Finance Stryker

Stryker, a leading medical technology company, relies on a sophisticated and strategic finance function to drive its continued growth and innovation. The finance team plays a critical role in supporting the company’s mission of making healthcare better, providing essential insights and guidance to various business units and stakeholders.

The scope of finance at Stryker encompasses a wide array of responsibilities, including financial planning and analysis (FP&A), accounting, treasury, tax, internal audit, and investor relations. FP&A professionals are responsible for budgeting, forecasting, and analyzing financial performance, helping the company allocate resources effectively and achieve its strategic goals. They work closely with operational teams to understand key drivers of business performance and identify opportunities for improvement.

The accounting function ensures the accuracy and integrity of Stryker’s financial statements, adhering to Generally Accepted Accounting Principles (GAAP) and complying with relevant regulations. This team manages the general ledger, accounts payable and receivable, and other core accounting processes. Their work is essential for maintaining investor confidence and supporting informed decision-making.

Treasury manages Stryker’s cash flow, investments, and debt, ensuring the company has the financial resources necessary to fund its operations and strategic initiatives. They also play a key role in managing financial risk, including foreign exchange exposure and interest rate volatility.

The tax department is responsible for ensuring Stryker complies with all applicable tax laws and regulations globally. They work to optimize the company’s tax position while minimizing its tax liabilities. This requires a deep understanding of complex tax rules and regulations in various jurisdictions.

Internal audit provides independent assurance that Stryker’s internal controls are effective and that the company is managing its risks appropriately. They conduct audits of various business processes and functions, identifying areas for improvement and making recommendations to management.

Investor relations serves as the primary point of contact between Stryker and the investment community. They communicate the company’s strategy, financial performance, and outlook to investors, analysts, and other stakeholders. This team plays a critical role in maintaining a positive relationship with investors and ensuring that the company’s stock is fairly valued.

Overall, the finance function at Stryker is a highly valued and integral part of the organization. It’s characterized by a focus on data-driven decision-making, continuous improvement, and collaboration across various business units. The finance team actively participates in strategic discussions, providing valuable insights and guidance to support Stryker’s long-term success in the dynamic and competitive medical technology industry.