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Director, Separation / M&A Management

Company: Baxter Healthcare
Location: Deerfield
Posted on: September 23, 2022

Job Description:

This is where you save and sustain lives At Baxter, we are deeply connected by our mission. No matter your role at Baxter, your work makes a positive impact on people around the world. You'll feel a sense of purpose throughout the organization, as we know our work improves outcomes for millions of patients.Baxter's products and therapies are found in almost every hospital worldwide, in clinics and in the home. For over 85 years, we have pioneered significant medical innovations that transform healthcare.Together, we create a place where we are happy, successful and inspire each other. This is where you can do your best work.Join us at the intersection of saving and sustaining lives- where your purpose accelerates our mission.The Baxter Integration Management Office is part of the Global Transformation team, and is accountable for developing and maintaining a consistent, efficient, and holistic integration and separation management approach.The Director of Separation/ M&A Management is responsible for developing and maintaining a consistent, efficient, and holistic due diligence, integration, and divestiture approach to support Baxter's Portfolio Management strategy. The main objective of this role is to facilitate the realization of the value of Baxter acquisitions, divestitures and other M&A ventures through developing effective structures, robust processes, and comprehensive toolsets, and facilitating the consistent use of these by Baxter stakeholders. On Divestitures, the Director of M&A will be working closely with Baxter Divestiture Management Office (DMO) and deal sponsors, with day-to-day responsibilities across all phases of the deal, from pre-deal diligence to post-close separation and transition services' (TSA) exit. In pre-deal diligence, the Director will support the DMO with reverse diligence activities, drafting of TSA schedules, managing separation planning, Day 1 readiness and deal cutover. In post-close phase, the Director's responsibilities will include the setup of a TSA governance and managing TSA exit activities, TSA financials, and monitoring key execution and operating metrics. The Director will also be responsible for leading the post-deal business reviews with the relevant business owners, reviewing performance, and working with the business owners to improve execution on future transactions.This role will report to VP, Global Integrations and will partner with business and functional leaders across the organization to execute separation/ integration plans and deliver milestones across multiple cross-functional workstreams.Essential duties and responsibilities include:

  • Lead the day-to-day development of Separation/ Integration planning and execution from pre-close to post-close.
  • Oversee the development of detailed separation and integration plans, deal timeline and roadmap
  • Identify and engage Baxter cross-functional stakeholders to define deal workstreams and integration / separation charters for each of them
  • Develop TSA schedules, costing methodology, governance, billing mechanism and exit planning
  • Facilitate critical separation workshops with cross-functional stakeholders (e.g., kick-off, Day 1 readiness / cutover and process-flow workshops)
  • Drive day-to-day execution of the deal process, including coaching cross-functional teams, leading weekly team meetings and driving proactive issue resolution
  • Manage deal governance process to ensure speed, consistency, and control over transactions
  • Identify and work closely with external deal advisors (e.g., bankers, external counsel, financial diligence teams and consultants)
  • Track and report to Baxter deal sponsors key metrics aligned with transaction value drivers and synergy plan
  • Develop, deploy and leverage a toolkit to identify and monitor action items and coordinate issues and dependencies all along the transaction lifecycle
  • Increase awareness and provide training for stakeholders to transactions, including BD, diligence teams and functional leads, business Leaders and business owners/managers
  • Conduct post-mortems on deal and integration / separation execution
  • Drive the development of deal planning and execution best practices
  • Serve as a subject matter expert representing Baxter's M&A Integration Center of Excellence in developing, espousing the philosophies, processes and results of the team and the organization both inside and outside of Company's wallsJob Requirements:
    • Masters' Degree in Business Administration (MBA) preferred
    • 7+ years of experience in M&A separation and integration, business operations and/or program management. Similar experience in a global medical device industry is preferred
    • Demonstrated ability to manage cross-functional teams and drive effective process management; ability to manage up and gain buy-in with Baxter VP and C-suite level executives involved on a deal
    • Solid critical thinking, analytical and problem-solving skills, including the ability to use quantitative and qualitative data to identify and evaluate assumptions and draw conclusions, ability to independently identify, resolve and escalate issues, and provide concise executive level summaries that accurately reflect analyses
    • Excellent written and verbal communication skills
    • Prior experience in complex divestitures
    • Detail oriented and process discipline key in developing, supporting and tracking detailed project milestones and metrics in complex, matrixed environments
    • Strong interpersonal skills and demonstrated team leadership / facilitation skills
    • Experience with transaction execution and subsequent separation planning
    • Understanding of organizational functional requirements, operational process flows, and corresponding KPIs
    • Proficient in conducting due diligence inquiries
    • Must be organized and able to manage and prioritize multiple projects
    • Work well in a non-hierarchical, proactive environmentThe successful candidate for this job may be required to verify that he or she has been vaccinated against COVID-19, subject to reasonable accommodations for individuals with medical conditions or religious beliefs that prevent vaccination, and in accordance with applicable law.Equal Employment OpportunityBaxter is an equal opportunity employer. Baxter evaluates qualified applicants without regard to race, color, religion, gender, national origin, age, sexual orientation, gender identity or expression, protected veteran status, disability/handicap status or any other legally protected characteristic. Reasonable AccommodationsBaxter is committed to working with and providing reasonable accommodations to individuals with disabilities globally. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the application or interview process, please click on the here and let us know the nature of your request along with your contact information.Recruitment Fraud NoticeBaxter has discovered incidents of employment scams, where fraudulent parties pose as Baxter employees, recruiters, or other agents, and engage with online job seekers in an attempt to steal personal and/or financial information. To learn how you can protect yourself, review our . 078380

Keywords: Baxter Healthcare, Arlington Heights , Director, Separation / M&A Management, Executive , Deerfield, Illinois

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