Senior Manager, Commercial FP&A

Company: Disability Solutions
Location: El Segundo
Posted on: January 24, 2025

Job Description:

I. Job Purpose and Core TasksThe Financial Planning & Analysis (FP&A) Team at Karl Storz US influences leaders to maximize financial impact and achieve strategic objectives. As the Head of FP&A Commercial, you will be a trusted thought partner to the Commercial leadership team, providing financial transparency of the trajectory of the business lines, and influencing decisions and actions to achieve targets. The person is a creative and passionate problem-solver who thinks big, acts quickly to capitalize on opportunities and mitigate risks. A strategic, and results-driven finance leader, you will co-pilot the surgical and operating room integration (OR1) businesses and lead a team of 3 analysts to drive impactful finance business partnering to their respective commercial business lines.The FP&A team is on a transformation journey, and the Head of FP&A is a critical role in implementing an effective finance business partnering model in US. The Head of FP&A Commercial will lead the successful roll out of the new model, and upskill the FP&A organization, therefore experience in improving processes, managing change and developing people is highly valuable. We are seeking a courageous finance leader that can meaningfully connect with sales and marketing leaders to drive financial discipline, productively challenge to drive effective decisions and hold leaders accountable to targets. The candidate must have the ability to work with diverse stakeholder groups to make data insightful to commercial stakeholders and solve business problems.Core tasks include:

• Develop 5-year sales plans for business lines
  • Establish top-line performance metrics and targets and drive accountability for results
    • Develop annual budgets for operating (OPEX) and capital expenses
      • Develop quarterly P&L forecasts and monitor forecast accuracy
        • Manage the surgical and OR1 rolling 12-month management P&L including orders and sales, gross profit, OPEX (including personnel costs)
          • Prepare financial analysis and facilitate performance review with Commercial leaders (e.g. budget variance analysis), highlighting trends, drivers, data-backed insights and drive action
            • Effectively communicate the 'story' of the financial data to commercial partners, and central FP&A to feed into upstream performance management (including resolving specific queries).
              • Lead and develop a high performing team of 3 analysts. Develop skills through on the job coaching and structured training and development.
                • Resolve escalations from team and manage priorities and guide team to provide excellent finance partnering.
                  • Implement best practice finance partnering, including implementing new tools, improving processes and training team members. Drive continuous improvement in FP&A processes.
                    • Provide analytical guidance (including scenario analysis) to identify, solve problems and enable data-backed decisions.
                      • Develop strategic insights and quantitative analysis for initiatives and projects to ensure alignment with financial objectives and compliance with policies.
                        • Guide business partners through Karl Storz governance processes by creating business cases e.g. for incremental headcount, capital investments. II. Minimum Knowledge, Education and Skill RequirementsRequiredMinimum years of relevant work experience:
                          • 8+ years of experience in financial reporting and analysis, finance business partnering.
                            • 2+ years transforming finance operating model or planning processes either within an organization or as a consultant/advisor.
                              • 2+ years of management and leadership experience. Minimum education, certifications and/or credentials:
                                • A minimum education level of a(n) BS in Finance, Accounting, Business or equivalent. Minimum hard skill requirements (including computer and application proficiency):
                                  • Data analytics and automated dashboard creation for commercial leadership audience, experience with Tableau preferred
                                    • Strong analytical skills, proven ability to transform data into actionable insight
                                      • Strong business acumen with an understanding of the marketing, accounting, decision support models, operations, leadership, and financial levers that drive sales, gross margin and operating profit
                                        • Ability to create new predictive financial models
                                          • Process transformation and a continuous improvement mindset
                                            • High attention to detail, with ability to see the big picture and analyze the 'so what' in the context of strategic goals Minimum soft skill requirements:
                                              • Collaborative and capable of influencing commercial leaders to course correct, based on sound analysis and business judgement
                                                • Proven ability to build trusted, cross-functional relationships
                                                  • Executive presence, excellent communication skills (verbal and written) to influence leadership, peers and direct reports.
                                                    • Intellectual curiosity and desire to master the drivers of the US business.
                                                      • Exceptional organizational skills and the ability to independently prioritize a fast-paced, dynamic portfolio of own and team's work.
                                                        • Excellent leadership skills with ability to develop analysts' careers and skills.
                                                          • Ability to work independently, productively, and follow through on all responsibilities to bring projects to a successful conclusion
                                                            • Drive clarity and focus in ambiguous environment
                                                              • Service mindset, to ensure FP&A are highly valued partners
                                                                • Courage to challenge and change minds.
                                                                  • Ability to translate business needs and goals into an analytic approach and actionable response
                                                                  • Comply with current laws, other regulatory agencies, and institutional and operating systems
                                                                  • Adhere to all KARL STORZ US Policies and Procedures as they apply
                                                                  • Ensure knowledge and adherence to Guidelines and Procedures as they are described in the annual education module
                                                                  • Protect employee and customer confidentiality Preferred skills & experiences
                                                                    • Medical device/technology industry knowledge preferred with understanding of various specialties we serve
                                                                      • MBA
                                                                        • Certifications/Credentials preferred; CPA, CFA or equivalent
                                                                          • Familiarity with SAP #LI-MN1MA Applicants: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.Eligible Employee Benefits
                                                                            • Medical / Dental / Vision including a state-of-the-art wellness program and pet insurance, too!
                                                                            • 3 weeks vacation, 11 holidays plus paid sick time
                                                                            • Up to 8 weeks of 100% paid company parental leave; includes maternal/ paternal leave, adoption, and fostering of a child.
                                                                            • 401(k) retirement savings plan providing a match of 60% of the employee's first 6% contribution (up to IRS limits)
                                                                            • Section 125 Flexible Spending Accounts
                                                                            • Life, STD, LTD & LTC Insurance
                                                                            • We prepay your tuition up to $5,250 per year! - Tuition pre-imbursement
                                                                            • Fitness reimbursement of up to $200 annually
                                                                            • And much more! KARL STORZ reserves the right to change or modify the employee's job description whether orally or in writing, at any time during the employment relationship. Additionally, KARL STORZ, through its supervisors, may require an employee to perform duties outside their normal description within the sole discretion of the supervisor. Employees must comply will all applicable KARL STORZ policies and procedures.Credentialing requirements at KARL STORZKARL STORZ is committed to maintaining a safe work environment for our employees and customers. Most field-based roles at KARL STORZ require hospital credentialing/health screens as a condition of employment. Credentialing can include required vaccinations, health screens & other requirements as outlined by our customers. During the interview process, we encourage you to ask how credentialing/health screens may impact the role you are seeking and if you require any reasonable accommodations regarding these requirements.Pay TransparencyThe pay range and/or hourly pay rate listed is a good faith determination of potential base compensation that may be offered to a successful applicant for this position at the time of this job posting and may be modified in the future. When determining a specific team member's base salary and/or hourly pay rate, several factors will be considered including such things as location, specialty, service line, years of relevant experience, education, professional credentials, internal equity, and the amount budgeted for the role.Equal Employment Opportunity & Reasonable Accommodation StatementKARL STORZ is committed to creating an inclusive space where employees are valued for their skills and unique experiences. To achieve this goal, we are committed to diverse voices, and all applicants will receive consideration without regard to race, color, sex, national origin, disability, veteran status, or any other protected characteristic. KARL STORZ is also committed to providing reasonable accommodations during our recruitment process. Should you need assistance or accommodation please email us at taoperations@karlstorz.com.Get in Contact

Keywords: Disability Solutions, Los Angeles , Senior Manager, Commercial FP&A, Executive , El Segundo, California