VP, Products Finance

Employment Type: Full time

Position Overview

At Owens & Minor, we are a critical part of the healthcare process. As a Fortune 500 company with 350+ facilities across the US and 22,000 teammates in over 90 countries, we provide integrated technologies, products and services across the full continuum of care. Customers—and their patients—are at the heart of what we do. Our mission is to empower our customers to advance healthcare, and our success starts with our teammates.

The VP, Products Finance leads the FP&A function for the Products area within Products & Healthcare Services (P&HS), the company’s largest business unit (BU), and is a key business partner with O&M leadership (primarily SVP Products, SVP Finance, SVP Operations), providing guidance and support on managing the performance of the BU. Responsible for business unit strategic planning, annual budget, financial forecasts, and financial analyses, including: scenario planning, financial modeling, variance analyses, program / initiative performance tracking vs. targets, return on investment analyses for capital expenditures and other projects, trend analyses, tracking of key performance indicators, quantification and tracking of risks & opportunities, and other ad hoc analyses.

Anticipated Salary Range: Base: $210-$260K, Bonus 40%, AIP: $100K. (The actual compensation offered may vary based on job related factors such as experience, skills, education and location.)

Core Responsibilities

• Financial Forecasting: Owns the Products & Healthcare Services financial forecasting cycle, in close collaboration with Executive Leadership, Commercial Finance, Marketing, Operations, Corporate FP&A, & Accounting, including:
  • Weekly / Monthly / Quarterly forecast cycles
  • Annual budget process
  • Strategic Long-Range Plan process
  • CapEx and strategic investment prioritization, planning, & tracking
• FP&A Coordination: Responsible for the definition and communication of the BU FP&A calendar, and coordinates the efforts of BU Finance colleagues, including Commercial and Operations Finance.
• Financial Presentations: Directs preparation of financial presentations on behalf of functional leaders, including monthly / quarterly business reviews, performance scorecards, initiatives trackers, and profitability models. Prepares presentations for the Board of Directors and Senior Management Team.
• Performance Analysis & Communication: Routinely assesses and communicates Products & Healthcare Services financial and operational performance trends (historical and forecasted), using appropriate metrics to identify areas of risk / opportunity, propose key actions / strategic initiatives, and quantify & forecast results / strategic implications.
• Proactive Evaluation: Proactively evaluates results, monitors current & past trends, and recommends actions to ensure the team achieves their commitments in key performance indicators, including all areas of revenue, cost of sales, expenses, working capital and capital expenditures.
• Opportunity Identification: Identifies and quantifies opportunities to improve financial performance and develops strategic financial analyses for presentation to the Manufacturing, Sourcing, Distribution, Commercial, and Finance leadership.
• Financial Analysis & Research: Prepares financial and business-related analysis and research in such areas as pricing models, scenario planning, financial and expense performance, rate of return, performance optimization, etc.
• Accounting Collaboration: Works closely with the Accounting team to ensure all aspects of the financial close process are orderly, and contributes toward the accuracy of the financial results as reported in the company financial statements.
• Change Agent: Encourages new ideas, processes and approaches. Champions and enables a culture of multidisciplinary problem solving, teamwork, flexibility, execution, quality and effective communication.
• Standardization: Responsible for standardization of reports.

Teammate Benefits

• Medical, dental, and vision insurance, available on first working day
• 401(k), eligibility after one year of service
• Employee stock purchase plan
• Tuition reimbursement

Company Information

Owens & Minor is a Fortune 500 company with 350+ facilities across the US and 22,000 teammates in over 90 countries. We provide integrated technologies, products and services across the full continuum of care. Our mission is to empower our customers to advance healthcare.