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Senior Finance Director, Global Technical Accounting Advisory Services & Policy
Johnson & Johnson
New Brunswick, NJ, United States
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Johnson & Johnson is recruiting for a Senior Finance Director, Global Technical Accounting Advisory Services & Policy located in New Brunswick, NJ.
Caring for the world, one person at a time has inspired and united the people of Johnson & Johnson for over 125 years. We embrace research and science -- bringing innovative ideas, products and services to advance the health and well-being of people. Employees of the Johnson & Johnson Family of Companies work with partners in health care to touch the lives of over a billion people every day, throughout the world.
With $76.5 billion in 2017 sales, Johnson & Johnson is the world's most comprehensive and broadly based manufacturer of health care products, as well as a provider of related services, for the consumer, pharmaceutical, and medical devices and diagnostics markets. There are more than 265 Johnson & Johnson operating companies employing approximately 126,500 people and with products touching the lives of over a billion people every day, throughout the world.
Thriving on a diverse company culture, celebrating the uniqueness of our employees and committed to inclusion. Proud to be an equal opportunity employer.
The Senior Finance Director, Global Technical Accounting Advisory Services & Policy will lead, direct and advise on US GAAP and J&J’s worldwide policies and procedures interpretations, related to the financial accounting and reporting. He/she will also provide other technical financial accounting guidance to be applied to significant financial transactions that are brought forward from the business. The incumbent will also be responsible to understand current financial accounting and reporting processes that includes the financial accounting implications to complex deal structures to ensure they are aligned with overall Company Financial policies. He/she will also advise on the proper disclosure requirements for our SEC filings and public filings.
Key Responsibilities:
• Key business partner for local finance and business teams providing guidance to ensure complex business transactions supporting regional strategies are accounted and reported properly in accordance with world- wide procedures. The projects can cover a wide range of accounting topics and policy matters as well as providing general accounting and reporting guidance to the regional GFS centers.
• Leadership of the in advising the development of GAAP financial statements & financial footnote information in support of our SEC filings.
• Leads the preparation of the quarterly and annual disclosure checklist to ensure all technical disclosure requirements are documented and addressed either qualitatively or quantitatively.
• Monitor and ensure timely identification and compliance with evolving Securities and Exchange Commission reporting guidance primarily governed under rules SX and SK but also apply applicable US GAAP interpretations to our public disclosures and document reporting positions in a clear, comprehensive manner.
• Key contact and intermediary along with local finance and business when interfacing with the external/internal auditors to ensure that all business transactions are aligned with both U.S. GAAP and internal Company policy.
• Provide financial oversight, advisement and application of carve-out accounting financials statement methodologies consistent with Worldwide Procedures and SEC regulations and to ensure alignment with independent auditors.
• An excellent knowledge of US GAAP and SEC rules and regulations is required combined with the ability to research and propose company positions on complex accounting issues.
• Provide technical accounting and policy guidance to the various disciplines within the Region which can include Tax, Treasury, Business Development, Regional Global Services, L&A, Internal Audit and Supply Chain Finance teams among others. Ensure not only the technical aspects of guidance are provided but also work with teams to ensure the linkage is made operationally to ensure guidance provided is applied appropriately.
• Develop and provide training when necessary and work with local finance and regional business partners to educate on new accounting guidance issued by regulators. He/she will also provide refresher training on Worldwide Policies or other technical accounting and reporting matters especially in areas that may be challenging for teams to understand and consistently apply. Specific examples might include:
◦ Revenue Recognition –new accounting
◦ Business Combinations and Divestitures
◦ Licensing Arrangements – R&D accounting,
◦ Business Restructuring –Support the local financial to ensure proper US GAAP treatment of exit activities
◦ Financial Instruments, Currency matters and Hedging Transactions with Treasury
◦ PP&E Accounting
◦ Expense versus Prepaid accounting
◦ Other new guidance issued and released by accounting standards bodies
• Exercise a high level of independent judgment requiring the ability to anticipate, interpret agreement provisions, evaluate and resolve accounting related questions in the execution of transactions by acting as the main interface in representing Global Technical Accounting Advisory Service & Policy team for these types of special projects.
• This role is expected to have regular interaction with the following groups:
◦ Controllers Leadership Team, including Commercial Business Unit Finance Leaders, Treasury and Tax
◦ External peers with similar roles at other global companies and professional association groups
This role is expected to have regular interaction with the following groups:
◦ Controllers Leadership Team, including Commercial Business Unit Finance Leaders, Treasury and Tax
◦ External peers with similar roles at other global companies and professional association groups
Qualifications
• A minimum of a Bachelor's degree with a major in Accounting or Finance is required.
• A CPA or CMA is required.
• An MBA is a plus.
• A minimum of 10 years of accounting/finance experience is required.
• Individual must possess excellent analytical, conceptual, communication and business partnering skills.
• Individual must work well in a dynamic environment and be able to recommend and implement process improvements, work independently and handle multiple projects simultaneously.
• Prior experience with implementing process improvements is preferred
• Prior project management experiences preferred
• Requires advanced knowledge of technical accounting and related business applications.
• Prior people management experiences preferred
• Prior experience with SEC financial reporting required
• A technical financial compliance background is preferred.
• Strong knowledge/background of the following technical accounting areas is preferred: Revenue Recognition; Business Combinations and Divestitures; Licensing Arrangements – R&D accounting; Business Restructuring; Financial Instruments, Currency matters and Hedging Transactions; PP&E Accounting and Expense versus Prepaid accounting.
• Prior experience monitoring and ensuring timely identification and compliance with evolving accounting guidance, provide US GAAP interpretation and prepare technical memorandums that document issues in a clear, logical and comprehensive manner required
• Prior experience as a lead in providing measurable input and guidance to the business on special projects from a technical accounting perspective working and collaborating with cross functional teams in support of the successful completion of business transactions preferred.
• Ability to work in a fast-paced environment and manage well through ambiguity and complexity.
• Ability to execute and follow-through to completion and ensure key documentation requirements are met.
• Must be able to participate in external conferences with external peers to develop best practices in external reporting
• Approximately 25-30% travel (domestically/internationally) is required.
• Position will be located in New Brunswick, NJ.