Siemens Controller- R&D Diagnostics Point of Care in Norwood, Massachusetts
The PLM Controller will be a key leader within the Point of Care Business Unit’s (BU) CFO organization, providing financial and strategic leadership for the BU’s R&D operations and supporting the BU’s Business Development activities with financial analysis and risk assessment. This position will act as a business partner to the BU R&D leadership team and directly manage 3 financial analysts. This position will be located in Norwood, MA.
The key area of focus of this leader will be to help drive efficient allocation of capital to maximize the BU’s performance by collaboratively developing project financial-plans to assess project potential and creating a 5-year R&D investment plan that’s aligned with the product development roadmap and translate this in to an annual budget for the BU. The successful candidate must have a customer-driven focus, collaborate across the Siemens matrix and apply influencing and analytical skills to assess and implement performance improvement opportunities.
This person will provide proactive and complex analytics around R&D Spend (including NPV analysis, hurdle rate comparisons, risk assessment, identification and tracking of key milestones), business case projections and realization of actuals vs plans; Provide recommendations related to increasing productivity and capacity and conduct industry benchmarking activities.
This role will have responsibility for coordinating the BU’s monthly, quarterly and annual financial cadence (forecasting, actual reporting and analysis, budgeting, strategic planning) for the POC R&D function and will provide key presentations on financial status at various management team meetings.
Successful candidate will:
Keepabreast of IFRS and company guidelines related to R&D accounting andkeep track of changes in the accounting literature
Understandand apply the concept of intangible capitalization of development projectsand its impact on the P&L, Balance Sheet, and Cash flow Statement.
ConductQuarterly Asset Impairment Tests of intangible assets
ProvideQuarterly Sarbanes-Oxley Certification to CFO regarding any AssetImpairment triggers.
Be akey approver at the R&D Developmental Milestone reviews.
Keep akeen eye on the drivers and impacts of R&D efforts on future StandardProduct Costs, when the product is commercialized and influence efforts todrive them lower.
Havethe ability to derive strategic plans based on operational data analysis.Ability to combine business and financial knowledge in the identificationand implementation of business improvement initiatives.
Beinvolved in complex Third-party contract negotiations.
Have provenexperience in accurately forecasting, budgeting and analysis of actualresults of both operating and capital expenditures.
Have SAPexperience, including SAP BW (Data Warehouse reporting).
Displayadvanced knowledge of Hyperion Financial Management (HFM), Planning, andEssbase
Have experiencewith company’s Enterprise Risk Management including identification ofmanagement of business related risks and opportunities.
Have agood understanding of Healthcare Industry dynamics, with a special focuson Healthcare IT trends.
Be wellversed with Healthcare R&D developmental methodology and requirements.
Displayability to optimize and standardize process workflows.
Conductsperiodic competitive benchmarking for the sales and services organization andformulate ideas to improve performance.
improvements based on prior experience.
Have a good understanding of Siemens Healthcare organization,its financial cadence and proven experience of working in a highly matrixedorganization.
Have worked with cross functional disciplines andcoordination of business operations, finance, accounting, audit and externalpersonnel across various levels
Display excellent communication skills, interculturalsensitivity and ability to establish virtual networks across cultures andlocations.
Maintains functional independence and provide a controllingfunction with proactive communication and analysis to the BU CFO.
Provides mentoring and takes an active role in developingthe PLM controlling finance organization.
Has good executive presence and the ability to effectivelysummarize and present complex topics with appropriate context to the BUmanagement team.
Organization: Siemens Healthineers
Company: Siemens Healthcare Diagnostics Inc.
Experience Level: Experienced Professional
Job Type: Full-time
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