Finance Manager

Job Title

Job Description

The Manager Finance, Ultrasound & Enterprise Informa, is responsible for partnering with the Finance Business Partner and business leaders to deliver on the business’s financial objectives and commitments across the Commercial Market/Country.  This commercially focused role monitors financial performance, analyzes results and defines corrective actions.  The role supports strategic and tactical planning as well as annual and quarterly financial forecasts.  Additionally, you will evaluate and shape commercial opportunities to ensure profitable growth and maintain compliance with financial policies and procedures.

Your role:

• Support the financial planning and analysis of the North America commercial operations of two business units - Ultrasound (ULS) and Enterprise Informatics (EI).This entails supporting development of the annual operating plan, quarterly forecasts and financial business cases. You will work cross-functionally to analyze the results and build forecasts, understanding the financial risks, mitigation strategies and, to identify opportunities.In partnership with the Finance leadership, you will provide financial insights and guidance to enable leadership to drive profitable growth. Additionally, you will support profitability through detailed planning and tracking of cost drivers (headcount, incentives, allocated costs) and through identifying variances and taking actions to mitigate unfavorable impacts.

• Drives continuous improvement of financial processes, tools, and systems by identifying gaps and contributing to cross-functional initiatives. Ensures adherence to internal controls, corporate governance policies, and regulatory requirements, while identifying areas for improvement in financial practices. Supports the structuring of commercial opportunities and the evaluation of proposals to ensure profitability targets are achieved.  Collaborates closely with Contracts, Legal and business leadership to shape the financial terms and conditions of commercial agreements.

• Evaluates commercial proposals (commercial quote reviews) for financial profitability and collaborates with the sales and contracting teams to ensure agreements protect Philips’ interests (finance terms & conditions). You will also, collaborate closely with Financial Planning & Analysis (FP&A) and Accounting to ensure the accuracy and completeness of financial reporting, evaluate financial results and build reporting presentations. Supports the design and execution of complex financial models to assess strategic options such as market entry, while partnering on cross-functional initiatives, ensuring financial goals are integrated into broader business strategies.

You are the right fit if:

• You’ve acquired 5+ years and a Bachelor’s degree or 3+ years with Masters’ degree in areas such as Business Partnering, Corporate Finance, Financial Planning and Analysis or equivalent.  You will possess progressively relevant finance experience gained in a large multinational environment or the Big 4 (EY, Deloitte, KPMG or PWC), highly preferred.

• Your skills include a commercial background (required) with the ability to partner with management at all levels and to lead major projects and initiatives, intellectual capacity to digest complex information, see trends & analysis through data, ability to balance speed and accuracy, while working with multiple internal and external stakeholders to prepare deliverables.

• You have a Bachelor’s degree or Master’s degree in Finance, Economics, Business Administration, Accounting or equivalent.

• You must be able to successfully perform the following minimum Physical, Cognitive and Environmental job requirements with or without accommodation for this position.

• You’re a strong communicator and collaborator who works effectively across matrix organizations. Analytical thinking with the ability to lead actionable growth opportunities and pragmatic approach to problem solving.

How we work together 

We believe that we are better together than apart. For our office-based teams, this means working in-person at least 3 days per week. Onsite roles require full-time presence in the company’s facilities. Field roles are most effectively done outside of the company’s main facilities, generally at the customers’ or suppliers’ locations. 

This is an office role.

 About Philips:

We are a health technology company. We built our entire company around the belief that every human matters, and we won't stop until everybody, everywhere, has access to the quality of healthcare that we all deserve. Do the work of your life to help improve the lives of others.

• Learn more about our business.

• Discover our rich and exciting history.

• Learn more about our purpose.

• Learn more about our culture.

Philips Transparency Details  

The pay range for this position in Cambridge, MA is $130,000 to $206,000. 

The actual base pay offered may vary within the posted ranges depending on multiple factors including job-related knowledge/skills, experience, business needs, geographical location, and internal equity.     

 In addition, other compensation, such as an annual incentive bonus, sales commission or long-term incentives, may be offered.  Employees are eligible to participate in our comprehensive Philips Total Rewards benefits program, which includes a generous PTO, 401k (up to 7% match), HSA (with company contribution), stock purchase plan, education reimbursement and much more.  Details about our benefits can be found here.   

 At Philips, it is not typical for an individual to be hired at or near the top end of the range for their role and compensation decisions are dependent upon the facts and circumstances of each case.   

Additional information:

US work authorization is a precondition of employment. The company will not consider candidates who require sponsorship for a work-authorized visa. 

Company relocation benefits will not be provided for this position. For this position, you must reside in or within commuting distance to Cambridge, MA.

This requisition is expected to stay active for 45 days but may close earlier if a successful candidate is selected or business necessity dictates.  Interested candidates are encouraged to apply as soon as possible to ensure consideration.

Philips is an Equal Employment and Opportunity Employer including Disability/Vets and maintains a drug-free workplace.