Principal Financial Analyst, Global Supply Chain Planning
Boston Scientific
Additional Location(s): US-MN-Arden Hills; US-MN-Maple Grove
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:
Reporting to the Senior Finance Manager, the Principal Financial Analyst focuses on a variety of finance and supply chain-based projects to help drive improvements to the financial and metric reporting for the Global Supply Chain Organization. This role is responsible for all financial close, budgeting, and reporting activities as it relates to Inventory, Sterilization, and other Supply Chain functions. Additionally, this role leads the Global Inventory Consolidation, implements robust controls, conducts end-to-end supply chain modeling, and continuous improvement projects to enhance the company's financial processes and performance. This position reports to the Senior Manager of Supply Chain Finance.
Work Mode:
At Boston Scientific, we value collaboration and synergy. This role follows a hybrid work model requiring employees to be in our local office at least three days per week.
Your responsibilities will include:
- Lead planning, forecasting, and budgeting activities for Supply Chain functions including Sterilization, Planning, Analytics and Clinical for both OPEX and CAPEX. Consolidate Global Headcount and other expenses. Serve as advisor and key business partner to functional VP and drive adherence to corporate targets. Build understanding of business and financial information to provide actionable recommendations.
- For Global Inventory, perform all aspects of the monthly financial close, including analysis of adjustments, journal entries, account reconciliations, along with the generation of monthly and quarterly reporting schedules, and variance/trend analysis on Finished Goods, Raw Materials, and Work-In-Progress inventory, providing key insights to Global, Regional, and Divisional stakeholders.
- Key member of the AOP Volumes Enhancement project – driving improvements in overall volumes used for Standard setting
- Support the annual standard cost-setting process for the Network, particularly focusing on Inventory Revaluation and Volume Alignment to Sales, Inventory, and Operations Planning (SI&OP), verifying the data and releasing the standard costs and volume alignments.
- Business Partner to Global Supply Chain functions, evaluating Capital investments, VIP initiatives, Outsource/Insource assessments, last time buy (LTB) decisions, Project Support, Cost allocations, Global Spend Consolidations.
- Participate in the development of the annual Strat Plan (3-year forecast), assess investments through proper modeling, and ensure alignment of resources to business requirements. Assist with overall Global Supply Chain process improvement initiatives.
- Provide support to key business projects such as Network Modeling to identify and optimize costs across the network to improve profitability and product flow efficiency.
- Create meaningful metrics to monitor business performance. Identify opportunities for metrics and reporting automation, leveraging tools like Tableau, Power BI, or Excel where applicable.
- Become a subject matter expert and assist with further enhancements of corporate-wide planning tools. Leverage system knowledge to continuously improve reporting processes and work with IS to ensure data accuracy and reconciliations across our systems.
Required Qualifications:
- Bachelor’s degree required; advanced degree is preferred
- Minimum 5 years Accounting/ Finance experience, SI&OP Experience essential.
- Very strong financial/data analysis skills; strong ability to problem solve and draw conclusions from data while maintaining data accuracy.
Preferred Qualifications:
- Ability to build relationships and have influence with key stakeholders
- Outstanding verbal and written communication skills.
- Ability to work autonomously and act in a consultative role.
- Exceptional organizational & time management skills are crucial. Environment is fast-paced and multi-tasking is essential.
- Proven ability to work under pressure and meet critical financial deadlines.
Requisition ID: 597249
As a leader in medical science for more than 40 years, we are committed to solving the challenges that matter most – united by a deep caring for human life. Our mission to advance science for life is about transforming lives through innovative medical solutions that improve patient lives, create value for our customers, and support our employees and the communities in which we operate. Now more than ever, we have a responsibility to apply those values to everything we do – as a global business and as a global corporate citizen.
So, choosing a career with Boston Scientific (NYSE: BSX) isn’t just business, it’s personal. And if you’re a natural problem-solver with the imagination, determination, and spirit to make a meaningful difference to people worldwide, we encourage you to apply and look forward to connecting with you!
At Boston Scientific, we recognize that nurturing a diverse and inclusive workplace helps us be more innovative and it is important in our work of advancing science for life and improving patient health. That is why we stand for inclusion, equality, and opportunity for all. By embracing the richness of our unique backgrounds and perspectives, we create a better, more rewarding place for our employees to work and reflect the patients, customers, and communities we serve.
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 identify, gender expression, veteran’s status, age, mental or physical disability, genetic information or any other protected class.
Boston Scientific maintains a prohibited substance free workplace. Pursuant to Va. Code § 2.2-4312 (2000), Boston Scientific is providing notification that the unlawful manufacture, sale, distribution, dispensation, possession, or use of a controlled substance or marijuana is prohibited in the workplace and that violations will result in disciplinary action up to and including termination.
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.