| Title: |
Senior Director, Financial Reporting & Analysis |
| Member of: |
Finance & Accounting |
| Reports to: |
Chief Financial Officer |
Key Purpose:
The Senior Director, Financial Reporting & Analysis role is expected to lead a team within a high performing organization working collaboratively with the business and finance leaders in to assist with collaborating on driving profitable growth in Americas, Europe, and Asia.
This role requires the ability to prepare and review complex financial systems and processes to provide a comprehensive and in-depth analysis to drive improvement and streamlining to help drive results. This role is directly responsible for evaluating all elements of the forecasting process for which supports the business. The role requires a high degree of professionalism and initiative while directly leading a small team of five finance professionals and aligning this team to support Veristat’s growth.
The Senior Director is expected to establish him/herself as a “collaborative copilot/ advisor” within the business and finance leadership by supporting and coordinating with the operational finance team the delivery of the revenue process, driving applicable transformation as well as accelerating margin improvement. The Senior Director must be able to balance the financial needs of the business leadership with the financial and fiduciary needs of Veristat. As a result, the role should have a deep understanding of the efficiencies and growth and profitability drivers across the business and be able to translate them into operational actions while guiding business partners and working collaboratively to attain operational KPIs positively impacting the international business top line growth, efficiency, and margin performance. The role will also require the Senior Director to correlate the operational outcomes into financial impact.
Primary Duties + Responsibility:
- Applies current financial and accounting standards, policies, and controls, mitigates risk between business unit/functional financial goals and accounting principles and controls. Identifies and prioritizes risks and develops solutions to achieve business objectives while remaining compliant.
- Sets standards and educates business partners.
- Works with the business and finance peers on the planning process and subsequent forecasting process.
- Works with Corporate Financial leadership to establish goals and targets inclusive of annual budgets.
- Provides accurate, transparent, and timely financial analysis on Economic/functional/operational P&L's and KPI's to support business leadership in the decision-making process.
- Clearly articulates financial implications of business decisions to assist in the proactive management of profitability, costs, efficiencies and resources, and provides impact analysis on revenue, costs and metrics. Conducts crucial and challenging conversations to protect profitability and ethics.
- Proactively provides performance optimization recommendations to key business stakeholders and follows through on prioritized initiatives to deliver timely resolution. Solves the underlying cause of a problem by asking the right questions and involving the risk stakeholders.
- Works collaboratively with the CFO, IT leadership, and other Business Leaders on the enhancements and documentation of the company’s primary financial and operating applications.
- Leverages relevant and impactful leading and lagging metrics to drive finance process, system and financial improvements while mobilizing staff and monitoring performance to ensure quality deliverables.
- Collaborates with finance leadership, Americas leadership and European and Asian leadership to identify new/refine existing best practices in Financial Management and directly communicate them to key stakeholders across the organization to drive accountability of performance management.
- Monitors key project financial management performance indicators, identifies and implements areas for improvement, develops solutions in collaboration with business stakeholders and adjusts org unit tactics, policies and procedures to improve financial outcomes as determined.
- Evaluates functional staffing plan and monitors utilization trends to optimize delivery model efficiencies at the business level.
- Supports clinical and region-level remediation of financial performance and financial risk management at business unit/functional level inclusive of M&A deal structures and analysis.
- Builds rapport with and understand/address needs of functional business unit leadership. Provide guidance to Business Unit Leaders and other key stakeholders as needed.
- Liaise with Americas, European and Asian leadership to support identification and implementation of opportunities to address customer specific concerns within clinical portfolio.
- Proactively engages and collaborates with Americas, European and Asia leadership to achieve financial and business goals. Works closely with them to meet financial goals and influence financially sound decision making.
- Actively monitors and assesses impact of industry, economic and business unit trends to drive appropriate action at the clinical finance/functional level.
- Coaches the team on financial and organizational processes and systems.
- Maintains a positive, results orientated work environment, building partnerships and modeling teamwork, communicating to the team in an open, balanced and objective manner.
- Undertakes the full range of duties relevant to the leadership, management and development of the team to ensure their performance meets and or exceeds both the business and their own personal goals/objectives.
- Participates in formal staff review and ongoing mentoring and development of the team including but not limited to hiring, performance and salary reviews to corporate standards and timescales.
Experience & Minimum Requirements:
- Bachelor’s Degree in Accounting, Finance, or related field or equivalent required.
- Advanced degree (MBA or CPA) preferred but not required.
- 10 years of progressive finance experience with strong analytical, leadership and partnering track record required, with a minimum of 8 years of management experience. Equivalent combinations of experience may be accepted on a case-by-case basis.
- Ability to listen, interpret, influence, challenge, build relationships, collaborate, resolve conflict, crisp presentation and discussion facilitation, conflict resolution and negotiation in a matrix structure.
- Ability to influence, motivate others and lead change with an organization across cultures.
- Demonstrated ability to think “big picture” and strategically leverage expertise, to serve as a consultant and business partner with internal and external customers.
- Advanced knowledge of Microsoft Excel and current financial and accounting computer applications required.
- Entrepreneurial demeanor with demonstrated ability to partner with leadership in driving top line opportunities.
- Excellent verbal, analytical, organizational, written, and interpersonal skills.
Additional Requirements:
- Driving/Travel requirements – 10-20% or less
- Hours/Conditions – US, Spain, & Taiwan: 40 hour work week; Canada & UK: 37.5 hour work week
- FLSA Classification – Exempt