Director of Finance

Baxter International Inc.; Saint Paul (MN); On-site; USD 176,000 - 242,000; Full time

Benefits offered by this job

Medical and dental coverage

401(k) Retirement Savings Plan

Employee Stock Purchase Plan

Paid time off ranging from 20 to 35 days

Flexible Spending Accounts

Job summary

Baxter International Inc. is seeking a Business Unit Finance Leader for its Respiratory Health and Cardiology divisions. This role includes full P&L responsibility for divisions exceeding $2 billion in revenue and requires demonstrating extensive financial acumen and experience.

The successful candidate will lead financial analysis, direct a team, and play a strategic role in decision-making. A bachelor's degree in accounting or finance is required, with preference for an MBA or CPA. Compensation offers a competitive salary range between $176,000 - $242,000 annually along with comprehensive benefits.

Qualifications

• 15+ years of experience in a finance leadership role, preferably in healthcare.
• Advanced knowledge of Third-Party Reimbursement.
• Skilled at managing cross-functional teams.

Responsibilities

• Lead financial planning and analysis activities for Respiratory Health and Cardiology.
• Influence strategy through finance expertise.
• Drive compliance with GAAP and internal controls.

Skills

Business Performance Management

Financial Analysis and Decision Support

Risk Management

Education

Bachelor's degree in Accounting, Finance or related field

MBA/CPA/CMA preferred

Job description

Role Summary

Business Unit Finance Leader for the Respiratory Health and Cardiology divisions of Baxter International. Full P&L responsibility for two high-growth divisions within Front Line Care with revenues exceeding $2670M and annual growth of 10%+ in $2B+ TAMs. Strategic business partner and advisor for Divisional Business Leaders. Directs the financial planning and analysis activities to drive improved business results in assigned divisions. This role is the critical subject matter expert in areas such as Third-Party Reimbursement, Planning/Forecasting, target setting, ROI and NPD financial modeling, reporting, and ensuring the business meets deliverables. Directs a team of managers that will assist with planning/reporting as well as finance ownership for the Respiratory Health and Cardiology divisions. For Cardiology, this role also directs the Controllership function including monthly close processes, financial systems and controls, and other accounting functions such as Accounts Payable, Accounts Receivable/Collections, Inventory Management, Tax Compliance, and Treasury. This role is recognized as strategic and influential in the business, with regular interactions with Division and Segment senior leadership.

What you’ll be doing

• Proactively lead the RH and Cardiology financial planning and analysis activities, including planning, forecasting, long-range planning, monthly operation reviews preparation, reporting, and analysis.
• Leads a strong team of Managers with focus on development and succession planning.
• Leads Finance workstream for M&A activity in both divisions, develops acquisition models, and leads finance due diligence for potential acquisitions
• Significantly influences the strategy of the assigned businesses through subject matter expertise and partnership with senior leaders in strategy development and deployment
• Builds models and leads analysis on third party reimbursement for both divisions to drive maximization of average selling price and billing yield.
• Partner with business leaders to lead the financial analysis and modeling of portfolio optimization initiatives, new product development decisions, and acquisition analysis including due diligence.
• Oversee the controllership function for the Cardiology division including month-end close, financial controls, ERP system management, accounts payable and receivable, inventory management, tax compliance, and treasury.
• Drive compliance with internal controls, Generally Accepted Accounting Principles (GAAP), SEC requirements, and Baxter Financial Policies and Procedures for all related entities and operations.
• Establishes policies and guidelines within third party reimbursement in areas such as, but limited to, Patient Financial Assistance, receivable write-offs, and asset transfers.
• Perform aspects of treasury operations including reviewing, approving, and releasing wires, ACH, and check payments in the banking systems.
• Provide forecasts for the S&OP process to drive appropriate inventory levels.
• Partner with Sales and Marketing leaders to provide guidance and approval on deal structure, contract and pricing decisions
• Lead and participate in teams to define, develop, finalize, recommend and execute implementation project plans as appropriate.
• Proactively focus on relevant business risks, lead appropriate risk assessments, and determine and drive implementation of mitigation plans.
• Builds strong teams through motivation, direction, holding individuals accountable and providing challenging work.
• Coaches and mentors individuals within and outside of team.

What you’ll bring

• Strong business acumen and judgment as well as understanding of relevant business environment.
• Advanced knowledge of Third-Party Reimbursement with full understanding of the complexities of the business model
• Ability to effectively influence and drive consensus with diverse stakeholders; demonstrated ability to manage multiple, competing priorities.
• Strong negotiation, interpersonal communication, collaboration, and presentation skills.
• Knowledge of GAAP accounting principles, tax and legal accounting (Knowledge of acquisition accounting a plus)
• Demonstrated ability to partner with senior leadership
• Skilled at assembling and managing both ongoing staff, Finance shared service center resources, as well as cross-functional teams as required
• Decisive leadership, with ability to generate ideas, develop alternatives, rapidly decide upon best course of action and drive implementation of that decision.

Key Finance Competencies

• Business Performance Management
• Financial Analysis and Decision Support
• Business Process and Data Management
• Risk Management

Qualifications & Experience

• Bachelor's degree in Accounting, Finance or related field (or country equivalent).
• MBA/CPA/CMA preferred.
• Demonstration of key finance competencies and qualifications and typically 15+ years of experience.
• Proven experience in the healthcare industry, preferably in a leadership role

Compensation

At Baxter, we are committed to equitable pay for all employees, and we strive to be more transparent with our pay practices. The estimated base salary for this position is $176,000 - 242,000 annually. The estimated range is meant to reflect an anticipated salary range for the position. We may pay more or less than of the anticipated range based upon market data and other factors, all of which are subject to change. Individual pay is based upon location, skills and expertise, experience, and other relevant factors. This position may also be eligible for discretionary bonuses, commission, and/or long-term incentive. For questions about this, our pay philosophy, and available benefits, please speak to the recruiter if you decide to apply and are selected for an interview.

US Benefits at Baxter (except for Puerto Rico)

Benefits include medical and dental coverage that start on day one, as well as insurance coverage for basic life, accident, short-term and long-term disability, and business travel accident insurance. Financial and retirement benefits include the Employee Stock Purchase Plan (ESPP), with the ability to purchase company stock at a discount, and the 401(k) Retirement Savings Plan (RSP), with options for employee contributions and company matching. We also offer Flexible Spending Accounts, educational assistance programs, and time-off benefits such as paid holidays, paid time off ranging from 20 to 35 days based on length of service, family and medical leaves of absence, and paid parental leave. Additional benefits include commuting benefits, the Employee Discount Program, the Employee Assistance Program (EAP), and childcare benefits. Join us and enjoy the competitive compensation and benefits we offer to our employees.

Equal Employment Opportunity

Baxter is an equal opportunity employer. Baxter evaluates qualified applicants without regard to race, color, religion, gender, national origin, age, sexual orientation, gender identity or expression, protected veteran status, disability/handicap status or any other legally protected characteristic.

Reasonable Accommodations

Baxter is committed to working with and providing reasonable accommodations to individuals with disabilities globally. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the application or interview process, please click on the link here and let us know the nature of your request along with your contact information.

Recruitment Fraud Notice

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