Stryker is one of the world’s leading medical technology companies and, together with our customers, is driven to make healthcare better. We offer innovative products and services in Orthopaedics, Medical and Surgical, and Neurotechnology and Spine that help improve patient and hospital outcomes. We are proud to be named one of the World’s Best Workplaces and a Best Workplace for Diversity by Fortune Magazine. Learn more about our award-winning organization by visiting stryker.com
The Job's Mission
As a Stryker Associate Finance Manager, you will support the Finance Director in providing support to the business for all finance related projects. This role will also act as a support and cover to the Finance Manager to ensure continuity of key processes.
Key Activities & Accountabilities
These responsibilities include but are not limited to the following. Note that responsibilities may be added or removed as deemed necessary based on the needs of the business.
Shadow the Finance Manager and understand the roles and responsibilities of this function to act as cover when needed.
Execute month end and year end closes and preparation of supporting schedules.
Development of training guides relating to all reporting duties to ensure continuity and appropriate succession planning.
Assists on new deals that could impact revenue recognition principles, asset accounting and other governance controls.
Act as the project lead for all finance related projects with the support of the rest of the finance team.
Leads the preparation of quarterly forecasts and annual budgets for all cost centres and business units, sales, orders and margins.
Provides guidance to junior team members on monthly activities and requests from the business.
Perform ad hoc requests and queries as requested by management, the business, regional and corporate team.
Development of dashboards for management and the business to assist with cost savings and inventory analysis.
Accurate and Complete Financial Accounting and Reporting,
Balance sheet reconciliations
Maintain and perform an effective system of Internal Controls (SOX)
Liaise with internal and external auditors
Support statutory financial statement close
Support local taxation compliance
Preparation of the financial reporting package ensuring timely and accurate:
Sales and gross margin reporting
Calculation of inventory and debtors reserves as well as monthly accruals
Payroll processing and accounting
General ledger and cost center maintenance
Completion of the month-end close checklist and quarterly U.S. SEC reporting packages
Review P&L to ensure expenses conform to approved budgets/forecasts and work with the FP&A to proactively manage profitability
Preparation of Flash and Actual into HFM for monthly, quarterly and year end reporting.
Review of monthly balance sheet account reconciliations, ensuring all reconciling items are valid and cleared in a timely manner and suspense account balances are kept to a minimum at all times
Ensure internal control documentation is maintained monthly as well as monitoring of internal controls
Responsible for providing regular feedback on performance of cost centers and allocated business units.
Identification of & monitoring cost saving opportunities and driving these through the business by implementing/monitoring strategic operational initiatives.
Preparation of quarterly forecasts & annual budgets for responsible cost centers/ business units.
Provide guidance to junior team members on monthly activities and requests from the business
Provide training to junior team members and review related work.
Preparation of monthly cost Centre reporting to the business (BU P/L) & presentation of such.
Preparation of monthly business review reports
Perform ad hoc queries as requested by Management, and the business
CA(SA)/ CIMA - One of these qualifications is required
Automate as much of the day to day activities to assist the Finance team with more value adding tasks.
Support of internal controls with testing and filing of evidence where appropriate.
Providing supporting documentation and assisting with external audit queries.
Advanced Excel skills to identify any opportunities and improvements in processes.
Exposure to IFRS 9 and IFRS 16
Minimum of 3 years of relevant experience in a financial accounting and reporting role
Knowledgeable in IFRS (US GAAP also preferred)
Proficient with ERPs (MFG Pro would be advantageous)
Proficient Financial Reporting Packages (HFM would be advantageous)
Stryker is one of the world's leading medical technology companies and, together with our customers, we are driven to make healthcare better. The Company offers a diverse array of innovative products and services in Orthopaedics, Medical and Surgical, and Neurotechnology and Spine that help improve patient and hospital outcomes. Stryker is active in over 100 countries around the world.
Together with our customers, we are driven to make healthcare better.
At Stryker, quality is first in everything we do. We are driven to make healthcare better for our customers by
providing innovative products and services that meet regulatory requirements through our effective quality system.
The Company was founded in 1941 by Dr. Homer Stryker and incorporated in 1946 as the Orthopedic Frame Company. In 1964, the Company’s name was changed to Stryker Corporation.
• $13.6 billion in annual sales in 2018; annual revenue has grown for 39 straight years
• 17.1% CAGR (compound annual growth rate) in sales over 39 years
• ~36,000 employees globally in 2018
• 43 manufacturing and research & development locat...ions worldwide
• Included in the Standard & Poor’s 500 Index
• Ranked # 233 on Fortune Magazine’s “FORTUNE 500” list for 2019
• Ranked # 3 on Fortune Magazine’s “World’s Most Admired Companies” list for the “Medical Equipment” industry for 2019
• Ranked # 11 on Fortune Magazine’s “100 Best Companies to Work For” list (U.S.) for 2019
• Spent $862 million on R&D in 2018
• 7,784 patents owned globally in 2018
• Initial public offering of stock was in 1979
• Listed on the New York Stock Exchange under ticker SYK