Stryker is one of the world’s leading medical technology companies and, together with our customers, is driven to make healthcare better. We offer innovative products and services in Orthopaedics, Medical and Surgical, and Neurotechnology and Spine that help improve patient and hospital outcomes. We are proud to be named one of the World’s Best Workplaces and a Best Workplace for Diversity by Fortune Magazine. Learn more about our award-winning organization by visiting stryker.com
Who we want
Network builders. Managers who build connections with other teams and divisions and coordinate cross-functional collaboration.
Collaborative partners. People who build and leverage cross-functional relationships to bring together ideas, data and insights to drive continuous improvement in functions.
Managers who drive performance. People who implement process improvements and leverage the talent of their team to consistently increase performance and productivity.
Effective communicators. People who can interpret information clearly and accurately to concisely communicate results and recommendations to stakeholders, senior management, and their teams.
Insightful advisors. Managers who lead strategy development and provide guidance to teams
What you will do
FP&A Lead role is the critical Finance leadership role for Stryker India & will be responsible to drive and influence business decisions, business strategy and facilitates business outcomes including measurements and delivery of committed returns/profitability. Enable product line leaders to make strategic decisions, build business scenarios, next moves, evaluate alternative investment options through Portfolio management process, drives Integrated Business Planning (IBP) process to anticipate short term and long-term financial performance.
FP&A Lead is a key member in designing the business strategy and plays a key role of custodian of the strategic business framework. FP&A Lead focuses on the top line growth of the business, by:
Top line growth support: Custodian of the strategic framework - How and where to play. Be a key partner to support business leaders in executing Stryker India strategy. Work with business managers in designing and measuring the functional KPI's aligned with business strategy. Create and support the system of assessment of current and future business results, early identification of new opportunities and new threats for business. Optimization of cost and efficiency: This role plays a key role in identifying opportunities for cost optimization and enabling the business to continuously invest in marketing/brand building and distribution network to drive the profitable business growth in achieving long term strategy. This critical role will be the finance interface for the business. Therefore the instances of this job should align with our business structures within/across enterprises. This role will have breadth across businesses and operate across APAC finance leadership for key deliverables
1.1 Roles and Responsibilities
Financial Planning & Analysis:
Advises and provides financial leadership to the Stryker India.
Finance leader in IBP process, accountable for financial reconciliation for the IBP process and transforming decisions made into the financial impact
Custodian of the strategic choice framework - How and where to play
Newmarket entry, market opportunity analysis, business model evolution and related divestiture or alliance analysis.
Compare business processes and performance metrics to industry best practices - direct or indirect competitors. Develop plans on how to make improvements or adapt specific best practices, usually with the aim of increasing performance. Benchmarking may be a one-off event, and/or continuous process to continually seek to improve their practices.
Other business analysis includes Customer segmentation, customer satisfaction, customer turnover/retention, customer preferences, strategic/key customer analysis, sales pipeline analysis, customer mix effect etc.
Responsible for projects financial valuation and modelling, waterfalls, scenario planning, portfolio reconciliation and analysis versus strategy
Capital allocation apply project valuation to prioritize capital allocation decisions for strategic alignment, organizational alignment and risk analysis. Develop business case capturing key financial measures and perform value tracking, define baseline metrics and improvement targets, business accountability and benefit realization plan.
Leads Business Performance Reviews for Stryker India in line with Stryker India and APAC/Group requirements, focusing on Month, YTD and Plan for the current FY, as well as detailed analysis by Category and Detailed analysis of costs and G&A.
Participate in business customer solution teams with a focus on offering financial solutions to customers - actively works with Strategic pricing implementation in India and with Strategic pricing team, ensures that all assumptions are based on actual correct data;
Deliver clear presentations including defending positions on controversial topics, adapt style to continuously seek 'win-win' solutions.
Communicates as an official spokesperson for the function within the Stryker India and enterprise in a variety of settings.
Business Partnership and Leveraging of Resources
Provide broad knowledge of and connect with right relationships with key stakeholders /partners for areas such as Risk Management, Controls, etc.
Partners closely with Stryker India leadership team and Extended LT to play an active role in enhancing connectivity and communication.
Able to drive the behaviour, results or agenda needed for the business. Has a point of view and communicates it effectively thus influencing colleagues by supporting them, challenging them, providing a unique perspective and delivering value.
Partner closely and leverage the Accounting and Finance teams for key information points including historical reporting and data collection. May include activities related to cost accounting, margin reporting, analysis of data and management reports, activity-based costing or cost allocation to products and customers, management reports generation, etc.
Choose and Develop Talent:
Identify, develop and coach direct reports to ensure a high performing team. Capable of initiating change, empowering the team and driving results. Ensures the right mix of talent, balanced in possessing and growing FP&A skills.
Identify talent and champion development opportunities reflective of the business needs, succession plans and growth objectives.
What you need
Bachelor's/master's degree in finance or other Business-related degree (CA/MBA).
Minimum 10 years of relevant experience. Sufficient experience of leading high professional team
Communication Proficiency and leadership agility
Demonstrated ability to develop long term strategic plans
Ability to integrate and interpret disparate sources of data using a broad range of analytical data tools. Incorporates the use of statistical methodology and predictive modelling techniques. Design, develop and implement value-added business analytics.
Demonstrate strong commercial acumen. Able to understand the business (products/services, customers, processes) and their key drivers of success (how they make money, what the business costs are).
Demonstrates a high degree of curiosity. Invest time and energy into learning. Seeks different points of view and perspectives (internal and external).
1.3 Cross Functional Role
Sales, Marketing & SCM, HR, Other leadership team members across India and Asia Pacific etc.
Stryker is one of the world's leading medical technology companies and, together with our customers, we are driven to make healthcare better. The Company offers a diverse array of innovative products and services in Orthopaedics, Medical and Surgical, and Neurotechnology and Spine that help improve patient and hospital outcomes. Stryker is active in over 100 countries around the world.
Together with our customers, we are driven to make healthcare better.
At Stryker, quality is first in everything we do. We are driven to make healthcare better for our customers by
providing innovative products and services that meet regulatory requirements through our effective quality system.
The Company was founded in 1941 by Dr. Homer Stryker and incorporated in 1946 as the Orthopedic Frame Company. In 1964, the Company’s name was changed to Stryker Corporation.
• $13.6 billion in annual sales in 2018; annual revenue has grown for 39 straight years
• 17.1% CAGR (compound annual growth rate) in sales over 39 years
• ~36,000 employees globally in 2018
• 43 manufacturing and research & development locat...ions worldwide
• Included in the Standard & Poor’s 500 Index
• Ranked # 233 on Fortune Magazine’s “FORTUNE 500” list for 2019
• Ranked # 3 on Fortune Magazine’s “World’s Most Admired Companies” list for the “Medical Equipment” industry for 2019
• Ranked # 11 on Fortune Magazine’s “100 Best Companies to Work For” list (U.S.) for 2019
• Spent $862 million on R&D in 2018
• 7,784 patents owned globally in 2018
• Initial public offering of stock was in 1979
• Listed on the New York Stock Exchange under ticker SYK