Senior Finance Manager, Strategic Pricing
At Johnson & Johnson, we believe health is everything. Our strength in healthcare innovation empowers us to build a world where complex diseases are prevented, treated, and cured, where treatments are smarter and less invasive, and solutions are personal. Through our expertise in Innovative Medicine and MedTech, we are uniquely positioned to innovate across the full spectrum of healthcare solutions today to deliver the breakthroughs of tomorrow, and profoundly impact health for humanity.
DePuy Synthes is recruiting for a Senior Finance Manager to support our Commercial Excellence Group. The role can be based in Raynham, MA, West Chester, PA, Raritan, NJ, or Palm Beach Gardens, FL. Johnson & Johnson announced plans to separate our Orthopaedics business to establish a standalone orthopaedics company, operating as DePuy Synthes. The process of the planned separation is anticipated to be completed within 18 to 24 months. Should you accept this position, it is anticipated that, following conclusion of the transaction, you would be an employee of DePuy Synthes.
DePuy Synthes, part of the Johnson & Johnson Medical Devices Companies, provides one of the most comprehensive orthopedics portfolios in the world. DePuy Synthes solutions, in specialties including joint reconstruction, trauma, craniomaxillofacial, spinal surgery and sports medicine, are designed to advance patient care while delivering clinical and economic value to health care systems worldwide.
About the role
The Senior Finance Manager will be responsible for providing financial leadership by partnering with the Commercial Excellence and the US Strategic Customer Management Groups. This role will directly partner with Sales and Marketing leads, and their leadership teams, in driving top line growth and value creation while supporting critical business decisions that optimize resource utilization. In addition, this role will be critical in influencing customer pricing and strategy decisions as the finance vote on the cross-functional Contracting & Pricing Committee (CPC).
Responsibilities
- Provide financial support and analysis for DPS CPC and business contracting initiatives.
- Partner with DPS Commercial Leadership to develop new, innovative contract and pricing strategies.
- Oversee DPS price reporting and forecasting, as well as the rebate reserve for our $5B+ business.
- Oversee the financial review, analysis, and approval process for Capital deals requiring finance approval.
- Influence both the business & finance team to increase financial acumen and drive optimal business decision making.
- Understand financial implications from a Sales perspective as well as Gross Profit, Operating Expense, Contribution Margin, and key balance sheet drivers.
- Develop relationships with key stakeholders within the US Commercial, US Marketing Operations, Strategic Account Management, Franchise Finance teams, Supply Chain, Global Services, Internal Audit, and the Business Support COE.
- Oversee the business plan, forecasting cycles, and monthly and quarterly close activities for these platforms.
- Manage and lead a team of four direct reports.
- Develop key business insights and analytics to support business decision making.
- Provide oversight and leadership of the major forecasting cycles and quarter close in line with financial calendar.
- Challenge business assumptions, help to develop alternative scenarios or what-if analysis.
- Partner with the Strategic Account Management group, field sales organization and marketing to make critical customer and managed care organization pricing decisions to drive profitable growth.
- Build financial models, ROI analysis, and pro-forma analysis.
- Proactively manage top-line sales (including gross to net), gross profit, and bottom-line Contribution Margin.
- Develop strategies and recommendations to improve financial performance of the business.
- Lead, develop, and support talent development of Finance Professionals.
- Provide dashboard reporting to drive transparency around key financial performance metrics.
- Ensure a SOX-compliant environment.
- Foster a diverse and inclusive working environment where everyone feels like they belong.
Requirements
- A minimum of a Bachelor’s degree is required; Preferably in Finance or Accounting.
- MBA and/or CPA and/or CMA is preferred.
- A minimum of 5 years of financial experience is required.
- Strong Excel financial modeling skills, specifically demonstrating the ability to challenge business and market model assumptions is required.
- The ability to use PowerPoint to develop and effectively deliver key presentations to senior management is required.
- Strong ability to frame business results across all levels of the organization is required.
- Strong interpersonal skills, with demonstrated influencing skills and excellent verbal and written communications is required.
- Ability to think creatively and work in a team environment is required.
- This position may require up to 10% Domestic Travel.
Pay
The anticipated base pay range for this position is $122,000.00 - $212,750.00.
Benefits
Subject to the terms of their respective plans, employees are eligible to participate in the Company’s consolidated retirement plan (pension) and savings plan (401(k)).
- Vacation: 120 hours per calendar year
- Sick time: 40 hours per calendar year; for employees who reside in the State of Colorado – 48 hours per calendar year; for employees who reside in the State of Washington – 56 hours per calendar year
- Holiday pay, including Floating Holidays: 13 days per calendar year
- Work, Personal and Family Time: up to 40 hours per calendar year
- Parental Leave: 480 hours within one year of the birth/adoption/foster care of a child
- Bereavement Leave: 240 hours for an immediate family member; 40 hours for an extended family member per calendar year
- Caregiver Leave: 80 hours in a 52-week rolling period
- Volunteer Leave: 32 hours per calendar year
- Military Spouse Time-Off: 80 hours per calendar year