Job description
Novartis protects 750 million patients and employs more than 100,000 employees in over 140 countries!
The Manager Reporting role in the US Product Cost Accounting (PCA) team is responsible for overseeing the accounting and reporting activities for Innovative Medicines (RUS014), AAA (RUS469), Novartis Technlogies LLC (RUS483), The Medicines Company (RUS526), and other acquisitions as they occur. Specific responsibilities would include being the “Subject Matter Ex-pert” for all PCA R2R ERP systems (SAP: PEP) and reporting tools (NPMR, FCRS, IBI, BPC, etc). Responsibilities would also include but not be limited to: Month-end closings, financial reporting, balance sheet review / reconciliations.
Works collaboratively with Divisional FRA teams, Global FRA, Global C&R, and NOCC Mexico with respect to inventory and PCA related accounting and reporting activities.
The pay range for this position at commencement of employment is expected to be between $97,600 and $/146,400 year; however, base pay offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. The total compensation package for this position may also include other elements, including a sign-on bonus, restricted stock units, and discretionary awards in addition to a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment. If hired, employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.
The Manager Reporting role in the US Product Cost Accounting (PCA) team is responsible for overseeing the accounting and reporting activities for Innovative Medicines (RUS014), AAA (RUS469), Novartis Technlogies LLC (RUS483), The Medicines Company (RUS526), and other acquisitions as they occur. Specific responsibilities would include being the “Subject Matter Ex-pert” for all PCA R2R ERP systems (SAP: PEP) and reporting tools (NPMR, FCRS, IBI, BPC, etc). Responsibilities would also include but not be limited to: Month-end closings, financial reporting, balance sheet review / reconciliations.
Works collaboratively with Divisional FRA teams, Global FRA, Global C&R, and NOCC Mexico with respect to inventory and PCA related accounting and reporting activities.
- Leadership position in the PCA Accounting & Reporting team responsible for divisional ac-counting issues including: select technical accounting, month-end closings, financial reporting, balance sheet review / reconciliations and liaison with internal and external auditors.
- Subject Matter Expert for ERP related systems (SAP: PEP).
- Subject Matter Expert for reporting tools (NPMR, FCRS, IBI, BPC, etc.).
- Lead month end closing reporting process ensuring high quality financial statement footnote disclosures, highly accurate management reporting results and refines process for efficiency.
- Technical accounting summaries and applying observations to operational issues in compliance with International Accounting Standards (IAS) and the Novartis Accounting Manual (NAM).
- Interact proactively with functional areas in the IM division and Group to ensure appropriate PCA accounting and financial reporting is accomplished.
- Assist with product costing for US Innovative Medicines. Collaborate with Novartis Technical Operations (NTO) to ensure accuracy of pricing, plant, product status as well as timeliness to support key product launches.
- Be a subject matter expert on NPMR, Novartis’ primary inventory reporting tool. Ensure the proper preparation and reporting of all NPMR submissions during the month and month end.
- Prepare or review Inventory Balance Sheet Review Packages for IM entities.
- Complete and review PCA account analysis and account reconciliations.
- Prepare balances related to capitalized inventory such as Purchase Price Variance (PPV) and Revaluation/Devaluations of inventory based on price changes.
- Review intercompany inventory movement accounts such as Goods in Transit and GR/IR. This also entails monitoring price changes with other Novartis entities to avoid variances or creating journal entries to correct differences.
- Prepare FCRS reporting schedules related to inventory to ensure accuracy for external disclosure purposes.
- Readiness to assist with any projects as well as a process improvement mindset that is always looking for a way to work smarter.
- Readiness and technical skillset to support LDC go-live activities in US PCA.
- Collaborate with key stakeholders, including divisional business colleagues, both internal and external accounting authorities/auditors, and Division and Group Financial Reporting and Accounting, NGSC in Mexico, and ensure appropriate communication with these stakeholders when questions regarding accounting/reporting matters arise.
- Ensure all processes performed comply with Novartis standards and policies (i.e. global processes, Novartis Accounting Manual, Novartis Financial Controls Manual, Management Authorization Levels, etc.).
The pay range for this position at commencement of employment is expected to be between $97,600 and $/146,400 year; however, base pay offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. The total compensation package for this position may also include other elements, including a sign-on bonus, restricted stock units, and discretionary awards in addition to a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment. If hired, employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.
EEO Statement
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
- Bachelors Degree in Business Administration/ Economics/Finance or related field.
- MBA is preferred.
- Certified Public Accountant (CPA), CMA, or Chartered Accountant is preferred.
- Lean/ Six Sigma Certification is preferred.
- 5+ years of related Financial experience, with in-depth functional expertise
- Demonstrated ability to work effectively in accounting & reporting focused roles
- Previous experience in managing Financial Services
- Solid depth and expertise in SAP knowledge required
- Expertise in FCRS, IBI, BPC, and strong Excel skills
- Strong process design experience with demonstrated ability to organize high volume and complexity of activities into streamlined process
- Comprehensive knowledge of IFRS (GAAP), accounting financial reporting requirements
- Experience in managing projects driving performance (e.g. ERP implementation)
- Good people skills, leadership exposure
- Strong communications skills
Why Novartis?
766 million lives were touched by Novartis medicines in 2021, and while we’re proud of this, we know there is so much more we could do to help improve and extend people’s lives.
We believe new insights, perspectives and ground-breaking solutions can be found at the intersection of medical science and digital innovation. That a diverse, equitable and inclusive environment inspires new ways of working.
We believe our potential can thrive and grow in an unbossed culture underpinned by integrity, curiosity and flexibility. And we can reinvent what's possible, when we collaborate with courage to aggressively and ambitiously tackle the world’s toughest medical challenges. Because the greatest risk in life, is the risk of never trying!
Imagine what you could do here at Novartis!
Commitment to Diversity & Inclusion:
Novartis is committed to building an outstanding, inclusive work environment and diverse team’s representative of the patients and communities we serve.
Join our Novartis Network: If this role is not suitable to your experience or career goals but you wish to stay connected to hear more about Novartis and our career opportunities, join the Novartis Network here: https://talentnetwork.novartis.com/network
Accessibility and reasonable accommodation
The Novartis Group of Companies are committed to working with and providing reasonable accommodation to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the application process, or in order to perform the essential functions of a position, please send an e-mail to tas.nacomms@novartis.com call +1 (877) 395-2339 and let us know the nature of your request and your contact information. Please include the job requisition number in your message.
Vaccine Policy (customer-facing roles only): While Novartis does not require vaccination for Covid-19 or proof of a recent negative test result for Covid-19 at this time, employees working in customer-facing roles must adhere to and comply with customers’ (such as hospitals, physician offices, etc.) credentialing guidelines, which may require vaccination. As required by applicable law, Novartis will consider requests for reasonable accommodation for those unable to be vaccinated. This requirement is subject to applicable state and local laws and may not be applicable to employees working in certain jurisdictions. Please send accommodation requests to Eh.occupationalhealth@novartis.com
https://www.novartis.com/careers/careers-research/notice-all-applicants-us-job-openings
Division
CTS
Business Unit
FRA OPERATIONS NBS
Country
USA
Work Location
East Hanover, NJ
Company/Legal Entity
Novartis Corporation
Functional Area
Audit & Finance
Job Type
Full Time
Employment Type
Regular
Shift Work
No
Early Talent
No
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