Director, External Reporting and Accounting Policy

Why Us?

We want the best and brightest people to help us achieve our mission to develop and deliver life-enhancing products through focused execution. Our nearly 3,000 global team members understand the important role we play in delivering healthcare and are dedicated to supporting each other as we work to bring the best treatments forward. Our shared values of Integrity & Quality, Innovation, Drive, Collaboration and Empathy guide our team and enable us to deliver upon our vision of helping everyone we serve live their best life.

Job Description Summary

The Director, External Reporting and Accounting Policy will lead and oversee the Company’s SEC and other external (e.g., statutory, lender, etc.) filing processes, internal consolidations and technical accounting function.

These responsibilities include, but are not limited to, oversight of the preparation, review, and filing of the Company’s consolidated financial statements and other periodic reports with the SEC and / or the Company’s lenders, oversight of the timely and accurate completion of the monthly and quarterly consolidation of divisional and subsidiary financial statements for inclusion in corporate operating reports and preparation, review and filing of the Company’s statutory reports within its global footprint. This individual will act as a financial reporting and accounting resource to others within the broader Finance organization, as well as to individuals working in other functional or commercial business areas, including but not limited to, Business Development, Human Resources and Legal. The Director, External Reporting and Accounting Policy is one of the key leaders in the global Finance organization and will act as the main point of contact for all company locations with respect to complex technical accounting matters and advice, SEC / lender financial reporting, consolidation and statutory reporting activities. Also responsible for the integrity of data within and the communication between the financial reporting applications.

Job Description

Scope Of Authority

Responsible for enterprise-wide insight into the Company’s consolidation processes and a number of events, transactions and other issues that are sensitive and critical to the Company’s strategic direction. This individual will be responsible for identifying issues which may require separate SEC filings / disclosure, disclosure in periodic SEC filings and / or special accounting treatment. This individual will also review any required filings, including Form 8-K’s and Form 4’s, and related disclosures and present this information at the executive level as needed.  This individual is a valued resource to others outside of the department, including the Senior Executive Team.

Key Accountabilities

Technical Accounting & Accounting Policy

• Oversee and coordinate internal and, where necessary, external accounting technical advisory support to the global enterprise, including with respect to US GAAP and local statutory accounting frameworks.  Manage the preparation and review of technical accounting memoranda to support complex accounting conclusions.
• Oversee and coordinate internal and, where necessary, external accounting technical advisory support to the global enterprise, including with respect to US GAAP and local statutory accounting frameworks.  Manage the preparation and review of technical accounting memoranda to support complex accounting conclusions.
• Oversee and support the completion of annual and event-driven asset impairment testing process over goodwill, intangibles, and long-lived assets, including coordination of external valuation advisors.
• Lead special projects requiring advanced accounting and project management expertise (e.g., accounting for acquisitions / dispositions, consolidation of variable-interest entities, adoption of new accounting pronouncements, etc.)
• Consult with the business development team in reviewing and providing guidance with respect to potential mergers and acquisitions, sales / disposals, in- and out-licensing contracts, etc.  Perform contract reviews to identify and recommend changes for potential unintended accounting considerations.
• Create and maintain accounting policy documents for all critical accounting areas under US GAAP.
• Analyze similarities and differences between US GAAP and local statutory accounting principles, where applicable, in order to maintain appropriate statutory accounting policies
• Monitor new accounting standards or changes to existing standards and assess the impact on the Company’s financial statements, accounting policies, and processes and controls.
• Lead the implementation of new accounting standards and practices and ensure compliance with industry regulations.
• Educate the Controller’s division and business partners (e.g., accounting operations, supply chain, treasury, tax, FP&A) on accounting policy changes.

Financial Reporting

• Own and manage the global financial reporting process, including the Company’s periodic reports filed with the SEC and / or lenders, benefit plan reports, statutory reporting, equity reporting, pro forma reporting, proxy vote reporting and acquisition and disposition reporting
• Manage the Disclosure Committee review of the Company’s periodic reports filed with the SEC, including the presentation and explanation of significant changes to the documents
• Manage Form 4 filings on behalf of “corporate insiders” to report such insiders’ transactions involving Company securities
• Support capital market transactions by assisting in the preparation and review of related documents, including offering memoranda and registration statements
• Oversee company-wide statutory reporting, including the preparation of monthly, quarterly and annual financial statements in accordance with local statutory rules and regulations, review GAAP to stat adjustments to ensure accuracy and consistency, and manage the filing of all reports within the required filing dates specified by regulatory bodies
• Establish and maintain standard operating procedures (SOPs) for the consolidation and reporting processes
• Develop and drive consistent and effective policies and procedures during the financial and statutory reporting and monthly/quarterly consolidation processes
• Own and manage the global financial reporting process, including the Company’s periodic reports filed with the SEC and / or lenders, benefit plan reports, statutory reporting, equity reporting, pro forma reporting, proxy vote reporting and acquisition and disposition reporting
• Manage the Disclosure Committee review of the Company’s periodic reports filed with the SEC, including the presentation and explanation of significant changes to the documents
• Manage Form 4 filings on behalf of “corporate insiders” to report such insiders’ transactions involving Company securities
• Support capital market transactions by assisting in the preparation and review of related documents, including offering memoranda and registration statements
• Oversee company-wide statutory reporting, including the preparation of monthly, quarterly and annual financial statements in accordance with local statutory rules and regulations, review GAAP to stat adjustments to ensure accuracy and consistency, and manage the filing of all reports within the required filing dates specified by regulatory bodies
• Establish and maintain standard operating procedures (SOPs) for the consolidation and reporting processes
• Develop and drive consistent and effective policies and procedures during the financial and statutory reporting and monthly/quarterly consolidation processes
• Maintain the global financial reporting, statutory reporting and consolidation close calendars. In addition, manage the statutory reporting tracker to ensure compliance with all local statutory requirements and deadlines
• Assist with the preparation and review of monthly financial reports, including the Executive, Board of Director, and Audit Committee Packages
• Collaborate with and support Investor Relations and other departments in the preparation and review of Investor/Analyst presentations (e.g. Earnings Release and related materials) and other external communications containing financial information
• Ad hoc projects as required, including debt and equity offerings, review of peer SEC filings for benchmarking purposes, and recasting of SEC filings for the adoption of new accounting standards or segment changes

Consolidations

• Coordinate and manage the monthly global consolidation process to ensure results are reported accurately and on a timely basis
• Review monthly consolidation and supplemental consolidation reports of all division financial statements
• Design, implement, and manage the quarterly Business Process Reviews (BPRs)
• Gain and apply understanding of business operations to support the identification of financial and operational trends and related variations in accounts as well as the identification/correction of possible reporting inconsistencies
• Manage the preparation and submission of mandatory governmental forms

Other

• Maintain appropriate SOX process and control documentation, ensure the proper design/execution of internal controls, and assists in the coordination of SOX control testing with Internal/External auditors
• Manage all third-party experts and vendors engaged to assist with statutory reporting, benefit plans, consolidations and financial reporting
• Support the overall coordination of the quarterly review and annual audit with outside auditors; including the timing of audits, providing leadership to financial reporting and accounting departments in preparation of work papers, and coordination of responses to questions
• Drive continuous improvement initiatives throughout the consolidation and reporting processes

Qualifications

Education & Experience

• B.S. degree in Accounting or Finance
• CPA Certification
• 10+ years of experience in accounting; including 2 - 5 years of public accounting experience
• Experience with HFM
• Experience working in a Windows environment.  Proficient in MS Office Suite, particularly MS Excel
• Experience with XBRL
• Experience with SAP
• Pharmaceutical experience preferred
• Expert knowledge in US GAAP accounting
• Strong knowledge and experience with financial reporting and SEC filings
• Thorough knowledge and experience with consolidations accounting
• Proficient in statutory reporting requirements

Knowledge

• Expert knowledge in US GAAP accounting
• Strong knowledge and experience with financial reporting and SEC filings
• Thorough knowledge and experience with consolidations accounting
• Proficient in statutory reporting requirements

Skills & Abilities

• Strong communications, analytical, organizational and planning skills
• Organizational and multitasking skills with attention to details
• Demonstrated ability to manage deadlines and perform in a fast-paced environment
• Ability to quickly comprehend and accurately analyze issues with a variety of concrete variables in situations where only limited standardization exists
• Ability to comprehend requests furnished in written, oral, diagram or schedule form
• Able to deal effectively with all employees and external business contacts while conveying a positive service-oriented attitude
• Maintain complete confidentiality and discretion in business relationships and exercise sound business judgment
• Desire to learn new topics and resolve problems
• Willingness to work outside defined functions of position when necessary
• Ability to deal with ambiguity and formulate solutions
• Ability to identify areas for improvement and drive positive process changes

Physical Requirements

• Ability to work in an office environment (sit/stand)

Eeo Statement:

We firmly believe in the principles of equal employment opportunity and strive to create an atmosphere where all employees, regardless of their race, color, creed, religion, sex, gender identity or expression, sexual orientation, national origin, genetics, disability (including pregnancy), age, or military or veteran status, feel valued, respected, and empowered. Our commitment to EEO extends to every aspect of employment, including recruitment, hiring, training, promotions, compensation, benefits, transfers, terminations, and all other employment practices. We are dedicated to ensuring that all employment decisions are based on qualifications, skills, and merit.