Director, Finance

About the role

This is where your work makes a difference. At Baxter, we believe every person—regardless of who they are or where they are from—deserves a chance to live a healthy life. It was our founding belief in 1931 and continues to be our guiding principle. We are redefining healthcare delivery to make a greater impact today, tomorrow, and beyond. Our Baxter colleagues are united by our Mission to Save and Sustain Lives. Together, our community is driven by a culture of courage, trust, and collaboration. Every individual is empowered to take ownership and make a meaningful impact. We strive for efficient and effective operations, and we hold each other accountable for delivering exceptional results. Here, you will find more than just a job—you will find purpose and pride.

Responsibilities

• 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.

Qualifications & Experience

• 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

Pay

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.

Benefits

At Baxter (except For Puerto Rico), this is where your well-being matters. 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.