Why finance at Stryker?
Are you looking for a profitable and growing company with a great culture and reputation?Stryker was recently named one of the Best Workplace in the WORLD by Fortune! Here, you will have many opportunities to learn and grow as we offer development opportunities unique for each employees needs including training, certifications, mentorship, leadership programs, tuition reimbursement, one-on-one coaching and more!
Who we Want:
- Dedicated achievers. People who thrive in a fast-paced environment and will stop at nothing to ensure a project is complete and meets regulations and expectations.
- Analytical problem solvers. People who go beyond just fixing to identify root causes, evaluate optimal solutions, and recommend comprehensive upgrades to prevent future issues.
- Goal-oriented: Keeping the customer and requirements squarely in focus, people who deliver safe and robust solutions.
- Detail-oriented process improvers. Critical thinkers who naturally see opportunities to develop and optimize work processes - finding ways to simplify, standardize and automate.
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What you will do:
In this role you will calculate input files for journal entries, prepare (complex) journal entries, make Blackline reconciliations, analyze data to provide accurate and timely information for assuring the right accounting of our books and records relating to inventory in order to support strategic and operational decisions. This role is part of the Technical Accounting sub department within the Global Inventory COE and will be focusing on one of the main processes with sub tasks. The main processes can be divided into: GRNI/GIT, Costing, E&O and Asset Management.
The Lead Financial Analyst executes many of the same activities as the Senior Analyst level. In addition, the Lead level will also typically possess well developed knowledge and skills to interpret financial information on costs, prices, expenses and revenues and make recommendations to senior management; conduct and document complex financial analysis projects; develop analysis of economic indicators in order to prepare in-depth evaluations of plans and identify new methods of analysis and presentation; may coach, advise, or train less-experienced financial analysis staff.
As a member of the Technical Accounting Global Inventory COE team, this position will be responsible for complete and accurate inventory balance sheet and P&L reporting while complying with Stryker policies and procedures. The ideal candidate for this role will have a background in technical accounting/GAAP, coupled with the ability and desire to apply the concepts to "hands-on," operational processes.
Key Activities & Accountabilities
- Month end activities:
- Calculate, reconcile, and analyze Inventory and Inventory related balance sheet and P&L items for period close; heavily utilizing advanced Excel techniques and Power Bi
- Prepare month-end journal entries and formulate required accruals in accordance with GAAP
- Maintain balance sheet accounts associated with one of the sub processes (GRNI/GIT, Costing, E&O, Assets) to include gross and net accounts and complete balance sheet reconciliations in accordance Stryker policies
- Ensure all Inventory reports generated are accurate, complete, and reconcile to the General Ledger, including the required IPE procedures.
- As requested, perform ad-hoc analytical support, such as: analyzing inventory trends at various data levels, testing inventory reserve levels for appropriateness
- Support business on implementation and monitoring of Internal Controls and other Compliance requirements.
- Ensure all Company policies are followed completely and accurately. Responsible for complying with Sarbanes-Oxley and all other applicable financial laws and regulations, company policies and implement corrective actions
- Maintain up-to-date process documentation that incorporate changes in the business; may require updating or creating advanced Excel formulas and/or Power Bi workspaces or reports
- Communication/relationships:
- Responsible for effectively communicating relevant information to all stakeholders, with main stakeholders as the internal team members within business support but also the stakeholders where the input files are received from
- Proactively communicate changes/proposals in local business decisions or other issues that may have a financial impact and are accounting related
- Informing and aligning with Technical Accounting team in the US and Europe (and other regions) with a focus on business partnering for the respective divisions
- Compliance:
- Lead Analyst will support where needed/applicable for Internal and External Audits (mainly SOX related)
- Responsible for supporting compliance related activities based on the daily tasks within Technical Accounting team for Global Inventory COE (like last time buys, bridge buys, exceptions on policies etc.) in close collaboration with Compliance Inventory COE team and Business Support team
- Other:
- Support in process improvements (use of BOTS/RPA/Alterix/Others)
- Participate in inventory project related items and actively deliver input, such as, furthering integrations, transitions, and system implementations
- Responsible for ad-hoc questions related to Technical Accounting for the sub department
Education
- Bachelor's degree in accounting/finance or equivalent is required (Master's required)
- Fluent in English
- Other languages such as Spanish/Polish/Dutch are nice to have
- CPA qualification preferred
- Excellent working knowledge & understanding of US GAAP is required
Experience
- 3-5+ years experience in a complex inventory and/or other complex accounting functions in global organizations
- Experience navigating and influencing in a matrix organization or working in a COE is preferred
- Experience with complex and detailed inventory accounting is required
- Should have the ability to see the 'big picture' and yet able to resolve day to day issues if required
- Advanced proficiency with Excel (required) and Power Bi
- Oracle/SAP/MFG/JDE experience is a nice to have.
Competencies
- The ability to build working relationships
- Strong communication skills and the ability to interact with other stakeholders
- Experience communicating and articulating an issue or point of view to a varied audience both verbally and in writing
- High level of honesty, integrity, commitment, and responsibility
- Able to resolve problems and conflicts in a professional and tactful manner
- Able to identify and implement innovative solutions to meet business requirements
- Ability to work independently with limited guidance
- Ability to meet the rigorous deadlines of a growth company; ability to multitask and prioritize responsibilities, coordinate and manage multiple projects
- Demonstrated ability to analyze and define business problems and identify appropriate operational or process solutions
Travel Percentage: 10%
About Stryker
Stryker is a global leader in medical technologies and, together with its customers, is driven to make healthcare better. The company offers innovative products and services in MedSurg, Neurotechnology, Orthopaedics and Spine that help improve patient and healthcare outcomes. Alongside its customers around the world, Stryker impacts more than 130 million patients annually. More information is available at stryker.com.