Financial Controller - Sea

Careers that change lives start here. Medtronic is a global leader in healthcare technology with a Mission to alleviate pain, restore health, and extend life. Our 95,000 employees work across more than 150 countries to put patients first — developing innovative medical technologies that improve the lives of 72+ million patients each year. Your unique talents will help shape the future of healthcare while building a career grounded in purpose, growth, and impact.

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 SEA (excl. SGP/MYS) is one of the developing markets in Medtronic. The role provides the successful candidate with unique professional experiences and tremendous exposure to:

Medtronic SEA countries (excl. SGP/MYS) business areas and support functions
Medtronic SEA countries (excl. SGP/MYS), regional, and global controllership as well as other global finance functions
Other 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 SEA countries (excl. SGP/MYS) across Operator, Steward, Catalyst, and Strategist areas of responsibility

Key responsibilities, exposure and career prospects

1. Operator:

• Deliver financial closing and reporting in compliance with US GAAP and in scope countries’ 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 accounting services across value-streams to business areas with support from shared services center 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

2. Steward:

• Be the finance owner of company finance policy and internal controls

• Implement and oversee SOX control framework and deliverables

• Be the finance owner of statutory financial control compliance with regards to in scope countries’ Company Act and internal Audit/Internal Control requirements

• Provide fiduciary oversight for the in scope countries’ legal entity, in support of the local  entity board of directors, working closely with the company secretary function and legal function

• Be an active gatekeeper to provide oversight on company assets.

• Drive and support internal audit corrective and preventive actions

3. Catalyst / Strategist:

• Support in scope country initiatives ensuring sound accounting and tax compliance advice to 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 center 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 to identify, assess and address controllership, financial & tax risks

• Lead and develop a high performing and inclusive team recognized by functional colleagues and stakeholders

• Be a role model in supporting and driving inclusion, diversity, equity and ethics initiatives

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Required knowledge, experience and educational level

Required

• University degree in accounting or finance or relevant discipline

• Accounting qualification (e.g. CA, CPA, ACCA, CIMA etc)

• Progressive track record with 12+ years working experience with MNCs, minimum 5 years+ experience in SEA countries (excl. SGP/MYS)

• 3-5 years+ people manager experience preferred

• Extensive knowledge about financial and management accounting. US GAAP and/or IFRS exposure will be important.

• In-depth understanding of in scope countries’ Financial Reporting Standards and other relevant regulations e.g. the Company Act, tax and audit regulations

• Handson experience in dealing with in scope countries 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

Preferred

• Strong technical experience preferably in SAP FI modules with deep process knowledge across various finance and accounting value streams (R2R, P2P, EE, OTC, Fixed Assets, Inventory/intercompany)

• Experience in internal/SOX control framework implementation and improvement

• Proven records in process improvements and ability to establish process excellence / best practices

• Strong ability to partner with sales and commercial teams and business in the areas of accounts receivable/DSO management, credit risk control, and collections

• Strong partnership ability in supporting business area initiatives providing sound accounting and compliance advice to commercial and cross functional business partners

• Working knowledge of SAP BW reporting / data automation skills

• Project Management / Process improvement / change management certifications

Critical Leadership Differentiators:

• Proactive communication and collaboration with regional and local stakeholders

• Ability to drive change and demonstrate situational leadership

• Critical thinking and healthy skepticism

• Process expertise and solution-oriented mindset

• Team leadership and team growth experience

The Medtronic Finance Vision:

A best-in-class Finance team operating with a global mindset and serving as a valued business partner by providing innovative and impactful contributions to further the Medtronic Mission

The Global Controllership Vision:

Be the trusted business advisors by providing sound fiduciary judgement while maintaining a strong control environment

The APAC Controllership Primary Goal: Enable sustainable business growth by delivering accurate financial reporting and continuously improved internal controls

Success Measures:

• Timely financial closing and reporting with minimized accounting surprises

• On-time balance sheet reconciliation and deliverables

• Unqualified legal entity statutory financial 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 (free cash flow) 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

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. 

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Apply only through official Medtronic channels. All legitimate Medtronic recruiting communications come from approved Medtronic platforms and official @medtronic.com email addresses. 

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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.
 

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This position is eligible for a short-term incentive called the Medtronic Incentive Plan (MIP).