Laboratory Corporation of America Vice President of Finance in Burlington, North Carolina
Department : Corporate Finance
Salary Grade : 15
Laboratory Corporation of America ® Holdings, an S&P 500 company, is currently seeking a Vice President of Finance
This individual's responsibility will include the following:
Business Partner/Financial Leader
Functions as business partner and decision support for division ($1B in revenue) leadership team. Financial leader of the business and member of the division's operating committee (leadership team).
Supports the Divisional Senior Vice Presidents in delivering profitable growth.
Ensures that the division allocates resources effectively with rigorous pressure on costs and a commitment to value creation.
Identifies problems and value levers and shepherds the business through implementations of solutions/levers.
Builds a high performance team with bench strength and multiple succession candidates.
Leads development of a high performance culture within the leadership/management team.
Leads and manages the divisional finance team.
Finance Management, Control and Advisory
Ensures consolidated financial performance information is accurate and timely, taking into account the risk levels within the forecast with options to mitigate as appropriate.
Understands and challenges the financial position of each business area, holding budget owners to account for their performance against budget/forecast and supporting the management teams in further analysis as required.
Provide bridges and reporting of actual vs budget, forecast and prior year to divisional leadership, segment leadership, and corporate, monthly and as required.
Leads the intervention, investigation and resolution of in-year and short-term financial issues.
Provides guidance and functional/business review to individual business/function heads.
Leads the long-term financial strategy with a focus on driving value and strategic management of funding across all areas of the divisional activity.
Ensures effective capital investment management is addressing governance, risk, financial performance and post-investment reviews. Approves all capital and lease requests.
Analysis, Budget and Forecast
Delivers the annual divisional budget with full bridges of all metrics year over year.
Ensures accurate monthly forecast during the year, based on relevant and timely updated business information.
Prepares close-the-gap and restructuring plans as required during the course of the year.
Controls and Compliance
Supports good local and global cost control; cost management behavior in the business, promoting good financial disciplines and risk management processes.
Advises the business on ways of assuming greater degrees of financial accountability.
Ensures that corporate and internal policies are followed by the management.
Supports delivery of a robust and effective internal control framework and compliance environment within the division, addressing risk management process, internal controls as well as any external reporting requirements or inquiries from tax/legal and external audit authorities and corporate departments.
Supports the internal audit team when required during each engagement, provides data, coordinates, reviews findings, prepares action plans and ensures the execution for all locations.
Travel and PS vendor/order review/approval and monitoring.
Prepares and presents relevant information for strategic planning and long range forecasting sessions and actively participates to mold it into a road-map of future business direction.
Supports the strategic M&A team and evaluates potential deals/M&A opportunities to grow the division. Leads the development of financial proforma's and synergy plans for potential acquisitions.
Integration of all recently acquired businesses into the LabCorp suite of processes and policies. Consolidation of the financial groups and reorganization plans.
Bachelor's Degree and 10 or more years progressive experience in financial management
Experience as a CFO/financial leader of a division of a corporation
CMA or CPA preferred
Experience in a financial leadership rotational training program within a corporation preferred
Monday - Friday, 8am to 5pm
As an EOE/AA employer, the organization will not discriminate in its employment practices due to an applicant's race, color, religion, sex, national origin, sexual orientation, gender identity, disability or veteran status.