Principal Financial Analyst, Global Supply Chain Sourcing

Additional Location(s): US-MN-Maple Grove; 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 passionate and innovative Principal Financial Analyst to join our Global Supply Chain finance team. This is an exciting opportunity for a forward-thinking individual to make a significant impact by driving budgeting, financial planning, and analysis (FP&A) initiatives. The ideal candidate will be instrumental in developing and managing a cutting-edge headcount planning and reporting tool, fostering a culture of innovation and efficiency.

In this role, you will collaborate extensively with cross-functional teams to deliver precise forecasting, budgeting, and data-driven insights that will empower strategic decision-making. Your entrepreneurial spirit and proactive approach will be key in shaping the future of our financial operations and contributing to the overall success of Boston Scientific.

Work Mode:
At Boston Scientific, we value collaboration and synergy. This role follows a hybrid work model requiring employees to be in our local office at least three days per week.
 

Your responsibilities will include:

Development of Headcount Planning & Reporting Tool

• Lead the development and enhancement of a headcount planning tool that integrates with financial systems to track headcount, payroll, and related expenses.
• Collaborate with HR, operations, and finance teams to capture headcount data, manage forecasting, and ensure accuracy of workforce-related financial metrics.
• Design and implement reporting dashboards that provide visibility into headcount trends, costs, and any deviations from planned numbers.
• Regularly maintain and update headcount planning tool to ensure it remains in line with evolving business requirements.

Budgeting & Financial Planning

• Develop and manage the budget for sourcing headcount requirements, ensuring alignment with company goals, operational needs, and financial targets.
• Collaborate with department heads to understand sourcing headcount needs, forecast staffing requirements, and ensure headcount-related expenses are accurately accounted for and in line with budget targets.
• Analyze and track staffing levels and their financial impact, identifying any gaps between headcount plans and actual performance.
• Assist with quarterly and annual forecasting, adjusting projections based on changing business conditions.
• Support the annual standard cost setting process for the Network (particularly Materials & PPV), verifying the data, releasing the standard costs, volume alignments.

Financial Analysis & Reporting 

• Prepare detailed financial reports and presentations for senior management, highlighting key trends and opportunities for cost optimization, particularly in the areas of headcount and Purchase Price Variance (PPV).
• Provide insights into sourcing activities, including evaluating the financial impact of headcount changes, labor cost trends, and any deviations from headcount plans.
• Analyze PPV, identifying variances between actual and expected purchase prices for goods and services, and working with the procurement team to assess the financial implications and recommend corrective actions.
• Collaborate with business partners to translate financial data related to sourcing activities into actionable insights that can drive more efficient procurement and staffing strategies.

Close Activity

• Support month-end and quarter-end close processes, ensuring all financial data is accurately recorded.
• Prepare financial reports and analysis for management, highlighting key financial performance metrics. 
• Conduct variance analysis between actual and forecasted performance and assist in preparing reconciliation reports.
• Create meaningful metrics to monitor business performance. Identify opportunities for metrics and reporting automation, leveraging tools like tableau, power BI, or excel where applicable.

Ad Hoc Financial Analysis

• Assist with special projects, financial models, and other ad hoc analysis as needed.
• Provide financial data to support key business decisions, including capital investment proposals and operational changes.

Required Qualifications:

• Bachelor’s degree required; advanced degree is preferred
• Minimum 5 years Accounting/ Finance experience, Costing experience desired
• Very strong financial/data analysis skills; strong ability to problem solve and draw conclusions from data while maintaining data accuracy.

Preferred Qualifications

• Ability to build relationships and have influence with key stakeholders
• Outstanding verbal and written communication skills.
• Ability to work autonomously and act in a consultative role.
• Exceptional organizational & time management skills are crucial.  Environment is fast-paced and multi-tasking is essential.
• Proven ability to work under pressure and meet critical financial deadlines.
   

Requisition ID: 600505

Minimum Salary: $103700 

Maximum Salary: $197000 

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.

As a leader in medical science for more than 40 years, we are committed to solving the challenges that matter most – united by a deep caring for human life. Our mission to advance science for life is about transforming lives through innovative medical solutions that improve patient lives, create value for our customers, and support our employees and the communities in which we operate. Now more than ever, we have a responsibility to apply those values to everything we do – as a global business and as a global corporate citizen.

So, choosing a career with Boston Scientific (NYSE: BSX) isn’t just business, it’s personal. And if you’re a natural problem-solver with the imagination, determination, and spirit to make a meaningful difference to people worldwide, we encourage you to apply and look forward to connecting with you!

At Boston Scientific, we recognize that nurturing a diverse and inclusive workplace helps us be more innovative and it is important in our work of advancing science for life and improving patient health. That is why we stand for inclusion, equality, and opportunity for all. By embracing the richness of our unique backgrounds and perspectives, we create a better, more rewarding place for our employees to work and reflect the patients, customers, and communities we serve. 

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 identify, 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.