Senior Manager, Finance, Business And Consumer Markets

LifeLabs is the largest community diagnostics laboratory in Canada, serving the healthcare needs of Canadians for over 50 years. Our team members are truly centred around our customers, and we know that behind every lab requisition, sample being tested, or investment in technology is an individual and their family counting on us.
 
Consistently named one of Canada's Best Employers by Forbes, LifeLabs has also been recognized for having an award-winning Mental Health Program from Benefits Canada. The passion and commitment of over 6,000 diverse and innovative team members unites and motivates us to ensure our customers receive high quality tests and results that they can trust.  Agile, customer-centred, caring and teamwork: we live these values every day in what we do to support our customers and healthcare providers, driving forward our vision of empowering a healthier you.
Date: 
Mar 19, 2024
Location:
 Hybrid, ON, CA
Company: 
LifeLabs
 
LifeLabs is the largest community diagnostics laboratory in Canada, serving the healthcare needs of Canadians for over 50 years. Our team members are truly centred around our customers, and we know that behind every lab requisition, sample being tested, or investment in technology is an individual and their family counting on us.
Consistently named one of Canada's Best Employers by Forbes, LifeLabs has also been recognized for having an award-winning Mental Health Program from Benefits Canada. The passion and commitment of over 6,000 diverse and innovative team members unites and motivates us to ensure our customers receive high quality tests and results that they can trust.  Agile, customer-centred, caring and teamwork: we live these values every day in what we do to support our customers and healthcare providers, driving forward our vision of empowering a healthier you.
Reports to: 
VP Commercial Finance
Purpose of the Role 
The Senior Manager Finance:  Business & Consumer Markets provides strategic business partnership support to B2G non-capped, B2B and B2C business within LifeLabs Core and new businesses.  This include Government non-capped, Hospital Contracts, Private Pay, Genetics, RMA, Mobile services, and all market expansion opportunities of the General and Advanced Diagnostics business unit.  Using analytics and financial modelling to influence and advise, this position provides the business with the data and intelligence to identify opportunities to maximize both the top-line growth and bottom-line margins for existing and new sources of funding / revenue supporting contract renewals and new direct to consumer initiatives. This position will help to support LifeLabs General and Advanced Diagnostics teams by providing recommendations to drive improved business performance and optimal pricing for the RFP contracting processes.  This position is responsible to ensure completion of monthly business unit performance reviews, annual budget and forecast process updates, the 5-year plan and any financial modelling / business cases required to support current and future impacts of opportunities for the delegated business segments.  This position will supervise 1 Senior Financial Analysts.     
This is a Full Time Hybrid role based in Ontario.
Core Accountabilities
-Monthly Business Unit Performance Reviews:  Working in conjunction with General Diagnostics, Advanced Diagnostics and Consumer portfolio to establish a working partnership and framework to analyze and communicate results of the delegated business units on a monthly basis. Responsible for oversight of the month-end framework including traditional variance analysis, performance monitoring, visual dashboards to measure in-process metrics as well as progress / tracking on the achievement and course corrections of any segment initiatives. Responsible to proactively work with business partners to identify business risks & opportunities and develop risk mitigation recommendations. Lead all financial results communications to senior management.
-Annual Budget, Forecast Updates and 5-year Plan Development: Lead the processes specific to General Diagnostics, Advanced Diagnostics and Consumer portfolio to develop the annual budget, corresponding “year to go” forecast updates and the annual 5-year financial plan for Life Labs. Support business with development of long term business strategies through understanding of external and internal environment, buildout of assumptions based on internal and market data. Ensure accuracy and validity of financial and business assumptions. Ensure alignment of plans across all stakeholder groups, meaning Commercial and Operations. Lead forecast forecast reviews with BCM Leadership team, VP Commercial Finance and CFO.
-Identify, develop and implement opportunities to consolidate, standardize and automate processes within the team to deliver more efficient and effective processes and improved performance. 
-Ability to perform ad hoc projects in support of the VP Commercial Finance and CFO.
 
Qualifications and Skills
-Experience working in an environment with a strong operational and regulatory focus (i.e. manufacturing, pharma and Consumer industry), is an asset
-3+ years people leadership experience
-Ability to decipher a contract and convert this to a dynamic financial model
-Experience in leading financial pricing analysis
-Experience in supporting business development opportunity including development of financial model for new line of businesses
-Exceptional analytical and business planning skills in order to solve problems and research and escalate issues, when necessary
-Deep understanding of finance processes and data requirements
-Excellent management presentation capabilities
-Experience with ERP systems (Oracle, Oracle Cloud, SAP, EPM application suites preferred)
-Experience working with reporting and data visualization tools such as Power BI.
-Demonstrated initiative in recognizing efficiencies and implementing process improvement and change initiatives cross-functionally
-Strong computer and reporting skills with an advanced proficiency in MS Excel and Word
-Strong collaborator, ability to work across multiple levels of the organization 
-Proven ability to develop and maintain effective relationships
-Proven ability to provide solutions to stakeholders through strong problem-solving and strategic thinking skills.
-Proven ability to lead teams, improve engagement and develop talent for the long-term (including successors)
-Excellent communication skills, verbal and written, with ability to work with a variety of people in a team environment
-Proven ability to influence and implement process changes within the team and across the organization 
-Solid organizational and time management skills in order to prioritize competing demands and meet deadlines
-Ability to show resilience and agility
 
This is a hybrid role. 
Hiring Range: 108,200 - 138,000 
The hiring range has been established, however, the final salary recommendation will be determined based off the level of experience, education requirement, external market conditions and internal equity.  
In this position, you will be eligible for Lifelabs annual bonus.
Employee Benefits: 
In this position, you will be eligible to participate LifeLabs’ group benefits plan which is available to LifeLabs employees in accordance with the terms and conditions of those plans. 
Retirement Savings Plan: 
The LifeLabs plans provide members with an easy way to save for retirement. By participating in the plan, you receive contributions made to your account on your behalf from LifeLabs. 
Vacation Entitlement: 
In this position, you will be entitled to vacation. We promote a healthy work-life balance and expect your full vacation to be taken each year.
Employee Wellness: 
LifeLabs offers an award-winning Wellness Program focused on supporting your total health and well-being under our physical, emotional, and financial wellness pillars. We have been recognized in the industry for our focus on mental health supports. 
Employee Giving program: 
Designed to support any employee who donates, fundraises or volunteers for a Canadian Registered Charity or Non-Profit Organization. 
In addition, LifeLabs offers professional development and membership reimbursement, access to preferred rates and discount programs - WorkPerks, Home and Auto Insurance, Costco Membership, etc. - and Optional Health-related Benefits. 
We are committed to the ongoing development of our diversity, equity, and inclusion (DEI) program and have taken steps to strengthen our commitment to our team members and customers, to challenge ourselves to act with courage and integrity, and to create an environment where people can be their true selves.
At LifeLabs, we know that we are Stronger Together and that we will benefit from the unique perspectives and experiences that each team member offers.
Make a difference - join the LifeLabs team today! 
At LifeLabs, we strive to create an inclusive and equitable workplace where our team members and the communities we serve feel accepted, valued, and respected.
In accordance with
LifeLabs’ Accessibility Policy, the Accessibility for Ontarians with Disabilities Act, and the Ontario Human Rights Code, accommodations are available by request for candidates taking part in all aspects of the recruitment and selection process. For a confidential inquiry or to request an accommodation, your recruiter or email
careerslifelabs.
Vaccinations are highly encouraged at LifeLabs’. Vaccinations may be mandatory for selected employees if regulated by provincial or regional governments, or through employer-led vaccination policie