Sr Director, Finance (Division CFO) - FLC

About the role

This role requires a high-acuity strategic and operational finance leader with responsibility for accelerating the performance of a global, technology-driven, clinically essential medical devices division of Baxter. This is a capital equipment, connected devices, digital platforms, and cloud-based workflow solutions business, requiring mastery of device economics, software-enabled recurring revenue, and enterprise data systems.

Responsibilities

• Shape FLC’s multi-year strategy across monitoring, connectivity, analytics, and workflow solutions.
• Understand procedure drivers and consolidate market models.
• Partner with the division president as well as other cross functional leaders to pressure-test strategic assumptions, shape long-range financial, product, go-to-market and payment model strategies.
• Drive portfolio strategy to grow high-value modalities and rationalize underperforming areas.
• Develop market, competitive, and multi scenario financial models for long-horizon investments.
• Anticipate how near-term decisions will influence immediate as well as long-term customer and distributor behaviors, and guide the business toward sustainable growth and profitability.
• Accountable for stewarding the full P&L encompassing top-line growth, margin management, and financial planning cycles (e.g. AOP, rolling, LRP).
• Strengthen commercial execution in long-cycle capital equipment environments, indirect and direct channel management, overall go to market channel optimization.
• Continuously monitor and optimize reimbursement frameworks, pricing architecture, discounting, and tender economics with direct, indirect and Medicare/Medicaid and private insurer payment models.
• Benchmark against major competitors and integrate market insights into executive decision making to guide differentiation and increased value generation.
• Financial modeling for both organic and inorganic investments, including due diligence.
• Improve scalability, standardization, and lifecycle economics.
• Deliver gross-margin expansion through COGS reduction, footprint optimization, and supply-chain improvements.
• Closely monitor and manage sales, pricing, margin, credit management, and productivity funnels tied directly to P&L impact.
• Support multi-year capital heavy purchase cycles – drive improvement in tender economics, deal modelling/structuring, and customer financing scenarios.
• Drive working capital performance, including DSO, DPO, and inventory turns, with clear accountability, governance, and cross-functional execution.
• Serve as the primary strategic advisor to the FLC President and Baxter CFO, synthesizing complex clinical, operational, and financial signals into strategic insights/recommendations.
• Establish world-class forecasting, scenario planning, and KPI dashboards.
• Build advanced driver-based forecasting models spanning capital, accessory, service, and cloud connected revenue streams.
• Manage financial mix, pricing, and margin performance with rigor.
• Reconcile financial systems with commercial operations to ensure accurate forecasting, revenue recognition, and general cross-functional alignment.
• Influence high complexity, cross-functional initiatives across commercial, R&D, engineering, manufacturing, and corporate teams.
• Ensure robust controls across regulated device manufacturing and cybersecurity-sensitive platforms.
• Strengthen risk programs consistent with evolving global medical device industry standards.
• Ensure compliance with accounting policies and controls, including SOX controls.
• Timely completion of all internal and external audits requests, as well as timely remediation of any findings.
• Recruit, develop, and inspire high-performing talent/teams.
• Champion a culture of trust, respect, accountability, and empowerment with transparency, and analytical rigor.
• Build and lead a global finance team capable of supporting a hybrid hardware-plus-software device portfolio across multiple channels and payment models.

  Qualifications

  • Bachelor’s degree in Accounting or Finance.
  • Professional certification such as CPA is a plus.
  • 20+ years of experience in strategic finance and/or commercial role required.
  • Public accounting or related large public company experience a plus.
  • General knowledge of GAAP accounting principles, tax and legal accounting (Knowledge of acquisition accounting a plus).
  • Deep experience with capital equipment + consumables + software business models.
  • Experience in connected-device/cloud-integrated ecosystems and cybersecurity-impacted product lines.
  • Prior senior finance leadership roles in medical devices, healthcare technology, or digital health are an asset.
  • Demonstrated turnaround, restructuring, or portfolio-repositioning experience.
  • Exceptional business acumen and judgment as well as understanding of relevant business environments.
  • Strong negotiation, interpersonal communication, collaboration, and presentation skills.
  • Proven ability to lead multiple, competing priorities.
  • Track record of decisive leadership, with ability to generate ideas, develop alternatives, rapidly decide upon best course of action and drive implementation of that decision.
  • Strong executive presence with ability to influence/drive consensus cross-functionally and with diverse stakeholders.
  • Skilled at assembling and leading both direct as well as cross-functional teams as required.

    Skills

    • Strategic thinking and financial analysis.
    • Market research and competitive analysis.
    • Project management and organizational skills.
    • Leadership and team building.
    • Financial modeling and forecasting.
    • Regulatory compliance and risk management.
    • Collaboration and stakeholder engagement.
    • Technology and digital transformation.
    • Commercial and operational excellence.
    • Acquisition accounting and M&A integration.
    • Healthcare industry knowledge.
    • Financial reporting and analysis.
    • Business acumen and judgment.
    • Communication and presentation skills.
    • Decision-making and problem-solving.
    • Financial planning and budgeting.
    • Financial modeling and analysis.
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