Finance Manager

Job title: Finance Manager

Company: Medtronic

Job description: At Medtronic you can begin a life-long career of exploration and innovation, while helping champion healthcare access and equity for all. You’ll lead with purpose, breaking down barriers to innovation in a more connected, compassionate world.A Day in the Life Direct the accounting operations of the company, to include the production of periodic
financial reports, maintenance of an adequate system of accounting records, and a
comprehensive set of controls designed to mitigate risk, enhance the accuracy of the
company’s reported financial results, and ensure that reported results comply with generally
accepted accounting principles or international financial reporting standards. Accountable
for indirect sourcing, travel and corporate card program. Lead and direct cross functional
teams with effective coaching skills.A Day in your life:

• Applies principles of accounting to analyze financial information and prepares internal and external financial reports.
• Maintains or oversees the control of accounts and records in such areas as disbursements, expenses, tax payments and income. • Compiles and analyzes financial information to record transactions, prepare reports, and review and verify accuracy.
• Prepares balance sheet, profit and loss and cash flow statements, prepares and consolidates financial statements, and other accounting schedules and reports.
• Designs, modifies, installs, and/or maintains accounting systems to ensure an adequate recognition of financial transactions.
• Responsible for the adherence to and communication of accounting and auditing policies and procedures and internal controls.
• May be responsible for month end close.
• May be responsible for technical support and accounting of M&A activities.
• May oversee technical accounting research for complex business transactions and implementation of new accounting standards.
• Responsible for reporting complaints and Adverse Drug Reactions (ADR)
• Manage the accounting team including employee recruitment, salary merit, performance evaluation, employee goal setting & career development.
• Lead, coach and develop team to deliver on departmental and organization goals.
• Collaborate with business FP&A team on accurate revenue recognition practices.
• Control all accounting activities, recommending new policies or regulations as required and executing financial decisions with sound business and professional judgement.
• Supervise and monitor cash management process locally including forecasting cashflow, approving bank transactions, collaborating with corporate treasury head office.
• Participate in special projects, including large and complex assignments such as business integrations, amalgamations and divestitures.
• Approval of local balance sheet reconciliations while ensure quality standards are met.
• Manage/partner with outsourced shared service functions including Accounts Payable, Expense Report processing, Travel and Record to Report activities ensuring accuracy, appropriate controls and adherence to SLA’s.
• Monitor and maintain company’s car program including payments and reporting.
• Manage/partner with indirect sourcing and develop long term strategies to lower costs.
• Oversee the internal controls Sarbanes Oxley compliance, ensuring appropriate internal controls are in place, providing recommendations within the organization, and liaison with internal audit corporate head office.
• Oversee compliance of government reporting requirements including sales tax & income tax compliance.
• Oversee, all tax audits with government agencies. Review accounting tax provisions, income tax returns as well as transfer pricing analysis. Liaison with outside tax consultants and collaborate with corporate tax head office team.

PEOPLE MANAGEMENT FUNCTIONAL CAREER STREAM: Management and supervisory professionals with one or more employees who are focused on tactical, operational and some strategic activities within a specified area. Levels within the management career stream typically have six or more direct reports. The majority of time is spent overseeing their area of responsibility, managing performance, developing talent, engagement and inclusion, communicating business and operational developments, planning, prioritizing and / or directing the responsibilities of direct reports. Goal achievement is typically accomplished through performance of direct and / or indirect reports. A key responsibility of roles in this career stream is managing people. which includes: accountability for mentoring, developing and coaching staff on meeting/exceeding performance expectations and defined objectives, providing leadership to staff ensuring the prioritization of strategic and department level initiatives to include defining performance goals and targets, conducting performance reviews, and staff 1:1s to guide performance management and employee development efforts and manage toward departmental goals.DIFFERENTIATING FACTORSAutonomy: Manages subordinate supervisors and/or experienced professionals who exercise latitude and independence in assignments.
Provides tactical and / or operational leadership and coaching.
Receives assignments in task and objective oriented terms.Organizational Impact: Establishes operational plans and implements policies and strategies.
Decisions impact program schedules, customer satisfaction levels, or allocation of time, material resources, expenditures and funds.
May have budget or P&L accountability for a department, function or geography.
Strive for continuous improvement and consistency in deliverables.Innovation and Complexity: Proposes modifications to functional operating policies and day-to-day processes.
Problems and issues faced are complex, difficult and undefined, and require detailed information gathering, analysis and investigation to understand the problem.Communication and Influence: Communicates with internal and external customers and vendors regarding ongoing operations.
Uses information exchange, influence and active persuasion without direct exercise of command to gain cooperation of other parties .
May interact on issues that have externally shared objectives.Leadership and Talent Management: Manages a team consisting of supervisors and / or experienced professionals in the Specialist career stream.
Leads, directs and reviews the work of a team who exercise latitude and independence in their assignments.
Authorizes hiring, firing, promotion and reward within own area.Required Knowledge and Experience: Requires practical knowledge in leading and managing the execution of processes, projects and tactics within one job area.
Typically has advanced knowledge and skills within a specific technical or professional discipline with understanding of the impact of work on other areas of the organization.
Requires a Baccalaureate degree (or for degrees earned outside of the United States, a degree which satisfies the requirements of 8 C.F.R. § 214.2(h)( 4)(iii)(A) and minimum of 5 years relevant experience, or advanced degree with a minimum of 3 years prior relevant experience.REQUIRED QUALIFICATIONS KNOWLEDGE/EDUCATION

• Bachelor’s degree

• Recognized accounting designation such as Certified Professional Accountant.

JOB EXPERIENCE

• Minimum of 5 years relevant experience in Accounting or Finance.

• Demonstrated experience leading a team/department.

SKILLS/COMPETENCIES

• Demonstrated expertise in accounting and finance practices.

• Excellent problem solving and strong leadership skills, particularly in relation to organization, planning, communication and team building.

• Self-starter with the insight and vision to propose changes even in the face of strong opposition.

• High level of strategic and innovative thinking.

• Excellent stakeholder relationship management skills.

• Ability to prioritize work efficiently across a wide range of responsibilities.

• Must be able to demonstrate very strong attention to detail.

• Excellent judgment showing logical decision making.

• Working knowledge of SAP and highly proficient in Excel.

DESIRED/PREFERRED QUALIFICATIONS KNOWLEDGE/EDUCATION

• Advanced degree in Accounting or Finance, or MBA JOB EXPERIENCE

• Minimum of 3 years prior relevant experience in Accounting or Finance.

• Experience in the Healthcare or Medical Device Industry

Physical Job RequirementsThe above statements are intended to describe the general nature and level of work being performed by employees assigned to this position, but they are not an exhaustive list of all the required responsibilities and skills of this position.Benefits & CompensationMedtronic offers a competitive Salary and flexible Benefits Package
A commitment to our employees lives at the core of our values. We recognize their contributions. They share in the success they help to create. We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage.
This position is eligible for a short-term incentive called the Medtronic Incentive Plan (MIP).About MedtronicWe lead global healthcare technology and boldly attack the most challenging health problems facing humanity by searching out and finding solutions.
Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 90,000+ passionate people.
We are engineers at heart— putting ambitious ideas to work to generate real solutions for real people. From the R&D lab, to the factory floor, to the conference room, every one of us experiments, creates, builds, improves and solves. We have the talent, diverse perspectives, and guts to engineer the extraordinary.Learn more about our business, mission, and our commitment to diversity

Expected salary:

Location: Brampton, ON

Job date: Wed, 25 Sep 2024 00:04:43 GMT

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