Verizon Mgr-Business Operations in Basking Ridge, New Jersey
What you’ll be doing...
The Business Excellence Organization The Business Excellence team is a newly created organization and focused on eliminating $10B in cash spend from Verizon over the next 3 years. This program will require individuals with a strong business acumen, analytic and communication skills. It will require working with senior executives across Verizon to develop and manage large programs to achieve the $10B goal and ensure sustainability of the reductions.
The Manager is a highly competent employee responsible for quantifying vendor spend elimination opportunities that span the company in order to achieve the overall $10B in savings for this major initiative. The individual will work with senior executives and operational teams across Verizon in establishing financial goals and on developing the metrics for success. The individual will work closely with each team to ensure the success of the programs by monitoring and reporting in accordance with the program plan.
The Manager shall demonstrate broad knowledge of the various Verizon business units. The Manager must possess executive communication skills, and quickly be able to identify and overcome potential program challenges.
Management of the Vendor Spend across the Verizon Enterprise
This strategic position will drive programs around vendor spend to deliver the corporate $10B elimination initiatives. This strategic position will support the ZBB process across the Verizon enterprise, working with senior leaders and operational teams for alignment on vendor spend programs and benefits, and ensuring timely delivery. The Manager will work closely with Corporate FP&A on approach and align to the overall corporate planning process.
Evaluate business vendor spend across the enterprise to serve as a functional expert to the business client, provide strategic guidance and insights during the reduction process and identify impacts of potential unintended consequences.
Gain understanding of the business functions and how vendor spend drives success of their initiatives and operational issues impacting the success of the program.
Deliver best in class vendor spend processes, tools and related governance across Verizon.
Drive continual improvement in vendor spend visibility working with Sourcing, Accounts Payable and Technology teams.
Interpret and evaluate monthly analyses of business trends, including variance to plan of financial results, initiative timing and Key Performance Indicators (KPIs) to identify areas of risk and opportunities and provide recommendations.
Partner with the business to develop costing/profitability models to substantiate and prioritize vendor spend.
Communicate and collaborate to ensure successful program execution.
Business Excellence Subject Matter Expert
Collaborative and influential communication skills to drive agreement/commitment and ensure complete buy-in from Senior Leadership.
Understand financial and basic accounting concepts.
Ability to apply business acumen across multiple business units and functions
Drive linkage to value/strategic initiatives.
Identify and track operational KPIs to ensure the health of the business as reduction initiatives are implemented.
Develop process mappings to identify inefficiencies and build sustainable reductions in vendor spend.
Administration, Ad Hoc Analysis & Reporting
Provide executive reporting and presentation materials that reflects vendor spend initiatives performance.
Financial analyses including timing of benefits realization, return on investment and payback period.
What we’re looking for...
You'll need to have:
Bachelor’s degree in Accounting, Finance, Economics or four or more years of work experience.
Six or more years of relevant work experience.
Project management experience.
Experience with Microsoft Office Suite including Excel and PowerPoint.
Even better if you have:
A Master's in Business Administration, Accounting, Finance, or Economics.
Experience in the technology and/or telecommunications industry.
A professional certification (e.g. CPA, CMA).
A high degree of analytical capability with the demonstrated ability to structure business case around a high-level strategic vision.
Strong strategic skills, with the proven ability to identify and assess key points, implications and recommendations.
An advanced understanding of corporate financial planning, reporting & analysis, and costing/profitability methodologies and processes.
Demonstrated in depth understanding of common business and cost drivers, financial statement analysis, and deep-dive analysis.
Knowledge Generally Accepted Accounting Principles, tax reporting and accounting practices.
Demonstrated experience in continuous improvement initiatives, root cause analysis and project management.
Proficiency in Essbase, Smart View, Hyperion Planning, and Hyperion Strategic Finance.
Experience leading large and complex team projects with minimal supervision.
Knowledge of zero based budgeting (ZBB).
When you join Verizon...
You’ll be doing work that matters alongside other talented people, transforming the way people, businesses and things connect with each other. Beyond powering America’s fastest and most reliable network, we’re leading the way in broadband, cloud and security solutions, Internet of Things and innovating in areas such as, video entertainment. Of course, we will offer you great pay and benefits, but we’re about more than that. Verizon is a place where you can craft your own path to greatness. Whether you think in code, words, pictures or numbers, find your future at Verizon.
Equal Employment Opportunity
We're proud to be an equal opportunity employer- and celebrate our employees' differences, regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or Veteran status. Different makes us better.