What are the responsibilities and job description for the Director, Financial Operations position at Globus Medical?
At Globus Medical, we move with a sense of urgency to deliver innovations that improve the quality of life of patients with musculoskeletal disorders. Our team is inspired by the needs of these patients, and the surgeons and healthcare providers who treat them. We embrace a culture of exceptional response by partnering with researchers and educators to transform clinical insights into tangible solutions. Our solutions improve the techniques and outcomes of surgery so patients can resume their lives as quickly as possible.
Position Summary :
The Director of Financial Operations primary focus is to lead a team that will implement / maintain systems and controls to monitor inventory transactions and movements worldwide. This role is expected to enhance reporting and analysis capabilities, proactively develop or improve scalable processes for Operations Accounting, apply US GAAP, proactively implement SOX compliance controls and procedures, and prepare / review monthly reporting related to COGs, Inventory and Fixed Assets. The Director must be a self-starter, detail oriented, organized and deadline driven.
Essential Functions :
- Lead Operations Accounting teams responsible for global inventory and fixed assets
- Proactively develop and / or improve Operations Accounting processes and reporting capabilities
- Supervise the month-end closing process related to Inventory, COGs, Fixed Assets and Intercompany activities for timely and accurate reporting which includes explanations for actual versus prior year and forecast variances.
- Ensure the accuracy of the Company's inventories including the adequacy of physical count procedures and reliability of reported cycle count and physical inventory results.
- Develop and perform controls and procedures over inventory to be SOX compliant.
- Work with the independent auditors to ensure that audits are completed in timely manner.
- Review journal entries, account reconciliations, reserve calculations and other transactions for completeness, accuracy and timeliness.
- Create annual operations budget for worldwide distribution facilities
- Partner with the Field Asset Management team to ensure existence and completeness of consigned field inventory.
- Maintain and improve process documentation and controls associated with Inventory and COGS
- Provide leadership, coaching, direction and growth opportunities to your team, performing those responsibilities in accordance with the Company's established policies.
- Perform other duties as assigned.
- Represent Accounting / Finance on teams designed to improve operations, reduce costs, etc.
- Adheres to the letter and spirit of the company Code of Conduct, the AdvaMed Code, MedTech Code, and all other company policies.
- Ensures Compliance with applicable governmental laws, rules, and regulations, both in the United States and internationally, by completing introductory and annual training and maintaining knowledge of compliance as it applies to your role
- Represents the company in a professional manner and uphold the highest standards of ethical business practices and socially responsible conduct in all interactions with other employees, customers, suppliers, and other third parties
Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.
Qualifications :
Physical Demands :
The physical demands listed here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
Our Values :
Our Life Moves Us philosophy is built on four values : Passionate About Innovation, Customer Focused, Teamwork, and Driven.
Equal Employment Opportunity :
Globus Medical is an equal opportunity employer. All applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, age, disability, marital status, pregnancy, national origin or citizenship. We are committed to a diverse workforce. We value all employees' talents and support an environment that is inclusive and respectful.
Other Duties :
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
