Controlling & FP&A Supervisor

Cochlear’s mission is to help people hear and be heard. As the global leader in implantable hearing solutions, Cochlear is dedicated to helping people with moderate to profound hearing loss experience a world full of sound. We aim to transform the way people understand and treat hearing loss and innovate to connect people with future technologies. Our employees tell us that the number one reason they enjoy working for Cochlear is the opportunity to make a difference to people’s lives. Learn and grow with us as we tackle the most complex challenges in helping more people to experience a lifetime of hearing.

Accountabilities

Accountability 1: Act as finance business partnership of Greater China Team

• Support on implemetation and achievement of 5 years strategy plan of Greater China, growth of evenue and earnings
• Support each territory achieve yearly target and contribute to Greater China strategy plan, include not limited China private pay, Donation, Special Zone-Boao, Special Zone-Greate Bay, Provincial Tender, Mongolia, Hong Kong, Taiwan; support on dicision making
• Support each business segmentation achieve yearly target and contribute to Greater China strategy plan, include not limited CI system, Upgrade, Service, online and offline accessory, Acoustic; support on dicision making
• Keep a closely work with local stakeholders and APAC finance team for Greater China target setting and implementation, performe gap FP&A and analysis, support business for further action on target achievement
• Support review with APAC senior management team (i.e. Reginal CEO and APAC Finance VP)
• Drive overall Greater China OPEX/CAPEX target  (including China private pay, Donation, Special Zone, Provincial tender, Mongolia, Hongkong and Taiwan), manage strategic planning, budgeting; lead overall OPEX/CAPEX budget and forecast activities, cooperate with each stakeholders and APAC HQ teams, ensure the budget aligns with HQ guideline and target;
• Monitor the overall financial performance by multiple territory, by multiple business segementation, follow up Greater China business repid changing, provides quickly response, contributes to strategic / business development by providing accurate data, simulation, and advices supporting the decision making process;
• Maintain strong business partnering through mainly orgnizing OPEX & CAPEX review meeting to make sure activities align with business targets; participating in relevant business meetings and regular management meetings; supporting decision making on investment, projects, and operations through providing financial expertise in e.g. simulating financials, assessing returns on key investment, sales force expansion, in-line products investment, new product launch, etc.
• Lead budget and forecast data collections and communications/meetings with each stakeholders, validate the rationality of the proposes, assumptions and target data. It covers headcount & personnel cost, OPEX, CAPEX etc., adjust the OPEX accordingly the essence of business, as well as optimize the resource allocation;
• Analyse output and produces commentary, identifies and highlights risks and opportunities, timely raise the discussion with management team, function heads and budget owner, provide recommendation and finance insight and monitor the relevant executions with a finance angle;
• Monitor financial performance, track and challenge landing vs targets; find the reason behind the gap and provide professional recommendations to support business make disicion and execute further action;
• Perform OPEX and CAPEX budgeting and forecast submission into the budgeting system accuracy and timely;
• Ensure sufficient monthly follow up on OPEX and CAPEX, track monthly accrual and actual expense, analysis the back reason of gap to identify risk and opportunity, to monitor the execution of internal and external activities, make suggestions to how the quarterly and year-end budget targets can be met;
• Provide timely and effective internal management reports and analysis for relevant stakeholders and management team members; provide multiple diversify analysis report for APAC requirement; prepare review package as per managers’ request;
• Improve financial acumen across the business, lead the expense excellence discussion, collaborate with stakeholders to build up a machanism for expense excellence;
• Ensure to meet the deadline and requirements of monthly closing and year-end closing, collabrating with stakeholders and accounting team to ensure a safe landing in a timely manner;
• Support line manager to lead Greater China (China private pay, Donation, Provincial Tender, Mongolia, HongKong, Taiwan) budget and rolling forecast cycle for full PNL; support line manager on revenue forecasting and communication, multiple product profilo (CI system, Upgrade, Special Zone-Boao, Special Zone-Greate Bay, online and offline accessory, Service, Acoustic), by weekly, monthly, quarterly and yearly review with business; to ensure revenue and EBIT target safe landing
• Support line manager to identify R&O of revenue and OPEX and implementation follows up; support line manager and Finance Director for country review with APAC for each budget and rolling forecast cycle
• Support line manager lead Greater China (China private pay, Donation, Provincial Tender, Mongolia, Hong Kong, Taiwan) monthly business performance review, identify the business latest changing
• Review the contract financial terms to ensure full alignment with company policies and compliance requirement. Integrate the company contract review system database and OPEX budget/forecast data to track and monitor the departments and key projects execution. Improve the quality of variance analysis report for budget/forecast and implementation to support business execution more efficiency
• Implement other budgeting, planning and analysis related jobs if needed.

Accountability 2: Contribute to improvement of process and analytical tools/systems

• Follow up and optimize revenue,OPEX/CAPEX budgeting/forecast processing in response to business model changes, provide quick response to the dynamic market, including but not limited China mainland, HK and TW;
• Maintainance and optimize the budget/forecast tools on revenue and OPEX/CAPEX, establish and develop the relevant framework in response to businss model changes and dynamic market, provide relevant simulation and analysis to support business and management team do decision;
• Improve the methodology on execution progress of revenue, OPEX/CAPEX monitoring, and enhance overall tracking efficiency;
• Implement and continuously optimize financial internal control process, integrate contract review and OPEX/CAPEX budgeting/forecast, deliver more accuracy analysis reports to stakeholders to ensure key projects are implemented as planned. Provide relevant training or education tools to enhance stakeholders’  awareness on cost control  

Accountability 3: Support on other financial targets

• Work together with whole finance team to achieve financial targets and intiatives, e.g. financial automations;
• Support on internal and external audits;
• Support on company projects and intiatives if needed, such as Amplify (including and not limited SAP UAT, user’s feedback and action plan before and after implementation, etc.,)
• Implement other tasks assigned by line manager to achieve finance objectives of Greater China.

Team Role (Individual Contributor):

• Follow relevant quality procedures to deliver quality products and services; identify and support the implementation of continuous improvement; undertake additional quality responsibilities (e.g. audit) .
• Contribute ideas on systems and process methods to improve deliverables.
• Work safely, complying with all safety procedures, rules and instructions; and reporting workplace hazards, incidents or injuries to manager.
• Other relevant ad-hoc jobs.

Key Incumbent requirements:

• At least 5 years working experience in controlling and financial analysis area, especially focus on OPEX controlling
• Professional finance knowledge, familiar with China GAAP and IFRS GAAP
• Strong financial analytical abilities and spreadsheet skills
• Good interpersonal and excellent communication skills
• Able to maintain good relationships and cooperation with other functions
• Proven ability in trouble shooting and problem solving
• Able to work under stress, good ability to deliver objectives within a short time window
• Good mindset for continuous improvement and innovation
• Good presentation and management ability
• Responsible, conscientious, self-motivated
• Good organizer and team player
• Hands-on Hyperion and Oracle experience, good Office software (Excel, PowerPoint) skills
• Good at oral and written English

Ideal:

• At least 5 years financial controlling experience in MNC pharmaceutical or medical device industry
• One of accounting qualification CPA/ACCA/CMA/CIMA is a plus
• Exposure to the Greater China and APAC business environment

If you feel that you have the skills and experience to be successful in this role and take on new challenges to build your career with Cochlear, please start your application by clicking the apply button below.

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How we recognise your contribution

At Cochlear we value and welcome the unique contributions, perspectives, experiences, and backgrounds of our employees and aim to build a culture that celebrates and leverages these differences, creating a sense of belonging and enabling our people to realise their full potential. Through our internal programs and employee benefits, we aim to create an environment where our people will feel value and supported. Whether your focus is on continuous learning, professional development or simply finding an environment which enables you to thrive whilst balancing family or personal life commitments, then we have several programs in place to support you.

For more information about Life at Cochlear, visit www.cochlearcareers.com