Commercial Controllership manager

Job Description SummaryThe Commercial Controller role is responsible for commercial accounting in the region of GEHC. This role drives activities supporting the region’s overall and commercial activities. The position supports various functions, including the region Controller, CFO, FP&A, Cash, Commercial Operations and Regional Commercial Finance.
GE HealthCare is a leading global medical technology and digital solutions innovator. Our purpose is to create a world where healthcare has no limits. Unlock your ambition, turn ideas into world-changing realities, and join an organization where every voice makes a difference, and every difference builds a healthier world.

Job Description

The Commercial Controller will collaborate with the finance, commercial operations, sales, and legal teams to help them apply appropriate revenue recognition rules and contracting practices through consultation, review of commercial contracts and related transactions, and continuous training and education across business functions. This role is responsible for delivering effective commercial controllership through strong process and policy guidance, deal support, and accounting for commercial related transactions.

Roles and Responsibilities

• Collaborate with commercial and related functional teams providing transaction/deal structure guidance ensuring the financial, accounting and compliance implications are understood
• Ensure controls over contracting processes exist allowing for the timely and effective identification and accounting for non-standard contracts
• Assist with training to ensure compliance with global and regional revenue recognition policies (ASC 606 and ASC 842)
• Ensure adequate controls and compliance with Sarbanes-Oxley 404 requirements specific to revenue recognition and other related commercial transactions
• Own the certain balance sheet accounts for commercial accounting related areas. Establish and own review processes to monitor such accounts ensuring timely identification of issues and resolution.
• Drive consistent and effective policies and procedures for quarterly close processes including account reconciliations, supplemental Data Requests (DR) submissions, representation letters, and adjusting entries.
• Research and resolution of complex commercial finance and technical accounting issues including the application of new/proposed revenue recognition standards
• Lead selected simplification initiatives within the commercial controllership team and drive consistency within commercial controllership processes and controls

In addition to the commercial controllership activities, this role will support certain activities for the global commercial tasks:

• Partner with various members of the Finance & Controllership team and Global GEHC team to simplify closing and reporting processes
• Lead preparation of quarterly Financial Reporting Package for the region, including quarterly Balance Sheet reviews, by collaborating with various stakeholders to provide quality analytics supporting the balances and associated movements.
• Ensure adequate controls and compliance with Sarbanes-Oxley 404 requirements specific relevant transactions
• Drive consistent and effective policies and procedures for quarterly close processes including account reconciliations, supplemental Data Request (DR) submissions, and adjusting entries.
• Research and resolution of complex technical accounting issues including the application of related GAAP standards 

• Responsible for the preparation and analysis of accurate financial statements and disclosures based on actual results. Consolidate, analyze and report financials in compliance with reporting regulations.
• Maintain revenue recognition accuracy and its control process
• Perform commercial contracting review by assuring Policy 5.0/6.0
• Lead LEAN & Digital transformation initiative to improve capability / operational process
• Utilizes in-depth knowledge of a discipline and analytical thinking to execute policy/strategy. Basic knowledge of related job disciplines.
• Jobs at this level function with some autonomy but are subject to functional practices and precedents or are covered by well-defined policies or review of end results. The job allows modification of procedures and practices covering work as long as the end results meet standards of acceptability (quality, volume, timeliness etc.).
• Uses some judgment and has the ability to propose different solutions outside of set parameters to address more complicated, day-to-day problems. Has ability to prioritize information for data analysis. Uses technical experience and analytical thinking. Uses multiple internal and limited external sources outside of own team to arrive at decisions.

Qualifications/Requirements

• Bachelor’s degree in Accounting or Finance
• At least 8 years of progressive experience in accounting or finance
• Demonstrated proficiency in U.S. GAAP/IFRS
• Experience in research of accounting and reporting issues, including interpreting U.S. GAAP and SEC Reporting Rules.
• Demonstrated expertise in application of policies and procedures for day-to-day accounting and financial transactions. Working level understanding of US GAAP and SEC requirements for areas of responsibility for this role.
• Strong analytical skills, including experience with creation, review and presentation of balance sheet review packages or other similar financial review packages.
• Clear thinking / strong problem-solving grasp new ideas quickly; take initiative to understand root causes of issues and development solutions; able to work independently; manage multiple tasks.
• Excellent communication skills: experience working across multiple levels (including executive level), functions and regions; able to clearly communicate complex financial information in an easy-to-understand manner; able to deliver messages effectively verbally and in writing.
• Integrity: Accepting and adhering to high moral, ethical, and personal values in decisions, communications, actions, and when dealing with others
• Experience with financial systems/applications (i.e.: Oracle, Hyperion etc.), strong Excel skills in data compilation and aggregation (i.e. pivot tables, VLookup).

Desired Characteristics

• Certified Public Accountant or equivalent (i.e., Chartered Accountant)
• Demonstrated ability working in cross functional teams or in matrixed organization with sound understanding of global process and transactional flows. 
• Has strong interpersonal and communication skills
• Adaptable/ Flexible: Ability to work beyond role boundaries or with uncertainty & fluid situations- able to embrace change in response to new information, unexpected or different circumstances and ambiguous situation.
• Is quality conscious- provides quality deliverables consistently and has an eye for details.
• Is organized and manages time well.
• Experience applying SOX requirements
• Confidence / Assertiveness: strong influencing skills across business functions; confidence to approach business leaders with difficult messages and defend position

Inclusion and Diversity
GE HealthCare is an Equal Opportunity Employer where inclusion matters. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.
We expect all employees to live and breathe our behaviors: to act with humility and build trust; lead with transparency; deliver with focus, and drive ownership – always with unyielding integrity. 
Our total rewards are designed to unlock your ambition by giving you the boost and flexibility you need to turn your ideas into world-changing realities. Our salary and benefits are everything you’d expect from an organization with global strength and scale, and you’ll be surrounded by career opportunities in a culture that fosters care, collaboration and support.

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Additional Information