Principal Financial Analyst, Corporate FP&A
Boston Scientific · Marlborough · $106,800 (stated in the posting)
Additional Location(s): N/A
Diversity - Innovation - Caring - Global Collaboration - Winning Spirit - High Performance
At Boston Scientific, we’ll give you the opportunity to harness all that’s within you by working in teams of diverse and high-performing employees, tackling some of the most important health industry challenges. With access to the latest tools, information and training, we’ll help you in advancing your skills and career. Here, you’ll be supported in progressing – whatever your ambitions.
About the role:
The Principal Financial Analyst of Corporate FP&A plays an important role in providing decision support to management by understanding and communicating the key drivers of gross margin and pricing impacts by division, region, and product on a monthly and quarterly basis. This position interfaces with the Global Business Units and our Global Manufacturing and Supply Chain team to analyze trends within the business and marketplace. This position also serves as a key resource in the Strategic Plan process, partnering with functional, divisional, and regional counterparts. This is a highly visible position, with presentations to executive management and other corporate functions.
Your responsibilities will include:
Prepare and analyze monthly and quarterly gross margin and pricing reporting
- Review and communicate gross margin reporting and trends by division, region, and major product
- Understand and evaluate the impact of price and volume on gross margin performance
- Coordinate with the Global Manufacturing finance teams to understand production variances, ongoing trends, and FIFO accounting
- Prepare slides for executive team on results vs. forecast and prior periods
- Partner with Treasury team to quantify FX impacts on GM and with the IR team on crafting external talk-track on margin performance
Assist and coordinate Strategic Plan processes
- Work with Global Finance teams to define, communicate and manage all requirements to develop financial statements; troubleshoot as needed and partner with business units and regions during the process
- Partner with the IT/FPS support team throughout the various work streams
- Support manufacturing finance teams’ analysis of standards improvement, including impact of revenue submissions, currency changes, and other business drivers
- Provide supporting analysis and total company roll-up to Senior Management understanding/tracking variances to internal expectations by BU/Region/P&L line item, along with external communicated targets and linkage to AOP.
Additional responsibilities include:
- Quickly and accurately respond to ad hoc queries from internal customers (including Sr./Executive Management)
- Assist in preparing schedules for CFO updates to Executive team and support preparations for quarterly earnings calls
- Support inclusive culture of finance
- Engage in continuous improvement activities to streamline core FP&A processes to enhance efficiency and effectiveness as well as supporting overall company optimization initiatives
Required Qualifications:
- Bachelor’s degree in Accounting, finance or a related discipline
- 5+ years of relevant work experience in a related field
- Superior analytical skills
- Excellent oral and written communication skills
- Strong organizational, management, project and process skills
- Proven success in leading and building teamwork across the global enterprise
- Ability to thrive in a high-paced, high visibility environment
- Attention to detail, accuracy
- Advanced knowledge of tools and systems (HFM, Hyperion Planning, Excel, etc.)
Preferred Qualifications:
- MBA with an accounting/finance focus, active CPA or other professional certification
- 7+ years of progressive relevant experience in a complex, highly regulated, or innovative industry
Requisition ID: 636493
Minimum Salary: $106800
Maximum Salary: $202900
The anticipated compensation listed above and the value of core and optional employee benefits offered by Boston Scientific (BSC) – see www.bscbenefitsconnect.com—will vary based on actual location of the position and other pertinent factors considered in determining actual compensation for the role. Compensation will be commensurate with demonstrable level of experience and training, pertinent education including licensure and certifications, among other relevant business or organizational needs. At BSC, it is not typical for an individual to be hired near the bottom or top of the anticipated salary range listed above.
Compensation for non-exempt (hourly), non-sales roles may also include variable compensation from time to time (e.g., any overtime and shift differential) and annual bonus target (subject to plan eligibility and other requirements).
Compensation for exempt, non-sales roles may also include variable compensation, i.e., annual bonus target and long-term incentives (subject to plan eligibility and other requirements).
For MA positions: It is unlawful to require or administer a lie detector test for employment. Violators are subject to criminal penalties and civil liability.
Boston Scientific transforms lives through innovative medical technologies that improve the health of patients around the world. As a global medical technology leader for more than 45 years, we advance science for life by providing a broad range of high-performance solutions that address unmet patient needs and reduce the cost of healthcare. Our portfolio of devices and therapies helps physicians diagnose and treat complex cardiovascular, respiratory, digestive, oncological, neurological and urological diseases and conditions. Learn more at www.bostonscientific.com and follow us on LinkedIn.
Boston Scientific Corporation has been and will continue to be an equal opportunity employer. To ensure full implementation of its equal employment policy, the Company will continue to take steps to assure that recruitment, hiring, assignment, promotion, compensation, and all other personnel decisions are made and administered without regard to race, religion, color, national origin, citizenship, sex, sexual orientation, gender identity, gender expression, veteran status, age, mental or physical disability, genetic information or any other protected class.
Please be advised that certain US based positions, including without limitation field sales and service positions that call on hospitals and/or health care centers, require acceptable proof of COVID-19 vaccination status. Candidates will be notified during the interview and selection process if the role(s) for which they have applied require proof of vaccination as a condition of employment. Boston Scientific continues to evaluate its policies and protocols regarding the COVID-19 vaccine and will comply with all applicable state and federal law and healthcare credentialing requirements. As employees of the Company, you will be expected to meet the ongoing requirements for your roles, including any new requirements, should the Company’s policies or protocols change with regard to COVID-19 vaccination.
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