Finance Director
Resume:
Kwame Boateng
* ********* ****, ************, ** 07840
************@*****.***
http://www.linkedin.com/in/kwameboateng
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SUMMARY OF QUALIFICATIONS
Performance driven pharmaceutical finance executive, with extensive commercial, strategic planning, and marketing experience. Expertise in building and optimizing organizational processes. Proven capability in transforming strategic plans into workable solutions and benchmarking against key operational targets. Highly effective communicator and flexible decision maker focused on developing strong business partnering relationships with internal and external customers.
PROFESSIONAL EXPERIENCE
DSPA / SUNOVION PHARMACEUTICALS 2008 -- 2011
Marketing Director - Sunovion Pharmaceuticals, Marlborough, MA (2010 – 2011)
Optimized the tactical implementation of the Latuda brand’s strategic tactics (Atypical antipsychotic drug, launched in February, 2011).
• Led and managed all business, strategic and financial analysis for the launch of Latuda. Lead member of the Latuda marketing brand launch team.
• Transformed brand team’s strategy into an executable tactical grid and monitored financial performance of the Latuda brand’s strategic tactics.
• Prepared annual Latuda brand budget and quarterly forecasts and monitored the brand’s promotional expense to ensure brand profitability.
• Designated brand liaison responsible for developing and maintaining cross-functional relationships with key operational business partners across the organization to define complex issues in a straightforward manner and build consensus around brand related decisions.
Controller/Finance Director - Dainippon Sumitomo Phama America, Inc. (DSPA), Fort Lee, NJ (2008 – 2010)
Direct financial liaison to the CEO and the Vice President of Operations, providing financial and business analysis as well as portfolio level insights that guided strategic business decisions. Built and managed a team of 11 Finance, Accounting and Purchasing professionals, to support five therapeutic areas as well as all operational support functions. Ensured that the finance team developed and maintained strong business partnerships with customer base while maintaining their independent role as the financial conscience of the organization.
• Managed the overall budget planning process, consolidation and trade-off decisions for over $138M in the areas of Phase I through Phase III clinical studies and over $60M in operational / marketing expense.
• Established DSPA’s Finance, Accounting and Purchasing departments through talent acquisition and recruitment.
• Led a mission critical redesign and reimplementation of the organization’s ERP system (SAP/B1), resulting in a 60% improvement in process capability for Accounting, Finance and Purchasing.
• Successfully completed the first official DSPA Financial Statement Audit by KPMG and received an unqualified opinion for fiscal year 2008.
• Partnered with department heads / budget owners of IT and Facilities departments to control cost by strategically sourcing organizational operational spend. Achieved IT cost avoidance of 14% (software licenses, computer hardware / accessories cost) by reviewing past purchase trends/spend analytics and identifying competitive new sources of supply.
• Led a team of key Finance, Accounting and Purchasing professionals charged with executing the successful and timely integration of the DSPA / Sepracor, Finance, Accounting and Purchasing functions. Achieved flawless integration ahead of schedule.
• Key change leader during the integration process. Influenced and guided the way business decisions were made across the newly merged organization by clarifying, defining and implementing sound business processes.
• Developed and maintained cross-functional relationships with key business partners across the newly merged organization.
ROCHE, Nutley, NJ 2000 -- 2008
Project Manager Business Planning - Market Analytics & Business Strategy, (2006 – 2008)
Managed and coordinated the Roche US affiliate’s medium and long term business planning process which included the 10-year Business Plan, Quarterly Senior Management Financial Reviews, Annual Strategy Sessions (POAs) and Annual Operational plans. Experience presenting strategic options and recommendations to senior management
• Clearly synthesized data to provide the executive leadership team with portfolio level insights that facilitated strategic business decisions and value creation.
• Designed, developed and implemented the annual Operational Plan document and Operational Plan Presentations.
• Created and institutionalized the annual Plan of Action (POA) briefing document and the POA roll up presentation as part of a process improvement work stream, resulting in a 25% increase in effectiveness and efficiency of the annual strategy and resource allocation process.
• Limited product assessment experience focused on the evaluation and reevaluation of inline products.
• Limited experience in identifying alternative strategies, quantifying risks, and forecasting product sales and profits
under various scenarios.
Senior Financial Analyst – Commercial Operations Finance, (2004 – 2006)
Managed all brand related business, strategic and financial analysis for executive leadership and various brand teams.
• Developed, implemented and drove the financial planning process for marketing brand team’s annual budgets, quarterly estimates and strategic outlook.
• Performed ad-hoc OPAC, NPV, and sensitivity analyses for strategic marketing decisions and potential promotional programs to determine the long term cost / benefit analysis.
• Monitored and reported on financial performance of the strategic tactics developed by the marketing brand teams.
• Managed marketing brand teams’ budgets and forecasts, and identified and explained expense variances.
• Periodically assessed the profitability and conducted valuation scenarios for various Roche non-promoted products slated for divestiture.
• Designed, developed and implemented a standardized tactical grid for all Marketing brand teams.
• Finance lead of Roche’s Strategic Business Planning Team, which produced the annual Roche 10 Year business plan.
Senior Business Analyst - Order Fulfillment Organization, (2002 – 2004)
Managed and coordinated the efficient and effective operation of Hoffman-La Roche’s returns process.
• Developed analytical tools and provided Senior Management with finance and business related analysis for the department.
• Worked directly with Order Fulfillment teams to identify and mitigate business risks in the “order to cash process”.
• Designed and implemented a score card and Key Performance Indicators to evaluate the processing of Roche’s returns by a third party vendor.
• Redesigned and implemented Roche’s new indirect customer returns refund process.
• Implemented the Sales Activity Module and the notification functionality of the Order Fulfillment Organization’s internal sales order tracking application – Track Wise.
• Ensured efficient coordination between senior management, brand teams, wholesalers and 3rd party returns processor during product recalls.
Internal Auditor – Corporate Audit, (2001 – 2002)
Member of Roche’s global internal audit team, which executed business process audits and enabled senior management to identify and mitigate operational risks.
Financial Analyst (Team Lead) – Pharma Operations Finance, (2000 – 2001)
Managed the IT department’s budgeting and telecommunications (Voice & Data) chargeback processes. Provided the department’s senior leadership and the CFO with IT related strategic & financial analysis and reports
• Ensured the efficient and effective operation of the Information Technology Department (IT) annual budgeting process with a yearly budget of over US$60 million.
• Managed the Information Technology department’s monthly and annual closing process.
• Created and maintained the monthly IT finance monthly reporting package.
• Provided monthly, quarterly and annual financial performance reviews and analysis.
• Ensured the efficient and effective operation of Hoffman-La Roche’s IT telecommunications (Voice & Data) chargeback process for the Nutley Campus and provided answers to any inquiries from IT’s clients about IT assessments and charge outs.
ACADEMIC BACKGROUND
Seton Hall University South Orange, NJ
Masters Degree, Strategic Communication and Leadership
Boston University Boston, MA
Masters Degree, Finance
University of Freiburg Freiburg, Germany
Masters and Bachelors Degrees, Economics and Business Administration
ADDITIONAL INFORMATION
Languages: Fluent in German and French.
Professional Certificates: American Management Association Certificate in Project Management,
Columbia Business School: Certificate in Business Excellence – In Progress
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