Executive Director, Financial Planning & Analysis, RTP, NC (Hybrid)

Recognized as one of Forbes 2024 “America's Best Large Employers” and named to the Forbes 2024 "Best Employers for Diversity", Labcorp is seeking to hire an Executive Director, Financial Planning & Analysis.

The Executive Director of Financial Planning and Analysis (FP&A) will play a critical role in driving the financial strategy and performance of our IT organization. This executive will lead a team of financial analysts/managers and collaborate directly with the CIO and his senior leadership to provide insights that support strategic decision-making and enhance operational efficiency. The ideal candidate will possess a deep understanding of financial modeling, forecasting, and budgeting for corporate functions.  This position will oversee and direct the financial analysis, budgeting, forecasting support, long-term planning, capital recommendations, problem solving, financial modeling and business analysis of performance metrics. This position also partners with the Business Unit/Segment Leaders to develop business strategy and acts as a financial business partner and advisor by identifying value levers and efficiency opportunities, while helping the team execute those initiatives.
 

This is a hybrid position requiring three days per week onsite at a Labcorp location. 

The ideal candidate will reside in RTP, NC or surrounding area.

Finance Leadership, Analytics, and Partnership

• Collaborates with the CIO to review, develop, and implement a robust financial planning strategy that aligns with the company's long-term vision and goals.

• Oversees, leads, and presents monthly and quarterly financial reporting, analysis, forecasting, and budgeting for IT activities, ensuring accuracy, timeliness, and clear understanding of key takeaways.

• Develops advanced analytics to drive value, reduce costs, increase productivity, and enhance business profitability.

• Ensures consolidated financial performance information is accurate and timely, providing insights that support strategic decision-making. 

• Understands and challenges the financial position of each business area, holding budget owners accountable for their performance and supporting management teams with necessary analysis.

• Provides bridges and variance reporting (e.g. actual vs. budget, forecast and prior year) to Segment, Division and Corporate leadership.

• Leads the intervention, investigation, and resolution of in-year and short-term financial issues, ensuring effective solutions.

• Ensures effective use of capital by utilizing appropriate governance, risk management, financial performance measurement and post-investment reviews. Approves all capital and lease requests. Helps prepare clear capital proposals for senior leadership decision-making.

• Prepares and presents relevant information for strategic planning and long-range forecasting sessions and actively participates to ensure alignment with the Company’s vision and goals.

• Partners with leadership on all IT-related M&A activity and leads the development of financial proformas and synergy plans.

• Manages the integration of acquired businesses into the LabCorp suite of processes, systems, and policies.

• Fosters strong relationships, trust, and camaraderie within the IT team, finance teams and across the organization, promoting a collaborative and supportive work environment.

Controls and Compliance

• Promotes solid cost management behavior in the business, advocating for financial disciplines and risk management processes. 

• Advises the business on ways to assume greater degrees of financial accountability, fostering a culture of responsibility.

• Ensures compliance with Corporate and internal policies, maintaining high standards of governance.

• Supports Internal Audit engagements, evaluates findings, prepares action plans, and ensures timely execution. 

• Approves Division travel and vendor-related expenses, ensuring prudent financial management. 

Qualifications

• Bachelor’s degree with 12+ years of relevant financial management experience (financial modeling, analysis and reporting, forecasting and budgeting experience), preferably with a large global company within a service industry. Prior experience influencing and communicating with leadership of a global company.

• Deep experience as FP&A support for a corporation, division, segment or function within a publicly traded company.

• Ability to team effectively with executive leadership, finance leadership and operational leadership.

• Prior experience working with and supporting a global