Senior Finance Manager

About Stryker

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

Job Title: Senior Finance Manager, Turkey

Location: Turkey, Istanbul

Department: Finance

Reporting to : Director, Finance – MEA & CEE

About the Role:

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 maximization, asset control, adherence to corporate and statutory regulations.

his 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. The mission of the SFM is to provide the Country business and functional leaders the financial support required to enable informed decisions, manage risks and opportunities and achieve business objectives.

Country Support

• Active business partnering with the Turkish Country Manager and local leadership team
• Develops long-term financial forecasting and strategic financial analyses to inform budget development
• Ensure full adherence to US and Turkish GAAP, Tax, Stryker policies and other local regulations
• Ensuring any adjustments for revenue recognition, rebates, other credit and debit adjustments are properly accounted for in the correct account and accounting period
• Oversee all company accounts and investments
• Lead and represent Stryker in all internal and external audits and statutory filings, including regulatory reporting requirements such as audits associated with VAT.
• Manage cash flow and OPEX
• Manage and perform treasury activities
• Support the HR department in payroll activities/ recruitments
• Collaborate with operations on inventory management including the import of goods
• Collaborate with Customer Services with respect to collections, shipments and reporting

FP&A Support

• Provide analytical support to the central FP&A team to gain a better understanding of market trends, sales channel performance and cost trends
• Interpret operating results and communicate opportunities for improvement to functional leads.

Budgeting and Forecasting

• Analyze 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.
• Input on and validate robust Operational Plans, Budget and Projections
• Proactively communicate risk and opportunities arising out of changes in business trends, local business decisions etc

Financial Accounting and Reporting

• Manage the month-end close process
• Review country P&L and Balance Sheet information to identify errors or exceptions
• Establish, implement, and monitor appropriate internal controls to ensure conformance and compliance with all relevant standards and policies
• 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.

Managerial responsibilities & skills

• SFM will be a member of the Turkey Management Team
• Senior Manager is responsible for a team of 3 direct reports and 3 indirect reports (including some external consultants from service provider company)
• Ensure effective management of local Finance 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 or any other Stryker Centralized Finance service center.
• Strategic planning for Stryker Turkey future growth and business model
• Maintain/ continue and further improve the Turkey business and financial integration
• Maintain a strong business support and partnering relation with Turkey Country Manager
• Develop the (new) finance team and train new hires/ team
• Strong team player and people manage skills
• EEMEA wide and Turkey cross functional partnering (e.g. ESCS inventory management)

Other

• Suggest updates and improvements for accounting systems, including payroll and invoicing
• Manage the outsourced functions
• Support Finance and Integration projects as required
• Leading and project managing the implementation of the local ERP system

About You:

• University graduate with a strong academic achievement on relevant disciplines like Business Administration, Economics, Finance & Accounting.
• 8+ years in Accounting and/or budget/financial analysis
• Strong knowledge and experience in US and Turkish GAAP
• Strong knowledge & demonstrable experience in developing and implementing robust businesses processes and internal controls.
• Fluent in English
• FP&A/ HFM knowledge and experience a plus
• External Audit (big firm) experience preferred
• International business environment is a must
• Hands-on ability to implement swiftly and effectively by taking ownership and accepting responsibility.
• Organized and result-driven.
• Strong analytical thinking, problem solving skills and use of good judgment
• Ability to remain flexible and adapt to changing priorities with promptness, efficiency and ease.
• High attention to details and accuracy.
• Professional attitude and responsible.
• Resourceful self-starter who does not require close supervision.
• Able to effectively communicate at all levels of the organization
• High level of honesty, integrity, commitment and responsibility
• Comfortable with complexity, ambiguity, change and process improvement.
• Ability to analyze and resolve accounting issues using independent judgement.

Leadership

• People Management
• Ability to build and develop a robust finance team
• Maintain regular communications on performance
• Identify high potentials and provide them with opportunities to grow
• Actively promote an environment of trust and high engagement
• Provide leadership and direction to the Country Finance team, leading by example
• Maximize the services from external service provider and to efficiently delegate.

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