Finance Director, Global Supply Chain Sourcing

4 days ago

Saint Paul, Minnesota, United States Solventum Full time
Job Title: Finance Director, Global Supply Chain Sourcing

Solventum is a leading company in the healthcare industry, and we are seeking a highly skilled Finance Director to join our team. As a Finance Director, Global Supply Chain Sourcing, you will play a critical role in driving the financial performance of our global supply chain operations.

The Impact You Will Make
  • Provide strategic and operational financial leadership to the Global Supply Chain Sourcing Leaders to drive sourcing operational performance.
  • Develop and drive end-to-end processes, analyses, and tools to standardize reporting and support Global Supply Chain Sourcing execution.
  • Build and enhance market intelligence to communicate and drive understanding of external sourcing market dynamics.
  • Increase visibility and analysis of sourcing spend drivers with active participation in the operating rhythm and collaboration with functional and business teams.
  • Develop understanding of impacts to sourcing spend driven by sales volume, demand planning, and supply planning dynamics.
  • Actively drive cost savings for sourcing categories by identifying and analyzing options, validating cost savings, and supporting execution.
  • Ensure weekly, monthly, and quarterly reporting of global category spend and drivers, including volume, purchasing categories, and translating sourcing savings to financial statement impact.
  • Build the needed capabilities to forecast sourcing spend.
  • Lead weekly, monthly, quarterly, and annual processes to support weekly rhythms/updates, month-end close activities, QORs/MREs, Annual Operating Plans, and Strat Plans.
  • Standardize and automate sourcing spend reporting and financial statement impacts.
  • Support Source to Pay business transformation for ERP deployments.
  • Ensure compliance to financial standards related to sourcing.

As a Finance Director, Global Supply Chain Sourcing, you will have the opportunity to work closely with cross-functional teams to drive business growth and improve financial performance. You will be responsible for developing and implementing financial strategies to optimize sourcing operations and drive cost savings.

Your Skills and Expertise

To be successful in this role, you will need to have a strong background in finance, with experience in sourcing and supply chain operations. You will also need to have excellent leadership and collaboration skills, with the ability to work effectively with cross-functional teams.

Key qualifications for this role include:

  • Bachelor's Degree or higher in Finance or a related field.
  • 15 years of experience working in finance organizations with key understanding of business unit and commercial processes and reporting in a private, public, government, or military environment.
  • 5 years of experience in financial modeling and in a Sourcing Support Role for global organizations.
  • 5 years of finance experience within a Manufacturing industry.
  • CPA, CMA, or equivalent international certification.
  • Experience in the MedTech Industry.
  • Responsible for Income Statements.
  • 5 years of finance experience within a healthcare industry.
  • Leadership and collaboration skills to engage with business stakeholders and drive alignment on financial assumptions.
  • Ability to lead through others and influence.
  • Pragmatic, results-oriented with a strong bias towards executing with speed, agility, and quality.
  • Experience in a global business setting and understanding of operational and cultural differences due to geography, size, and scope of the organization.
  • 5 years of leadership experience managing senior-level teams.
  • Record of career progression with increasing levels of responsibility.

Solventum offers a competitive compensation package, including a base salary and variable incentive pay, as well as a range of benefits, including medical, dental, and vision insurance, health savings accounts, disability benefits, life insurance, and paid absences and retirement benefits.

Apply now to join our team and take your career to the next level

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