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Finance Director (f/m/d) - International Cash

  • Job
    Full-time
    Expert Level
  • Accounting & Tax
    Banking & Finance

AI generated summary

  • You need a relevant degree, strong finance leadership experience, excellent communication and analytic skills, integrity, and preferably healthcare industry experience.
  • You will manage cash resources, optimize collections, lead a cash team, analyze performance metrics, implement best practices, and enhance processes for improved cash flow and liquidity.

Requirements

  • Bachelor’s degree in accounting, business administration with relevant accounting background
  • Strong previous experience in a regional leadership role in finance cash management, controllership, Financial planning & analysis
  • Big picture thinking/creative problem solving ability to identify roadblocks, connect the dots to find solutions
  • Excellent communication skills: experience working across different levels (incl C-suite); able to synthesize complexity and communicate concisely verbally and on power point
  • Effective people management skills and an ability to influence in a matrix organization
  • Highly organized, self-starter with a sense of urgency in a fast paced environment to balance multiple priorities and possess high accountability to deadlines and results
  • Strong analytic skills & precision with numbers: able to clearly link financial results to operational performance drivers, generate alternatives and drive positive change
  • Integrity: Accepting and adhering to high moral, ethical, and personal values in decisions, communications, actions, and when dealing with others
  • Solid excel skills: experience with financial modelling
  • Graduate of GE's Financial Management Program (FMP)
  • Operation Financial Leadership Program (OFLP) or Corporate Audit Staff (CAS); or graduate of other financial leadership programs Financial acumen
  • Preferably experience in the Healthcare industry
  • Matured Leadership: strong influencing skills across business functions
  • Confidence to approach all levels of management and staff and facilitate necessary dialogue
  • Adaptable/Flexible: ability to deal with high level of work stress due to deadlines and open to change in response to unexpected/ambiguous situations
  • High understanding of the GE HealthCare financial and commercial processes
  • Employees from all countries within international region are welcome to apply
  • APPLICATIONS ARE WELCOME IN ALL COUNTIRES WITHIN THE INTERNATIONAL REGION
  • RELOCATION IS NOT REQUIRED

Responsibilities

  • Managing the organization's cash resources effectively, ensuring liquidity, minimizing risks, and supporting strategic decision-making to drive financial performance and stability. Responsible for overseeing all aspects of cash management within the region. This includes developing and implementing cash management policies and procedures to optimize cash resources, minimize risks, and ensure compliance with regulatory requirements
  • Develop and execute strategic initiatives to optimize collections processes and reduce Days Sales Outstanding (DSO) across all customer segments
  • Drive forecasting accuracy improvement, and ensure zones are accountable for delivering on targets & forecasts, with clear visibility on variances
  • Lead a team of 3-4 cash leaders, providing guidance to the zone cash teams (in total 30-35), training, and performance management to ensure targets are met or exceeded
  • Centralize reporting, forecasting & analysis to ensure reviews with zones focused on operational performance and actions
  • Drive improved billing quality & predictability to minimize collection delays
  • Lead cash standardization & simplification initiatives across all international zones, including delivery model, organization & outsourcing strategy & management
  • Analyze customer payment behavior, aging reports, and credit profiles to prioritize collection efforts and minimize bad debt exposure
  • Implement best practices and leverage technology solutions to streamline collections workflows and improve efficiency & predictability
  • Oversee working capital management initiatives, including accounts receivable, accounts payable, unbilled, and inventory, to improve cash flow and liquidity
  • Analyze working capital metrics and identify opportunities for improvement, such as reducing inventory levels, optimizing payment terms, and accelerating cash conversion cycles
  • Partner with cross-functional teams to implement working capital improvement projects, driving process efficiencies and maximizing cash flow
  • Develop and implement credit risk strategies to minimize bad debt losses while supporting sales growth objectives
  • Monitor changes in customer credit profiles and market dynamics to proactively identify and mitigate credit risks
  • Prepare and present to the high leadership financial reports related to collections, working capital, and cash flow to identify trends, variances, and improvement opportunities
  • Provide regular updates and insights to senior management on key performance indicators (KPIs) related to collections & billing effectiveness, and working capital efficiency
  • Collaborate with Finance and Accounting teams to ensure accurate and timely reporting metrics and performance
  • Drive continuous improvement initiatives to enhance processes, streamline workflows, and improve overall efficiency
  • Lead change management efforts to ensure successful adoption of new processes and technologies within the cash function
  • Cultivate strong relationships with internal stakeholders, including zone cash leaders & CFOs, Sales, Service, and Operations teams, to facilitate timely resolution of customer disputes and billing inquiries

FAQs

What is the primary responsibility of the Finance Director International Cash?

The Finance Director International Cash is responsible for developing and implementing strategic initiatives to accelerate cash collections, reduce Days Sales Outstanding (DSO), and maximize working capital efficiency for the International Region.

Where can this position be based?

The role can be based anywhere in the international region, preferably in Hungary, India, France, or Dubai, but applications are open to all countries between the UK and India that have a GE HealthCare presence, with high workplace flexibility.

How many people will the Finance Director be managing?

The Finance Director will lead a team of 3-4 cash leaders and provide guidance to a total of 30-35 zone cash teams.

What qualifications are required for this role?

A Bachelor's degree in accounting or business administration with a relevant accounting background is required, along with strong previous experience in a regional leadership role in finance, cash management, or financial planning & analysis.

Is prior experience in the healthcare industry preferred?

Yes, preferably experience in the healthcare industry is favored for this position.

What skills are essential for this role?

Essential skills include strong leadership, analytical skills, excellent communication abilities, effective people management, and strong analytical skills with precision in handling numbers.

Will relocation assistance be provided for this role?

No, relocation assistance is not provided for this position.

What kind of initiatives will the Finance Director be focusing on to improve cash flow?

The Finance Director will focus on initiatives such as optimizing collections processes, driving improved billing quality, overseeing working capital management, and implementing credit risk strategies.

How important is collaboration with cross-functional teams in this position?

Collaboration with cross-functional teams is crucial, as the Finance Director will partner with various teams to implement working capital improvement projects and drive process efficiencies.

What kind of reporting responsibilities does this role entail?

The Finance Director will prepare and present financial reports related to collections, working capital, and cash flow to senior leadership, providing updates on key performance indicators (KPIs) and improvement opportunities.

Science & Healthcare
Industry
10,001+
Employees
1892
Founded Year

Mission & Purpose

Every day millions of people feel the impact of our intelligent devices, advanced analytics and artificial intelligence. As a leading global medical technology and digital solutions innovator, GE HealthCare enables clinicians to make faster, more informed decisions through intelligent devices, data analytics, applications and services, supported by its Edison intelligence platform. With over 100 years of healthcare industry experience and around 50,000 employees globally, the company operates at the center of an ecosystem working toward precision health, digitizing healthcare, helping drive productivity and improve outcomes for patients, providers, health systems and researchers around the world. We embrace a culture of respect, transparency, integrity and diversity and we work to create a world where healthcare has no limits.