What are the responsibilities and job description for the Manager - Financial Reporting and Controlling position at Novo Nordisk?

About the Department

The Finance, Insights & Enterprise Solutions department brings insights and intelligence to inform decision making & drives digitalization and business solutions to attain NNI goals. Finance, Insights & Enterprise Solutions works closely across the organization to guide enterprise-wide resource allocations, investment choices, drive core operations and develop insights to drive growth and operational excellence across the value chain while innovating for future capabilities. Our focus on innovation ensures we're constantly building future capabilities. We're responsible for regulating accounting, upholding workplace safety, managing our supply chain and sampling, supporting technological and data innovation, insights and analytics, delivering patient support solutions, maintaining our facilities and assuring the integrity and completeness of all business transactions. At Novo Nordisk, you will have the opportunity to build a life-changing career in a global business environment. We encourage our employees to make the most of their talent, and we reward hard work and dedication with opportunities for continuous learning and personal development. Are you ready to maximize your potential with us?

The Position

To effectively support and manage the financial close process of Novo Nordisk Inc. and other legal entities under the commercial sales & marketing arm of the Novo Nordisk U.S. business. The position will focus on maintaining House in Order by ensuring compliance with Sarbanes Oxley and Novo Nordisk Corporate Accounting guidelines in accordance with IFRS regulations.

Relationships

Reports to the Associate Director of Accounting at Novo Nordisk Inc. As part of the NNI Finance team, the manager will business partner with budget controllers (FP&A) and other key stakeholders across various operational areas. The position will also interact with personnel in Corporate Accounting based in Denmark and build relationships with shared service team based in Bangalore, India. Other key r0elationships include internal and external auditors, and government agencies.

Essential Functions

Financial close process

Independently manages a fast month-end closing process and effectively coordinate preparation and submission of all deliverables in a timely without any accounting issues

Accountable for the preparation and presentation of year-end financials (balance sheet, income statement reviews and supplementary information) to the SVP of Finance & Operations and VP of Finance and Supply Chain prior to submission to Danish HQ

Explain accounting and budget implications of business transactions to stakeholders across various operational areas

Help with post-acquisition integration and management of financial records of newly acquired entities

Proactively identify, recommend and execute upon issues and / or process efficiency opportunities

Provide monthly status reports on closing process to the Associate Director of Accounting, the Senior Director of Accounting and the VP of Finance and Supply Chain

Guide the Senior Accountant and Global Shared Service team of 3-4 individuals to ensure all deliverables are met

Interfaces with cost center managers and Lines of Business (LoB) to make recommendation on SAP accesses and cost center hierarchy set up

Technical accounting and Sarbanes Oxley compliance

Undertake complex accounting assignments involving revenue recognition, gross-to-net, leases and other topics. Ensure significant accounting issues are discussed and timely resolved

Develops guidelines and implements new processes for compliance with the current and new GAAP or International Financial Reporting Standards (IFRS). Coordinates US response and recommendation for implementation to corporate (HQ) accounting teams as needed

Responsible for the execution and periodic updates of accounting-related control activities

Partners with the financial compliance group to ensure an efficient internal control set-up exists and is adhered

Engages internal and external auditors in discussion regarding relevant audit findings or recommendations and remediates as needed

Own and manage testing of local owned systems – SAP and Web

Benefit audits

Coordinates annual pension audit process, drives alignment and coordination between external auditors and internal teams regarding the identification and impact assessment of new regulatory issues and the planning of audit timing and milestones. Leads cross functional teams at Novo Nordisk Inc (NNI) and other US Affiliates to ensure pension audit requirements and deadlines are met

Prepares and reviews financial statements and footnotes for U.S. and Puerto Rico Pension and Benefit Plans

Reports out to Retirement Committee members on pension audit results and presents audit results, findings, and recommendations to the SVP of Finance and Operations

Other

Perform ad-hoc projects as needed to assist the Sr. Director of Accounting and / or other members of the finance management

Provide budget inputs and guidance to line of business and Financial Planning and Analysis team during the anchor budget and rolling estimate cycles

Coordinate and consolidate financial information from NNUS for filing of mandatory financial reporting with various US government agencies

Physical Requirements

0-10% overnight travel required.

Qualifications

Bachelor's degree in Accounting or Finance from an accredited institution required

Certified Public Accountant or equivalent is preferred

5 years relevant experience in Audit, Accounting and / or Financial Reporting

Candidates coming out of the Big 4 (PwC, Deloitte, KPMG, E&Y) or with some Big 4 experience strongly preferred

Pharma and prior leadership experiences are helpful

Experience working within a large ERP system environment, SAP experience a plus

Strong knowledge on accounting controls and processes in ERP environment

Action-Oriented - a do what it takes mindset and positive attitude

Commitment to Quality - dedicated to providing the highest quality services to internal and external customers; demonstrates attention to detail and skill at auditing to ensure accuracy

Communication - demonstrates excellent written, verbal, and active listening skills

Customer Focus - Has the mindset to service Internal and External Customers and provide highest level of support as possible

Process focus - adept at managing complex processes and identifying / implementing opportunities for improvement

Decision Quality - Makes good decisions based upon a mixture of analysis, wisdom, experience, and judgment

Flexibility - learns quickly when facing new problems; a relentless and versatile learner; open to change; experiments and will try anything to find solutions

Perseverance / Initiative - can think ahead and initiate next steps without being asked; pursues everything with energy, drive and a need to finish; seldom gives up before finishing a difficult or cumbersome project

Team Approach - cooperates with everyone to achieve the overall business results; takes a team approach in resolving conflict

Time Management - uses time effectively; sets priorities in order to manage multiple projects with time sensitive deadlines

Technical Learning - Picks up on technical things quickly; can learn new skills and knowledge

Works within Company’s established policies and procedures and ensures alignment of work to Novo Nordisk Essentials

We commit to an inclusive recruitment process and equality of opportunity for all our job applicants.

At Novo Nordisk we recognize that it is no longer good enough to aspire to be the best company in the world. We need to aspire to be the best company for the world and we know that this is only possible with talented employees with diverse perspectives, backgrounds and cultures. We are therefore committed to creating an inclusive culture that celebrates the diversity of our employees, the patients we serve and communities we operate in. Together, we’re life changing.

Novo Nordisk is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, ethnicity, color, religion, sex, gender identity, sexual orientation, national origin, disability, protected veteran status or any other characteristic protected by local, state or federal laws, rules or regulations.

If you are interested in applying to Novo Nordisk and need special assistance or an accommodation to apply, please call us at 1-855-411-5290. This contact is for accommodation requests only and cannot be used to inquire about the status of applications.

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