Associate Director, Consolidations Accounting

Job Description

We are seeking a detail-oriented Associate Director of Consolidation Accounting, tasked with the role of overseeing the accurate and timely preparation of the Company’s consolidated financial statements in accordance with US GAAP standards. This pivotal position involves coordinating, preparing, and analyzing the financial data reported in the Annual Report as well as SEC filings, including the 10-Q and 10-K. The successful candidate will conduct thorough analyses of the consolidated Balance Sheet, Income Statement, Statement of Cash Flows, and accompanying Financial Footnote disclosures. The ideal candidate will engage with all global subsidiaries and headquarters teams to gain insights into the company's performance, thereby enhancing their business acumen for future opportunities.

Reporting directly to the Director of Consolidation Accounting, this role is integral to our financial management team.

Key Responsibilities:

• Lead the monthly financial close process by preparing and reviewing consolidation journal entries, including post-closing adjustments for various business divisions and legal entities.

• Conduct comprehensive analyses of financial statement accounts, providing insightful commentary on absolute figures and variances to support the accuracy of the consolidated Income Statement and Balance Sheet, ensuring strict adherence to US GAAP.

• Develop and assemble quarterly consolidated Balance Sheet and Income Statement review packages for presentation to Senior Management, highlighting critical financial insights and trends.

• Undertake the preparation and review of supplementary analyses and disclosures related to the Balance Sheet, Income Statement, Cash Flow statement, and other financial documentation.

• Collaborate closely with both domestic and international subsidiaries to advise on accounting treatments for non-routine transactions, facilitating a seamless integration of financial practices across the organization.

• Partner with various Divisional Finance Teams to ensure accurate analysis and presentation of financial results, alongside comprehensive variance commentary.

• Represent the Consolidation Accounting team in key acquisition, divestiture, and collaboration projects, ensuring appropriate accounting methodologies are applied.

• Champion continuous improvement initiatives aimed at enhancing efficiencies in financial reporting processes.

• Maintain compliance with established Finance policies and procedures, internal controls, and Sarbanes-Oxley (S404) requirements.

This position also includes the responsibility of managing and mentoring two Senior Analysts, fostering their professional development while strengthening the overall effectiveness of the team.

Position Qualifications:

Education Minimum Requirement:

• Undergraduate degree in Accounting

Required Experience and Skills:

• A minimum of 5 years of demonstrated experience in an accounting related role, internal audit or Big 4 public accounting

• Strong technical accounting, analytical and computer skills

• Ability to work under pressure to deliver high-quality results for specific deadlines

• Ability to work well independently, as well as a team player, and manage accounting projects

• Proficiency in Excel

• Understanding of the relationship between income statement, balance sheet and cash flow statement

• Understanding of translation of foreign entities’ financial statements to US Dollars, as well as principles of Consolidation Accounting.

• Solid leadership and managerial skills

• Highly developed organizational, analytical and communication skills and an ability to collaborate across areas

Preferred Experience and Skills

• CPA or MBA

• Working knowledge of Financial Consolidation and Close (FCCS) / SmartView

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We are an Equal Opportunity Employer, committed to fostering an inclusive and diverse workplace. All qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability status, or other applicable legally protected characteristics. For more information about personal rights under the U.S. Equal Opportunity Employment laws, visit:

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U.S. Hybrid Work Model

Effective September 5, 2023, employees in office-based positions in the U.S. will be working a Hybrid work consisting of three total days on-site per week, Monday - Thursday, although the specific days may vary by site or organization, with Friday designated as a remote-working day, unless business critical tasks require an on-site presence.This Hybrid work model does not apply to, and daily in-person attendance is required for, field-based positions; facility-based, manufacturing-based, or research-based positions where the work to be performed is located at a Company site; positions covered by a collective-bargaining agreement (unless the agreement provides for hybrid work); or any other position for which the Company has determined the job requirements cannot be reasonably met working remotely. Please note, this Hybrid work model guidance also does not apply to roles that have been designated as “remote”.

The Company is required to provide a reasonable estimate of the salary range for this job in certain states and cities within the United States. Final determinations with respect to salary will take into account a number of factors, which may include, but not be limited to the primary work location and the chosen candidate’s relevant skills, experience, and education.

Expected US salary range:

Available benefits include bonus eligibility, long term incentive if applicable, health care and other insurance benefits (for employee and family), retirement benefits, paid holidays, vacation, and sick days. A summary of benefits is listed here.

San Francisco Residents Only: We will consider qualified applicants with arrest and conviction records for employment in compliance with the San Francisco Fair Chance Ordinance

Los Angeles Residents Only: We will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws, including the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance

Search Firm Representatives Please Read Carefully
Merck & Co., Inc., Rahway, NJ, USA, also known as Merck Sharp & Dohme LLC, Rahway, NJ, USA, does not accept unsolicited assistance from search firms for employment opportunities. All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for this position will be deemed the sole property of our company. No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre-existing agreement is in place. Where agency agreements are in place, introductions are position specific. Please, no phone calls or emails.

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Job Posting End Date:

• A job posting is effective until 11:59:59PM on the day BEFORE the listed job posting end date. Please ensure you apply to a job posting no later than the day BEFORE the job posting end date.
  

Requisition ID:R331117