VP of Finance/Divisional Controller - West Division at LABORATORY CORP OF AMERICA HOLDINGS

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VP of Finance/Divisional Controller - West Division

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Location San Diego, California Job ID 20-95833

Laboratory Corporation of America® Holdings, an S&P 500 company, is currently seeking a VP of Finance/Divisional Controller for our West division.

This individual's responsibility will include the following:

Business Partner/Financial Leader

  • Reports to the CFO for the LabCorp Diagnostics segment ($7B in revenue) and functions as business partner and decision support to the SVP of the West Division (~$1B in revenue).
  • Financial leader of the business and member of the Division's operating committee (leadership team).
  • Leads and manages the Divisional finance, contracts, pricing, and leasing teams.
  • Partners with the Divisional Senior Vice President and Sales Leadership to deliver profitable and sustainable growth.
  • Ensures that the Division allocates resources effectively with rigorous pressure on costs and a commitment to value creation.
  • Utilizes key metrics to guide leadership team decisions. Develops and utilizes various tools to provide status of metrics and highlight actions and levers required to improve profitability.
  • Builds and develops a high performance team with bench strength and multiple succession candidates.
  • Leads development of a high performance culture.

Finance Management, Control and Advisory

  • Ensures Division consolidated financial performance information is accurate and timely.
  • Understands and challenges the financial position of each business area (e.g. Division sub-regions), holding budget owners accountable for their performance and supporting the management teams in required analysis.
  • Provides bridges and variance reporting (e.g. actual vs. budget, forecast and prior year) to Segment, Division and Corporate leadership.
  • Interprets variations in product and price mix while providing actionable insights to address issues or capitalize on growth opportunities.
  • Leads the intervention, investigation and resolution of in-year and short-term financial issues.
  • Ensures effective use of capital by utilizing appropriate governance, risk management, financial performance measurement and post-investment reviews. Approves all capital and lease requests.

Analysis, Budget and Forecast

  • Delivers the annual divisional budget with appropriate waterfall bridges, key year over year metrics and analysis of market trends.
  • Ensures accurate monthly forecasts based on relevant and timely business information.

Controls and Compliance

  • Supports solid cost management behavior in the business, promoting financial disciplines and risk management processes.
  • Advises the business on ways of assuming greater degrees of financial accountability.
  • Ensures that Corporate and internal policies are followed.
  • Supports Internal Audit engagements. Evaluations all findings, prepares action plans and ensures timely execution.
  • Approves and monitors Division travel and vendor related expenses.

Strategic Planning/M&A

  • 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.
  • Supports all Division M&A activity and leads the development of financial proformas and synergy plans.
  • Coordinates the integration of acquired businesses into the LabCorp suite of processes, systems and policies.
  • Serves as a subject matter expert to engage with key customers, lead the development of business cases and support the negotiation of essential financial terms for new business opportunities.

Requirements

  • Bachelor's Degree and minimum of 7 years of progressive experience in financial management
  • MBA, CPA, CMA preferred
  • Experience as a CFO, Controller or Division Financial Leader of a division or company with minimum revenue of $300million
  • Strong understanding of the healthcare market including managed care (insurer), provider, health system and patient relationships
  • Local market experience and exposure to delegated risk arrangements, preferred
  • Demonstrated success in working in matrixed environment.
  • M & A Experience, Strategic thinker who can lift insights form the core data and use those insights to influence the team.

Shift

1

Schedule

Monday - Friday, 8:00am - 5:00pm
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