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VP of Finance/Divisional Controller - West Division
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.
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.
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.