VP, Operations Finance - Madison, United States - Accuray

Description

Give hope. Give health. Make your mark in the fight against cancer.

At Accuray, we make a direct and powerful impact on the lives of cancer patients every day — helping them live longer, better lives.

But our commitment to innovation offers a truly unique opportunity:

the chance to change the fight against cancer — helping to develop, introduce and support new treatment delivery systems and software that will give new hope and new health to cancer patients and cancer survivors around the world.

Accuray develops, manufactures and sells radiotherapy systems for alternative cancer treatments.

Our radiation therapy for cancer makes treatment shorter, safer, personalized and more effective, ultimately enabling patients to live longer, better lives.

Summary:

The VP of Operations Finance will demonstrate involvement and hands-on leadership to ensure the financial acumen, wellbeing, effective expense and payroll controls are in place across the portfolio.

They will provide support, guidance and will lend professional expertise to all operating departments to ensure that financial performance is optimized, that quality and service levels are maintained as established by Company and in compliance with local, state, federal and other compliance policies are upheld.

They will work to drive, measure, and manage key financial metrics, lead the profit agenda, develop strategic and annual operating plans, and drive standardization of scalable best practices across the business.

The successful candidate will possess strong and effective communications across multiple levels of the Company and across multiple functional organizations.

Excellent partnering and influencing skills are critical, with the ability to participate/and leverage cross-functional and regional teams.

Essential Duties and Responsibilities:
Develops, owns annual budgeting and monthly/quarterly forecasting for the organizations mentioned above. This includes revenue, headcount and all other operating expenses
Actively partner with business executives to better understand their organizational strategies and align the development of financial planning analytics that provide proper data sources to control investments and make informed decisions
Work collaboratively across the enterprise to communicate forecasts and variances that impact our business results
Oversees that financial planning and analytical operations are aligned with annual fiscal operating policies and procedures
Builds support for and implements initiatives that align with the Company's strategies and lead to positive business results.

Monitors the financial performance through on-going review of expenses and through the development, analysis and implementation of budgets and forecasts.

Responsible for partnering with global finance and operational colleagues to deliver short-term results and plan, execute long-term strategic plans and capital allocation.

Leading in-depth financial, variance, and trending analyses for key profitability drivers and other financial and non-financial metrics.
Interpret results and articulate actionable recommendations to maximize profitability and ensure financial targets are achieved
Analyze performance to plan/forecast/prior year and recommend appropriate actions to ensure financial targets are achieved
New business financial modeling and ROI
Develops financial models, forecasts, proposals, presentations, and performance measures to provide confidence to Executive Team regarding financial decisions
Identify critical areas of strength and weakness in financial performance leading to recommendations of forward-looking business strategies.
Involvement in processes that impact profitability such as resourcing and utilization.

Analysis and interpretation of results and preparation of financial and operating reports to support financial planning, control and performance management processes.

Ensure activities comply with legal, professional and ethical standards.

Participate in the development of global management reporting systems and accounting methods to improve existing procedures or the communication of management information.

Drive and develop relationships across the business and broader finance function in order to understand business and information requirements.
Embrace change and positively develop and implement change programs throughout finance and the organization.
In addition to the above, here are some specifics pertaining to the Service and R&D functions:
Service
Work with the commercial teams to develop attractive customer-centric offerings through product life cycle to drive profitable top-line growth for the service business
Optimize regional cost structure by developing and monitoring the right operational and financial KPI's to ensure right service coverage models
Work closely with the Service leaders to financially optimize in-direct service channel and develop conversion plans to go-direct for key countries
Design and develop analytics resulting in P&L views by region / customer / distributor to determine the true profitability of the service business
Go deep on any service costs such as parts consumption, freight, overtime, fleet, purchased-service etc. to drive productivity – develop a margin expansion framework around these areas
Work closely with counterparts in the supply chain to ensure that Service inventory is at optimum levels and continue to optimize global warehouse strategy
Serve as a partner to the global and regional teams to put together predictive analytics on the service business to better forecast and provide financial insights
R&D
Serve as the business partner to the R&D / Engineering team to ensure that costs and CAPEX spend are being managed effectively
Keep a pulse on ongoing programs and ones in the pipeline to ensure that the right return on investment exists
Challenge the teams to ensure that the projects are staying on-time and within budget
Create NPV & IRR modeling for all new NPI programs along with develop a process to track NPI Vitality.
Plan & track budget on End-of-Life progress
Continue to look for ways to drive productivity in the organization while delivering results
Operations
Actively partner with the Operations staff to better understand their organizational strategies and align the development of financial planning analytics that provide proper data sources to control investments and make informed decisions
Drive Procurement team to identify new supplier opportunities that will lead to purchase of new higher quality parts at lower price points/economies of scale purchasing
Drive effort on strategic opportunity identification to reduce manufacturing and service inventory levels and associated E&O without reducing customer satisfaction
Review all Return on Investment analyses for all strategic capital investments
Business partner with both the Madison and China Plant Controllers with FP&A related matters in order to work collaboratively across the enterprise to communicate global forecasts and variances that impact our business results

Qualifications:

Bachelors' degree in business or a related field of study, or appropriate combination of education and work experience to ensure on-the-job success.

10-15 years of previous experience in operations finance in med tech space or within capital equipment
Experience with global finance
Deep commercial and FP&A experience
Progressive experience in Finance or Business Analysis.
Demonstrated financial acumen with significant past P&L responsibility.
Exceptional communication skills, in both verbal and written formats; Experience in developing and delivering financial information and presentations.
Proven leadership skills in supporting employees to consistently attain personal, departmental and organizational performance goals.
Team player with demonstrated ability to lead and influence others outside of their direct-reporting lines.
Proactive approach, with exceptional initiative and problem-solving abilities to ensure the highest levels of productivity and guest satisfaction.
Ability to work effectively as an independent contributor, and as a part of a collaborative team.
Ability to multi-task and effectively manage numerous priorities within a fast-paced environment.
Strategic thinker with excellent analytical, critical thinking, problem-solving, interpersonal, and relationship-building skills.
Expertise in Excel, financial modeling, cash flow valuation, scenario/sensitivity analysis, and ROI, NPV, and IRR analyses.
Deep knowledge of how to make effective financial decisions based upon financial models, scenario analysis and experience.
The ability to develop and drive strategic operating plans and forecasting.
The ability to engage with and influence key stakeholders to provide strategic guidance and decision support.
Accuray Pay Transparency Statement
Accuray pay ranges vary based on work location.

As a part of the total compensation package, this role may be eligible for the Accuray Bonus Plan or a role-specific commission/bonus, as well as annual refresh stock grants.

Recruiters can share more detail during the hiring process.

Each candidate's compensation offer will be based on multiple factors including, but not limited to, geography, experience, skills, future potential and internal pay parity.

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