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.Your role: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.
You’ve acquired 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.
Your skills include working with limited supervision and broad guidelines, regularly applying independent judgment on matters of significance to drive project success and compliance; while 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.
You have a Bachelor's / Master's Degree in Finance, Economics, Business Administration, Accounting or equivalent.
You must be able to successfully perform the following minimum Physical, Cognitive and Environmental job requirements with or without accommodation for this position.
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The pay range for this position is $97,000 to $154,000.
The actual base pay offered may vary within the posted ranges depending on multiple factors including job-related knowledge/skills, experience, business needs, geographical location, and internal equity.
In addition, other compensation, such as an annual incentive bonus, sales commission or long-term incentives, may be offered. Employees are eligible to participate in our comprehensive Philips Total Rewards benefits program, which includes a generous PTO, 401k (up to 7% match), HSA (with company contribution), stock purchase plan, education reimbursement and much more. Details about our benefits can be found here.
At Philips, it is not typical for an individual to be hired at or near the top end of the range for their role and compensation decisions are dependent upon the facts and circumstances of each case.
Additional InformationUS work authorization is a precondition of employment. The company will not consider candidates who require sponsorship for a work-authorized visa, now or in the future.
This requisition is expected to stay active for 45 days but may close earlier if a successful candidate is selected or business necessity dictates. Interested candidates are encouraged to apply as soon as possible to ensure consideration.
Philips is an Equal Employment and Opportunity Employer including Disability/Vets and maintains a drug-free workplace.
Skills Required
- At least 2 years of experience in business partnering, corporate finance, accounting operations, financial planning and analysis, or an equivalent field; alternatively, no prior experience is required with a master's degree.
- Bachelor's or master's degree in Finance, Economics, Business Administration, Accounting, or an equivalent field.
- Ability to work with limited supervision and broad guidelines, applying independent judgment on significant matters.
- Ability to monitor financial health, track key performance indicators, identify risks and opportunities, and develop corrective actions with business leaders.
- US work authorization without current or future visa sponsorship.
- Ability to meet the physical, cognitive, and environmental job requirements with or without accommodation.
Philips Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Philips and has not been reviewed or approved by Philips.
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Retirement Support — Retirement support is positioned as a standout, including a strong 401(k) match (often described at 7%) alongside pensions in some contexts.
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Flexible Benefits — Flexible benefits are emphasized through choice in health insurance options and a broad “Total Rewards” approach that combines compensation, health and wellness, and work-life support.
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Leave & Time Off Breadth — Leave and time off breadth appears strong, with generous paid time off and policies covering parental leave, caregiving responsibilities, volunteering, and family medical leave.
Philips Insights
What We Do
As a leading health technology company, it is our purpose to improve people’s health and well-being through meaningful innovation. Our goal is to improve 2.5 billion lives per year by 2030. We're always looking for ways to make life better – not only for our customers, but also for everyone working here. That's why we're taking steps to create an environment where we all acknowledge and embrace our differences and uniqueness and listen to and value each other's views. When people feel cared for and listened to, they bring their best qualities to work, leading to better collaboration, communication, innovation and success.
