Sr Director, Finance (Division CFO) - FLC

This is where your work makes a difference.

At Baxter, we believe every person—regardless of who they are or where they are from—deserves a chance to live a healthy life. It was our founding belief in 1931 and continues to be our guiding principle. We are redefining healthcare delivery to make a greater impact today, tomorrow, and beyond.

Our Baxter colleagues are united by our Mission to Save and Sustain Lives. Together, our community is driven by a culture of courage, trust, and collaboration. Every individual is empowered to take ownership and make a meaningful impact. We strive for efficient and effective operations, and we hold each other accountable for delivering exceptional results.

Here, you will find more than just a job—you will find purpose and pride. 

Your Role at Baxter

This role requires a high-acuity strategic and operational finance leader with responsibility for accelerating the performance of a global, technology‑driven, clinically essential medical devices division of Baxter. This is a capital equipment, connected devices, digital platforms, and cloud-based workflow solutions business, requiring mastery of device economics, software-enabled recurring revenue, and enterprise data systems. The incumbent will provide broad commercial finance leadership driving strategy, margin expansion, cost & capital efficiency, portfolio optimization, digital transformation, and operational excellence to:

• Enable Market‑Beating Growth: Growing share through differentiated product strategy, competitive insights, and pricing.

• Embed Sustainable Profitability: structural margin gains, mix improvements, and cost optimization.

• Advance Operational Excellence: forecast vs. results accuracy, disciplined capital use, stronger portfolio performance, and improved execution.

What you'll be doing

STRATEGIC LEADERSHIP & VALUE CREATION

• Shape FLC’s multi‑year strategy across monitoring, connectivity, analytics, and workflow solutions.

• Understand procedure drivers and consolidate market models.

• Partner with the division president as well as other cross functional leaders to pressure-test strategic assumptions, shape long-range financial, product, go-to-market and payment model strategies.

• Drive portfolio strategy to grow high‑value modalities and rationalize underperforming areas.

• Develop market, competitive, and multi scenario financial models for long-horizon investments.

• Understand and anticipate how near‑term decisions [will] influence immediate as well as long‑term customer and distributor behaviors, and guide the business toward sustainable growth and profitability.

2. GROWTH ACCELERATION & COMMERCIAL FINANCE

• Accountable for stewarding the full P&L encompassing top-line growth, margin management, and financial planning cycles (e.g. AOP, rolling, LRP).

• Strengthen commercial execution in long‑cycle capital equipment environments, indirect and direct channel management, overall go to market channel optimization.

• Continuously monitor and optimize reimbursement frameworks, pricing architecture, discounting, and tender economics with direct, indirect and Medicare/Medicaid and private insurer payment models

• Benchmark against major competitors and integrate market insights into executive decision making to guide differentiation and increased value generation.

• Financial modeling for both organic and inorganic investments, including due diligence.

3. PROFITABILITY, COST OPTIMIZATION & OPERATIONS FINANCE

• Improve scalability, standardization, and lifecycle economics.

• Deliver gross‑margin expansion through COGS reduction, footprint optimization, and supply‑chain improvements.

• Closely monitor and manage sales, pricing, margin, credit management, and productivity funnels tied directly to P&L impact.

• Support multi-year capital heavy purchase cycles – drive improvement in tender economics, deal modelling/structuring, and customer financing scenarios.

• Drive working capital performance, including DSO, DPO, and inventory turns, with clear accountability, governance, and cross-functional execution.

FORECASTING & PERFORMANCE MANAGEMENT

• Serve as the primary strategic advisor to the FLC President and Baxter CFO, synthesizing complex clinical, operational, and financial signals into strategic insights/recommendations.

• Establish world‑class forecasting, scenario planning, and KPI dashboards.

• Build advanced driver-based forecasting models spanning capital, accessory, service, and cloud connected revenue streams.

• Manage financial mix, pricing, and margin performance with rigor.

• Reconcile financial systems with commercial operations to ensure accurate forecasting, revenue recognition, and general cross-functional alignment.

5. GOVERNANCE, RISK MANAGEMENT & COMPLIANCE

• Influence high complexity, cross-functional initiatives across commercial, R&D, engineering, manufacturing, and corporate teams.

• Ensure robust controls across regulated device manufacturing and cybersecurity‑sensitive platforms.

• Strengthen risk programs consistent with evolving global medical device industry standards.

• Ensure compliance with accounting policies and controls, including SOX controls.

• Timely completion of all internal and external audits requests, as well as timely remediation of any findings.

6. LEADERSHIP & TALENT

• Recruit, develop, and inspire high-performing talent/teams.

• Champion a culture of trust, respect, accountability, and empowerment with transparency, and analytical rigor.

• Build and lead a global finance team capable of supporting a hybrid hardware‑plus‑software device portfolio across multiple channels and payment models'

What you'll bring

• Bachelor’s degree in Accounting or Finance. Professional certification such as CPA is a plus.

• 20+ years of experience in strategic finance and/or commercial role required. Public accounting or related large public company experience a plus.

• General knowledge of GAAP accounting principles, tax and legal accounting (Knowledge of acquisition accounting a plus)

• Deep experience with capital equipment + consumables + software business models.

• Experience in connected‑device/cloud‑integrated ecosystems and cybersecurity‑impacted product lines.

• Prior senior finance leadership roles in medical devices, healthcare technology, or digital health are an asset.

• Demonstrated turnaround, restructuring, or portfolio‑repositioning experience.

• Exceptional business acumen and judgment as well as understanding of relevant business environments.

• Strong negotiation, interpersonal communication, collaboration, and presentation skills.

• Proven ability to lead multiple, competing priorities.

• • Track record of decisive leadership, with ability to generate ideas, develop alternatives, rapidly decide upon best course of action and drive implementation of that decision.

• Strong executive presence with ability to influence/drive consensus cross‑functionally and with diverse stakeholders

• Skilled at assembling and leading both direct as well as cross-functional teams as required.

Baxter is committed to supporting the needs for flexibility in the workplace. We do so through our flexible workplace policy which includes a required minimum number of days a week onsite. This policy provides the benefits of connecting and collaborating in-person in support of our Mission. The flexible workplace policy is subject to local laws and legal requirements. At its discretion, Baxter may decide to adjust, suspend, or discontinue as business needs change.

We understand compensation is an important factor as you consider the next step in your career.

At Baxter, we are committed to equitable pay for all employees, and we strive to be more transparent with our pay practices. The estimated base salary for this position is $200,000 - $275,000 annually. The estimated range is meant to reflect an anticipated salary range for the position. We may pay more or less than of the anticipated range based upon market data and other factors, all of which are subject to change. Individual pay is based on upon location, skills and expertise, experience, and other relevant factors. This position may also be eligible for discretionary bonuses, commission, and/or long-term incentive. For questions about this, our pay philosophy, and available benefits, please speak to the recruiter if you decide to apply and are selected for an interview.

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time.

US Benefits at Baxter (except for Puerto Rico)

This is where your well-being matters. Baxter offers comprehensive compensation and benefits packages for eligible roles. Our health and well-being benefits include medical and dental coverage that start on day one, as well as insurance coverage for basic life, accident, short-term and long-term disability, and business travel accident insurance. Financial and retirement benefits include the Employee Stock Purchase Plan (ESPP), with the ability to purchase company stock at a discount, and the 401(k) Retirement Savings Plan (RSP), with options for employee contributions and company matching. We also offer Flexible Spending Accounts, educational assistance programs, and time-off benefits such as paid holidays, paid time off ranging from 20 to 35 days based on length of service, family and medical leaves of absence, and paid parental leave. Additional benefits include commuting benefits, the Employee Discount Program, the Employee Assistance Program (EAP), and childcare benefits. Join us and enjoy the competitive compensation and benefits we offer to our employees. For additional information regarding Baxter US Benefits, please speak with your recruiter or visit our Benefits site: Benefits | Baxter

Equal Employment Opportunity

Baxter is an equal opportunity employer. Baxter evaluates qualified applicants without regard to race, color, religion, gender, national origin, age, sexual orientation, gender identity or expression, protected veteran status, disability/handicap status or any other legally protected characteristic.

Know Your Rights: Workplace Discrimination is Illegal

Reasonable Accommodations

Baxter is committed to working with and providing reasonable accommodations to individuals with disabilities globally. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the application or interview process, please click on the link here and let us know the nature of your request along with your contact information.

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