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Finance Director
Johnson & Johnson
San Francisco, CA, United States
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Finance Director, California Innovation Center
Johnson & Johnson is recruiting for a Finance Director, California Innovation Center, located in South San Francisco, CA.
Johnson & Johnson Family of Companies.
Caring for the world, one person at a time has inspired and united the people of Johnson & Johnson for over 125 years. We embrace research and science -- bringing innovative ideas, products and services to advance the health and well-being of people. Employees of the Johnson & Johnson Family of Companies work with partners in health care to touch the lives of over a billion people every day, throughout the world.
With $76.5 billion in 2017 sales, Johnson & Johnson is the world's most comprehensive and broadly based manufacturer of health care products, as well as a provider of related services, for the consumer, pharmaceutical, and medical devices markets. There are more than 260 Johnson & Johnson operating companies employing approximately 134,000 people and with products touching the lives of over a billion people every day, throughout the world.
The Finance Director California Innovation Center is responsible for providing finance and business leadership to the California Innovation Center Leadership team on a broad range of complex external innovation deal structures including research collaborations, licensing deals, option structures, equity investments (through JJDC), and spin-outs.
The primary support is to the Head of the California Innovation Center. This role report to the VP Finance, CFO of J&J Innovation and you will partner with a variety of Finance stakeholders such as regional CFOs, sector’s R&D CFOs and Corporate Finance functions such as JJDC, Tax, M&A and WWPs.
This role is critical to the success of the California IC and requires a talented, highly motivated individual who is able to think creatively and to develop and analyze complex deal structures. Demonstrated decision making skills and the ability to influence experienced business partners and multiple stakeholders at senior levels of the organization will be critical.
Main duties and responsibilities will include, but not be limited to, the following:
FINANCIAL LEADERSHIP: Partner directly with the Innovation Center Leadership on all external innovation activities across all three J&J Sectors. Direct all financial activities for the Innovation Center (including deals, operations, and approvals). Build and maintain regional networks with the external community, business, and finance counterparts.
BUSINESS LEADERSHIP: This role sits on the Innovation Center Leadership team and will assist in shaping business models, including governance, strategy, team structure, and incentive mechanisms. Consult with senior management on strategic planning and financial issues.
OPERATIONAL EXCELLENCE: Help implement business, finance, and operational processes that will enable J&J to truly harness external innovation. Develop and implement performance metrics and scorecards to measure IC success.
PORTFOLIO MANAGEMENT: Management of external innovation portfolio to maximize value creation. Manage value creating innovation deals and successfully transfer to businesses.
FINANCIAL ANALYSIS: lead and develop financial analyses and valuations for potential opportunities. Frame the accounting and tax impact, analyze financial returns, analyze and highlight key risks to the enterprise.
DEAL TERMS: advise the IC team on deal structure negotiations with external partners. Compare to benchmarks, ensure payments are commensurate with the discharge of risk and provide adequate value creation.
GOVERNANCE: in partnership with the IC team, facilitate the deal approval process to ensure all appropriate reviews and approvals occur in line with the Worldwide Procedures.
DECISION SUPPORT: Present a transparent and balanced view of deals to Senior Management. Assume a leadership role in the presentation of all deals to Senior Management in the context of the internal approval process, while also summarizing and presenting these financial analyses and valuations to appropriate decision makers.
COLLABORATION & COMMUNICATION: ensure seamless communication and coordination across the team and between various key stakeholders inside and outside of JJI. These include various levels of management, the R&D and Finance leaders for each of the TA’s and Operating Companies, Corporate M&A, Corporate Tax, and the Worldwide procedures team.
REPORTING and ANALYSIS: partner with JJI Finance to deploy appropriate deal reporting and analytics, and track progress against key measures and benchmarks. Track deal activity and progress for all JJI projects through standardized reporting mechanisms, CRM, and the “GOC Report”.
COMPLIANCE & RECORDS: ensure that accurate records are maintained for all projects.
Qualifications
• A minimum of a Bachelor’s Degree in Finance or Economics is required.
• A MBA or Master’s Degree is preferred.
• A minimum of 10 years of relevant finance experience is required.
• Finance experience supporting a Commercial organization, Research & Development (R&D), Mergers & Acquisitions (M&A) or Business Development (BD) is preferred.
• Strong collaborative, communication and interpersonal skills is required, with the ability to build trust amongst senior business leaders, direct reports and finance colleagues.
• People management experience is required.
• A passion for people and their development is required.
• Demonstrated ability to influence business partners with fact-based data is required.
• Ability to assess and to frame risks and risk mitigation is required.
• Solution oriented individual with excellent communication and presentation skills is required.
• Ability to present complex financial information to both finance and non-finance audiences at various levels in the organization is required.
• Strong business development, finance, technical and analytical skills are required.
• Willingness to learn and understand new business opportunities is required.
• Flexibility/Stress resistant and ability to work under extreme tight deadlines is a required.
• This position is based in South San Francisco, CA.
• This position may require up to 10% of domestic and international travel.
Johnson & Johnson Family of Companies are equal opportunity employers, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, genetic information, national origin, protected veteran status, disability status, or any other characteristic protected by law.