Finance Director - Johannesburg South Africa in Johannesburg at Stryker Corporation

Date Posted: 11/26/2019

Job Snapshot

Job Description

JOB TITLE: Finance Director

The Job’s Mission

Responsible for the entire financial function of the company encompassing strategic direction, budget setting and forecasting, reporting, financial modelling, advice and guidance, measurement and controls, profit maximisation, asset control, adherence to corporate and statutory regulations. This function should also be seen as the business partner for the local GM, to drive the business in terms of sales and operating income improvements.

Key Activities & Accountabilities

Lead and Manage the entire financial reporting process in an effective and timely manner; tasks encompassing management of annual business plans and budget exercises, forecasting and reporting of financial results in compliance with company, USGaap, statutory and regulatory requirements.

Act as the lead person with the local authorities to ensure that internal control systems are reliable and financial statements are free from material misstatements.

Contribute and participate actively with the Country General Manager in setting up strategies and business plans to achieve Country goals and objectives.

Budgets, forecasts and strategic planning: Analyse current trends, economic indicators, inflation, expected growth, expense trends and the like.  Collaborate with GM, BUD, HR. operations and peers across the division or international. Budget according to EEMEA and International guidelines and provide strategic year to year growth and direction regarding operational and structural requirements vs sales and operating income.

Profitability and expense analysis: Communicate regularly with departmental heads in terms of budget achievements as well as communication with internal and external auditors. Set challenging but achievable budgets and review actual vs budget performance. In cooperation with the GM take necessary corrective actions to get back in line with budget.

Asset control: Analyse return on investment and review trends, costing, AR balances and cash flow.  Responsible for resolving operational issues, communicate with customer contacts, customer decision makers and bank managers.  Adhere to statutory regulations. Maximize cash flow by managing our assets (AR, Inventory) in an effective and efficient manner.

Reporting: Ensure accurate and timely Financial reporting in line with corporate guidelines (USGAAP) and statutory requirements (Local GAAP).  Review monthly and quarterly financial reports, query over expenditures, present feedback to management and provide direction and corrective action where necessary.

Oversee annual external audit process by communicating to external auditors and ensure annual external audit is managed effectively and efficiently in line with corporate guidelines and statutory requirements.

Internal controls: Ensure effective and efficient internal controls are in place in line with Sarbanes Oxley (SOX)  standards, and implement corrective actions in case of any deficiencies identified by internal or external auditors.

Managing a team: Ensure effective management of local Finance & Operations teams to ensure reporting deadlines are met in accordance with Stryker guidelines, running a smooth operations team, but also including indirectly managing/supporting outsourced service providers (CapGemini), or any other Stryker Centralized Finance service center.

Tax: Ensuring all Corporate & Local Tax reports and requirements are completed within Corporate guidelines and local regulations. Liaising and communicating regularly with the International Tax department.

Education

Ideal requirements

  • Degree holder majoring in Finance and Accounting
  • Qualified CA or CIMA or equivalent professional qualification
  • Demonstratable hands-on F&A experience in developing and implementing robust internal controls
  • Working knowledge of US GAAP requirements
  • Evidence of an in depth understanding of all aspects of global logistics processes
  • Proven track record in successful management and at least 3 years leading a team in multinational company
  • Related Business qualification would be advantageous (MBA)

Experience

  • 5 - 10 Years experience in similar position and/or similar industry
  • Working knowledge of US GAAP and Sarbanes Oxley requirements.

Competencies

  • Ability to interact, influence and partner with leaders across functions and countries
  • Excellent communication skills with proficiency in spoken and written English
  • Unquestionable ethical standards and integrity
  • Strong leadership qualities, ability to move others to take action and motivate teams
  • Business and strategic thinking
  • Hands-on ability to implement swiftly and effectively by taking ownership and accepting responsibility
  • Ability to interact with diplomacy and tact whilst maintaining appropriate assertiveness and persistence by being culturally aware and driving win-win solutions

High standards/process improvement

Work From Home: Occasional

Travel Percentage: 10%

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