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Mgr Finance Operations

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Date: Jan 12, 2022

Location: Lakewood, CO, US

Company: Terumo BCT, Inc.

Requisition ID:  28624  

 

At Terumo Blood and Cell Technologies, our 7,000+ global associates proud to come to work each day, knowing that what we do impacts the lives of patients around the world.

 

We make medical devices and related products that are used to collect, separate, manufacture and process various components of blood and cells. With our innovative technologies and service offerings, we touch a patient’s life every second of every day and are committed to continuing to increase the number of patients we serve.

 

With some of the best and brightest minds in the industry, an unmatched global footprint, comprehensive benefits and a distinct culture, Terumo Blood and Cell Technologies is a great place to work, grow and be part of a team that is focused on making a difference. Consider joining our team and unlock your potential. 

JOB SUMMARY

Leads financial management for Terumo BCT’s U.S. medical device factories, including aspects of both accounting and control, as well as financial planning and analysis. As a member of the extended U.S. Operations factory leadership team, works as a close advisor to Operations leadership in the factories, providing timely and actionable analysis of factory costs and forward-looking projections.  Supervises a staff of four.  Reports to the Vice President- Global Controller, with a dotted line relationship to the Global Director of Financial Planning and Analysis for Operations, Quality and R&D.  The head of U.S. factory Operations - and his staff - are key internal customers.

 

ESSENTIAL DUTIES

 

Financial Planning and Analysis

 

  • Responsible for understanding and communicating manufacturing plant variance analysis in a clear fashion to manufacturing and financial management (Materials – price variance/scrap, Direct Labor – efficiency/rate, Overhead – operating expense spend, indirect labor, absorption).
  • Provide forecasts of manufacturing plant variance for periods extending from one to 12 months, utilizing business intelligence from financial trends and specific input from Operations leadership.
  • Provide forecasts of capital spend and monthly reporting for U.S. manufacturing operations.
  • Responsible for development and communication for the weekly factory flash, with interim updates on aspects of plant variance, including direct labor efficiency, scrap, and absorption.
  • Ensure operating expense reviews are held timely and often with cost center owners in the factories.
  • Take the lead in compiling monthly factory review presentation deck for Global Senior VP of Manufacturing Operations.
  • Work with the Global Financial Planning & Analysis-Operations team to produce standard costs that are calculated and established following current best practices and Terumo BCT policy.
  • Work with Global FP&A-Operations in development of all forward-looking product costing estimates as part of new business analysis, annual planning, and long-range planning processes.

 

Accounting and Control

 

  • Responsible for the integrity and accuracy of the financial reporting of all U.S. manufacturing operations activities.
  • Maintains the overall effectiveness of the cost accounting function, and its relationship within factory management.
  • Supervise and perform as necessary detailed accounting activities, including journal entries and account reconciliations.
  • Supervise certain key internal controls, such as reviews of material price variances and cycle counts.
  • Ensure the cost accounting function is well integrated with the general accounting activities of the organization.  Gain an in-depth understanding of processes that are performed outside of the factory cost accounting area – such as payroll and benefits accounting, fixed assets accounting, and general accounting – and work with those in the Terumo BCT North America Finance team to ensure a full understanding of how those processes impact factory numbers.
  • Directs the development of manufacturing related SAP systems to ensure integrity in accordance with generally accepted accounting principles and Terumo BCT accounting policies.
  • Supervise execution of cost rolls in SAP material master for raw materials and finished goods associated with U.S. manufacturing operations.
  • Works closely with any and all functions in the organization to ensure development and execution of processes relating to the cost accounting, manufacturing and internal finished goods flows.
  • Oversees the preparation of financial information for internal and independent auditors as it pertains to the cost accounting function and related activities and transactions. 
     
     OTHER DUTIES AND RESPONSIBILITIES
  • Leads special cross-functional projects as assigned.
     

MINIMUM QUALIFICATION REQUIREMENTS

 

Education

  • Bachelor’s degree or, equivalent of education and experience, sufficient to successfully perform the essential functions of the job may be considered.  Field of study concentrated in Accounting, Finance, Operations Management or Engineering (combined with relevant financial experience).
     

Experience

  • Minimum 8 years of experience in a financial management role. 
  • Experience with financial management in a manufacturing setting highly preferred.  Experience in medical devices or pharmaceuticals a plus.
     
    Skills
  • Knowledge and experience with cost accounting, and adequate technical knowledge of the accounting requirements and practices generated by professional standard-setters.
  • Also requires a strong understanding and experience in general accounting of broad business transactions and their impacts to the manufacturing operations areas of the organization.
  • Ability to professionally handle confidential material and associated issues.
  • Ability to work cross functionally in a collaborative team-oriented environment, especially with Operations leaders and colleagues within other Finance functions.
  • Ability to independently set and accomplish objectives and sets priorities in area of responsibility.
  • Experience with SAP or similar ERP system in a manufacturing and financial setting strongly preferred. Experience with Adaptive planning software, and SAP’s BPC Financial Planning and Consolidation software, are a plus.
  • Knowledge and use of relevant Microsoft applications and skills to use them effectively (Excel, Power Point, Power BI).
  • Demonstrated ability to communicate effectively both verbally and in writing.
  • Proven ability to manage a small team
     

Certificates, Licenses, Registrations

 

MBA, CPA, or CMA preferred, or an equivalent competency level acquired through a variation of these qualifications may be considered.

 

PHYSICAL REQUIREMENTS

Typical Office Environment requirements include reading, speaking, hearing, close vision, walking, bending, sitting, and occasional lifting up to 20 pounds.

 

The physical demands described here are representative of those that must be met by an associate to successfully perform the essential duties of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential duties.

 

 

Target Pay Range:  $104,800.00 to $131,000.00  -  Salary to be determined by the education, experience, knowledge, skills, and abilities of the applicant, internal equity, and alignment with market data
Target Bonus on Base:  10.0%

 

At Terumo Blood and Cell Technologies, we provide competitive total reward offerings that consist of compensation, benefits, recognition, along with a wealth of other well-being, work-life and recognition programs which support in unlocking the potential for you and your family. Included in our expansive list of benefits offerings are multiple group medical, dental and vision plans, a robust wellness program, life insurance and disability coverages, also a variety of voluntary programs such as group accident, hospital indemnity, critical illness, pet insurance and much more. To help you save for retirement, we offer a 401(k) plan with a matching contribution and for work-life balance we have vacation and sick time programs for associates. For us, it’s about protecting the personal welfare of our associates and their families, helping to achieve personal goals and offering those extra touches for convenience, security and overall peace of mind.

 

  • Terumo Blood and Cell Technologies is part of Terumo Group, founded in 1921 and headquartered in Tokyo, Japan.
  • In 2019, Terumo Blood and Cell Technologies reached $1 billion in revenue.
  • We employ nearly 7,000 associates globally, with global headquarters in Lakewood, CO, U.S., and regional headquarters in Brussels, Buenos Aires, Singapore and Tokyo.
  • We manufacture devices, disposable sets and solutions at our facilities in Belgium, India, Japan, Northern Ireland, the U.S. and Vietnam. Our global presence enables us to serve customers in more than 130 countries.
  • Our core values help set our direction, guide our actions and keep us true to our corporate mission of contributing to society through healthcare.
    • Respect – Appreciative of others
    • Integrity – Guided by our mission
    • Care – Empathetic to patients
    • Quality – Committed to excellence
    • Creativity – Striving for innovation
  • We contribute to the Leukemia and Lymphoma Society (LLS), raising $1.3 million USD since 2007.

 

We are proud to be an Equal Opportunity Affirmative Action Employer.  All applicants will be afforded equal opportunity without discrimination because of race, color, religion, sex, gender identity or expression, sexual orientation, marital status, order of protection status, national origin or ancestry, citizenship status, age, physical or mental disability unrelated to ability, military status or an unfavorable discharge from military service.

 

Terumo Blood and Cell Technologies is committed to providing a safe, healthy and secure working environment. Our Colorado campus locations are tobacco-free workplaces and we maintain a drug-free workplace and perform pre-employment substance abuse testing and detailed background verification. Absent accommodation permitted by applicable law, as a condition of employment with Terumo Blood and Cell Technologies in the United States you must be fully COVID-19 vaccinated and provide valid proof of vaccination to the company.


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