Global Cost Analyst

Philips

1d•$97,000 - $154,000

About The Position

The Global Cost Analyst is responsible for leading financial planning for assigned business units or markets, including budgeting, forecasting, and strategic planning to ensure alignment with corporate objectives. In this role, you will conduct complex financial analyses, such as profitability and ROI assessments, to inform high-impact decisions and improve financial performance, as well as act as a strategic advisor to business leaders, providing financial insights to shape business strategy, with limited supervision. In addition, it also evaluates investment business cases, monitors financial health, ensures compliance with internal controls, and leads initiatives to improve financial processes and systems. This temporary project-based position will support assigned work until no later than October 29, 2027.

Requirements

2+ years of experience Bachelor's in areas such as Business Partnering, Corporate Finance, Accounting Operations, Financial Planning and Analysis or equivalent OR no prior experience required with Master's Degree.
Working with limited supervision and broad guidelines, regularly applying independent judgment on matters of significance to drive project success and compliance.
Monitoring the financial health of assigned business units by tracking key performance indicators, identifying emerging risks and opportunities, and working with business leaders to develop and implement corrective actions.
Bachelor's / Master's Degree in Finance, Economics, Business Administration, Accounting or equivalent.
Must be able to successfully perform the following minimum Physical, Cognitive and Environmental job requirements with or without accommodation for this position.

Responsibilities

Leads the financial planning process for assigned business units, including budgeting, forecasting, and long-term strategic planning, ensuring that all financial plans are aligned with corporate objectives and provide a clear roadmap for achieving financial targets.
Conducts complex financial analysis, such as profitability analysis, margin analysis, and ROI assessments, to support high-impact business decisions and drive continuous improvement in financial performance.
Acts as a trusted advisor to business leaders by providing strategic financial insights and recommendations, helping to shape business strategies and ensure that financial considerations are fully integrated into decision-making processes.
Collaborates with cross-functional teams to evaluate the financial impact of business initiatives, such as product launches, market expansions, and cost-reduction programs, ensuring that financial risks and opportunities are fully understood and with compliance to financial accounting principles.
Contributes to the monthly business review process by coordinating the preparation of financial materials, leading discussions on financial performance, and identifying actions needed to achieve financial goals.
Evaluates investment business cases, including capital expenditures, R&D projects, and strategic marketing initiatives, ensuring that all financial assumptions are rigorous and that potential returns are aligned with the company's strategic priorities.
Ensures compliance with internal controls, corporate policies, and regulatory requirements by supporting financial processes, maintaining accurate records, and supporting internal and external audits as needed.
Leads or participates in initiatives to improve financial processes and systems, identifying opportunities for increased efficiency, accuracy, and effectiveness in financial planning, reporting, and analysis activities.