Job Information
Medtronic Finance Controller India(Gurgaon/Mumbai) in Gurgaon, India
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
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 responsibility
Operator:
Deliver financial closing and reporting in compliance with US GAAP and India statutory financial standards
Review and sign off balance sheet account reconciliations and attest balance sheet controls
Ensure timely statutory and regulatory reporting, including audits and tax filings
Lead and provide account services across value-streams to business areas with support from shared services and BPO
Provide oversight and collaborate with Treasury functions for local entity banking, funding, and foreign exchange management
Provide oversight and collaborate with Tax functions for local entity corporate tax, indirect tax, transfer price tax etc areas of compliance
Provide oversight and collaborate with Credit functions for credit and collections
Steward:
Be the finance owner of companyfinance policy and internal controls
Implement and oversee SOX control framework and deliverables
Be the finance owner of statutory financial control compliance with regards to India Company Act and internal Audit/Internal Control requirements
Provide fiduciary oversightfor the India legalentity, in support of the local India entity board of directors, working closely with the company secretary function and legal function
Be an active gatekeeperto provide oversight on company assets.
Drive and support internal audit corrective and preventive actions
Catalyst / Strategist:
Support India country initiatives ensuring sound accounting and tax compliance adviceto achieve business results the right way
Support global finance and accounting initiatives including new accounting standards implementation
Deliver continuous process improvements and best practices across accounting value streams, leveraging shared services and BPO support
Participate 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 improvements
Proactively involved in business planning and legal/compliance reviews toidentify, assess and address controllership, financial & tax risks
Lead and develop a high performing and inclusive teamrecognized by functional colleagues and stakeholders
Be a role model in supporting and driving inclusion, diversity, equity and ethics initiatives
Success Measures:
Timely financial closing and reporting with minimized accounting surprises
On-time balance sheet reconciliation and deliverables
Unqualified legal entity statutoryfinancial audit
Timely and accurate statutory tax reporting and other compliance reporting
Improved operational KPI’s and efficiencies across accounting operations and value-streams
Timely closure of internal/external/SOX audit items
Contribute to working capital / FCF including cost savings, policy compliance, AR/DSO, Accounts Payable
# of continuous improvement projects and hours savings
Optimized entity FX, cashflow, and debt & equity structure
High team engagement and positive stakeholder feedback
Required knowledge , experience and educational level
University degree in accounting or finance or relevant discipline
Accounting qualification (e.g. CPA, ACCA, CIMA etc)
Progressive track record with 12+ years working experience with MNCs, minimum 5 years+experience in India
Extensive knowledge aboutfinancial 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 regulations
Handson experience in dealing withIndia direct, indirect tax, transfer price compliance subjects, statutory auditors, and regulatory agencies
Effective interpersonal, influential, collaboration and presentation skills
Strong data analytical and reporting skills
Proven people and team development and leadership skills
Physical Job Requirements
The 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 & Compensation
Medtronic 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 Medtronic
We 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 here (http://www.medtronic.com)
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We 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.
We change lives . Each team member, each day, helps to improve and redefine how the world treats the most pressing health conditions, from heart disease to diabetes. Our industry leadership comes from the passion and ingenuity of our people. That’s who we are. Working alongside one another, we use science, medicine, and a profound understanding of the human body to build extraordinary technologies that can transform lives.
We build extraordinary solutions as one team . With one Medtronic Mindset defining how we work. Speed and decisiveness run through our DNA. Diverse perspectives inspire our bold answers to any challenge that comes our way. And we deliver results the right way, breakthrough after patient breakthrough.
This life-changing career is yours to engineer . By bringing your ambitious ideas, unique perspective and contributions, you will…
Build a better future, amplifying your impact on the causes that matter to you and the world
Grow a career reflective of your passion and abilities
Connect to a dynamic and inclusive culture that welcomes the challenge of life-long learning
These commitments set our team apart from the rest:
Experiences that put people first . Respect for people is the hallmark of our humanity. It fuels our team to positively impact even a single life. And it means we put our people first at Medtronic as well, creating a culture of belonging and always pushing to get you the career-building resources you need.
Life-transforming technologies . No matter your role, you contribute to technologies that transform lives. What we build empowers patients to live life on their terms.
Better outcomes for our world . Here, it’s about more than the bottom line. Our Mission to improve human welfare drives us. We advance healthcare, society, and equity with every design, inside and outside our walls.
Insight-driven care . Fresh viewpoints. Cutting-edge AI, data, and automation. You're shaping the future of healthcare technology and defining the next generation of breakthroughs in care
It is the policy of Medtronic to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, Medtronic will provide reasonable accommodations for qualified individuals with disabilities.
For sales reps and other patient facing field employees, going into a healthcare setting is considered an essential function of the job and we expect our employees to comply with all credentialing requirements at the hospitals or clinics they support.
This employer participates in the federal E-Verify program to confirm the identity and employment authorization of all newly hired employees. For further information about the E-Verify program, please click here (https://www.e-verify.gov/employees) .
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