At Cepheid, we are passionate about improving health care through fast, accurate diagnostic testing. Our mission drives us, every moment of every day, as we develop scalable, groundbreaking solutions to solve the world's most complex health challenges. Our associates are involved in every stage of molecular diagnostics, from ideation to development and delivery of testing advancements that improve patient outcomes across a range of settings. As a member of our team, you can make an immediate, measurable impact on a global scale, within an environment that fosters career growth and development.
Cepheid is proud to work alongside a community of six fellow Danaher Diagnostics companies. Together, we're working at the pace of change on diagnostic tools that address the world's biggest health challenges, driven by knowing that behind every test there is a patient waiting.
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The VP Finance - APAC will provide strategic and finance leadership to the APAC region and support the finance teams across all the five regions in APAC - namely Greater China, Greater India, South East Asia & Korea, Japan and ANZ. Reporting to the VP Finance - APAC are the three regional finance commercial leaders of India, SEAK, ANZ, plant finance controllers in India and China and the regional leaders - Controller, Audit Manager and Sr Manager Customer Care.
In this role, you will have the opportunity to:Business Support:
Be the lead business/finance partner to the VP Commercial - APAC.
Own the APAC Commercial and HBDC forecast by month and by product line working with business owners to formulate the forecast for both revenue and margin.
Emphasis placed on monthly and quarterly forecast accuracy
Emphasis placed on core sales growth on YoY basis
Emphasis placed on profitability of the business in line with overall Cepheid average
Provide high integrity advice and expertise for complex commercial transactions ensuring growth and profitability while maintaining compliance to laws and regulations.
Lead efforts for financial justification of localizing R&D and manufacturing in the regions (India currently) as appropriate depending on needs of business and competitive demands associated with any localized competitors.
Maintain contact with OPCO Finance leadership so that investment needs are openly communicated and validated within the constraints of cepheid's global investment strategy (HIV investment priorities will be a large driver for growth given TB maturity)
Partner with regional Finance and business leaders to drive improved results in Working capital (Accounts Receivables, Inventory and Accounts Payable).
Use the Danaher Balance Sheet wisely for Growth of the businesses where it makes sense
Own responsible Accounts Receivable and Inventory levels for the business that balances delivery vs carrying cost particularly given shelf-life issues in the business.
Other ad-hoc duties as assigned by the Cepheid CFO. Support the manufacturing operations including capital projection, expansion, costing and production commencement
Compliance and Control Duties:
Maintain and enhance our system of Internal Controls working directly with regional Finance and business leadership keeping up to date with current trends and liaising with both Group and Danaher Corporate personnel to follow new guidance. Maintain a high integrity team in pursuit of excellent internal controls.
Be the key contact to Legal and Compliance functions to ensure that all required compliance actions and steps are enacted into practice/process as would specifically relate to the APAC finance and accounting teams.
Work directly with Regional OPCO Finance leaders to ensure that teams and processes ensure the timely and accurate closing and preparation of financial information in accordance with US GAAP and Danaher reporting requirements. Working with these teams, ensure that all local statutory reporting requirements are met timely and accurately. These local requirements might include local sales and use tax activity, VAT activity and filing of locally audited financial statements as appropriate.
Drive organization improvements to develop the best team possible and work with staff to ensure that adequate development plans are in place so that we create and grow a bench of high integrity talented accountants and business partners for China growth and profitability.
Working with the Director of Technical and Revenue Accounting, make sure that all unique transactions have full transparency for revenue recognition and/or proper accounting/recording.
Oversight of tax compliance APAC tax jurisdiction where Cepheid has PE; interface with DHR tax dept.; ensure transfer pricing policy and agreements are in place and compliant
Oversight of inter-company commerce between Cepheid operational sites and resulting impact on taxable income
Key Business Relationships:
APAC leadership team APAC regional finance and business leaders Cepheid CFO Cepheid & Danaher Internal Audit Danaher
Corporate Finance External Auditors
The essential requirements of the job include:
Bachelor's Degree in Accounting/Finance with 20 years relevant experience in a medium to large scale organizations, ideally in MedTech/Life Sciences industries
Proper balance of Controllership and FP&A experience, appropriately engaging personality so that you are sought out as a solution provider and problem solver.
Experience working with peers and leaders in non-accounting and financial functions (Sales, Marketing, R&D, Manufacturing, Logistics)
Demonstrated track record of creating and managing lean and remote teams
Demonstrated excellent business acumen, strategic thinking and data-driven decision-making
Demonstrated experience in the Asia region within a similar regulated industry.
It would be a plus if you also possess previous experience in:
Master's Degree in Accounting/Finance with 18 years of relevant working experience
CPA certification or equivalent skilled in US GAAP
When you join us, you'll also be joining Danaher's global organization, where 80,000 people wake up every day determined to help our customers win. As an associate, you'll try new things, work hard, and advance your skills with guidance from dedicated leaders, all with the support of powerful Danaher Business System tools and the stability of a tested organization.
At Danaher, we value diversity and the existence of similarities and differences, both visible and not, found in our workforce, workplace and throughout the markets we serve. Our associates, customers and shareholders contribute unique and different perspectives as a result of these diverse attributes.
If you've ever wondered what's within you, there's no better time to find out.
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