Andrew Brummel Email & Phone Number

Niles, IL, US

Greater Chicago Area

Remote

• Head of Financial Processes and Analyses for North America (NAM) In Vitro Diagnostics (DX) with $1.7B annual revenue.
• Directed annual budgets, monthly forecasts and reporting for 2 business units and 2 business segments with $550M annual spending, 1,800 employees and over 70 cost centers.
• Finance negotiator on team that won Quest Diagnostics Immunoassay 9-year sole source award for over $400M.
• Identified and drove initiative to streamline and automate accounting for cost per reportable result billings which increased revenue recognition by $3M.
• Developed process to significantly improve visibility and forecast accuracy of U.S. DX sales commissions.
• Managed and drove development and implementation of productivity measures across functions to achieve $13M annual productivity targets.

Hoffman Estates, Illinois, United States

• Controller and co-manager for U.S. DX alternate channels business with $250M annual revenue
• Managed reporting, reimbursements, forecasts, management fees, rebates and account list change impact analyses for U.S. DX alternate channels business.
• Reassessed, modeled and negotiated distribution partner agreements which incentivized growth, increased market coverage, minimized risk to Healthineers and reduced annual costs by $3M.
• Led and completed project to accelerate recognition of $2M undelivered training revenue by 1.5 years.
• Identified, led and implemented initiative which reduced trade-in credits by $600K.
• Reassessed and streamlined U.S. DX sales incentive compensation plans (over 40 plans), quotas and processes for over 300 sales representatives to ensure alignment with and incentivize achievement of business targets.

Deerfield, Illinois, United States

• Controller for U.S. Chemistry/Immunochemistry and Molecular/Microbiology business units with $1.4B annual revenue
• U.S. finance lead for divestiture of Microbiology business ($100M annual U.S. revenue and 90 HC) including confidential due diligence and leading 5 project workstreams through the transition.
• Controller for alternate channel project that achieved distribution partnership for small account business with $200M annual revenue including leading financial modeling, finance workstream and contract negotiations.
• Finance lead for go-to-market initiative which developed and launched a sales and operations team focused on large accounts which improved retention and win rates and drove growth.
• Created and managed NAM process to track and address revenue and profit impact of quality and supply issues.
• Developed annual budgets and quarterly forecasts for 2 business units including P&Ls, balance sheets and HC.

Deerfield, Illinois, United States

• Directed reporting, planning, accounting and credit functions for U.S. DX organization with $1.8B annual revenue.
• Developed annual budgets and quarterly forecasts, including P&Ls, balance sheets and HC for 4 business units.
• Managed process and reporting transition through consolidation of 3 legacy systems and split of P&Ls and balance sheets into 4 new business units.
• Developed tracking and reporting for confidential savings initiative which reduced personnel cost and HC by 8%.
• Led Financial Planning and Analysis, Accounting, and Credit teams consisting of 2 managers and 10 analysts at 2 sites and collaborated across functions with marketing, accounting, HR, sales, service, IT, and HQ.

Deerfield, Illinois, United States

• Finance lead for global Point of Care business unit with $600M annual revenue.
• Core member of Point of Care Leadership team, Strategy team, Operations team and Product Steering Board
• Developed financial models and valuations for confidential acquisition project
• Managed one senior financial analyst

Glasgow, Delaware, United States

• Developed financial models and valuations of product lines for confidential portfolio strategy/divestiture project

Deerfield, Illinois, United States

• Directed financial reviews of Requests for Proposal to ensure completeness, maximize profitability and minimize risk
• Reviewed and approved pricing, profitability, and terms/conditions of escalated customer sales quotes
• Directed $15M annual payments for admin fees and incentive programs to Group Purchasing Organizations, IDNs and distributors
• Managed Corporate Accounts team consisting of one manager and four analysts

Deerfield, Illinois, United States

• Directed weekly and monthly sales reporting, management reporting, and installed base reporting
• Managed monthly revenue recognition and fair market value establishment for all U.S. instruments
• Directed compliance with Sarbanes-Oxley (SOX) procedures, documentation requirements and internal/external audits

Deerfield, Illinois, United States

• Completed financial reviews and revisions of sales agreements and Group Purchasing Organization master agreement proposals
• Achieved $300K liability reduction through Group Purchasing Organization counter-audit project
• Developed SOX documentation and process controls for Mexico and Brazil operations through in-person projects

Deerfield, Illinois, United States

• Developed annual U.S. operating plans and forecasts for three product lines
• Led monthly product line reporting meetings with marketing management groups

Deerfield, Illinois, United States

• Coordinated global capital planning, reporting and approval process and Executive Capital Committee
• Led planning processes for global IT, Quality Assurance and Safety/Environmental functions
• Coordinated financial modelling for strategic development plan for next generation Vista product line

Deerfield, Illinois, United States

• Consolidated and analyzed global operating plans, quarterly forecasts and corporate capital budgets
• Created global, regional and divisional financial reports and prepared monthly reporting packages

Chicago, Illinois, United States

• Researched stock and bond investments, reported performance and implemented strategies to maximize return on $150M trust which averaged 30% annual return during my tenure

Mba, Finance

Graduated with Honors

Bs, Finance

Graduated with High Honors