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Sr Director, Finance - Great Midwest Region in Wood Dale, IL at Quest Diagnostics

Date Posted: 2/4/2019

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Wood Dale, IL
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    2/4/2019

Job Description

Sr. Director Finance, Great Midwest Region

 

Recognized by FORTUNE magazine as one of the “World’s Most Admired Companies,” Quest Diagnostics is the world's leading provider of diagnostic testing, information and services that doctors and patients need to make better healthcare decisions. They are pioneers in developing innovative diagnostic tests and advanced healthcare information technology solutions that help improve patient care.

With corporate headquarters in Secaucus, NJ, Quest Diagnostics is a Fortune 500 company, traded on the New York Stock Exchange and included in the Dow Jones Sustainability World Index.  With 2017 revenues of $7.7 Billion, and approximately 42,000 employees and 2,100 patient locations across the US, Quest Diagnostics serves half of the physicians and hospitals in the US with their large variety of products and services. 

The company offers the broadest access to diagnostic testing services through its network of laboratories and patient service centers, and provides interpretive consultation through its extensive medical and scientific staff. Quest Diagnostics also provides services to employers, life insurance companies, other commercial labs, clinics, health plans, government agencies, and organizations involved in clinical trials research.

Approximately 150 million times each year, patients and their physicians rely upon Quest Diagnostics results to make important healthcare decisions.

Quest Diagnostics Healthcare IT solutions connect over 165,000 physicians.

Approximately one third of U.S. physicians – and many of the country’s leading hospitals and health systems – relies on Quest Diagnostics healthcare information solutions to foster better patient care and improve their business performance.

Awards/Recognitions

  • FORTUNE magazine's "World's Most Admired Companies" list

  • Fortune magazine’s Fortune 500 list

  • Forbes Global 2000

  • Barron’s 500

  • Member of the Dow Jones® Sustainability World Index

  • Consistently named one of the best places to work in U.S. business journal rankings

    Diagnostic Testing Services

    Quest Diagnostics is the world’s leading provider of diagnostic testing, information and services that patients and doctors need to make better healthcare decisions. Their services range from routine blood tests — such as total cholesterol, Pap testing and white blood cell count — to complex, gene-based and molecular testing. They perform medical tests that aid in the diagnosis or detection of diseases, measure the progress or recovery from a disease or confirm that an individual is free from disease. In addition, they have specialized expertise in cancer, cardiovascular diseases, infectious diseases, and neurology.

     

    Outlook

    In the $60 Billion and growing US Diagnostic Testing Market, Quest Diagnostics is the leader. Quest Diagnostics’ reputation as a leading innovator, provider of high value, low cost solutions and its financial strength and flexibility make it well positioned to capitalize on the evolving healthcare landscape.

    Quest Diagnostics’ long term strategy is to become the undisputed world leader in diagnostic testing, information and services. To drive this profitable growth, Quest Diagnostics plans to leverage capabilities to create differentiation:

  • Deliver Innovative Solutions

  • Leverage their Unparalleled Access and Distribution Network

  • Expand their relationships with large payors and health systems

  • Deliver Superior Patient Experiences

Position Description

The Sr. Director Finance (RFD) is the business partner to the Commercial VP and Operations VP.  S/He is responsible for supporting the Regional Leadership across all areas related to finance and business performance related to revenue growth and operational efficiency.  This position reports directly to the Corporate Vice President, Finance and is based in our Great Midwest Region (Wood Dale, IL).  The Regional Finance Director will manage a team of 3 direct reports and approximately 20 professionals.  Revenues for the region are approximately $1B.

In order to successfully respond to the challenges of the role, the successful candidate will need to:

  • Collaborate to drives business performance with the Regional Leadership Team

  • Drive business performance including, driving the execution of business strategies to grow revenue, increase profitability and contain costs

  • Serve as a liaison between Region and all Corporate functions, especially Centers of Excellence/Shared Services including but not limited to Centralized Accounting, Revenue Control, Financial, Planning & Analysis, Pricing and Business Development

  • Actively participate in Market Strategy to review and prioritize growth initiatives based on financial returns

  • “Own the P&L”; P&L accountability, as part of monthly close process  

  • Collaborate with centralized teams during the Month End Close and Budget/ Forecasting processes  (P&A, Financial Reporting, General Accounting)

  • Provide business insights on Region’s performance to Regional leadership

  • Budget/Forecasting processes – Provide business trends/insights/actions to FP&A

  • Identify issues/opportunities to improve performance (growth, productivity)

  • Other responsibilities include:

    • Business modeling/analysis

    • POL take-downs

    • Purchase testing arrangements

    • TC/PC arrangements (footprint/customer arrangements)

    • Invigorate analysis

    • Account management/ profitability analysis –

    • Client profitability

    • IOP/PSC analyses

    • Physical inventory controls

    • Capital investment analysis

    • Asset management controls

    • Fixed asset tagging

Qualifications

The successful candidate for Regional Finance Director will have the following attributes and/or experiences:

  • 15 +  years of experience in professional accounting/finance, and ideally served as a regional finance director with P&L responsibility of over $500MM
  • Prior healthcare industry experience is preferred
  • Bachelor’s Degree in Finance or Accounting is required; CPA or MBA preferred
  • International experience desired
  • Demonstrates a strong knowledge of operational and financial processes and practical application of financial and strategic analysis
  • Demonstrates exceptional skill in working with senior management and the executive team

Required Personal Competencies

The successful candidate for Regional Finance Director will demonstrate through education and experience the following competencies:

  • Priority Setting
  • Business Acumen
  • Strategic Thinking
  • Presentation skills
  • Problem solving
  • Directing Others
  • Building an Effective Team
  • Managing and Measuring Work
  • Strong leadership and professional presence
  • Capability to work with senior executives