Smiths Medical is seeking to appoint a Corporate Controller to play a key role in the leadership and development of the global finance function as this business gets spun out from Smiths Group as a separate listed company. He/she will lead the delivery of timely, accurate and insightful reporting of monthly business results to the Executive Committee and the Board, and will work closely with the Finance Leadership Team to ensure that the business performance is communicated clearly to all stakeholders. This person will also support the development of the business plans through an effective planning process covering business performance and the efficient allocation of capital.
The Group Financial Controller will lead and develop effective and robust internal financial control processes that safeguard all financial assets. He/she will identify potential financial liabilities and risks and maintain the reliability of all financial reporting, including Group statutory reporting. The Group Financial Controller will ensure the provision of all financial transaction processes, while managing key financial risks in the business.
In addition, the Group Financial Controller will be responsible for the FP&A function. This will require a detailed understanding of the business which will be gained through regular interaction with the management team. This individual should also expect to be involved in other ad hoc projects, including M&A and other aspects of Group policy.
Smiths Medical will be a UK-listed corporation with operational headquarters in Minneapolis, MN. This position will be based in Dublin, Ohio and report to the Chief Financial Officer.
POSITION SUMMARY
Overall responsibility for financial control and planning, reporting, accounting, and processing in support of the Chief Financial Officer in the effective financial management of the corporation.
Implement best practice and continual improvement across the financial management of the corporation. Drive a performance culture with thorough operational focus.
As a member of the senior management team contribute to the leadership and strategic development of the business and ensure the realization of significant value creation.
- Establish credibility with the Chief Executive, Chief Financial Officer and Chair of Audit Committee, and develop strong working relationships with the auditors and finance team.
- As a senior member of the finance function, contribute to the leadership and strategic development of the business.
- Work as part of the Smiths Group finance team to lead all aspects of financial control and financial compliance for the company. This will include responsibility for:
- timely and meaningful monthly management reporting;
- cash-flow maximization;
- all aspects of financial reporting, production of financial statements and the annual report;
- implementing and overseeing the companyâs financial compliance arrangements;
- ensuring smooth and timely completion of external and internal audits resolving all audit issues;
- Risk Register review; and
- managing the companyâs finance systems.
- Continuously improve financial control and planning processes to deliver a best-in-class function with a robust focus on cash generation and cost control.
- Help drive the budgeting process ensuring that the approved budget is effectively used as the yardstick for measuring business performance.
- Support operational and strategic decision-making processes through the provision of a financial perspective, developed through the interpretation and meaningful analysis of financial data.
- Ensure effective internal controls are in place; implement and enforce compliance with policies and procedures.
- Identify financial and business risks and ensure necessary steps are taken to mitigate these risks.
- Supervise the accounting and finance team, ensure it is geared towards providing the necessary support; actively mentor and develop the team members.
- Provide leadership and talent management to the finance function.
- Act as a substitute for Group Chief Financial Officer in dealing with both equity and debt investors.
PREVIOUS EXPERIENCE
- Bachelor’s degree or higher in Accounting or Finance. Master’s degree or MBA preferred.
- Candidates should have a recognized accounting qualification (CPA or ACA)
- 15+ years relevant experience, including experience working for a Big 4 accounting firm, including managing projects, audit processes, providing technical advice and reporting to audit committees.
- Familiarity with IFRS and UK corporate filing requirements is strongly preferred.
- 5+ years of managerial experience with a proven track record of attracting, developing and retaining a high-performing team
- Expertise in Oracle or similar ERP system, Hyperion and Microsoft Office.
- Senior finance experience in a significant public company, ideally with a combination of commercial finance and group experience, with some exposure to tax, treasury and investor relations.
- Experience in the medical-device industry is not required, but experience with manufacturing companies is.
- Experience in the review and analysis of operating results and the development and implementation of long and short term financial and strategic plans.
- A track record of improving financial controls, upgrading processes and systems, and of driving operational excellence.
PERSONAL CHARACTERISTICS
- Excellent communication and influencing skills. This includes the ability to simplify complex analyses and present to executive leadership, as well as the ability to diplomatically ensure a robust control environment. Highly numerate with the technical ability to interpret and communicate financial information.
- Evident leadership skills and willingness to take responsibility and drive improvement across the finance function and business more broadly.
- Outstanding operational credentials with experience of driving significant change and improved business performance within complex, fast-moving businesses.
- Results orientation with proven success taking charge of projects with a sense of urgency, good judgment and business sense, but doing so with a collaborative, team orientation
- Ability to prioritize and effectively handle several assignments, often working under tight deadlines while balancing effective delegation and hands-on involvement; ability to work effectively independently and as a team member.
- Global mind-set and comfortable working with a diverse, geographically dispersed stakeholder base.
Smiths is always looking for curious minds. For new colleagues who want responsibility and relish a challenge. Those who would like to use their talents to help make the world safer, healthier, more efficient and more connected.
We’re proud that we’ve been helping propel the human world forwards during our 160 year history of innovation. By looking at things differently. By adapting and never standing still. And by always thinking big.
Today we’re an aligned global business of five divisions and around 22,000 colleagues, that touches the lives of millions every year across five vibrant global markets.
In Smiths Medical, one of the five divisions of Smiths Group, we touch the lives of millions of people every day. Our colleagues are focused on providing innovative, lifesaving solutions for patients around the world.
So whether you’re an experienced professional or just starting out on your career, our global scale and focus on growth means great career opportunities for the right colleagues. There’s never been a better time to join Smiths. And help us create the future.
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