Finance Director GSAP in Duisburg at Stryker Corporation

Date Posted: 7/2/2019

Job Snapshot

Job Description

The Job's Mission

The mission of the Germany/Switzerland/Austria/Poland (GSAP) Finance Director is to provide the Region’s business and functional leaders with the financial support required to enable informed decisions, manage risks and opportunities and achieve business objectives. The role also has primary ownership of the accuracy, reliability and relevance of the financial statements and must be able to analyze and explain significant drivers of changes in financial performance.

 This person must also take an active role in the implementation and management of an effective system of internal controls, partnering with other parts of the organization to ensure financial transactions are properly reflected in the financial statement and in full compliance with all applicable laws and regulations.

Your key responsibilities

Collaboration and Business Interactions

  • Build and develop strong relationships with Country business and functional leaders, Europe Finance and Divisional Finance
  • Support the deployment and the evolution of the Transatlantic Operating Model, building and developing a strong environment of collaboration with divisional sales, marketing and finance teams and providing local insights to the pan-European TOM divisional organization
  • Act as primary financial partner for Country business leaders, supporting the development and evaluation of new business opportunities and providing guidance and insight into significant transactions to ensure business objectives are achieved.
  • Work across the organization to ensure there is consistent focus on compliance with Corporate and local policies and procedures, laws and regulations. Represent Finance on the Region’s Compliance Committee.
  • Represents the function on organizational project teams, at management meetings and with external organizations. Act as Finance lead for acquisitions and business integrations
  • Member of the Country Leadership Team and of the European Finance Leadership Team

Business Planning & Analysis

  • Lead and manage the GSAP financial planning & reporting process in an effective and timely manner. Partner with Europe FP&A to ensure timely and accurate completion of all operational forecasts and budgets
  • Provide strong analytical support to Divisional Finance and GSAP business leaders
  • Seek guidance from Divisional Finance prior to approving significant business decisions or making recommendations to the business that may have a material impact on the division’s financial performance
  • Provide input on and validate strategic and operational plans, budget and projections to ensure they are in line with local business conditions and total Company objectives and strategy
  • Work with other functions such as Legal, Tax, Customer Care, Operations, and Europe Finance teams to identify market specific issues and requirements that may affect business performance, and to timely address those issues

Performance Management

  • Actively manage the P&L to drive sales and operating income performance and increase Operating Margins across the Region
  • Provide analysis and insights into variances between actual and expected financial results
  • Support the Business Leaders to set up strategies and business plans to achieve the Region’s goals and objectives, providing strong business acumen and decision support
  • Consult on financial aspects of strategy and management decisions across business segments; challenge operating businesses in a constructive manner; report and track business performance against measures that affect value; drive budgeting and resource allocation processes.
  • Devise appropriate strategies and controls to maximize cash collection and optimize inventory to improve cash flow performance. Define and implement action plans to reduce DSO and DII.
  • Implement and maintain a solid credit management program and a strong credit control environment to minimize collection risks. Review and approve significant credits or other adjustments to customer accounts
  • Work with the business to execute strategies to maintain adequate expenditure and investment controls for the Region. Ensure operational effectiveness and efficiency through effective KPI reporting and monitoring.
  • Partner with Europe Indirect Spend to leverage cost reduction initiatives. Actively seek and pursue efficiency improvement opportunities.

Financial Accounting and Reporting

  • Ensure timely and accurate completion of all financial reporting in compliance with company policies & procedures and in accordance with US GAAP standards.
  • Ensure high quality of the accounting records and overall accuracy of the P&L and Balance Sheet of the Region:
    • Partner closely with the Shared Services Center organization to ensure all accounting entries and financial records are accurate and validated
    • Review P&L and Balance Sheet statements to identify and correct errors or omissions prior to reporting.
    • Confirm that adjustments for revenue recognition, rebates and other credit and debit adjustments are properly accounted for and in the correct period
    • Work with the EFSSC accounting teams to provide input to and validate assumptions that are used to establish reserves and accruals
    • Ensure there are adequate processes in place to capture all required costs and accruals
    • Manage the review of account reconciliations and the quarterly balance sheet review process
    • Sign off quarterly SEC certifications
  • Provide input and guidance for direct and indirect local tax computations
  • Assume overall responsibility for Country Financial Statements and compliance with local Statutory and Tax requirements, including the management of local audits

Internal Controls

  • Responsible for the implementation and management of an effective internal control system for the Region, in line with Sarbanes Oxley requirements. Ensure adequate resources and training are in place to continuously review and improve the system.
  • Oversee the timely and complete implementation of Corporate Policies.
  • Make sure critical business processes are well documented and communicated to facilitate effective and efficient execution
  • Assume primary responsibility for the results of internal and external audits. Set the right tone for the team and ensure they have the resources and knowledge required to maintain high standards of financial compliance.
  • Maintain proper control over company assets, cash and bank accounts, payables and payroll accounting to safeguard against misappropriation of assets

Team Management

  • Provide leadership and direction to the GSAP Finance team, leading by example.
  • Ensure that resources are optimally deployed across the Region, work is allocated effectively, and talent is continually developed to meet the current and future needs of the organization.
  • Establish and clearly communicate performance objectives and development plans. Maintain regular communications on progress and take necessary steps to address issues as required
  • Identify high potentials and provide them with opportunities to grow and develop to their next roles
  • Actively promote an environment of trust and high engagement
  • Lead the evolution of the finance function in GSAP in alignment with global business and functional strategies

What are we looking for?

  • University Degree qualified and holder of CPA or equivalent professional qualification is essential.
  • 8 -10 years experience in Multinational corporation, with progression to a management role (Finance Director / Controller / Senior Manager). Big Four auditing background also desirable.
  • Working knowledge of US GAAP and Sarbanes Oxley requirements.
  • Demonstrated experience in developing and implementing a robust internal controls system.
  • Fluency in German and English is essential
  • Proven experience in leading a high performing finance team across multiple countries
  • Demonstrated ability to build engagement and leverage performance management systems to reach business objectives; includes goal setting, performance planning and monitoring, coaching, feedback and performance review
  • Excellent collaboration and communication skills; strong cross-functional influencing skills & teamwork.
  • High Ethics. This leader needs to be of impeccable ethics.   High integrity leadership will be essential to the delivery of Stryker’s vision of being the most admired company, and how that will be achieved through impeccable ethics.
  • Execution focus. This is a significant hands-on role, with a clear focus on execution.  This leader must have a proven track record of delivering exceptional results over an extended period.   This leader must have an incredible understanding of exactly how their business is performing in all key areas, and possess huge internal drive and motivation.  The successful candidate will need to have had considerable experience and success at preparing and executing targeted marketing and sales programmes to win business off the competition and take market share. This is a unique turnaround opportunity.
  • Engage and inspire the workforce. This leader needs to be able to build confidence, trust, inspiration and commitment to a workforce.    In addition to gaining the commitment of the existing workforce, they need to build an even stronger team.  This person should be a ‘talent magnet’, the sort of great leader that those who have worked for them before, want to work for again.  However, this is not just about hiring old contacts, but really being able to sort which people are the very best, and will be able to add talent bench strength to Stryker.  This leader must be excellent at organising resources and getting the whole business working as one team.  A passion and talent for orchestrating people resources will be essential.  This leader will need to have had considerable experience at building winning teams.

Work From Home: No

Travel Percentage: Up to 25%


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