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Senior Financial Controller

Application Deadline: 

Shanghai, Minhang, CN, 201106

Contract Type:  Full-Time
Working Hours:  40
Employment Type:  Regular

Job Posting –Senior Financial Controller

Job Purpose:
The overall purpose of the Senior Financial Controller job is to secure compliant and optimized: Performance reporting for Performance Units (based on Grundfos GAAP) and statutory / tax statements for Grundfos Entities (based on local GAAP).
•    Driving optimization and cost effectiveness related to standardized, automated and simplified global finance processes (in order to make it easier to work for Grundfos).
•    Driving compliance excellence within Finance Controlling and operational excellence for non-streamline companies
•    Ensuring accurate and timely reporting processes based on the above accounting principles across performance units and legal entities

Key Accountabilities / Responsibilities
•    Lead accurate monthly/year-end reporting according to Grundfos GAAP as well as statutory financial statements for legal entities including relationship to statutory outsourcing partner (KPMG)
•    Deliver accurate and timely monthly/year-end reporting on Performance Unit and Profit Center level (as it is defined in the relevant RASCI) with adherence to all Finance and Performance Management (PMA, Cognos, Conversion Cost) guidelines and procedures.
•    Lead efficient and value adding external audit process with auditors (Deloitte)
•    Challenge and support harmonization, efficiency and effectiveness of global finance controlling/accounting processes, statutory compliance processes and internal control processes
•    Develop finance controlling/accounting teams that are able to challenge and improve accounting processes and are masters of Grundfos GAAP including bridging SAP, Cognos and PMA
•    Owner of balance sheets including split between Segments, balance sheet reviews for all legal entities 
•    Owner of cost allocations between performance units including e.g. accruals, wages, pension schemes
•    Ensure optimal control environment at legal entity level including follow-up on internal control observations from GIAS
•    Drive efficient company structure and capital structure with Tax and Treasury
•    Drive efficient performance unit / profit center structure with FBP and GFP&A (as defined in the relevant RASCI)
•    Manage collections in close collaboration with strategic credit managers from Finance Business Partner organization by executing on agreed collection strategies for the respective customer segments
•    Act as a Company Secretary and be responsible for local legal obligations regarding Board Meetings, Annual General Meetings and other Corporate legal matters
•    Be main contact to local authorities, local auditors and local outsourcing partner


Required Minimum Qualifications
•    Bachelor’s Degree or equivalent work experience
•    Work relevant experience includes audit/accounting/taxation and have in depth knowledge of international and/or local accounting and taxation legislation.
•    Good at analysing, planing and organizing 
•    Can work under big pressure


•    Accounting Manual – Deep understanding of the Grundfos accounting principles. Understand how the accounting principles affect financial reporting.
•    Accounting standards – Understand local/international accounting standards and integrate it in the internal controls and compliance processes
•    Corporate legal requirements – Ability to understand local/international corporate legal requirements and integrate it in the financial reporting where relevant.
•    Audit process and principles – Ability to organise, coordinate and facilitate external audits.
•    Financial reporting (monthly) – Ability to organise, coordinate and facilitate monthly reporting in close collaboration with other Finance functions.
•    Financial reporting (statutory) - Ability to organise, coordinate and facilitate the statutory reporting in close collaboration the compliance controller and/or third party service provider.
•    Analysis – Ability to analyse financial information in order to understand trends, compliance issues and identify possible errors. Ability to create easy understandable conclusions/recommendation.
•    Process Development - Ability to manage process development. Identify, develop and deploy process improvement within own area of responsibility.
•    Compliance consultancy – Ability to provide consultancy and guidance in compliance matters in an easy understandable way.
•    IT Systems – Ability to use the following systems und understand the underlying data structures and flows at a sufficient level to fulfill the Job Role.
•    Systems and applications such as: SAP, BW/Analytic, TM1/Cognos, IBP, IPMA/PMA and MS Excel.

About Grundfos 
Grundfos is one of the world’s leading water technology companies with more than 19.000 employees in 60+ countries all over the world. Our skills commit us to pioneering solutions to the world’s water and climate challenges and improve the quality of life for people. We dare to do things that others cannot or dare not do, as we believe innovation is not only a business opportunity, but an obligation. And what really matters to us is not short term profit, but the impact we make. By becoming part of our united powerful team, you too can drive this change no matter your role.

An inclusive team
If you like the look of this job and know you can bring your skills to contribute to our purpose, please apply. We need and welcome professional people from all corners – however you identify and whatever your background is.

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