Summary
Overview
Work History
Education
Skills
Timeline
Generic

Dan Quach

Director, Procurement
San Diego,California

Summary

Results-driven finance professional with strong track record in strategic financial management and analysis. Skilled in budgeting, forecasting, and financial planning, with focus on optimizing profitability. Known for fostering team collaboration, adapting to changing priorities, and consistently delivering impactful outcomes. Recognized for reliability, leadership, and deep understanding of financial systems and processes.

Overview

14
14
years of professional experience

Work History

Director, Procurement, Drug Product Division, PSG

Thermo Fisher Scientific
03.2024 - Current
  • Lead and develop a high-performing team of 20 procurement professionals, providing mentorship, guidance, and opportunities for professional growth
  • Executed key supplier cost strategies and tactics to deliver P&L profitability, deliver productivity of over $14.0 million in gross savings, over $9.9 million in indirect savings, and mitigate $6.0 million in inflation, while building a 2026 savings pipeline of opportunities
  • Facilitated cross-functional collaboration for improved decision-making processes within the organization regarding insights into Supply Chain Risks, Trade Tariff Impacts, Customer Impacts, and risk mitigation
  • Enhanced data-driven decision-making by implementing advanced analytics and reporting tools, while streamlining close and supplier review processes
  • Deploy supplier risk playbooks to proactively identify potential risks and implement mitigation strategies to minimize negative impacts on business operations and revenue

Senior Finance Manager, Sample Prep Business Unit

Thermo Fisher Scientific
02.2023 - Current
  • Finance Business Partner for General Managers and Functional Directors while covering vacant role of Finance Lead for Norway Site
  • Transform the Business Unit through deep financial analysis/ insight to influence key decision makers surrounding restructuring (>30% cost out)/ reduction in force (>25%) to deliver short and long term financial/ strategic commitments
  • Overachieve the closure of >$10M revenue gap by galvanizing the Commercial/ Marketing Teams to identify key action items to meet quarterly revenue commitments (price levers, contract terms, digital campaigns)
  • Deliver Business Unit EBITA % targets in dynamic changing environment by driving visibility into revenue/ margin mix headwinds and proactively driving trade-offs in Operating Expenses to maintain profitability targets
  • Lead financial analysis and provide finance approval for launch of high visibility new products; successfully influence executive approval through project gates
  • Orchestrate >$50M capacity expansion initiative; drive demand analysis with Product Management and capacity analysis with Operations to influence Executive Leadership Team on go/ no-go decision

Senior Finance Manager, Sample Prep, BID

Thermo Fisher Scientific
02.2023 - 03.2024
  • Finance Business Partner for General Managers and Functional Directors while covering the vacant role of Finance Lead for the Norway site
  • Transform the Business Unit through deep financial analysis and insight to influence key decision-makers surrounding restructuring (greater than 30% cost reduction) and reduction in force (greater than 25%) to deliver short- and long-term financial and strategic commitments
  • Overachieve the closure of over $10 million revenue gap by driving the Commercial and Marketing teams to identify key action items to meet quarterly revenue commitments (price levers, contract terms, digital campaigns)
  • Deliver Business Unit EBITA % targets in a dynamically changing environment by driving visibility into revenue/margin mix headwinds and proactively driving trade-offs in operating expenses to maintain profitability targets
  • Lead financial analysis and provide finance approval for the launch of high-visibility new products; successfully influence executive approval through project gates
  • Orchestrate a capacity expansion initiative of over $50 million; drive demand analysis with Product Management and capacity analysis with Operations to influence the Executive Leadership Team on the go/no-go decision

Senior Finance Manager, Cell & Gene Therapy, BID

Thermo Fisher
01.2021 - 02.2023
  • Finance Business Partner to Vice President, General Manager, and Functional Leadership Team (Commercial, Marketing, R&D, Product Management, Operations, and Divisional matrix)
  • Launched a new business unit; built a business case to invest an incremental >$20M in annual operating expenses, and successfully influenced executive approval
  • Finance Champion of the Leadership Team's 5-Year Strategic Plan within R&D's Innovation Roadmap (Build vs. Buy, attended Customer site visits to determine product fit, drove competitor analysis, market analysis, strategic bets) and Commercial/ Marketing's Go-To-Market Roadmap (targeted pureplay customers, digital campaign hit list, leveraged cross-company resources)
  • Navigated a multi-stakeholder group/division matrix organization to successfully lobby for over $20 million investment for OEM in a new product launch
  • Pioneered potential acquisitions with the Portfolio Team/Corporate Development to build financial deal models—ultimately foregone
  • Built an investment case of over $8M for a new science lab to collaborate with customers in support of key strategic cell therapy initiatives

Finance Manager, Operations, LSG

Thermo Fisher
01.2018 - 01.2021
  • Finance Business Partner to Procurement/Sourcing Leadership Team
  • Managed and forecasted raw material costs of over $2 billion on the P&L, while helping to deliver over $30 million in productivity savings year-on-year
  • Transformed operating mechanics through the implementation of a new inflation metric/process "DeltaP," which measures year-on-year price change by raw material type. This multi-year project included collaborating with the IT/systems team to harmonize ERP data, create a simple user interface to report SKU-level price changes, and implement a process to drive visibility, action, and accountability with the category/procurement leaders

Finance Manager, Operations

Thermo Fisher
01.2018 - 01.2021
  • Finance Business Partner to Procurement/ Sourcing Leadership Team
  • Managed/ forecasted raw material cost of >$2B on the P&L, while helping to deliver >$30M of productivity savings year-on-year
  • Transformed Operating Mechanics through implementation of new inflation metric/ process "DeltaP" - which measures year-on-year price change by raw material type; this multi-year project included collaborating with IT/ Systems Team to harmonize ERP data, create a simple user interface to report SKU level price changes, and implement a process to drive visibility, action and accountability with the Category/ Procurement Leaders

Finance Manager, Operations

Thermo Fisher
01.2018 - 01.2021
  • Finance Business Partner to Procurement/ Sourcing Leadership Team
  • Managed/ forecasted raw material cost of >$2B on the P&L, while helping to deliver >$30M of productivity savings year-on-year
  • Transformed Operating Mechanics through implementation of new inflation metric/ process "DeltaP" - which measures year-on-year price change by raw material type; this multi-year project included collaborating with IT/ Systems Team to harmonize ERP data, create a simple user interface to report SKU level price changes, and implement a process to drive visibility, action and accountability with the Category/ Procurement Leaders

Senior Financial Analyst, Group FP&A, LSG

Thermo Fisher
01.2016 - 01.2018
  • Managed >$80M SG&A Operating Expense budgets ensuring Annual Plan, Forecast commitments met; Finance Partner to VP Legal and International IT Leader

Senior Financial Analyst, Business Unit

Raytheon Technologies
01.2015 - 01.2016
  • Established and improved processes surrounding reporting of actuals, variance analysis to plan and forecast for Boeing 787 P&L, balance sheet, and cash flow to leadership; increased profitability by performing trend analysis to identify areas of opportunity in labor, overhead, and material cost on per unit basis

Senior Financial Analyst, Operations

Raytheon Technologies
01.2014 - 01.2015
  • Devised processes to manage Capacity, Manufacturing Direct/ Indirect Headcount, & Capital Investment; this encompassed using future build requirements loaded in SAP to forecast manufacturing shop load hours, headcount requirements, overhead rates impact, capacity load, and capital expenditures requirements to support demand

Financial Leadership Development Program

Raytheon Technologies
01.2012 - 01.2014

Rotated through four, six month assignments varying in finance disciplines to develop as a future finance leader. Rotations on program included:

Aerospace Systems, Charlotte, NC

Supply Chain - New Product Introduction

  • Established and implemented New Product Introduction Dashboard across strategic business units to ensure successful product ramp up of new programs; supported Supply Chain's “One Company” transformation initiatives

Pratt and Whitney, East Hartford, CT

Group Financial Planning & Analysis

  • Prepared Monthly Flash Report for Senior Leadership, President's Council presentation, tracked actuals to plan gaps for subcontract labor, and managed Hyperion Financial Management load scenarios

Pratt and Whitney, Middletown, CT

Compressions Systems Module Center, Operations

  • Supported business unit as Financial Controller for Business Unit Manager and Cell Leaders; reported and managed part cost analysis, overhead cost analysis, and delivered hours

Hamilton Sundstrand, Windsor Locks, CT

Engine Systems Finance

  • Managed capital appropriations/ headcount, and performed accounting reconciliations

Education

Bachelor of Science - Finance

University of Connecticut
Storrs, CT
05.2007 - 2011.05

Skills

Multidisciplinary team collaboration

Revenue Generation

Strategic and financial planning

Cost control and reduction

KPI management

Coaching and training

Financial analysis and reporting

Relationship building and management

Problem-solving

Timeline

Director, Procurement, Drug Product Division, PSG

Thermo Fisher Scientific
03.2024 - Current

Senior Finance Manager, Sample Prep Business Unit

Thermo Fisher Scientific
02.2023 - Current

Senior Finance Manager, Sample Prep, BID

Thermo Fisher Scientific
02.2023 - 03.2024

Senior Finance Manager, Cell & Gene Therapy, BID

Thermo Fisher
01.2021 - 02.2023

Finance Manager, Operations, LSG

Thermo Fisher
01.2018 - 01.2021

Finance Manager, Operations

Thermo Fisher
01.2018 - 01.2021

Finance Manager, Operations

Thermo Fisher
01.2018 - 01.2021

Senior Financial Analyst, Group FP&A, LSG

Thermo Fisher
01.2016 - 01.2018

Senior Financial Analyst, Business Unit

Raytheon Technologies
01.2015 - 01.2016

Senior Financial Analyst, Operations

Raytheon Technologies
01.2014 - 01.2015

Financial Leadership Development Program

Raytheon Technologies
01.2012 - 01.2014

Bachelor of Science - Finance

University of Connecticut
05.2007 - 2011.05
Dan QuachDirector, Procurement
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