Director, Compensation & Employee Benefits Accounting

Oct 22, 2021

Job Description

769 million. That’s how many lives our products touched in 2020. And while we’re proud of that fact, in this world of digital and technological transformation, we must also ask ourselves this: how can we continue to improve and extend even more people’s lives?

Job Description
The Director Compensation & Employee Benefits Accounting is a key leadership position within the Financial Reporting and Accounting Operations Record to Report (R2R) team responsible for ensuring all U.S. employee benefit plans and transactions are appropriately recorded from an accounting perspective and that the link to the financial statements is complete and accurate. This role partners closely with the U.S. reporting leads and the business.

Major Accountabilities
• Review and assess changes to employee benefit plans for potential financial statement impacts
• Drive complex accounting issues and topics related to the P&O / Employee Benefits area and partner with the US FRA Operations Technical Accounting team to document conclusions
• Review and approve the reasonableness of accrual estimates provided by P&O including but not limited to defined contribution retirement program, annual incentive plan, pensions, other post-retirement obligations, post-retiree medical, and IBNR medical reserve
• Lead U.S. restructuring accrual process and partner closely with P&O and the finance community
• Lead share-based compensation accrual process and act as liaison with P&O for significant reorganizations and M&A
• Assist in ad-hoc projects for various global and U.S. employee benefit or accounting initiatives
• Participate in HR, Payroll and Employee Benefits related systems implementations including confirming appropriate configuration and UAT to ensure accuracy of financial reporting
• Proactively communicate variances to Senior Management/business by detailing out key drivers leading to deviations
• Participate in balance sheet discussions ensuring all Benefits related (i.e. pension, defined contribution, etc.) balances are appropriately recorded
• Approve journal entries and significant account reconciliations
• Supervise and coach direct reports and create positive working environment, enhancing cross-training and employee development

Diversity & Inclusion / EEO

The Novartis Group of Companies are Equal Opportunity Employers and take pride in maintaining a diverse environment. We do not discriminate in recruitment, hiring, training, promotion or other employment practices for reasons of race, color, religion, gender, national origin, age, sexual orientation, gender identity or expression, marital or veteran status, disability, or any other legally protected status. We are committed to building diverse teams, representative of the patients and communities we serve, and we strive to create an inclusive workplace that cultivates bold innovation through collaboration and empowers our people to unleash their full potential.

Minimum Requirements

• Bachelor’s Degree in Accounting and/or Finance preferred
• CPA is preferred
• Advanced Degree in Accounting and/or Finance is a plus

• Minimum of 8+ years’ experience for a major company or division of a large corporation
• Big 4 audit background is desired
• Demonstrated ability to apply IFRS accounting practices within employee benefits strongly preferred
• Strong critical thinking and problem-solving skills

The ideal location for this role is East Hanover, NJ but remote work may be possible (there may be some exceptions based on legal entity registration). Please note that this role may not provide relocation as a result. If associate is remote, all home office expenses and any travel/lodging to specific East Hanover site for periodic live meetings will be at the employee’s expense. The expectation of working hours and travel (domestic and/or international) will be defined by the hiring manager

Why consider Novartis?

We believe the answers are found when curious, courageous and collaborative people like you are brought together in an inspiring environment. Where you’re given opportunities to explore the power of digital and data. Where you’re empowered to risk failure by taking smart risks, and where you’re surrounded by people who share your determination to tackle the world’s toughest medical challenges.

Imagine what you could do at Novartis!
East Hanover, NJ
Audit & Finance
Full Time
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Director, Compensation & Employee Benefits Accounting

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