The Job's Mission
The mission of the Finance Director, Italy is to provide the Country’s business and functional leaders with the financial support required to enable informed decisions, manage risks and opportunities and achieve business objectives.
They should foster profitable growth and performance management programs with an investor’s mind-set. Hereby a specific focus is on driving future growth through investment decision support and the development of new business models and segments.
The FD should also conceptualize and lead business initiatives such as value and business transformation programs
The role also has primary ownership of the accuracy, reliability and relevance of the financial statements (IT and US GAAP) and must be able to analyze and explain significant drivers of changes in financial performance.
This person must also take an active role in the implementation and management of an effective system of internal controls, partnering with other parts of the organization to ensure financial transactions are properly reflected in the financial statement and in full compliance with all applicable laws and regulations.
The role reports to the Senior Finance Director Europe (based in Amsterdam, Netherlands)
Your key responsibilities
Actively manage the P&L to maximize results and drive operating income performance
Work with the business to execute strategies to maintain adequate expenditure and investment controls for the country.
Partner with Europe Finance on cost control and other efficiency improvement initiatives
Consult on financial aspects of country strategy and management decisions across business segments; challenge operating businesses in a constructive manner;
report and track business performance against measures that affect value; drive budgeting and resource allocation processes.
Business Planning & Analysis
Provide strong analytical support to Divisional Finance
Provide analysis and insights into variances between actual and expected financial results
Provide input on and validate operational plans, budget and projections to ensure they are in line with local business conditions and the Division’s set objectives and strategy
Co-ordinate with Divisional Finance prior to approving significant business decisions or making recommendations to the business that may have a material impact on the Division’s financial performance
Partner with Europe FP&A to ensure timely and accurate completion of all operational forecasts and budgets
Work with various functions such as Legal, Tax, Compliance, Customer Care, Operations, and Europe Finance teams to identify market specific issues and requirements that may affect business performance, and to timely report and address those issues
Collaboration and Business Interactions
Build and develop strong relationships with Country business and functional leaders, Europe Finance and Divisional Finance
Support ongoing development of the Transatlantic Operating Model, building and developing a strong environment of collaboration with divisional sales, marketing and finance teams and providing local insights to the pan-European TOM divisional organization
Act as primary financial partner for Country business leaders, supporting the development and evaluation of new business opportunities for the Country and providing guidance and insight into significant business transactions including but not limited to pricing, tenders, discounts, Indirect channels management, Key Account Management deals, to ensure business objectives are achieved.
Member of the Country Leadership Team and of the Local Italian Board of Directors.
Act as the Finance interface for customer related matters (leasing initiatives, payment plans, legal action, credit limits, extended payment terms for specific projects etc.)
Work with country business leaders to ensure there is consistent focus on compliance with Corporate and local policies and procedures, laws and regulations.
Represent Finance on the local Compliance Committee
Represents the function on organizational project teams, at management and board meetings, and with external organizations
Be an active and engaged member of the European Finance Leadership Team (EFLT)
Lead the business integrations from Country finance perspective
Financial Accounting and Reporting
Partner with Europe FP&A to ensure timely and accurate completion of all financial reporting
Establish and maintain solid working relationships with the Accounting & Reporting team in the Shared Services organization to ensure quality of the accounting records and overall accuracy of the P&L, Balance Sheet and Cash Flow of the respective Country / Region
Work with Accounting & Reporting to provide input to and validate assumptions that are used to establish reserves and accruals
Ensure any adjustments for revenue recognition, rebates and other credit and debit adjustments are properly accounted for and in the correct period
Provide input and guidance for direct and indirect local tax computations
Act as a primary reviewer of account reconciliations for accounts that are driven by sales activities or country-level risk assessments e.
g. Allowance for Doubtful Accounts, Commissions, Rebates, etc., in line with the established Roles & Responsibilities Matrix
Review country P&L and Balance Sheet statements to identify and correct errors or omissions
Maintain overall responsibility for Country Financial Statements and compliance with local Statutory and Tax requirements, including the management of local audits
Responsible for the implementation and management of an effective system of internal controls for the Country, in partnership with the European finance Shared Services
Ensures critical business processes are well documented and communicated to facilitate effective and efficient execution.
Implementation of Corporate Policies. Work with the local management team to develop Country specific policies.
Sarbanes Oxley compliance
Credit and Collections
Provide direction and guidance to country Credit and Collection team, with direct personal involvement with the strategic customers
Implement and maintain a solid credit management program and a strong credit control environment to minimize collection risks without damaging the business
Work with the business and customers to identify and mitigate issues leading to collection risks. Define and implement action plans to reduce DSO
Review and approve significant credits or other adjustments to customer accounts
Partner with Europe Finance on all European AR Management initiatives, such as but not limited to the implementation and maintenance of a Credit Policy and continuous development and utilization of the OnGuard AR Mgmt software
Team Engagement & Development
Provide leadership and direction to the Country Finance team
Make self available as coach / mentor in assisting direct reports to develop in their positions
Establish and clearly communicate performance objectives and development plans
Maintain regular communications on performance
Identify high potentials and provide them with opportunities to grow and develop to their next roles
Take necessary steps to address issues that may impact performance.
Actively promote an environment of trust and high engagement, leading by example
What are we looking for?
University Degree qualified and holder of CPA or equivalent professional qualification is essential.
8 -10 years experience in Multinational corporation, with progression to a management role (Finance Director / Controller / Senior Manager).
Big Four auditing background also desirable.
Experience with local , US GAAP and Sarbanes Oxley requirements is essential.
Familiar with Oracle, SAP and Hyperion (preferable)
Demonstrated experience in developing and implementing a robust internal controls system.
Fluency in Italian and English is essential
Proven experience in leading a high performing finance team across multiple countries
Demonstrated ability to build engagement and leverage performance management systems to reach business objectives; includes goal setting, performance planning and monitoring, coaching, feedback and performance review
Excellent collaboration and communication skills; strong cross-functional influencing skills & teamwork.
High Ethics. This leader needs to be of impeccable ethics. High integrity leadership will be essential to the delivery of Stryker’s vision of being the most admired company, and how that will be achieved through impeccable ethics.
Execution focus. This is a significant hands-on role, with a clear focus on execution. This leader must have a proven track record of delivering exceptional results over an extended period.
This leader must have an incredible understanding of exactly how their business is performing in all key areas, and possess huge internal drive and motivation.
Engage and inspire the workforce . This leader needs to be able to build confidence, trust, inspiration and commitment to a workforce.
In addition to gaining the commitment of the existing workforce, they need to build an even stronger team. This person should be a talent magnet’, the sort of great leader that those who have worked for them before, want to work for again.
However, this is not just about hiring old contacts, but really being able to sort which people are the very best, and will be able to add talent bench strength to Stryker.
This leader must be excellent at organising resources and getting the whole business working as one team. A passion and talent for orchestrating people resources will be essential.
This leader will need to have had considerable experience at building winning teams.
Please note all resumes must be submitted in English
Work From Home : OccasionalTravel Percentage : 20%