Financial Controller

At Medtronic you can begin a life-long career of exploration and innovation while helping champion healthcare access and equity for all Youll lead with purpose breaking down barriers to innovation in a more connected compassionate world A Day in the Life The job provides the candidate with continuous training and long-term career growth development opportunities with a leading global medical device and technology company Medtronic India is one of the fastest growing emerging markets in the Medtronic The role provides the successful candidate with unique professional experiences and tremendous exposure to the Medtronic India business areas and support functions Medtronic India regional and global controllership as well as other global finance functions there Medtronic internal and external stakeholders As the Financial Controller you will provide leadership and oversight for financial reporting and internal controls internal statutory audits finance policy and tax compliance for Medtronic India across Operator Steward Catalyst and Strategist areas of responsibilityOperator Deliver financial closing and reporting in compliance with US GAAP and India statutory financial standardsReview and sign off balance sheet account reconciliations and attest balance sheet controlsEnsure timely statutory and regulatory reporting including audits and tax filingsLead and provide account services across value-streams to business areas with support from shared services and BPOProvide oversight and collaborate with Treasury functions for local entity banking funding and foreign exchange managementProvide oversight and collaborate with Tax functions for local entity corporate tax indirect tax transfer price tax etc areas of complianceProvide oversight and collaborate with Credit functions for credit and collectionsSteward Be the finance owner of company finance policy and internal controlsImplement and oversee SOX control framework and deliverablesBe the finance owner of statutory financial control compliance with regards to India Company Act and internal Audit Internal Control requirementsProvide fiduciary oversight for the India legal entity in support of the local India entity board of directors working closely with the company secretary function and legal functionBe an active gatekeeper to provide oversight on company assets Drive and support internal audit corrective and preventive actionsCatalyst Strategist Support India country initiatives ensuring sound accounting and tax compliance advice to achieve business results the right waySupport global finance and accounting initiatives including new accounting standards implementationDeliver continuous process improvements and best practices across accounting value streams leveraging shared services and BPO supportParticipate in cross functional initiatives with a focus on improving the control environment collaborating with other finance functions business finance FP A Tax Treasury Credit and other support functions Pricing Indirect Sourcing Legal Compliance Channel Regulatory etc Identify and contribute to working capital and free cashflow improvementsProactively involved in business planning and legal compliance reviews to identify assess and address controllership financial tax risksLead and develop a high performing and inclusive team recognized by functional colleagues and stakeholdersBe a role model in supporting and driving inclusion diversity equity and ethics initiativesSuccess Measures Timely financial closing and reporting with minimized accounting surprisesOn-time balance sheet reconciliation and deliverablesUnqualified legal entity statutory financial auditTimely and accurate statutory tax reporting and other compliance reportingImproved operational KPIs and efficiencies across accounting operations and value-streamsTimely closure of internal external SOX audit itemsContribute to working capital FCF including cost savings policy compliance AR DSO Accounts Payable of continuous improvement projects and hours savingsOptimized entity FX cashflow and debt equity structureHigh team engagement and positive stakeholder feedbackRequired knowledge experience and educational levelUniversity degree in accounting or finance or relevant disciplineAccounting qualification e g CPA ACCA CIMA etc Progressive track record with 12 years working experience with MNCs minimum 5 years experience in IndiaExtensive knowledge about financial and management accounting US GAAP and or IFRS exposure will be important In-depth understanding of India Financial Reporting Standards and other relevant regulations eg the India Company Act and India tax and audit regulationsHandson experience in dealing with India direct indirect tax transfer price compliance subjects statutory auditors and regulatory agenciesEffective interpersonal influential collaboration and presentation skillsStrong data analytical and reporting skillsProven people and team development and leadership skillsPhysical 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