Baxter International

Director, Finance

Baxter International$176K — $242K *
Healthcare
11 - 15 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's in Accounting, Finance, or related field; MBA/CPA/CMA preferred.
  • Over 15 years of professional experience, including leadership in finance.
  • Deep understanding of Third-Party Reimbursement and its complexities.
  • Strong knowledge of GAAP accounting principles and acquisition accounting.
  • Strong business acumen with ability to partner with senior leadership.

Responsibilities

  • Lead financial planning and analysis for Respiratory Health and Cardiology divisions.
  • Manage a team of finance managers, focusing on their development and succession.
  • Oversee M&A activities, develop acquisition models, and conduct due diligence.
  • Influence business strategy through financial expertise and collaboration with senior leaders.
  • Analyze third-party reimbursement and optimize pricing strategies.
  • Ensure compliance with GAAP and internal controls for divisional operations.
  • Provide forecasts to support inventory management and S&OP processes.

Benefits

  • Comprehensive medical and dental coverage starting on day one.
  • Employee Stock Purchase Plan with stock purchase at a discount.
  • 401(k) Retirement Savings Plan with company matching.
  • Flexible Spending Accounts and educational assistance programs.
  • Generous paid time off policies ranging from 20 to 35 days based on service.
Full Job Description

Role Summary

Business Unit Finance Leader for the Respiratory Health and Cardiology divisions of Baxter International. Full P&L responsibility for two high-growth divisions within Front Line Care with revenues exceeding $2670M and annual growth of 10%+ in $2B+ TAMs.  Strategic business partner and advisor for Divisional Business Leaders.  Directs the financial planning and analysis activities to drive improved business results in assigned divisions.  This role is the critical subject matter expert in areas such as Third-Party Reimbursement, Planning/Forecasting, target setting, ROI and NPD financial modeling, reporting, and ensuring the business meets deliverables.  Directs a team of managers that will assist with planning/reporting as well as finance ownership for the Respiratory Health and Cardiology divisions.  For Cardiology, this role also directs the Controllership function including monthly close processes, financial systems and controls, and other accounting functions such as Accounts Payable, Accounts Receivable/Collections, Inventory Management, Tax Compliance, and Treasury.   This role is recognized as strategic and influential in the business, with regular interactions with Division and Segment senior leadership.

 What you'll be doing

  • Proactively lead the RH and Cardiology financial planning and analysis activities, including planning, forecasting, long-range planning, monthly operation reviews preparation, reporting, and analysis.
  • Leads a strong team of Managers with focus on development and succession planning.
  • Leads Finance workstream for M&A activity in both divisions, develops acquisition models, and leads finance due diligence for potential acquisitions
  • Significantly influences the strategy of the assigned businesses through subject matter expertise and partnership with senior leaders in strategy development and deployment
  • Builds models and leads analysis on third party reimbursement for both divisions to drive maximization of average selling price and billing yield.
  • Partner with business leaders to lead the financial analysis and modeling of portfolio optimization initiatives, new product development decisions, and acquisition analysis including due diligence.
  • Oversee the controllership function for the Cardiology division including month-end close, financial controls, ERP system management, accounts payable and receivable, inventory management, tax compliance, and treasury.
  • Drive compliance with internal controls, Generally Accepted Accounting Principles (GAAP), SEC requirements, and Baxter Financial Policies and Procedures for all related entities and operations.
  • Establishes policies and guidelines within third party reimbursement in areas such as, but limited to, Patient Financial Assistance, receivable write-offs, and asset transfers.
  • Perform aspects of treasury operations including reviewing, approving, and releasing wires, ACH, and check payments in the banking systems.
  • Provide forecasts for the S&OP process to drive appropriate inventory levels.
  • Partner with Sales and Marketing leaders to provide guidance and approval on deal structure, contract and pricing decisions
  • Lead and participate in teams to define, develop, finalize, recommend and execute implementation project plans as appropriate.
  • Proactively focus on relevant business risks, lead appropriate risk assessments, and determine and drive implementation of mitigation plans.
  • Builds strong teams through motivation, direction, holding individuals accountable and providing challenging work.
  • Coaches and mentors individuals within and outside of team.

What you'll bring

  • Strong business acumen and judgment as well as understanding of relevant business environment.
  • Advanced knowledge of Third-Party Reimbursement with full understanding of the complexities of the business model
  • Ability to effectively influence and drive consensus with diverse stakeholders; demonstrated ability to manage multiple, competing priorities.
  • Strong negotiation, interpersonal communication, collaboration, and presentation skills.
  • Knowledge of GAAP accounting principles, tax and legal accounting (Knowledge of acquisition accounting a plus)
  • Demonstrated ability to partner with senior leadership
  • Skilled at assembling and managing both ongoing staff, Finance shared service center resources, as well as cross-functional teams as required
  • Decisive leadership, with ability to generate ideas, develop alternatives, rapidly decide upon best course of action and drive implementation of that decision.

Key Finance Competencies

  • Business Performance Management
  • Financial Analysis and Decision Support
  • Business Process and Data Management
  • Risk Management

Qualifications & Experience:

  • Bachelor's degree in Accounting, Finance or related field (or country equivalent).
  • MBA/CPA/CMA preferred.
  • Demonstration of key finance competencies and qualifications and typically 15+ years of experience.
  • Proven experience in the healthcare industry, preferably in a leadership role

Baxter is committed to supporting the needs for flexibility in the workplace. We do so through our flexible workplace policy which includes a required minimum number of days a week onsite. This policy provides the benefits of connecting and collaborating in-person in support of our Mission. The flexible workplace policy is subject to local laws and legal requirements. At its discretion, Baxter may decide to adjust, suspend, or discontinue as business needs change.

We understand compensation is an important factor as you consider the next step in your career.

At Baxter, we are committed to equitable pay for all employees, and we strive to be more transparent with our pay practices. The estimated base salary for this position is $176,000 - 242,000 annually. The estimated range is meant to reflect an anticipated salary range for the position. We may pay more or less than of the anticipated range based upon market data and other factors, all of which are subject to change. Individual pay is based on upon location, skills and expertise, experience, and other relevant factors. This position may also be eligible for discretionary bonuses, commission, and/or long-term incentive. For questions about this, our pay philosophy, and available benefits, please speak to the recruiter if you decide to apply and are selected for an interview.

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time.

US Benefits at Baxter (except for Puerto Rico)

This is where your well-being matters. Baxter offers comprehensive compensation and benefits packages for eligible roles. Our health and well-being benefits include medical and dental coverage that start on day one, as well as insurance coverage for basic life, accident, short-term and long-term disability, and business travel accident insurance. Financial and retirement benefits include the Employee Stock Purchase Plan (ESPP), with the ability to purchase company stock at a discount, and the 401(k) Retirement Savings Plan (RSP), with options for employee contributions and company matching. We also offer Flexible Spending Accounts, educational assistance programs, and time-off benefits such as paid holidays, paid time off ranging from 20 to 35 days based on length of service, family and medical leaves of absence, and paid parental leave. Additional benefits include commuting benefits, the Employee Discount Program, the Employee Assistance Program (EAP), and childcare benefits. Join us and enjoy the competitive compensation and benefits we offer to our employees. For additional information regarding Baxter US Benefits, please speak with your recruiter or visit our Benefits site: Benefits | Baxter

About Baxter International

Baxter International Careers

Joining Baxter International means becoming part of a global team dedicated to transforming the future of healthcare. With a focus on innovation and leadership, Baxter offers unparalleled job opportunities in the medical technology industry. Work You’ll Do At Baxter, you will collaborate with some of the brightest minds in the industry to address some of the most challenging healthcare needs. Our commitment to enhancing healthcare through cutting-edge technology makes us a leader in our field. Transform your career and the future of healthcare with Baxter’s diverse team. Our culture of inclusion and diversity training ensures that every team member can thrive. Baxter is at the forefront of medical innovation, providing a platform for professional growth and development in a dynamic industry. Lead with Baxter’s Leadership Development Programs, designed to foster the next generation of industry leaders. Our programs are tailored to enhance your leadership skills and prepare you for progressive roles within our company. Work with a global team that values collaboration and innovation. At Baxter, you will find a supportive network that encourages career advancement and skill enhancement through continuous learning and professional development. Introducing Baxter International’s Career Growth Opportunities We are committed to offering a range of career paths that help our employees achieve their professional and personal goals. Baxter’s job opportunities span across various functions and regions, ensuring that you can find the perfect match for your skills and ambitions. Do Innovative Work Join Baxter International, a company known for its leadership in healthcare innovation. Our team is dedicated to developing solutions that improve patient outcomes and enhance the efficiency of healthcare providers worldwide. Be Part of a Great Team Baxter’s culture is built on collaboration, respect, and a commitment to excellence. We believe in the power of our people and invest in their growth through comprehensive benefits, competitive internship programs, and opportunities for networking and career development. Future-Proof Your Career Advance your career with Baxter International, where innovation meets opportunity. Our supportive environment is designed to nurture your professional growth, with resources like targeted training programs and access to global opportunities. Explore Discover how Baxter is leading the way in sustainable healthcare solutions and improving patient care across the globe. The Baxter International Difference Our combined expertise in medical devices and pharmaceuticals positions us uniquely in the market. Baxter’s commitment to innovation, diversity, and leadership helps our clients and partners excel in the rapidly evolving healthcare landscape. Stay Connected Join Our Team Search open positions that match your skills and interests. We are looking for passionate, curious, and solution-driven team players who are ready to make a difference. SEARCH BAXTER JOBS Keep Up to Date Stay ahead with career tips, insider perspectives, and industry-leading insights you can put to use today—all from the people who work here. READ CAREERS BLOG Job Alert Emails Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Explore the exciting and rewarding opportunities that await at Baxter International.
Learn more about Baxter International
Size
60,000 employees
Market Cap
$25.6 billion
Industry
Net Income
$1.1 billion
Founded
1931
5 Year Trend
+4.7%
Revenue
$11.6 billion
NASDAQ

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