What are the responsibilities and job description for the Associate Director, Accounting & Financial Transactions position at BioSpace?
About The Department
The Finance & Operations department brings insights and intelligence to inform decision making & drives digitalization and business solutions to attain NNI goals. Finance & Operations 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, maintaining our facilities and assuring the integrity and completeness of all business transactions. At Novo Nordisk, you will have the opportunity to build a 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
Responsible for managing financial close process, general accounting, and management of financial transaction processes (A/P, A/R and expense management) for Novo Nordisk Inc (NNI) and other US Commercial legal entities in accordance with International Financial Reporting Standards (IFRS), US Generally Accepted Accounting Principles (GAAP) and Novo Nordisk AS (NNAS) accounting guidelines. As such, this position will: Maintain strong accounting policies with emphasis on revenue recognition and treatment of gross to net elements, Oversee financial close process of the Commercial entities and support R&D affiliates, Ensure strong internal control environment relative to timely and accurate execution of financial transaction processes and activities, Collaborate with stakeholders to execute finance initiatives, Promote cross-functional collaboration and connecting Finance across the organization & Build organizational capabilities.
Relationships
Reports to the USO Head of Accounting – Director and manages a team of five: Senior Manager of Financial Reporting & Controlling, Senior Manager of Financial Transactions, Accounts Payable & Expense Management Manager, Accounts Receivables & Credit Management Manager & Senior Analyst, Customer Service.
Essential Functions
General
Bringing financial accounting expertise and strong experience leading practices to engagements
Serving as a valued advisor and partner to senior management by providing influential counsel regarding essential functionsFinancial Accounting
Oversee and execute the financial closing process of NNI, and other US Commercial legal entities. Ensures consistent delivery of timely and accurate reporting of results internally within Novo Nordisk, to external agencies as required
Ensures that all relevant transactional processes can consistently produce accurate information in support of financial reporting in accordance with IFRS, US GAAP and Novo Nordisk corporate policy
Responsible for the development of accounting policy and procedures. Provides input to Corporate Finance and Accounting on material unique technical financial reporting issues relevant to the US operation
Ensures a strong emphasis on appropriate revenue recognition and other complex accounting treatment areas such as deferred compensation, factoring and lease accounting. Provides input and influence concerning Novo Nordisk global systems
Fosters a relationship with Deloitte based on strong technical acumen, integrity, and professionalism
Reviews and prepares accounting memos on all key contracts of the organization, including telehealth, direct-to-ship, subscription models and consignment partnerships. Collaborates with Legal and Line of Business on deals of financial significance providing feedback concerning financial, operational and internal accounting control consequences
Support mergers and acquisitions activity through successful integration during pre- and post-acquisition period
Supports the coordination of Service Level Agreements with NNI internal stakeholders and related entities
Ensures that data in finance systems is structured to deliver relevant level of transparency in an effective and efficient way
Prepares and presents financial statements and other materials as requested for Board of Directors meetings for NNI and other US legal entities
Prepare and drive the timely and accurate completion of annual MPP and 401k financial statement auditsFinancial Transactions
Lead daily operations for accounts payable, trade receivables, and employee expense management, ensuring timely and accurate processing of all financial transactions
Oversee trade receivables, including NNI TR factoring program, customer invoicing, cash application, credit management, and collections including resolution of wholesaler deductions
Oversee A/P processing, including vendor onboarding, invoice approvals, payment runs, and compliance with payment terms
Ensure accurate journal entries and account reconciliations related to A/P and A/R
Partner with IT and finance systems teams to optimize ERP (S4/Hana) functionality and resolve system issues
Drive standardization of processes across business units or legal entities
Supervise expense management, ensuring adherence to corporate policies, timely reimbursements, and proper documentationPeople development
Empower team and ensure that reporting personnel have individual development plans (IDP), with annual goals and measurements that are consistent with the priorities of the business
Ensure that the IDP forms include completed learning and aspiration plans and are in place for all reporting personnel to enable the achievement of goals and capability to assume increased levels of responsibility
Manage the application and communication of all Novo Nordisk policies, procedures, and Novo Nordisk Way
Physical Requirements
0-10% overnight travel required.
Development of People
Supervisory. Ensure that reporting personnel have individual development plans (IDP), with annual goals and measurements that are consistent with the priorities of the business, and that interim reviews are held so that their work is focused on those priorities, and they understand their level of accountability for results and the measurement process. Ensure that the IDP forms include completed learning and aspiration plans and are in place for all reporting personnel to enable the achievement of goals and capability to assume increased levels of responsibility. Manage the application and communication of all Novo Nordisk policies, procedures, and Novo Nordisk Way.
Qualifications
Bachelors Degree and CPA required
At least 7 years experience in financial accounting and reporting with significant experience/exposure to public accounting and auditing
A minimum of three years pharmaceutical industry experience strongly preferred
A minimum of three years supervisory experience required
Skilled in analytical methods and techniques
Strong knowledge of technical accounting rules with ability to interpret and articulate same to Senior Management and staff
Experienced working within a large-scale ERP environment and with the implementation of new systems and processes
Proactive business partnering and continuous improvement mindset
Provides high energy and is driven to complete initiatives and projects
Strong focus on process and structured workflows
Strong stakeholder management skills and ability to influence senior stakeholders. Manages multiple internal relationships at all levels of the business. Strong interface with senior level management concerning matters of importance to the company
Strong ability to understand and define stakeholder information needs and translate these into clear actions
Strong communication abilities, and ability to create clear and simple presentations in high quality
Strong ability to condense complicated data into a simple message or format
Ability and drive to develop a cross collaborative unit
Displays an ability to understand and make decisions with a senior mindset
High integrity
Idea-generator with ability to facilitate idea-generation across functions
Ability to utilize time effectively, and sets priorities to manage multiple projects with sensitive deadlines
Pharmaceutical industry experience preferred
The base compensation range for this position is $152,700 to $267,300. Base compensation is determined based on a number of factors. This position is also eligible for a company bonus based on individual and company performance.
Novo Nordisk offers long-term incentive compensation and or company vehicles depending on the position's level or other company factors.
Employees are also eligible to participate in Company employee benefit programs including medical, dental and vision coverage; life insurance; disability insurance; 401(k) savings plan; flexible spending accounts; employee assistance program; tuition reimbursement program; and voluntary benefits such as group legal, critical illness, identity theft protection, pet insurance and auto/home insurance. The Company also offers time off pursuant to its sick time policy, flex-able vacation policy, and parental leave policy.
We commit to an inclusive recruitment process and equality of opportunity for all our job applicants.
At Novo Nordisk, we're not chasing quick fixes – we're creating lasting change for long-term health. For over 100 years, we've been driven by a single purpose: to defeat serious chronic diseases and help millions of people live healthier lives. This dedication fuels our constant curiosity and inspires us to push the boundaries of what's possible in healthcare. We embrace diverse perspectives, seek out bold ideas, and build partnerships rooted in shared purpose. Together, we're making healthcare more accessible, treating and defeating diseases, and pioneering solutions that create change spanning generations. When you join us, you become part of something bigger – a legacy of impact that reaches far beyond today.
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.
The Finance & Operations department brings insights and intelligence to inform decision making & drives digitalization and business solutions to attain NNI goals. Finance & Operations 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, maintaining our facilities and assuring the integrity and completeness of all business transactions. At Novo Nordisk, you will have the opportunity to build a 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
Responsible for managing financial close process, general accounting, and management of financial transaction processes (A/P, A/R and expense management) for Novo Nordisk Inc (NNI) and other US Commercial legal entities in accordance with International Financial Reporting Standards (IFRS), US Generally Accepted Accounting Principles (GAAP) and Novo Nordisk AS (NNAS) accounting guidelines. As such, this position will: Maintain strong accounting policies with emphasis on revenue recognition and treatment of gross to net elements, Oversee financial close process of the Commercial entities and support R&D affiliates, Ensure strong internal control environment relative to timely and accurate execution of financial transaction processes and activities, Collaborate with stakeholders to execute finance initiatives, Promote cross-functional collaboration and connecting Finance across the organization & Build organizational capabilities.
Relationships
Reports to the USO Head of Accounting – Director and manages a team of five: Senior Manager of Financial Reporting & Controlling, Senior Manager of Financial Transactions, Accounts Payable & Expense Management Manager, Accounts Receivables & Credit Management Manager & Senior Analyst, Customer Service.
Essential Functions
General
Bringing financial accounting expertise and strong experience leading practices to engagements
Serving as a valued advisor and partner to senior management by providing influential counsel regarding essential functionsFinancial Accounting
Oversee and execute the financial closing process of NNI, and other US Commercial legal entities. Ensures consistent delivery of timely and accurate reporting of results internally within Novo Nordisk, to external agencies as required
Ensures that all relevant transactional processes can consistently produce accurate information in support of financial reporting in accordance with IFRS, US GAAP and Novo Nordisk corporate policy
Responsible for the development of accounting policy and procedures. Provides input to Corporate Finance and Accounting on material unique technical financial reporting issues relevant to the US operation
Ensures a strong emphasis on appropriate revenue recognition and other complex accounting treatment areas such as deferred compensation, factoring and lease accounting. Provides input and influence concerning Novo Nordisk global systems
Fosters a relationship with Deloitte based on strong technical acumen, integrity, and professionalism
Reviews and prepares accounting memos on all key contracts of the organization, including telehealth, direct-to-ship, subscription models and consignment partnerships. Collaborates with Legal and Line of Business on deals of financial significance providing feedback concerning financial, operational and internal accounting control consequences
Support mergers and acquisitions activity through successful integration during pre- and post-acquisition period
Supports the coordination of Service Level Agreements with NNI internal stakeholders and related entities
Ensures that data in finance systems is structured to deliver relevant level of transparency in an effective and efficient way
Prepares and presents financial statements and other materials as requested for Board of Directors meetings for NNI and other US legal entities
Prepare and drive the timely and accurate completion of annual MPP and 401k financial statement auditsFinancial Transactions
Lead daily operations for accounts payable, trade receivables, and employee expense management, ensuring timely and accurate processing of all financial transactions
Oversee trade receivables, including NNI TR factoring program, customer invoicing, cash application, credit management, and collections including resolution of wholesaler deductions
Oversee A/P processing, including vendor onboarding, invoice approvals, payment runs, and compliance with payment terms
Ensure accurate journal entries and account reconciliations related to A/P and A/R
Partner with IT and finance systems teams to optimize ERP (S4/Hana) functionality and resolve system issues
Drive standardization of processes across business units or legal entities
Supervise expense management, ensuring adherence to corporate policies, timely reimbursements, and proper documentationPeople development
Empower team and ensure that reporting personnel have individual development plans (IDP), with annual goals and measurements that are consistent with the priorities of the business
Ensure that the IDP forms include completed learning and aspiration plans and are in place for all reporting personnel to enable the achievement of goals and capability to assume increased levels of responsibility
Manage the application and communication of all Novo Nordisk policies, procedures, and Novo Nordisk Way
Physical Requirements
0-10% overnight travel required.
Development of People
Supervisory. Ensure that reporting personnel have individual development plans (IDP), with annual goals and measurements that are consistent with the priorities of the business, and that interim reviews are held so that their work is focused on those priorities, and they understand their level of accountability for results and the measurement process. Ensure that the IDP forms include completed learning and aspiration plans and are in place for all reporting personnel to enable the achievement of goals and capability to assume increased levels of responsibility. Manage the application and communication of all Novo Nordisk policies, procedures, and Novo Nordisk Way.
Qualifications
Bachelors Degree and CPA required
At least 7 years experience in financial accounting and reporting with significant experience/exposure to public accounting and auditing
A minimum of three years pharmaceutical industry experience strongly preferred
A minimum of three years supervisory experience required
Skilled in analytical methods and techniques
Strong knowledge of technical accounting rules with ability to interpret and articulate same to Senior Management and staff
Experienced working within a large-scale ERP environment and with the implementation of new systems and processes
Proactive business partnering and continuous improvement mindset
Provides high energy and is driven to complete initiatives and projects
Strong focus on process and structured workflows
Strong stakeholder management skills and ability to influence senior stakeholders. Manages multiple internal relationships at all levels of the business. Strong interface with senior level management concerning matters of importance to the company
Strong ability to understand and define stakeholder information needs and translate these into clear actions
Strong communication abilities, and ability to create clear and simple presentations in high quality
Strong ability to condense complicated data into a simple message or format
Ability and drive to develop a cross collaborative unit
Displays an ability to understand and make decisions with a senior mindset
High integrity
Idea-generator with ability to facilitate idea-generation across functions
Ability to utilize time effectively, and sets priorities to manage multiple projects with sensitive deadlines
Pharmaceutical industry experience preferred
The base compensation range for this position is $152,700 to $267,300. Base compensation is determined based on a number of factors. This position is also eligible for a company bonus based on individual and company performance.
Novo Nordisk offers long-term incentive compensation and or company vehicles depending on the position's level or other company factors.
Employees are also eligible to participate in Company employee benefit programs including medical, dental and vision coverage; life insurance; disability insurance; 401(k) savings plan; flexible spending accounts; employee assistance program; tuition reimbursement program; and voluntary benefits such as group legal, critical illness, identity theft protection, pet insurance and auto/home insurance. The Company also offers time off pursuant to its sick time policy, flex-able vacation policy, and parental leave policy.
We commit to an inclusive recruitment process and equality of opportunity for all our job applicants.
At Novo Nordisk, we're not chasing quick fixes – we're creating lasting change for long-term health. For over 100 years, we've been driven by a single purpose: to defeat serious chronic diseases and help millions of people live healthier lives. This dedication fuels our constant curiosity and inspires us to push the boundaries of what's possible in healthcare. We embrace diverse perspectives, seek out bold ideas, and build partnerships rooted in shared purpose. Together, we're making healthcare more accessible, treating and defeating diseases, and pioneering solutions that create change spanning generations. When you join us, you become part of something bigger – a legacy of impact that reaches far beyond today.
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.
Salary : $152,700 - $267,300