Director of Finance

Baxter; Deerfield (IL); On-site; USD 176,000 - 242,000; Full time

Benefits offered by this job

Health and dental coverage

401(k) with company match

Employee stock purchase plan (ESPP)

Job summary

Baxter is seeking a Business Unit Finance Leader for the Respiratory Health and Cardiology divisions in the United States. This role carries full P&L ownership for two high-growth units with combined revenues over $400M and rapid 10%+ annual growth in multi-$2B TAMs.

Responsibilities include leading planning/forecasting, partnering with divisional leaders, guiding deal structures, pricing decisions, and executing portfolio optimization initiatives.

Qualifications

• Bachelor's degree in Accounting, Finance or related field (or country equivalent).
• MBA/CPA/CMA preferred.

Responsibilities

• Lead RH and Cardiology financial planning, forecasting, and performance reviews.
• Direct a Managers team; focus on development and succession planning.
• Lead finance workstream for M&A due diligence and acquisition modeling.
• Influence strategy with senior leaders and drive portfolio optimization decisions.
• Model third-party reimbursement to maximize ASP and billing yield.
• Oversee controllership, month-end close, tax compliance, and treasury.

Skills

Business acumen

Third-Party Reimbursement

Influence & consensus-building

Negotiation & presentation

GAAP, tax, legal accounting

Senior leadership partnership

Team leadership & development

Decision making & initiative

Education

Bachelor's in Accounting/Finance or related

MBA/CPA/CMA preferred

Tools

ERP systems

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 $400M 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

Baxter is committed to supporting the needs for flexibility in the workplace. We do so through our flexible workplace policy which includes a required minimum number of days a week onsite. This policy provides the benefits of connecting and collaborating in-person in support of our Mission. The flexible workplace policy is subject to local laws and legal requirements.At its discretion, Baxter may decide to adjust, suspend, or discontinue as business needs change.

We understand compensation is an important factor as you consider the next step in your career.

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 on 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.

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time.

US Benefits at Baxter (except for Puerto Rico)

Baxter offers comprehensive compensation and benefits packages for eligible roles. Our health and well-being 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. For additional information regarding Baxter US Benefits, please speak with your recruiter or visit our Benefits site: Benefits | Baxter

For further information, and to apply, please visit our website via the “Apply” button below.