Associate Manager, Finance in Hamilton at Stryker Corporation

Date Posted: 2/12/2020

Job Snapshot

Job Description

This position is responsible for ensuring the integrity and accuracy of Stryker Canada’s financial statements. The Associate Manager, Finance will be responsible for establishing processes and procedures to ensure compliance with Corporate and US GAAP/Canadian GAAP policies; monitoring income and expenses and asset utilization activities; making recommendations regarding decisions that have financial impacts on the business and supervising financial reporting requirements. In addition to the above, the Associate Manager, Finance must provide the business with the financial and business acumen necessary to enable informed business decisions, manage risks and opportunities and achieve business objectives. The position must build and shape a strong team and serve as a key member of the Finance leadership team while championing Stryker’s Mission and Values.

What you will do

Leadership/People Development:

  • Coach, develop and lead direct reports by providing developmental and growth opportunities
  • Build and maintain exceptional employee engagement throughout the department and conduct employee engagement sessions/action plans annually
  • Conduct annual and interim performance reviews
  • Responsible for departmental compliance with company policies and corrective actions
  • Responsible to live and exemplify Stryker’s Values: Integrity, Accountability, People, and Performance

Functional Responsibilities:

  • Manage monthly close and ensure financial transactions and financial statements are properly documented, complete and accurate and in compliance with applicable accounting guidelines (US GAAP/Canadian GAAP) and policies
  • Ensure that financial statements are reported accurately as a result of the impact of FX (Functional currency is the CAD, reporting currency is USD)
  • Oversee the preparation and review of account reconciliations to ensure the reconciliations are prepared in a timely manner, well documented, adhere to corporate policies and accounts are properly stated
  • Ensure issues effecting the accuracy and integrity of the financial statements as well as other risks and opportunities are communicated in a timely manner with a clear view on necessary action plans, timelines and resources required
  • Drive various finance initiatives such as inventory improvement and cost management
  • Work closely with US corporate treasury and manage day-to-day Canadian treasury function including FX forecasting (hedging) monthly cash flow projections and banking relationships
  • Manage accounts receivable to minimize DSO and bad debt
  • Manage inventory KPIs and mitigate inventory write-offs through proactive analytics
  • Collaborate closely with shared services and monitor daily and month end deliverables from shared services to ensure adherence to timelines and accurate reporting/reconciliations/journal entries
  • Provide clear and concise analysis of the root cause of variances to budget/forecasts as well as emerging trends that may have significant impacts to financial performance
  • Provide monthly commentary on business results on both the balance sheet and income statement
  • Drive various finance initiatives such as inventory reductions, excess and obsolete (E&O) minimization & cost management through the Cost Transformation for Growth initiatives
  • Manage cash flow through inventory levels, capital investment and accounts receivable initiatives
  • Effectively interfacing with operations, Corporate reporting, Internal Audit and Global Controllership teams to facilitate internal and external audit activities
  • Ensure a strong internal controls environment supported by Sarbanes-Oxley (SOX) documentation and testing and ensuring controls are compliant with the current SOX guidelines
  • Work with business leadership to identify and execute opportunities to manage costs, leverage investments in assets and drive improvements to operating income
  • Enforce cost control/ownership by overseeing the monthly cost center analysis and forecasting for all Canada Business Operations (CBO) cost centers working closely with cost center cross-functional managers. Guide cost center managers in situations of over or under spend
  • Manage the development of CBO cost center budgets together with cost center managers.  Build business case for new headcount or incremental spend initiatives
  • Prepare and develop assumptions for annual compensation budget by collaborating with finance business partners
  • Key member on major capital expenditure projects and responsible for development of Capital Expenditure Request (CER) submission to Corporate Capital Committee
  • Finance advisor for all acquisition integration projects and legal entity amalgamations or restructuring initiatives
  • Collaborate with Corporate tax for all acquisition/amalgamation journal entries, working closely with external consultants and legal advisors
  • Manage the Canada insurance program with Corporate Risk Management to ensure appropriate coverage (and update as the business needs change) and deliver required Certificate of Insurance (COI) documents to third parties
  • Overseas the Professional Affairs function ensuring compliance to medical device code of conduct on interactions with health care professionals (HCP)

Conduct & Compliance

  • Abide by and support the policies set forth in the Stryker Code of Conduct
  • Understand that compliance with the Code of Conduct, as it may be amended by Stryker Corporation from time to time, is a condition of continued employment with Stryker
  • Conduct work in compliance with all laws, rules, and regulations and in accordance with Stryker’s high ethical standards
  • Report any violations of these policies and procedures to Stryker management or in the manner outlined in Stryker’s Ethics Hotline Policy

Competencies

  • Keen business acumen and orientation. Able to think through business strategy to the ramifications of what’s valuable to the business, operational dynamics and then create an organizational performance strategy that directly drives business outcomes
  • Strong interpersonal skills with the ability to influence others and drive change while working across all levels, functions, and regions
  • Sound understanding of global process and transactional flows
  • Clear thinking/problem solving:  successfully led projects/process improvements within

    operations/finance functions involving process improvements; able to quickly grasp new ideas

  • Adaptable/Flexible:  being open to change in response to new information, different or unexpected circumstances, and/or to work in ambiguous situations
  • Integrity:  accepting and adhering to high moral, ethical, and personal values in decisions, communications, actions and when dealing with others
  • A highly collaborative professional who can drive partnership, alignment and communication across functional, business and geographic lines. Able to develop “trusted advisor” status at leadership levels to impact and influence decisions and effective actions
  • Practical, results-oriented executor who brings strong focus and project management to delivering against priorities in a fast-moving environment that required adaptability
  • A take-charge personality who will not sit back and wait for all the answers to shape action plans. Someone who will lean into challenges, seek out the right organizational context and proactively learn the business as well as existing talent and organizational infrastructure, plans and processes to formulate the right problem-solving frameworks
  • Highly developed interpersonal skills with the ability to communicate effectively at all levels of the organization; adept at working in a highly matrix environment

What you need

  • Bachelor’s degree in accounting or finance is required
  • Professional designation in Accounting (CMA/CGA/CA) required
  • Minimum 6 years progressive accounting experience including US and Canadian GAAP and Sarbanes Oxley Act required
  • Previous manager/supervisory experience preferred
  • Technical accounting and internal controls expertise preferably public accounting experience
  • Experience with Oracle and Hyperion preferred
  • Experience working in a global business environment with a U.S., Canadian, or European Multi National Company
  • Internal applicants with an equivalent combination of education, experience and performance over time at Stryker will be considered

Work From Home: Not available

Travel Percentage: 0%

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