Job Information
GE Healthcare Imaging Segment Controller in Chicago, Illinois
Job Description Summary
Imaging is one of the externally reported segments of GE Healthcare (GEHC). GEHC has $20 billion in revenue and was spun-off recently from General Electric Company (GE). This Segment Controller will be responsible for providing overall controllership support to a $10B segment of GEHC, the Imaging Segment.
The Imaging Segment Controller is responsible for ensuring compliance with GEHC policies and procedures as they relate to technical/operational accounting for certain transactions impacting the Segment directly, drafting and review of external SEC disclosures for the Segment, and oversight of segment financial closing and reporting activities.
Ideal candidates should have experience in accounting, financial reporting, and closing/consolidation. In addition to solid skills in problem solving, verbal and written communication, and working cross functionally in a global organization.
GE HealthCare is a leading global medical technology and digital solutions innovator. Our mission is to improve lives in the moments that matter. 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
Role and Responsibilities
Lead and manage a review process for validation of financial metrics and external disclosures in SEC filings (i.e., 10K/10Q) for the Imaging Segment with the with the leadership team, including Segment CEO and CFO.
Own the overall balance sheet review process on a quarterly basis for the segment, including conducting sub-segment balance sheet reviews, driving open items to resolution, deep-dive review of certain high-risk areas.
Lead accounting processes for areas of direct segment responsibility including research & development and fulfilment activities in the Imaging Segment. Includes periodic reviews with the operational/product teams to ensure appropriate recording, categorization, capitalization and impairment evaluations (if applicable).
Review external software development programs for appropriate accounting, including controls, sign-off, impairment risk, amortization. Ensure consistency of accounting with GEHC’s accounting policies/procedures and collaborate with the Global Headquarters team to resolve any exceptions.
Review items related to inventory accounting, including variances, slow moving, excess inventory at the global and regional levels for the Imaging Segment. Align with Supply Chain controller to ensure proper tracking and action.
Review various expense accrual accounts (for example, logistics, legal) impacting the segment directly for appropriate quarterly close conclusions.
Manage the accounting for potential Field Modifications (or recalls) impacting the Segment by establishing rhythms with Product and Quality teams. Review and document need for any accruals and review potential amounts.
Support any Segment-level restructuring activity, including booking of restructuring reserves and partner with Finance/HR teams to monitor restructuring spend against such reserves.
Perform annual reviews for Missing in Shipment (MIS) accruals and monitor fulfillment risks to ensure best estimates are accrued at reporting periods.
Perform annual fair market value updates, including input from all regions to support various calculations at the overall Segment level.
Manage annual impairment evaluation process for various asset categories on the Segment balance sheet, including, capitalized software, investments, intangible assets and P&E.
Partner with BD controllership to support any BD activity impacting the Segment (for example, integration, earn-outs monitoring, IPR&D monitoring).
Own and update any segment-level accounting policies and procedures. Provide training to appropriate Finance Managers and CFOs on segment-level policies and procedures.
Support Regional and Global controllership teams on product functionality determinations to comply with revenue recognition guidelines, including New Product Introductions (NPIs)
SOX - Own the segment-level SOX controls globally and support in testing of those controls.
Other financial and segment related activities, as applicable
Qualifications
Bachelor’s degree in Accounting or Finance
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.
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.
Experience applying SOX requirements
Strong analytical skills, including experience with creation, review and presentation of balance sheet review packages or other similar financial review packages.
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.
#LI-Onsite
#LI-Hybrid
#LI-KS1
Additional Information
GE HealthCare offers a great work environment, professional development, challenging careers, and competitive compensation. GE HealthCare is an Equal Opportunity Employer (https://www.eeoc.gov/sites/default/files/2022-10/22-088_EEOC_KnowYourRights_10_20.pdf) . 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.
GE HealthCare will only employ those who are legally authorized to work in the United States for this opening. Any offer of employment is conditioned upon the successful completion of a drug screen (as applicable).
While GE HealthCare does not currently require U.S. employees to be vaccinated against COVID-19, some GE HealthCare customers have vaccination mandates that may apply to certain GE HealthCare employees.
Relocation Assistance Provided: No