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Careers that Change Lives
The Sr. Director Finance, Diabetes and Operations will report directly to the Diabetes CFO. This key leader oversees the matrix partnership between Diabetes OU and GOSC and acts as a key strategic advisor to the Diabetes VP Operations and works closely with the GSOC finance team and functional leaders. This leader will sit on both the Diabetes Finance and Operations Leadership Teams and will participate in developing and executing the strategic plan and associated imperatives to drive and sustain gross margin improvements.
The ideal candidate will possess broad-minded business acumen to provide strategic and transformational leadership to impact the business beyond the finance function. He/she must be able to effectively lead and represent the business as needed and engage other leaders to achieve strategic and financial goals. The Director of Finance will be responsible for leading the annual strategic and operating planning processes and for directing the control of financial plans and forecasts for the gross margin.
Partner with Diabetes VP Operations to achieve strategic and financial goals of the Diabetes. Identify key drivers of margin improvement and effectively forecast. Partner with VP/Director in GOSC Finance team to develop a mechanism to create capacity plans for key product lines. Create actionable plans to address inventory goals for Diabetes OU.
You will be required to work on-site at our Northridge, California location three (3) days per week. This on-site presence is crucial to fostering collaboration and maintaining a strong connection with our team and the workplace environment. Your direct manager will be your point of contact to help you navigate and ensure a seamless integration into our workplace culture. Your manager will be available to connect.
with you on your on-site days, providing guidance, support, and facilitating your successful transition
into your role. Travel is required for this role.
Medtronic Diabetes Business Overview:
The Diabetes Operating Unit focuses on improving the lives of those within the global diabetes community. As a business, we strive to empower people with diabetes to live life on their terms by delivering innovation that truly matters and providing support in the ways they need it. We’re committed to meeting people with diabetes where they are in their journey, always with an aim to make their lives easier. Our portfolio of innovative solutions are designed to provide customers greater freedom and better health, helping them achieve better glucose control, while spending less time managing their disease.
Click here (https://www.medtronicdiabetes.com/home) to learn more about products.
A Day in the Life:
Serves as the key business partner to the VP Diabetes Operations, VP/CFO GOSC and partner closely with the GOSC Finance Director for Diabetes
Collaborates with the Diabetes Finance teams to provide the right level of business partnership to the GOSC and Diabetes Business Unit.
Communicates operating priorities, outlooks and results with various stakeholders.
Aligns financial policies and procedures with company objectives.
Accountable for final operational decisions affecting business activities.
Business Partnership role in making investment prioritization trade-off decisions with headcount, capital, supply chain and acquisition opportunities.
Manages the activities of the financial analysis staff, developing insightful business analytics that drive business growth, operational efficiency, and effective working capital, FCF, and ROIC management.
Leads a team that may support other functions in addition to operations. Determines talent strategies, develops management team. Supports talent management initiatives within the broader finance team. Contributes to building a pipeline of talent for future leadership roles.
Provides leadership in driving business unit and department adherence to approved budgets.
Balances financial perspective with other business function perspectives.
Ensures the business quality policy/system is planned, understood, implemented and maintained in the business.
Participates in periodic management reviews of the quality system to ensure overall compliance as well as that appropriate resources are available to effectively maintain the business’ quality system (people, facilities, tools, and training).
Partners with VP Ops, Diabetes to develop capacity plans for key product lines.
Develops and executes strategy that ensures continuous improvement of finance processes and systems.
Facilitates the development of plans to deliver 5% of more cost down annually.
Must Have: Minimum Requirements: To be considered for this role, please ensure the minimum requirements are evident on your resume:
Bachelors degree in Accounting, Finance, Business, Manufacturing Finance or related field.
Minimum of 15 years of experience in strategic planning, operations management, process improvement, and/or transformational leadership, 10+ years of managerial experience OR an advanced degree with 13 years of experience with 10+ years of managerial experience
Nice to Have (Preferred Qualifications):
Cost accounting experience
MBA
Strong oral and written communication skills with the ability to “tell the story” in a relevant and succinct manner
Strong collaboration, working in a matrix, and business partnership skills.
Working knowledge of accounting principles and regulations and financial analysis techniques
Experience leading lead people and achieving results through others.
Experience and success working with others across in a matrix environment ie. Finance function, business unit, Global Operations and Supply Chain COEs and Enterprise partners.
Experience consolidating financial results in a complex, matrixed multi-currency environment.
Working knowledge and understanding of Medtronic worldwide policies and procedures
Strong customer orientation
Ability to organize and manage multiple priorities
Problem analysis and resolution at both a strategic and functional level
Strategic visionary with sound technical skills, analytical ability, good judgment and strong operational focus
Extensive experience in a business unit area
Experience interacting with the Executive Committee
Broad mindset keeping the goals of the business unit (Diabetes) and enterprise (Medtronic) mind in decision making and approach.
Travel is required 10-20%
ABOUT MEDTRONIC:
Together, we can change healthcare worldwide. At Medtronic, we push the limits of what technology, therapies and services can do to help alleviate pain, restore health and extend life. We challenge ourselves and each other to make tomorrow better than yesterday. It is what makes this an exciting and rewarding place to be. We want to accelerate and advance our ability to create meaningful innovations - but we will only succeed with the right people on our team. Let’s work together to address universal healthcare needs and improve patients’ lives. Help us shape the future.
PHYSICAL JOB REQUIREMENTS:
The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. For Office Roles: While performing the duties of this job, the employee is regularly required to be independently mobile. The employee is also required to interact with a computer and communicate with peers and co-workers. Contact your manager or local HR to understand the Work Conditions and Physical requirements that may be specific to each role. (ADA-United States of America). A commitment to our employees lives at the core of our values. We recognize their contributions. They share in the success they help to create. We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage. Learn more about our benefits here (https://www3.benefitsolver.com/benefits/BenefitSolverView?page_name=signon&co_num=30601&co_affid=medtronic) . In addition to Base Salary, this position is eligible for a short-term incentive plan, which provides the opportunity to earn significant incentive compensation for achieving or exceeding your goals.
This position is eligible for an annual long-term incentive plan. Learn more about Medtronic Long-Term Incentive Plan (LTIP) here . The provided base salary range is used nationally in the United States (except in Puerto Rico and certain CA locations). The rate offered is compliant with federal/local regulations and may vary by experience, certification/education, market conditions, location, etc.
Min Salary
$197600
Max Salary
$296400
It is the policy of Medtronic to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, Medtronic will provide reasonable accommodations for qualified individuals with disabilities.