VP, Financial Planning & Analysis

Company Background

Highridge Medical is a leader in the global spinal device market that develops, manufactures, and delivers a comprehensive portfolio of products and solutions designed to treat a wide range of spine pathologies.  

The Company was created through the April 2024 carve out from ZimVie (Nasdaq:   ZIMV) of the global business serving patients requiring spine surgery.  Owned by H.I.G. Capital ($60 billion of capital under management) and affiliated investors, it has annual revenues of approximately $400 million, placing it as the world’s fifth largest and largest privately owned spine company.   

Role

This position will manage the company’s financial planning processes and analysis of historical performance.  It will lead the analysis and presentation of relevant financial information and analysis to the CFO, CEO, board of directors and private-equity sponsor.  This role is both strategic and tactical in that it combines planning for high-impact business opportunities and tactical proficiency to maximize value and optimize resource utilization.

As a leader in a sizeable but newly formed organization, this position will require initiative, collaboration, a strong results orientation, and an ability to lead by example in contributing analytical insights while building a strong FP&A team.  This position reports to the Chief Financial Officer. 

Responsibilities: 

Analysis of Projected and Historical Operating Performance

• Direct the company’s financial planning processes, including strategic plan financial models, annual operating plans, rolling forecasts and short-term estimates.  Integrate financial plans with performance measurement tools and metrics.   Continually strive to improve the quality of insights and efficiency of underlying processes.
• Develop financial models to support strategic plans, budgets, forecasts and business plans.
• Lead the development of the financial portions of board and management presentations, including strategic plans, budgets, operating reviews and topical quarterly presentations.
• Develop and provide financial reports and analyses for key stakeholders, including lenders.
• Interpret and analyze actual financial performance versus plan or forecast, providing variance analyses and actively researching root causes of variances.  Work with business leaders to ensure the company achieves its financial commitments. 
• Develop and deliver efficient and insightful daily and weekly sales reports.

Business Partnership

• Help the business improve its resource allocations and operating performance by proactively providing timely and relevant information and analytical insights.
• Improve the allocation of resources and drive accountability through comparisons of commitments and actual performance.   Collaboratively work with others to understand performance drivers and adapt accordingly.
• Support key business initiatives, with particular emphasis on sales growth, product development, process improvements and operating leverage.
• Develop business plans to support capital investments, R&D projects, M&A and other business development opportunities.   This includes development of an investment policy and templates that can be adopted throughout the organization.
• Provide analytical support to management team on a variety of topics.  Take a proactive role analyzing alternatives and providing solutions to support decision-making and implementation.
• Proactively organize and present business information to evaluate specific opportunities and risks. Apply quantitative and qualitative factors, skills and business experience to arrive at meaningful conclusions and recommendations. Develop innovative alternatives and solutions.
• Quickly assess emerging trends in the business’ operations, analyze and present their potential impact, and recommend action steps.

Planning Systems and Processes

• Lead or collaborate in streamlining internal processes, enhancing coordination and developing efficiencies in FP&A processes. 
• Lead or collaborate in optimizing the company’s use of OneStream, Excel and other reporting and analysis tools.

Leadership

• Build a high-performing financial planning team focused on generating business results and helping the company achieve a higher valuation.  
• Collaborate closely with other members of the financial leadership team to develop a team-oriented, high performing finance function.

Core Competencies

• Strong communication and interpersonal skills
• Flexible, friendly, team-oriented disposition that thrives in a fast-paced environment.
• Collaborative approach can work across organizational boundaries that drive outcomes, understanding and commitment. 
• Strong results orientation and bias for action, including a high degree of initiative and self-motivation in understanding business needs 
• Excellent time management skills with the ability to manage conflicting priorities and meet deadlines
• Demonstrated ability and success working with minimal supervision, including flexibility to changing priorities in a proactive and self-motivated manner.

Background

• 10 years of relevant experience in financial planning, accounting or finance, including 4 years with direct reports.  Prior experience leading an FP&A function is preferred.

• Experience driving medium and long-term planning discipline across an organization, including examples of leading the 3–5-year strategic plan and providing a more structured approach to using numbers to analyze the business and inform decision making.
• Experience leading including forecasting processes, including supporting analysis.
• Experience leading the development of periodic business reviews focused on performance drivers, variance analysis and operating initiatives.

• Excellent presentation skills and a proven ability to effectively communicate financial plans and results.  Excellent written and oral communication skills.
• Exceptional analytical and quantitative decision-making skills, including both the ability to identify key trends and drivers and the proven experience translating financial data into meaningful, concise explanations.
• Competence in corporate finance and business modeling, as evidenced by proven experience developing business plans and capital investment proposals.        An ability and desire to evangelize these capabilities throughout the organization.
• Bachelor’s degree in accounting, finance, or business administration.  MBA preferred.
• CPA, CFA and other professional designations is preferred.
• Microsoft Office proficiency.  Exceptional skills using Excel and PowerPoint to communicate strategic and financial plans and results is critical to success in this position.        

• Experience with sophisticated planning tools, including impactful utilization to improve decision support across the company.  OneStream experience is strongly preferred.
• Manufacturing industry experience as well as awareness and sensitivity to global markets