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Product Line Financial Leader - Devices at TE Connectivity

Posted in Other 30+ days ago.

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Type: Full Time
Location: Plymouth, Minnesota





Job Description:

Company Information

TE Connectivity Ltd., is a $14 billion global technology and manufacturing leader creating a safer, sustainable, productive, and connected future. For more than 75 years, our connectivity and sensor solutions, proven in the harshest environments, have enabled advancements in transportation, industrial applications, medical technology, energy, data communications, and the home. With 80,000 employees, including more than 8,000 engineers, working alongside customers in nearly 140 countries, TE ensures that EVERY CONNECTION COUNTS. Learn more at www.te.com and on LinkedIn, Facebook, WeChat and Twitter.

TE s Medical business unit, part of the Industrial Solutions segment, offers medical device OEMs, a complete product offering, and capability portfolio for minimally invasive, imaging, surgical, diagnostic, and therapeutic devices. With more than 350 design engineers and a global presence in all key medical device hubs, we are a premier partner to the world s leading medical technology companies for their next-generation medical devices. We are experts in all aspects of device design and manufacture, from access & delivery solutions for interventional medicine; to sensors & connectors for surgical applications. Our innovative solutions enable ground breaking medical therapies such as treating heart disease without opening the body, placing microscopic devices into brain arteries and powering robotic surgery.

JOB OVERVIEW

This newly created Product Line Financial Leader role serves as the finance business partner for the Global Devices Product Line Portfolio team within the Medical Unit. The portfolio is worth c. $200m and incorporates multiple products. The focus of the role is on proactively providing financial guidance to the Product Line Business Leader and the team, making investment decisions, managing operating expenses, as well as generating reports and analyzing revenue and margin. The Financial Leader will work primarily with the Product Line Leader but will also work with product management, project management and engineering teams. Supported by internal learning opportunities and with exposure to new markets, this role has plenty of scope for growth and progression as the business grows.

RESPONSIBILITIES

KEY RESPONSIBILITIES OF THE POSITION:

* Primary business partner for the Product Line Business Leader

* Provide analytical support to ensure the Product Line achieves its strategic financial goals including portfolio balancing

* Make recommendations for price adjustments and changes, product life cycle adjustments, product segmentations and cost inflation

* Review low margin products and identify price and margin opportunities to improve customer and global product line profitability

* Perform margin and pricing analysis to support key business unit initiatives as required

* Provide support for contract negotiations related to customer supply agreements

* Make recommendations related to prioritisation of program transfers based on rate of return

* Voting member of the Product Line Business (PLB) team Product Approval Committees (PAC)

* Review and evaluate P&L's, Capital Investment proposals and PFO exposure as prepared by Project Management at Gate reviews

* Daily, weekly and monthly review of book, bill and standard margin

* Analyse actual and forecasted orders, sales, standard margin, product mix, price erosion, and AR as they relate to the PLB

* Analyse and model trends by customer, product family, region, market, etc.

* Drive financial reconciliation of S&OP outputs from demand, sales and supply chain

* Prepare month end financial reporting to adjusted mgmt. OI for the PLB

* Partner with various regional Finance and Operations teams to adequately evaluate the completeness and accuracy of the inventory reserve calculation over & above the standard calculation

* Assist in other financial reporting (e.g. strategic plan or quarterly earnings) as requested by BU management, Segment management or FP&A team

* Provide financial support to Project Management teams on an ad-hoc basis

* Assist with and support the creation of global Medical processes and procedures across the three product line businesses

* Drive continuous improvement

QUALIFICATIONS

SKILLS & EXPERIENCE:

* Bachelor's degree in Finance or Accounting

* Minimum 6 years prior experience

* Ability to interact effectively with all levels of the organization

* Strong MS Excel knowledge and demonstrated data analytics

* Experience with TE data sources preferred (TED2.0, SAP Projects, Hyperion)

COMPETENCIES

* Strong communication skills both verbal and written with the ability to present information in a clear and concise manner

* Ability to think on your feet and deal with multiple stakeholders

* Team player with a positive attitude, strong work ethic, humility and a focus on business impact

* Highly motivated and able to thrive and think clearly under pressure, tight deadlines and sometime ambiguity

* Detail-oriented, organized, and demonstrated ability to multi-task and shift priorities quickly

* Values: Integrity, Accountability, Teamwork, Innovation

COMPETENCIES

* Building Effective Teams

* Motivating Others

* Managing and Measuring Work

* Values: Integrity, Accountability,Teamwork, Innovation

* SET : Strategy, Execution, Talent (for managers)

http://www.te.com/content/dam/te-com/documents/about-te/careers/global/eeo-policy.pdf