Principal Financial Analyst, CRMDX

Additional Location(s):  N/A

 

Diversity - Innovation - Caring - Global Collaboration - Winning Spirit - High Performance

At Boston Scientific, we’ll give you the opportunity to harness all that’s within you by working in teams of diverse and high-performing employees, tackling some of the most important health industry challenges. With access to the latest tools, information and training, we’ll help you in advancing your skills and career. Here, you’ll be supported in progressing – whatever your ambitions.                

 

About the role:

Boston Scientific is seeking a Principal Financial Analyst to support our growing Cardiac Rhythm & Diagnostic Services (CRMDx) business.  Reporting to the Director of Finance, this individual will be responsible for financial planning, reporting and analysis, along with preparation of financial plans and forecasts based on performance expectations, and gathering and publishing financial information related to historical, current and future performance. 

Your responsibilities will include:

• Develop detailed financial forecasts for a broad portfolio of medical device products, including pulse generators, leads, systems and monitors across the Cardiac Rhythm Management (pacemakers and defibrillators) and Diagnostics (implantable and ambulatory electrocardiograph monitoring) franchises incorporating historic, trended and current business information.
• Analyze de novo / initial and replacement implant volume, average selling prices and market trends, including market size, share and competitive product portfolios. Stay current with competitive intelligence and competitive dynamics. 
• Monitor sales and standard cost performance versus budget by highlighting material variances using system generated detail and trend reports. Analyze and rectify discrepancies.  
• Prepare and distribute financial reports, packages and presentations by gathering and analyzing information related to current performance.
• Understand revenue recognition considerations and accounting adjustments to support forecasting and reporting on financial results. 
• Provide financial decision support and perform financial analysis, as directed by management, and recommend alternatives courses of action by utilizing appropriate financial and valuation tools (e.g. EVA, NPV analysis).
• Evaluate new business opportunities, potential acquisitions, new products, tax planning and spending initiatives by modeling alternative financial scenarios (e.g. revenues, profitability etc).
• Support new product launches and transition to next generation platforms. 
• Develop and utilize sound financial processes and build consensus for sales and standard margin forecasts for long-term strategic plans, annual operating plans and forecasts submissions. 
• Liaison with franchise general management, marketing, supply chain, sales leaders, sales operations, global regions, finance management and investor relations regarding market and sales trends. Establishes and promotes a collaborative work environment.  

 

What we're looking for:
Required Qualifications

• Bachelor’s degree in Finance or Accounting
• Minimum of 5 years relevant FP&A experience
• Strong analytical and accounting skills 
• Hybrid role based in Arden Hills, MN; Ability to be in the office 2-3 days per week for business partnering and to drive key review meetings

Preferred qualifications: 

• Higher education (MBA or CPA)
• Hyperion Financial Management / SmartView and SAP experience a plus
• Excellent verbal and written communication skills
• Highly organized and capable of managing multiple priorities in a fast-paced and dynamic environment autonomously while adhering to deadlines and having attention to detail
• Strong interpersonal skills which provide the ability to establish and build working relationships with individuals throughout the organization. Highly developed customer relationship skills with strong service orientation
• Excellent computer skills (financial modeling, Excel, PowerPoint)

 

 

 

Requisition ID: 580242

As a leader in medical science for more than 40 years, we are committed to solving the challenges that matter most – united by a deep caring for human life. Our mission to advance science for life is about transforming lives through innovative medical solutions that improve patient lives, create value for our customers, and support our employees and the communities in which we operate. Now more than ever, we have a responsibility to apply those values to everything we do – as a global business and as a global corporate citizen.

 

So, choosing a career with Boston Scientific (NYSE: BSX) isn’t just busi