Principal Financial Analyst - CRMDx

Additional Location(s):US-MN-Arden Hills

Diversity - Innovation - Caring - Global Collaboration - Winning Spirit- High Performance

At Boston Scientific, we'll give you the opportunity to harness all that's within you by working in teams of diverse and high-performing employees, tackling some of the most important health industry challenges. With access to the latest tools, information and training, we'll help you in advancing your skills and career. Here, you'll be supported in progressing - whatever your ambitions.

About the role:
Boston Scientific is seeking a Principal Financial Analyst to support our growing Cardiac Rhythm & Diagnostic Services (CRMDx) business. Reporting to the Director of Finance, this individual will be responsible for financial planning, reporting and analysis, along with preparation of financial plans and forecasts based on performance expectations, and gathering and publishing financial information related to historical, current and future performance. Performs market/product and financial analysis utilizing appropriate financial concepts and techniques. Develops projections and recommendations based on scenarios, builds consensus and recommends alternative courses of actions balancing tradeoffs.

Your responsibilities include:

• Develop detailed financial forecasts for a broad portfolio of medical device products, including pulse generators, leads, systems and monitors across the Cardiac Rhythm Management (pacemakers and defibrillators, leads, accessories, communicators and programmers) and Diagnostics (implantable and ambulatory electrocardiograph monitoring) franchises incorporating historic, trended and current business information. Analyze de novo / initial and replacement implant volume, average selling prices and market trends, including market size, share and competitive product portfolios. Stay current with competitive intelligence and competitive dynamics.
• Own market models to support revenue and standard margin planning for key CRMDx therapies. Analyze de novo / initial and replacement implant volume, average selling prices and market trends, including market size, share and competitive product portfolios. Stay current with competitive intelligence and competitive dynamics.
• Monitor therapy product sales and standard cost performance versus budget and year-over-year and quarter-over-quarter trends by highlighting drivers of variances using system generated detail and trend reports. Analyze and rectify discrepancies.
• Prepare and distribute financial reports, packages and presentations by gathering and analyzing information related to current performance. Support monthly and quarterly business reviews and earnings release preparation.
• Provide financial decision support and perform financial analysis on marketing and product strategies, as directed by management, and recommend alternatives courses of action by utilizing appropriate financial and valuation tools (e.g. EVA, NPV analysis).
• Develop and maintain business case template for Divisional projects.
• Evaluate new business opportunities, potential acquisitions, new products, tax planning and spending initiatives by modeling alternative financial scenarios (e.g. revenues, profitability etc). Support due diligence as well as income statement and cash flow modeling.
• Support new product launches and transition to next generation platforms.
• Develop and utilize sound financial processes and build consensus for sales and standard margin forecasts for long-term strategic plans, annual operating plans and forecasts submissions.
• Understand revenue recognition considerations and accounting adjustments to support forecasting and reporting on financial results.
• Liaison with franchise general management, marketing, supply chain, sales leaders, sales operations, global regions, finance management and investor relations regarding market and sales trends. Establishes and promotes a collaborative work environment.
• Must be comfortable presenting and working with leaders in formal and informal settings to update and present business cases, market analysis, financial models and scenarios.

Required Qualifications

• Bachelor's degree in Finance or Accounting with minimum of 5 years relevant and progressive FP&A experience
• Strong analytical and accounting skills
• Solves complex and diverse problems, takes a new perspective on existing solutions and exercises judgment based on the analysis of multiple sources of information using specialized knowledge of various alternatives and their impact on the business
• Highly organized and capable of managing multiple priorities in a fast-paced and dynamic environment autonomously while adhering to deadlines and having attention to detail
• Hybrid role based in Arden Hills, MN; Ability to be in the office a minimum of 3 days per week for business partnering and to drive key review meetings
• Excellent verbal and written communication skills
• Explains difficult or sensitive information to facilitate productive discussion; works to build consensus
• Regularly leads discussions and makes presentations in cross-functional meetings, effectively presenting information to explain recommendations and implications
• Strong interpersonal skills which provide the ability to establish and build working relationships with individuals throughout the organization
• Excellent computer skills (financial modeling, Excel, PowerPoint)

Preferred Qualifications

Requisition ID:628169

Minimum Salary: $102100

Maximum Salary: $194000

The anticipated compensation listed above and the value of core and optional employee benefits offered by Boston Scientific (BSC) - see www.bscbenefitsconnect.com-will vary based on actual location of the position and other pertinent factors considered in determining actual compensation for the role. Compensation will be commensurate with demonstrable level of experience and training, pertinent education including licensure and certifications, among other relevant business or organizational needs. At BSC, it is not typical for an individual to be hired near the bottom or top of the anticipated salary range listed above.

Compensation for non-exempt (hourly), non-sales roles may also include variable compensation from time to time (e.g., any overtime and shift differential) and annual bonus target (subject to plan eligibility and other requirements).

Compensation for exempt, non-sales roles may also include variable compensation, i.e., annual bonus target and long-term incentives (subject to plan eligibility and other requirements).

For MA positions: It is unlawful to require or administer a lie detector test for employment. Violators are subject to criminal penalties and civil liability.

Boston Scientific transforms lives through innovative medical technologies that improve the health of patients around the world. As a global medical technology leader for more than 45 years, we advance science for life byprovidinga broad range of high-performance solutions that address unmet patient needs and reduce the cost of healthcare. Our portfolio of devices and therapies helps physicians diagnose and treat complex cardiovascular, respiratory, digestive, oncological,neurologicaland urological diseases and conditions. Learn more atwww.bostonscientific.comand follow us onLinkedIn.

Boston Scientific Corporation has been and will continue to be an equal opportunity employer. To ensure full implementation of its equal employment policy, the Company will continue to take steps to assure that recruitment, hiring, assignment, promotion, compensation, and all other personnel decisions are made and administered without regard to race, religion, color, national origin, citizenship, sex, sexual orientation, gender identity, gender expression, veteran status, age, mental or physical disability, genetic information or any other protected class.

Please be advised that certain US based positions, including without limitation field sales and service positions that call on hospitals and/or health care centers, require acceptable proof of COVID-19 vaccination status. Candidates will be notified during the interview and selection process if the role(s) for which they have applied require proof of vaccination as a condition of employment. Boston Scientific continues to evaluate its policies and protocols regarding the COVID-19 vaccine and will comply with all applicable state and federal law and healthcare credentialing requirements. As employees of the Company, you will be expected to meet the ongoing requirements for your roles, including any new requirements, should the Company's policies or protocols change with regard to COVID-19 vaccination.