site or organization, with Friday designated as a remote-working day, unless business critical tasks require an on-site presence.  This Hybrid work model does not apply to, and daily in-person attendance is required for, field-based positions; facility-based, manufacturing-based, or research-based positions where the work to be performed is located at a Company site; positions covered by a collective-bargaining agreement (unless the agreement provides for hybrid work); or any other position for which the Company has determined the job requirements cannot be reasonably met working remotely. Please note, this Hybrid work model guidance also does not apply to roles that have been designated as “remote”.

Under New York State, Colorado State, Washington State, and California State law, the Company is required to provide a reasonable estimate of the salary range for this job. Final determinations with respect to salary will take into account a number of factors, which may include, but not be limited to the primary work location and the chosen candidate’s relevant skills, experience, and education.

Expected salary range:

Available benefits include bonus eligibility, long term incentive if applicable, health care and other insurance benefits (for employee and family), retirement benefits, paid holidays, vacation, and sick days. A summary of benefits is listed here.

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Merck & Co., Inc., Rahway, NJ, USA, also known as Merck Sharp & Dohme LLC, Rahway, NJ, USA, does not accept unsolicited assistance from search firms for employment opportunities. All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for this position will be deemed the sole property of our company.  No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre-existing agreement is in place. Where agency agreements are in place, introductions are position specific. Please, no phone calls or emails. 

Employee Status:

Relocation:

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Travel Requirements:

Flexible Work Arrangements:

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