Global Finance Leader for Supply Chain Optimization
2 weeks ago
Solventum is a pioneering company that enables better, smarter, safer healthcare to improve lives. As a new company with a long legacy of creating breakthrough solutions for customers' toughest challenges, we pioneer game-changing innovations at the intersection of health, material and data science that change patients' lives for the better while enabling healthcare professionals to perform at their best.
We partner closely with the brightest minds in healthcare to ensure that every solution we create melds the latest technology with compassion and empathy. Because at Solventum, we never stop solving for you.
As a Finance Director, Global Supply Chain Sourcing, you will have the opportunity to tap into your curiosity and collaborate with some of the most innovative and diverse people around the world. Here are the key responsibilities:
- Providing strategic and operational financial leadership to drive sourcing operational performance, including setting direction on operational metrics.
- Being a strong business partner in setting direction on Purchasing and Spending for Global Sourcing (plant, area, supply chain, business, planning, logistics) in conjunction with and to support the needs of the Global Supply Chain operations.
- Developing and driving end-to-end processes, analyses, and tools to standardize reporting to support Global Supply Chain Sourcing execution, tracking and mitigation plans.
- Building and enhancing market intelligence to communicate and drive understanding of external sourcing market dynamics and expected impact on internal operations.
- Increasing visibility/analysis of the sourcing spend drivers with active participation in the operating rhythm and collaboration with functional and business teams to ensure alignment and understanding.
- Developing understanding of impacts to sourcing spend driven by sales volume, demand planning and supply planning dynamics.
- Actively driving cost savings for sourcing category by identifying/analyzing options, validating cost savings and supporting execution.
- Ensuring weekly, monthly and quarterly reporting of global category spend and drivers including volume, purchasing categories, and translating sourcing savings to financial statement impact.
- Building the needed capabilities to forecast sourcing spend.
- Leading weekly, monthly, quarterly, and annual processes to support weekly rhythms/updates, month end close activities, QORs/MREs, Annual Operating Plans and Strat Plans.
- Standardizing & automating sourcing spend reporting and financial statement impacts.
- Supporting Source to Pay business transformation for ERP deployments.
- Ensuring compliance to financial standards related to sourcing.
This role requires:
- Bachelor's Degree or higher and Fifteen (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.
- Five (5) years of experience of financial modeling and in a Sourcing Support Role for global organizations
- Five (5) years of finance experience within a Manufacturing industry
- Additional qualifications include CPA, CMA or equivalent international certification, experience in the MedTech Industry, Responsible for Income Statements, Five (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, Five (5) years of leadership experience managing senior level teams, Record of career progression with increasing levels of responsibility
The expected compensation range for this position is $222,044 - $271,387, which includes base pay plus variable incentive pay, if eligible. This role offers many benefits, including competitive pay and benefits, benchmarked with other companies comparable in size and scope, and access to programs to help live a healthy lifestyle, both physically and financially.
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