The Sr. Manager of Lab Equipment finance is responsible for driving financial insights and accountability across the $1.0B Lab Equipment businesses (CTT, GPS, WLP). This role has overall stewardship of the financial scorecard inclusive of P&L Measured Cash Flow (MCF) in partnership with the Sr Director, Finance of Lab Equipment and the supporting direct and indirect staff. This role is responsible for identifying and driving the levers of gross margin (net productivity vs volume/mix), AR and Inventory for the Lab Equipment businesses.
Primary Job Responsibilities:
Any or all of the following will be included in the scope of this position depending on the individual selected and the balance of work needed.
Continue to evolve business reporting providing insight to the BU teams allowing for decisions to be made based on sound financial data
Lead STRAP/AOP process for Lab Equipment business by coordinating with BU's, regional commercial teams and Operations to ensure alignment and achievement of financial targets
Partner with the finance leaders and VP/GMs of CTT, GPS, WLP in driving margin expansion by driving a more profitable mix of products. Continually develop enhanced analytics for the business
Partner with the Operations Finance teams to explain and forecast Gross Margin for the Lab Equipment P&L
Provide monthly review and analytics of overall performance at entity level for Lab Equipment
Lead the completion of the monthly/quarterly business review deck
Drive meaningful analytics and reporting on revenue by working closely with sales operations and commercial leadership
Drive reporting, forecasting and accountability processes for Gross Margin (Price, Volume Mix, Net Productivity), AR and Inventory.
For Gross Margin, aligns with the Operations team on Net Productivity and works with the BU teams to drive product mix
For MCF, set AR targets in alignment with site Controllers and Commercial leads. Support SIOP in managing global inventory by enforcing operations and commercial ownership of inventory.
Enforce business case discipline within the stage gate processes
Manage 2 direct reports responsible for providing data and analysis on the Lab Equipment business performance
The successful candidate is personable, highly ethical and thrives in a collaborative environment.
He/she has excellent proactive communication capabilities, identifying and addressing issues via candid dialogue
Track record of developing high levels of credibility and forging solid and positive professional relationships with subordinates, peers and upper management and can operate effectively in a matrix reporting structure
Strong understanding of the interdependencies of the customer fulfilment, inventory, and manufacturing volumes
Possess strong leadership and team building skills
Exceptional analytical, problem solving and critical thinking skills
Self-motivated with high bias for action and accountability
High level of energy; can bring a passion to excel. Able to energize and influence a wide spectrum of people, including senior financial and operations professionals.
Ability to balance priorities and thrive in a complex global business environment
Drives a culture of accountability
An undergraduate degree in Business, Finance, or Accounting is required; an MBA or CPA is preferred
An ideal candidate will possess excellent academic credentials and a strong aptitude in financial analysis
Experience in the Life Sciences industry is desired
Experience in a global manufacturing organization is desired
Strong knowledge of Excel (i.e., financial models and analysis), Cognos reporting tool (or equivalent), PowerPoint, and Hyperion is preferred
The successful candidate should expect travel of 5% - 10%
Thermo Fisher Scientific Inc.