What are the responsibilities and job description for the Senior Financial Analyst position at Globus Medical?
At Globus Medical, we move with a sense of urgency to deliver innovations that improve the quality of life of patients with musculoskeletal disorders. Our team is inspired by the needs of these patients, and the surgeons and healthcare providers who treat them. We embrace a culture of exceptional response by partnering with researchers and educators to transform clinical insights into tangible solutions. Our solutions improve the techniques and outcomes of surgery so patients can resume their lives as quickly as possible.
Position Summary :
The Senior Financial Analyst's primary focus will be on project-based work intended to directly impact financial execution and profitability. The initial scope of work for this role is a long-term project to evaluate scrap of goods globally for Globus Medical. This role will be tasked with evaluating and documenting the specific and operational reasons for the disposal of goods across the globe, and then partnering with Sr. Management in Finance, Operations, and Sales, to identify specific controllable factors driving scrap and influence driving down existing scrap balances. This role will be highly cross functional in its nature with exposure to many parts of the business globally and will take direction for leadership in Finance. The Sr. Financial Analyst must be a self-starter, detail-oriented, organized, and deadline driven.
Essential Functions :
- Develop a detailed understanding of existing processes leading to scrap, starting by evaluating all journal entries posted to scrap, and tracing these through to the specific actions taken with physical goods (e.g., what inspections are performed, how are goods determined to be non-compliant, who disposes of the goods), and develop strong documentation laying out existing scrap procedures. This process will involve extensive partnership with Cost Accounting, Manufacturing, Sales Leadership, and Operations on a global level
- Present to Finance leadership (SVP, Sr. Director and Director) the causes of scrap, and initial evaluations of where there is waste that can be managed down
- Partner with the business to evaluate potential paths to reducing scrap (e.g., revised controls on scrap counting or other accountability for physical goods, increased re-work instead of outright scrap)
- Measure outcomes of changes in scrap process to demonstrate increases in financial performance, and operational execution
- Leverage experience gained in initial long-term scrap project to evaluate other areas of the P&L where similar process or control gaps may be leading to financial inefficiencies, and continue to impact the business through directed and targeted project-based work with measurable outcomes and real financial impact
- Proactively challenges the status quo and investigate issues independently and as a team
- Performs all tasks with an emphasis on developing automation and efficiency
- Adheres to the letter and spirit of the company Code of Conduct, the AdvaMed Code, MedTech Code, and all other company policies.
- Ensures Compliance with applicable governmental laws, rules, and regulations, both in the United States and internationally, by completing introductory and annual training and maintaining knowledge of compliance as it applies to your role
- Represents the company in a professional manner and uphold the highest standards of ethical business practices and socially responsible conduct in all interactions with other employees, customers, suppliers, and other third parties of Globus
Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.
Qualifications :
Physical Demands :
The physical demands listed here are representative of those that must be met by and employee to successfully perform the essential functions of this job.
Our Values :
Our Life Moves Us philosophy is built on four values : Passionate About Innovation, Customer Focused, Teamwork, and Driven.
Equal Employment Opportunity :
Globus Medical is an equal opportunity employer. All applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, age, disability, marital status, pregnancy, national origin or citizenship. We are committed to a diverse workforce. We value all employees' talents and support an environment that is inclusive and respectful.
Other Duties :
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
