At Globus Medical, we move with a sense of urgency to deliver innovations that improve the quality of life of patients with musculoskeletal disorders. Our team is inspired by the needs of these patients, and the surgeons and healthcare providers who treat them. We embrace a culture of exceptional response by partnering with researchers and educators to transform clinical insights into tangible solutions. Our solutions improve the techniques and outcomes of surgery so patients can resume their lives as quickly as possible.
Position Summary:
Reporting to the Sr Director, Operations Controller, the Cost Analyst will work closely with the Cost Accounting and Product Development Teams to provide meaningful analysis related to new product launches. Essential functions of this role include the ability to work closely with engineers as well as accountants, perform detailed analysis of costs and margins and perform product comparisons between plants. This role will be a key contributor analyzing and verifying financial data presented in all product related Market Introduction Plan presentations. The ideal candidate is a self-starter, detail-orientated, organized and deadline driven. The candidate will also be able to work in a fast-paced environment with changing priorities. To be successful, this individual must be able to effectively communicate, collaborate and research topics accordingly to help drive the business forward.
Essential Functions:
Review Market Introduction Plans (MIP) from Engineering team.
Review all financial data and reconcile to provided quotes from external or internal Suppliers
Evaluate changing business and industry trends that may impact the MIP.
Challenge target costs well as the internal quoted costs for these products.
Review Capital requirements to launch new products in house to ensure they align with MIP documentation.
Participate in meetings to explain margin analysis related to MIP’s.
Work closely with Cost Accountants at each of the plants to ensure accurate costs are presented in the MIP’s.
Train Engineering Team on different cost methods and how they impact the margins on a new product.
Perform after product launch analysis to compare projected margins with actual margins and explain the causes for the difference.
Assist in driving operational improvements and support high visibility projects as needed.
Perform ad hoc financial analysis
Adheres to the letter and spirit of the company Code of Conduct, the AdvaMed Code, MedTech Code, and all other company policies.
Ensures Compliance with applicable governmental laws, rules, and regulations, both in the United States and internationally, by completing introductory and annual training and maintaining knowledge of compliance as it applies to your role
Represents the company in a professional manner and uphold the highest standards of ethical business practices and socially responsible conduct in all interactions with other employees, customers, suppliers, and other third parties of Globus
Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.
Qualifications:
Bachelor’s degree in finance
At least 2 years of Finance experience preferably with a manufacturing company.
Strong understanding of financial concepts and basic understanding of U.S. GAAP
Proficiency with Microsoft Office
Advanced Excel skills and strong presentation skills. An Excel proficiency test will be administered as part of the interview process.
Ability to meet assigned deadlines, work well under pressure and provide timely results.
Have collaborative style and be able to work effectively across functional groups.
Self-Starter with the ability to work independently with little or no supervision
Derive energy from facing challenges and provide actionable solutions
Strong commitment and work ethic
Excellent communication and problem-solving skills
Requires a demonstrated ability to be objective and use good judgment
Ability to troubleshoot critical issues in a timely fashion
Good social acumen
Strong conceptual and analytical thinking
Ability to analyze data and provide evidence-based recommendations
Well organized, detail-oriented team player with proven ability to multitask effectively while adapting to changing priorities
Possess intellectual curiosity and drive improvements while working closely with area leadership
Physical Demands:
The physical demands listed here are representative of those that must be met by and employee to successfully perform the essential functions of this job.
Required to sit; climb or balance; and stoop, kneel, crouch or crawl
Required to regularly lift and/or move up to 10 pounds, and occasionally lift and/or move up to 25 pounds
Required to possess specific visons abilities, including: close vision, distance vision, color vision, peripheral vision, depth perception and capacity to adjust focus.
Our Values:
Our Life Moves Us philosophy is built on four values: Passionate About Innovation, Customer Focused, Teamwork, and Driven.
Passionate about Innovation: Improving patient care by delivering advanced technology to our customers is at the core of what we do. We are passionate in our role in improving the lives of patients by continuously developing better solutions.
Customer Focused: We listen to our customers’ needs and respond with a sense of urgency.
Teamwork: Working together, anything is possible. We value every person on our team and treat each other with respect. We are accountable to one another and support each other. Together, we make each other stronger.
Driven: We pursue our mission with energy and passion. We are nimble, results-oriented and decisive. We overcome obstacles that arise in our quest to deliver solutions that will improve the lives of our customers and patients.
Equal Employment Opportunity:
Globus Medical is an equal opportunity employer. All applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, age, disability, marital status, pregnancy, national origin or citizenship. We are committed to a diverse workforce. We value all employees’ talents and support an environment that is inclusive and respectful.
Other Duties:
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.