Business Unit Controller I

Position Summary

The Business Unit (BU) Controller I is responsible for the oversight of the financial and accounting performance of the Healthcare business unit. The BU Controller will provide business guidance and financial support for the business by being a core member of the leadership team.

The financial responsibilities include, but are not limited to, development of competent business unit accounting/analytical teams, insuring the accuracy of monthly results; performing financial analysis of monthly results; oversight and responsibility for financial reporting and system integration; business unit capital spending and analysis; preparation, review and analysis of financial statements; preparation of budgets and forecasts as well as establishing and maintaining systems of good internal controls.

This position will have 1 direct report.

Duties

Financial Reporting and Analysis – 45 - 50%

• Plan, direct, and administer the business unit’s financial accounting activities in accordance with company and financial group policies and objectives.
• Monthly, provide Group Controller and business management a recap of the actual results with a detailed analysis. This would include analysis, comparison to plan, major variances, and contributions to:
  • Revenue (pricing/volume)
  • Margin analysis
  • Operating Expense
• Advise non-financial business unit management on matters pertaining to accounting issues, revenue recognition, and expense management.
• Complete required forecasts – of all major revenue and expense categories. Identify and refine leading indicators for the business; identify trends; quantify impact.
  • Monthly – update on current Quarter
  • Quarterly – update on current Quarter and balance of year
• Drive forecast alignment and forecasting accuracy minimizing inventory levels, increase inventory turns, and improve customer service levels.
• Institute key metrics and reporting that measure the performance of the business in North America and globally.
• Ongoing, identify opportunities or areas of financial underperformance, conduct an in-depth analysis and make appropriate recommendations. Initiate detailed action plans in cross-functional department teams to implement initiatives and proposals.
• Review and analyze costs for all key products and product lines. Analyze product profitability and develop profit improvement initiatives.
• Analyze, identify, interpret, and correct target areas for improvement opportunities.

Business Strategy – 30%

• Manage and direct strategy and planning requirements to ensure profitable growth on business unit level and identify business opportunities.
• Assist in the creation of the business’ Strategic Plan. This would include providing “financial” insight into the long-term growth in the business, both in North America and globally, addressing financial opportunities and risks.
• Primary responsibility to complete the annual financial plan for the business. This includes revenue (ensuring realistic quota setting), gross margin, and operating expenses. This plan is done in partnership with business unit management within corporate oversight and direction.
• Partner with “key customers” to identify and explore alternative methods to grow the business e.g. acquisitions, organic growth, customer penetration, etc.
• Provide financial input and assist sales and marketing in the preparation and analysis of customer proposals and product offerings that provide financial incentive (compelling value proposition) to customers.
• Advise on impact of pricing actions, monitor existing pricing and quantify impact.
• Assist in the design and development of any compensation plan, ensuring it drives the right behaviors and it is financially sound. Monitor and evaluate effectiveness of any incentive plan and make appropriate recommendations. Review and approve payout of sales incentives and monitor incentive accruals.
• Participate in product portfolio analysis; prepare financial analysis of proposed and current new product development programs; develop target cost and standard cost of proposed new product throughout project, monitor and report on metrics throughout project.
• Lead financial resource on any acquisitions: preparation / review of financial case; participation in due diligence and integration.
• Support LEAN initiatives.
• Develop reports, monitoring.

Duties - cont'd

Financial Controls – 20%

• Ensure consistency of the financial reporting with Group and Corporate standards.
• Create and/or enhance processes and systems to pro-actively assess key financial levers, e.g. pricing, gross margin, cost control, and/or revenue areas.
• Ensure proper accounting of expenses, as well as proper revenue recognition.
• Oversee internal controls within business; ensure Sarbanes Oxley compliance within the business unit.
• Be the “financial “conscience” for the business, ensuring integrity of the systems, as well as appropriate allocation of expenses/revenue.
• Ensure financial review of all major contracts prior to signing, including terms, short-term and long-term profitability, and any potential exposure to the Company and recommended deletions, changes, or additions to the contract.
• Design and implement appropriate financial and operational reporting.
• Determine appropriate tracking mechanisms for cost savings and contract compliance.

Education Degree

Required Experience

• 10 years finance and/or accounting experience, which must include:
  • Experience would include progressive roles in finance controller or plant finance manager positions.
  • Strategy development / strategic planning experience.
  • Experience directly managing finance processes.
• 8 years financial reporting and analysis, cost accounting developing metrics experience required.
• Prior responsibility of overseeing internal controls for a business; working knowledge of Sarbanes Oxley requirements.

Preferred Education /Experience

• Master's degree preferred.
• Oracle experience a plus.
• Acquisition experience preferred, including due diligence and integration experience.

Skills

• Advanced Excel, Access, Word and PowerPoint skills.
• Strong resolution and problem solving skills.
• Strong analytical skills and business acumen.
• Manufacturing and Operations accounting knowledge.
• Highly proficient in analyzing activities, interpreting financial / operating results, and identifying and implementing corrective actions.
• Expert knowledge of accounting theory and application of financial and accounting principles.
• Highly experienced in computer modeling and financial forecasting.
• Must have very strong spreadsheet and modeling skills.
• Highly proficient in use of financial analysis software.
• Excellent interpersonal, organizational, written and oral communication skills are required.
• Must be able to manage and prioritize competing tasks in a time sensitive environment.
• Must be able to identify, understand, and accurately account for differences in generally accepted accounting principles across complex international operations.
• Project management skills needed.
• Ability to influence business partners.

What we offer

The opportunity to join a company that will invest in you for the long-term. STERIS couldn’t be where it is today without our incredible people. That’s why we share in our success together by rewarding you for your hard work. Hiring people who are in it for the long run with STERIS is our ultimate goal. We do this by providing competitive salaries, healthcare benefits, tuition assistance, paid-time off, holidays, matching 401(k), annual merit, and incentive plans. Join us and help write our next chapter.

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