Smith+Nephew Looking for Finance Director, Global Inventory at Andover, MA Full Time

Life Unlimited. At Smith+Nephew we design and manufacture technology that takes the limits off living. Reporting to the Vice President of Supply Chain Finance, the Finance Director, Global Inventory will be a core member of the Supply Chain finance team. By developing and maintaining strong cross-functional relationships, the Finance Director, Global Inventory will deliver significant financial insight to constructively challenge the business, drive performance and ensure rigor in decision making. This includes evaluating investment opportunities, identifying efficiency and cost improvements as well as identifying and mitigating financial risk. Furthermore, the Finance Director, Global Inventory is expected to be a thought leader in driving the continuous improvement of global inventory planning and forecasting processes. Furthermore, the Finance Director, Global Inventory will work directly with the U.S. Supply Chain site leaders on leading inventory control strategies within their locations. As a people leader, The Finance Director of Global Inventory will model genuine teamwork, enterprise-first thinking, and a learning mindset. Flexibility will be required to balance and adjust priorities across shorter- and longer-term delivery requirements of personal and team objectives.

Responsibilities –

Global Inventory Planning, Forecasting, & Reporting –

• Partner with Supply Chain Director, Global Inventory to develop inventory goals, cash targets, and initiative building blocks to achieve those targets. This includes developing the annual operating plan and financial forecasts.
• Oversee the development and tracking of inventory metrics on a consolidated and business unit level basis. This includes tracking, reconciling, and analyzing inventory balances throughout the organization as well as analyzing actual month end results and understanding variances against the annual operating plan and financial forecasts and special projects.
• Work in a cross-functional SIOP team with the Commercial, Planning, and Supply Chain organizations to understand the inventory strategy for each sub-category in each financial forecast and how that impacts the required supply volumes to meet demand
• Partner with the Supply and Demand Planning functions to provide actionable business analytics and fact-based recommendations that will help deliver business results

U.S. Inventory Support & Controls –

• Oversee development and execution of U.S. inventory controls strategies
• Advise and drive control design and implementation with U.S. Supply Chain, Manufacturing, and Controllership. Including providing ongoing support to process owners/control owners and cross-functional teams to ensure controls are designed and implemented effectively
• Maintain dashboards and scorecards to measure inventory counts and accuracy
• Assisting in the evaluation of identified control deficiencies and monitoring of remediation effort
• Participating in annual walkthroughs with process/application/control owners across the company and external auditors
• Ensure compliance with all corporate accounting policies and financial reporting practices and ensure that internal controls exist throughout U.S. Supply Chain which are SOX compliant

Qualifications

• 10+ years of experience in planning or financial analysis in a manufacturing environment with a preference for 3+ years of inventory accounting and/or supply chain finance
• 5+ years of experience leading a team
• Degree in finance or accounting; CPA/MBA a plus
• Experience advising on, designing, and executing U.S. inventory controls and compliance programs preferred
• A working knowledge of consolidation / BI systems essential with HYPERION HFM/COGNOS is advantageous, especially in disparate ERP environments
• A working knowledge of tax and regulatory jurisdictions, intercompany charging/transfer pricing
• Experience in supporting senior business leadership teams within a matrix organization and developing strategic plans, budgets and forecasts
• Ability to work cross-functionally to build and maintain an operational plan linked to a financial plan that aligns with the company’s short- and long-term strategic priorities and financial objectives.
• An innovative mindset, with an ability to present, communicate and build consensus on new ways of doing business
• Ability to challenge, convince and handle multiple customers
• Ownership mentality and demonstrated ability to independently drive projects to completion, with high attention to detail
• Excellent verbal and written communication skills. Ability to simplify messages and communicate insights from analysis, leverage findings, and proactively make recommendations
• Demonstrated ability to deal with ambiguity, change, and a dynamic business environment
• Strong analytical and problem-solving skills; enjoys investigating problems and coming up with solutions
• Ability to multitask and meet deadlines under pressure
• Global and domestic travel anticipated to be approximately 20%
• Fluent English

You. Unlimited.

We believe in creating the greatest good for society. Our strongest investments are in our people and the patients we serve.

• Inclusion, Diversity and Equity – Committed to Welcoming, Celebrating and Thriving on Diversity, Learn more about Employee Inclusion Groups on our website https://www.smith-nephew.com/
• Your Future: Discounted Stock Options, Tuition Reimbursement
• Work/Life Balance: Flexible Personal/Vacation Time Off, Paid Holidays, Flex Holidays, Paid Community Service Day
• Your Wellbeing: Medical, Dental, Vision, Employee Assistance Program, Employee Association, Parental Leave
• Flexibility: Hybrid Work Model (For most professional roles)
• Training: Hands-On, Team-Customized, Mentorship

Smith+Nephew provides equal employment opportunities to applicants and employees without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability.

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