Director of Strategic Finance
Resume:
Andy Stone
New Haven, CT ***11
Cell: 404-***-****
********@*******.***
SUMMARY OF QUALIFICATIONS
Accomplished finance professional with experience in the medical technology, pharmaceutical and energy sectors. Results oriented leader with excellent organizational, analytical and communication skills. WORK EXPERIENCE
Medtronic plc, North Haven, CT Aug, 2016 – Current Director of Strategic Finance, Minimally Invasive Therapies Group (MITG)
• Lead annual Strategic Financial Planning Process for $10B group by developing financial strategies that maximize MITG impact on MDT’s market valuation; align Corporate financial processes and deliverables with MITG processes and deliverables
• Serve as key business partner with MITG President and CFO as the finance lead to ensure optimal deployment of financial resources
Align financial resources and decisions globally in concert with Global Finance and MITG Corporate Strategy & Portfolio Management
Develop metrics and analysis to operationalize the strategy and evaluate progress as well as assess risks and opportunities
Responsible for reviewing and analyzing annual forecasts, generating forecasts and analyses trends, intrinsic value, ROIC, capital metrics and IRR calculations and providing internal management reporting and business intelligence
Present financial results, trends and issues to Senior Management during monthly & quarterly business reviews
Develop retrospective and prospective analytics for evaluating performance of MITG investments and capital deployment as well as assess risk and opportunities in forecasted plans
Develop strategic financial scenarios that map to market assumptions to drive strategic decisions.
• Partner with R&D, Strategy & BD&L and other related functions across all MITG businesses and Corporate
Finance lead for evaluating organic and inorganic business investment portfolio decisions
Partner with Investor Relations to manage external reporting and expectations
Develop analytics to provide external stakeholders / analyst perspectives and influence MITG global strategies
Engage in special project work related to material group level portfolio management
Work with MITG Operating and Investment Committees to optimize resource allocation based on financial metrics and analysis
Partner with MITG Market & Competitive Intelligence team to analyze competitive earnings summaries and identify implications to the Medical Devices business
Partner with MITG Channel Management and Services teams to support strategy development
• Create metrics and key performance indicator (KPI) framework for analyzing investments, capital and business performance in aggregate and individually in addition to Medtronic Incentive Plan (MIP) and periodic reporting requirements
• Complete detailed financial pro-forma models and analysis to support other activities
• Manage financial analyst and monitor/support the professional development of direct report Medtronic plc, Minneapolis, MN Oct, 2009 – Aug, 2016 Senior Program Manager, Investor Relations
• Served as core member of Institutional Investor Magazine award-winning IR team; supported ~$50B acquisition and integration of Covidien
• Continuously developed and strengthened broad-based understanding of Medtronic’s strategies, business units, and geographies, as well as key functional areas, including Finance, Marketing, Legal, Regulatory, and Reimbursement
• Prepared for quarterly earnings releases, including performing critical ad-hoc analyses and compiling and distilling key business unit and geographic information for inclusion in Senior Management prep materials
• Managed preparations for and execution of Investor Conference and various Investor Briefings through regular interaction and business partnering with business unit and regional leaders and their teams
• Served as IR team lead on all M&A activity; responsible for knowing and understanding all strategic and financial aspects of each acquisition, minority investment, and divestiture
• Played key role in triaging and following up on variety of questions from global investment community on Medtronic’s products, global markets, and financial performance
• Built and maintained various financial and market models for Medtronic and competition
• Supported IR presence at key industry and financial conferences, acting as a liaison between the global analyst/investment community and Medtronic management
• Closely monitored key analyst reports relating to Medtronic, key competitors, and key industry issues, communicating relevant information to internal stakeholders, including Executive Committee and business unit/regional leaders Medtronic, Inc., Minneapolis, MN Nov, 2007 – Oct, 2009 Finance Manager, Spinal & Biologics Business Unit
• Managed 3 Sales Regions and Discyphor Organization - annual revenue totals ~ $650M
• Developed Region/District annual expense budgets and monitor budget performance; looked for ways to maximize budget dollar usage and make spending more efficient
• Maximized the revenue generation and profitability of field assets by providing strategic analysis and recommendations to Senior Management; authorized to place up to $1.5M of inventory at accounts to procure incremental revenue
• Performed territory optimization analysis – headcount planning, territory structure and budgetary impact - and provided recommendations to Senior Management
• Led Policies and Procedures Integration Team (consisting of both Kyphon & S&B employees) during the integration of Kyphon
• Conducted sales compensation analysis and support
• Built and maintained forecasting models used to project Region/District performance at the end of the fiscal quarter/year Medtronic, Inc., Atlanta, GA Sep, 2004 – Nov, 2007 Principal Financial Analyst, Cardiac Rhythm Disease Management Business Unit
• Allocated Regional $250-$300M revenue plan target to Districts using market share data, unit/revenue performance metrics and ASP data
• Developed expense budgets for Districts from Regional target and monitored budget performance; identified possible areas of improvement
• Built and maintained forecasting models used to project Region/District performance at the end of the fiscal quarter/year
• Conducted ad-hoc analysis on all aspects of business activities; maintained databases and provided monthly/quarterly reporting on various performance metrics
• Selected to help develop and implement CRDM Field P&L Project – member of Core Team
• Promoted twice (Financial Analyst to Senior Financial Analyst to Principal Financial Analyst) in less than 3 years Solvay Pharmaceuticals, Inc., Atlanta, GA Mar, 2004 – Sep, 2004 Business Analyst Intern
• Participated in the development of the five-year financial plan for commercial operations
• Prepared detailed financial schedules and supporting comprehensive analysis of promotional spending programs, sales force meetings and incentive programs, commercial costs and cost optimization initiatives
• Monitored and resolved key issues in collaboration with accounting group to ensure accordance with GAAP Core Body Gym, Atlanta, GA Dec, 2002 – Mar, 2004
Manager
• Managed membership contracts and maintained contract finances Mirant Corporation, Atlanta, GA Jun, 2001 – Dec, 2002 Financial Analyst
• Selected from Mirant’s top-ranked finance talent to provide special projects support for the CFO
• Worked on $500M acquisition of two power plants located in Georgia and Florida from El Paso Energy
• Built and utilized financial models in the valuation of generation assets and determined projects’ NPV/IRR
• Co-headed team that developed competitor and industry analysis using various financial metrics
• Helped with the preparation of consolidated financial statements for Corporate Board and earnings communications; participated in the preparation of CFO/CEO for earnings calls
• Conducted meetings with international corporate leaders and presented on various company topics EDUCATION
University of Alabama, Tuscaloosa, AL
Master of Arts in Finance, May 2001
• J.L. Bedsole Memorial Endowed Fellowship recipient University of Alabama, Tuscaloosa, AL (1997-1999)
• Law School classes and Finance/Accounting classes Auburn University, Auburn, AL
Bachelor of Arts in Psychology, June 1997
• Graduated summa cum laude with a 3.9 GPA
• Phi Kappa Phi Honor Society – top 5% of class
AWARDS
Institutional Investor Magazine – Leading IR Firms, Healthcare/Medical Devices:
• Best IR Team, Overall (2017)
• Best IR Team, Buyside (2010, 2014)
• Second Team, Sellside (2009, 2013, 2014, 2017)
• Second Team, Buyside (2011, 2013)
• Third Team, Buyside (2017)
Tri-Regional CRDM Employee of the Quarter Award
CRDM Employee Recognition Award – Customer Focus/Business Partnering for work with CRDM P&L Team SOFTWARE SKILLS
SAP, Business Objects, Cognos, Hyperion Essbase, Siebel, Microsoft Office including Excel (macros, pivot tables, graphing/charting, formulas, hyperlinks), Access, PowerPoint and Word, Thomson ONE, Intellimed, Bloomberg, Hoovers, LexisNexis and Westlaw.
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