Executive Finance Manager - PCS, Monitoring Solutions
GE Healthcare
Job Description Summary
The Executive Finance Manager for Monitoring Solutions is responsible for providing strategic P&L and operational finance leadership to the businesses. The role will serve as business partner to the operating team to drive business initiatives & strategies, investment trade-offs, with an overall objective to drive global growth and profitability. Monitoring Solutions is a $1.3B global business that enables hospitals to monitor patient status (ECG, SpO2 , gases, BP, metabolics, EEG, other) in wards, ICUs, and ORs. The portfolio includes capital equipment, consumables, and services.
Job Description
Role Summary/Purpose
The Executive Finance Manager for Monitoring Solutions is responsible for providing strategic P&L and operational finance leadership to the Monitoring Solutions sub-segment and lead BD Finance for total PCS. The role will serve as business partner to the operating team to drive business initiatives & strategies, investment trade-offs, with an overall objective to drive global growth and profitability. Monitoring Solutions is a $1.3B global business that enables hospitals to monitor patient status (ECG, SpO2 , gases, BP, metabolics, EEG, other) in wards, ICUs, and ORs. The portfolio includes capital equipment, consumables, and services. In addition to supporting the Monitoring Solutions portfolio, this role also will support the PCS CEO/CFO directly on M&A strategy and due diligence.
Responsibilities
- Establish long term strategy plans, operating plan, forecast for the business and help deliver financials and segment growth globally.
- Partner with regions and operations to prioritize between New Product Introductions (NPI) & Installed Base (IB) projects, manage product cost spend, and identify cost productivity through all operational levers
- Coordinate with regions to maintain pricing discipline and track NPI performance.
- Support Business Development around partnerships, acquisitions, and external agreements
- Work with manufacturing plants and Sourcing, in managing M6 (end of life) for the products and minimize on parts obsolescence. Manage phase-in & phase-out of products working with regions and communicate back to plants and sourcing to avoid excess inventory and drive margin accretion.
- Manage segment inventory and P&E cash spend
- Develop reporting packages and presentations for monthly and quarterly senior leadership operation reviews / town halls inclusive of complete P&L understanding and action planning associated with known gaps and opportunities
- Educate product managers on usage of reporting tools (ie PowerBI) and help drive product pricing and product structure simplifications
- Lead cross-functional projects to drive simplification throughout the organization and to improve rigor while reducing costs & improving compliance and simplification
- Ensure compliance and controllership across financial transactions and ensure 100% account recs with no Schedule II's
- Support PCS CEO/CFO directly in Business Development around partnerships, acquisitions, and external agreements. Responsible for leading financial due-diligence reviews. Partner with Corporate BD team to support deal models/deal reviews.
- Lead finance specific integration/divestiture efforts for all completed M&A projects
- Build organizational culture and develop people
Qualifications/Requirements
- Bachelor’s degree in Accounting, Finance, Business Administration or similar concentration
- A minimum of 10 years’ financial work experience, in increasingly more responsible positions
- Experience in finance roles at multi-national health care companies
- Experience leading in a global business environment; minimum of five years’ experience leading team members
- Experience in M&A financial due diligence
- Experience with financial systems/applications (i.e.: Oracle, SAP, Hyperion, Business Objects, etc.), strong Excel skills in data compilation and aggregation (i.e. pivot tables, VLookup, and Macros)
- Excellent communication skills: experience working across multiple levels, functions and regions; ability to clearly communicate complex financial information in an easy to understand manner both verbally and in writing
- Integrity: Accepting and adhering to high moral, ethical, and personal values in decisions, communications, actions, and when dealing with others
Desired Characteristics
- Strong analytical skills: ability to clearly link financial results to operational performance drivers, generate alternatives and drive positive change
- Sound understanding of global process and transactional flows
- Clear thinking/problem solving: successfully led projects/process improvements within operations/finance functions; ability to quickly grasp new ideas
- Adaptable/Flexible: open to change in response to new information, different or unexpected circumstances, and/or to work in ambiguous situations
- Confidence/Assertiveness: strong influencing skills across business functions; confidence to approach business leaders with difficult messages and defend position
- Experience working in a matrixed environment
Additional Job Description
Additional Information
Compensation Grade
EB
GE HealthCare offers a great work environment, professional development, challenging careers, and competitive compensation. GE HealthCare is an Equal Opportunities Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.
GE HealthCare will only employ those who are legally authorized to work in the United States for this opening.
While GE HealthCare does not currently require U.S. employees to be vaccinated against COVID-19, some GE HealthCare customers have vaccination mandates that may apply to certain GE HealthCare employees.
Relocation Assistance Provided: No