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VP, Finance

Topcon Medical Systems
Oakland, NJ Full Time
POSTED ON 8/17/2023 CLOSED ON 9/22/2023

What are the responsibilities and job description for the VP, Finance position at Topcon Medical Systems?

Based in Oakland, NJ, Topcon is a comprehensive diagnostic device manufacturer within the worldwide eye care community. It introduced the world’s first commercial back-of-the-eye Spectral Domain (SD) and Swept Source (SS) optical coherence tomography (OCT) systems, which have driven innovation in eye care. More recently, to develop the most efficient, pragmatic and state-of-the-art solutions, Topcon formed a new strategic division, Topcon Healthcare Solutions, whose primary objective is to create world-class software solutions for the eye care industry and beyond. The company's products enable the collection and visualization of a wide range of imaging and clinical data while providing quantitative and clinical analysis capabilities. Topcon’s software gives clinicians access to patient exam data captured from OCTs, Visual Fields, Fundus Cameras, and other Topcon and third-party devices. Topcon leverages its new data management system called Topcon Harmony, where practitioners gain access to both DICOM and non-DICOM information stored in a central, cloud-based environment. Additionally, Topcon now provides an integrated service that connects practitioners to an extensive network of reading services to assist in the management of sight-threatening eye diseases. Topcon is an equal opportunity employer and does not discriminate against any employee or applicant on the basis of race, color, religion, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, genetic information, or other legally protected status. The Vice President, Finance reports to the President and is a key strategic business partner providing financial leadership, treasury, and accounting management as well as detailed financial analysis to support all aspects of the organization. The role serves as a financial advisor to the executive team and requires a balanced focus between both day-to-day financial operations and strategic planning initiatives. This is an outstanding opportunity for a collaborative individual with proven creative problem-solving and change management experience, highly developed analytical skills and the ability to develop sophisticated financial strategies and structures. The Vice President, Finance will establish and evolve best in class financial infrastructure, systems and controls that facilitate timely decision-making, enable growth, and contribute to the development of the organization’s strategic goals. Responsibilities Financial Planning & Analysis Assume regional responsibility for the financial performance management of multiple finance functions in the Americas (US, Canada, South America). As Financial Advisor to the Executive Team provide relevant fiscal information, reports, forecasts, data, and metrics. Provide in-depth analysis on critical business areas to identify trends and activities; make recommendations to improve performance, driving a culture of continuous improvement. Lead preparation of short- and long-range forecasts, including operating and capital budgets. Translate financial strategies into tactical plans, reporting requirements, procedures, and processes. Develop and oversee financial plans and policies, accounting practices and procedures, and the financial relationship with corporate to ensure financial and strategic goals are attained. Support the President with driving performance management and value add propositions, make this transparent through solid, fact-based performance measurement and reporting. Create, review, and approve recommendations for financial planning and controls. Accounting Create, administer, and direct control of the budget, monitor division and department adherence to approved budgets. Perform month, quarter, and year end accounting processes. Develop and implement comprehensive inventory monitoring strategies to optimize stock levels, minimize carrying costs, and ensure accurate financial reporting. Lead account receivable balance management for optimal cash flow and minimal delinquencies. Facilitate effective communication with Tokyo headquarters on budget, forecasts, and performance outcomes. Fixed asset activity. Debt activity. Monitor and analyze accounting data and produce financial reports. Establish and enforce proper accounting methods, policies, and principles. Coordinate and complete annual audits. Key Projects SAP Integration, ensure accurate information flows towards financial reporting. Design and implement monitoring of aged workflows and aged/open items in SAP. HFM Implementation to embed accurate and transparent financial and management accounting. Ensure J-Sox compliance within standard operational business procedures. Design and prepare a plan to establish a Shared Service Center for the support functions to support the business and its growth. Qualifications The successful candidate will be a proactive and collaborative leader with excellent judgment, adept at solving complex issues through teamwork and partnership. This individual will positively and productively impact both strategic and tactical finance initiatives and will be involved at all levels of the financial organization. Degree in Business or Accounting, MBA preferred. CPA is strongly preferred. Minimum 10 years experience as a senior financial professional in a high growth organization. Experience in a Saas model, understanding of the medical device space or software related to medical devices. Proven success in driving business optimization and transformational process improvements to increase performance and profitability. Proven ability to lead and establish financial operations and implement best-practices policies and controls. Boardroom presence with the gravitas to interface with executives at the highest level on key strategic issues. Entrepreneurial team player with the ability to influence and engage direct and indirect reports and peers. Passion for building and scaling teams during growth and change. Adept in providing reliable analytical insight across multi-functional business units. Exceptional written, oral, interpersonal, and presentation skills and the ability to effectively influence. Benefits*: Topcon offers a comprehensive benefit package for this position including medical, dental, vision, life insurance, disability insurance, tax saving spending accounts a 401(k) plan with employer match, tuition reimbursement in addition to other perks and benefits. We also offer time off for our employees to recharge. Our employees are eligible for paid company holidays, paid personal time off, and paid sick time that meets or exceeds state/local requirements. Topcon reserves the right to ultimately pay more or less than the posted range and offer additional benefits and other compensation; individual candidate compensation may be determined based on individual skills, experience, training, certifications, education, final work location and other factors not related to an applicant’s sex or other status protected by local, state, or federal law. Changes in the position level, location or other factors associated with the role may change the final determined compensation. The recruiter can provide additional information during the hiring process. *Topcon time off policies can vary between roles which are exempt or non-exempt. For hourly (“non-exempt”) employees, we offer personal paid time off which accrues in accordance with local standards. For salaried (“exempt”) employees, we offer a flexible paid time off policy giving you flexibility to take time when needed, while supporting business needs. All paid time off policies are in accordance with or exceeding local law. Employees working at least 30 hours per week are eligible for our Health and Welfare benefit package. Topcon Healthcare sees eye health differently. Our vision is to empower providers with smart and efficient technologies for enhanced patient care. Keeping pace with the ever-changing landscape of the healthcare industry, we offer the latest integrated solutions including advanced multimodal imaging, vendor-neutral data management and groundbreaking remote diagnostic technology. A globally-oriented business, Topcon is focused on developing solutions towards solving societal challenges in the mega-domains of healthcare, agriculture, and infrastructure. In healthcare, these challenges include increasing eye disease, rising medical costs, access to healthcare and physician shortages. By investing in value-driven innovations, Topcon works to enable people to enjoy good health and a high quality of life.
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