Principal, Finance & Audit

Year    Gurgaon, Haryana, India

Job Description


Additional Locations: N/A

Diversity - Innovation - Caring - Global Collaboration - Winning Spirit - High Performance

At Boston Scientific, we\'ll give you the opportunity to harness all that\'s within you by working in teams of diverse and high-performing employees, tackling some of the most important health industry challenges. With access to the latest tools, information and training, we\'ll help you in advancing your skills and career. Here, you\'ll be supported in progressing - whatever your ambitions.

Key Responsibilities

General Accounting & Audit:

  • Oversees financial and accounting processes to ensure compliance with Corporate and local policies, statutory requirements and Generally Accepted Accounting Principles/Standards and ethical standards with unyielding integrity; Serves as the primary contact with independent auditors and audit-related accounting matters; Manages administration of accounts receivable, accounts payable, inventory control accounting, payroll, and local tax payments; Oversees month end close process to ensure timely close and financial reports preparation.
  • Controls: Develops local and implements Global accounting policies, procedures and internal controls in support with business processes and decisions; Ensures all activities comply with relevant Acts, legal demands, ethical standards and the internal Quality Management System.
  • Treasury: Oversees operational cash management and cash flow forecasting; Handles bank administration, funds transfers and foreign exchange dealings under the direction of Corporate Treasury.
  • Manages the various statutory and Internal audits along with team and auditor ensuring completion of work within timelines.
  • Implements and drives process improvements.
  • Participates in cross-functional teams addressing alternate business practices.
  • Identify key financial issues; report, interpret and translate them into terms meaningful to business partners and functional managers.
  • Anticipates financial needs of business partners; proactively develops financial solutions to those requirements.
  • Recruit, retain and develop finance staff.
  • Quality: Provides input to the Quality committee in finance specific local issues, with the purpose of wither finding a solution form other countries\' experiences or providing advice on potential barriers for other countries and local regulations; Drives compliance in all finance related matters (CA&C, SOX, Statutory, monthly Closing); Participates in implementing Quality requirements in all aspects of the Finance Process; Participates in driving quality awareness in every employee, while guiding the local organization towards improved performance and customer oriented initiatives; Co-ensures that employees are notified of all mandatory training and quality obligations with HR Managers - Tracks completion of mandatory training.
Taxation
  • Prepares federal, state, and/or local income, sales & use, and property tax compliance.
  • Estimates tax liabilities and calculates the tax provisions according to FAS109 for financial reporting on a quarterly basis.
  • Prepares for and participates in tax authority audits by researching issues, preparing documentation and gathering data.
  • Communicates and builds relationships with other finance staff/groups, outside departments, and consultants & tax authorities.
  • Activity for international specialty also includes: Assisting tax manager with international compliance and planning such as transfer pricing, tax implications of foreign manufacturing, and dividend repatriation.
  • Payment and calculation of all local taxes; Maintains of all substantiation records for tax; Assesses and makes provision for tax payable; Liaises with Corporate Tax on transfer pricing issues.
  • Coordinates and reviews of the completion of Country tax returns.
  • Responsible for the country\'s financial reporting process as it relates to income tax accounting.
  • Assist with tax audits and communicate tax risk to senior management.
  • Assist in the structuring and planning of acquisitions/reorganizations.
Secretarial
  • Proficient in preparing and maintaining statutory books of accounts and financial statements; proven abilities in finalizing accounts.
  • Filling of Annual Return and other necessary Forms with Registrar of Companies.
  • Conducting Board Meetings, AGMs, EGMs on periodic basis and maintaining records for the same.
Supervisory Requirements
  • Strong team handling skills
  • Assures that appropriate resources (personnel, tools, etc.) are maintained in order to assure Quality System compliance and adherence to the BSC Quality Policy.
  • Establishes and promotes a work environment that supports the Quality Policy and Quality System.
  • May lead a group or team of employees in the achievement of organizational goals. Guide, coach, direct, and develop direct reports, and if applicable, drive those practices throughout their organization.
team, including overseeing new employee onboarding and . and goals. * Lead team members to meet the organization\'s expectations for productivity, quality, continuous improvement, and goal accomplishment.
  • Foster a diverse workplace that enables all participants to contribute to their full potential in pursuit of organizational objectives.
  • May direct and control the activities and budget of one or more functional areas, divisions, product groups, projects/programs and/or operations.
  • Lead the team using a
& development process that provides an overall context and framework to encourage employee contribution and includes goal setting, feedback, and performance development planning. * Monitor and ensure compliance with company policies and procedures (e.g. federal/country and regulatory requirements).

Management Requirements
  • Min. 13-15 years of combined experience
  • Chartered Accountant (CA) and Company Secretary (CS)
  • Relevant experience in accounting profile for a minimum period of 8+ years for a multinational medical devices company / manufacturing / commercial / R&D set-up would be preferable.
  • Industry Tax Experience - Shared Services and / or FMCG
  • Hands-on with SAP.
  • Should have working knowledge about Hyperion
  • Team management and development experience for at least 5-7 years.
Requisition ID: 570792

As a leader in medical science for more than 40 years, we are committed to solving the challenges that matter most - united by a deep caring for human life. Our mission to advance science for life is about transforming lives through innovative medical solutions that improve patient lives, create value for our customers, and support our employees and the communities in which we operate. Now more than ever, we have a responsibility to apply those values to everything we do - as a global business and as a global corporate citizen.

So, choosing a career with Boston Scientific (NYSE: BSX) isn\'t just business, it\'s personal. And if you\'re a natural problem-solver with the imagination, determination, and spirit to make a meaningful difference to people worldwide, we encourage you to apply and look forward to connecting with you!

Boston Scientific

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Job Detail

  • Job Id
    JD3171677
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Gurgaon, Haryana, India
  • Education
    Not mentioned
  • Experience
    Year