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 individual will have a broad and dynamic role supporting a global organization. This individual will be a key business partner for GQO Global Procurement and will partner with Senior Leaders and their teams across the entire Procurement organization, both the Global Categories and Divisional Procurement teams. The Global Procurement Organization manages ~$3B of spend across >3,000 suppliers and has an annual operating budget of ~$40M.
Key Areas of Responsibility
Strong partnership with Global Procurement leaders and their teams to drive performance, enhance collaboration and build effective partnerships.
Leader with responsibility for periodic finance processes for Global Procurement, including Annual Budget process, Quarterly Projections, Monthly PPV reporting, monthly financial results reporting and mid-month projections.
Review, challenge, and drive performance on key financial indicators including Fixed Compensation, Travel spend, Stryker-wide savings etc. Present to Senior Leadership, highlighting opportunities and challenging performance where needed. Recommend corrective actions as appropriate.
Develop & sustain relationships with Finance leaders and team members across GQO to drive collaboration and alignment on Procurement Finance topics. Be a strong connection between Finance and Procurement.
Partner with site Finance and Procurement teams to interrogate PPV numbers; ensure accurate financial reporting and compliance to accounting policies.
Lead the annual Materials Standard Cost Roll process. Guide Procurement and Finance teams on compliance to corporate policy. Own the presentation of consolidated results with commentary to Senior Leadership and recommendations for leadership review.
Finance Leader for cash flow and balance sheet optimization programs, with responsibility for Program Analytics on company-wide initiatives: presenting to Stryker Senior Leadership on programs such as Days Payable extension.
Key Finance partner for the Procurement optimization programs, assessing estimates of benefits and presenting updates to leadership that inform the broader GQO Strategy.
Responsible for production and presentation of high quality, accurate and informative metrics for monitoring functional performance on financial objectives.
Raise attention to mitigate business and financial risks & exploit potential opportunities.
Monitor and challenge performance, using data and analysis produced by finance teams and procurement analysts, with levels of leadership to enable the business to meet its commitments and respond to targets.
Influence and educate Global Procurement team on investment appraisal methodologies. Partner with Global Procurement on capital expenditure business cases and other strategic spend requests.
Deputize for Finance Director, Procurement in all aspects as needed.
Qualifications and Experience required
A recognized professional accounting qualification and preferably a broad business qualification.
6 Years+ post qualification experience working in multi-national environment, preferably within an FDA regulated industry.
A thorough understanding of accounting and financial principals, budgeting, reporting, financial analysis and forecasting.
High level of strategic financial development and solid business acumen.
Have demonstrated the ability to both think strategically as well as build and execute action plans.
Have worked with all disciplines at every level in promoting the development of services, business plans, budget management and cost control.
Some travel will be required for the role, expected +/- 15%
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