US-TX, Technical Accounting Specialist 202664BR_1502468990-MZ
|Novartis is recruiting for a Technical Accounting Specialist. This position will be located in Fort Worth, TX. |
A global healthcare leader, Novartis has one of the most exciting product pipelines in the industry today. A pipeline of innovative medicines brought to life by diverse, talented, performance driven people. All of which makes us one of the most rewarding employers in our field. We're committed to peak performance, improving the quality of life, and embracing and leveraging diverse backgrounds, cultures and talents to achieve competitive advantage.
The Technical Accounting Specialist will be responsible for assisting the Heads FRA Operations Technical Accounting and Consolidation and Reporting in ensuring accounting compliance with IFRS; reviewing potential BD&L and M&A deals for optimal accounting treatment, and assisting in the financial due diligence on these transactions; monthly analysis/review of financial statements, including balance sheet, cash flows, summary of intangible assets, and other income and expense; providing assistance in the quarterly and annual intangible impairment review/testing procedures; maintaining Sarbanes-Oxley Act processes for FRA Operations divisions' global controls; and various monthly/quarterly reporting activities for the FRA Operations divisions; providing accounting / reporting support as SPOC for identified division, function, region, and for identified area/s of technical accounting.
Responsible for accounting compliance with IFRS as interpreted by Group and includes assisting the Head of FRA Ops TA in the following:
•Monitoring developments in IFRS and US GAAP and setting accounting policies for FRA Operations divisions in conjunction with Group and communicating these policies to the local entities, FRA Operations divisions, Business Units (BU’s), and functions etc.
•Investigating financial accounting policy issues and recommending and implementing actions as appropriate.
•Providing technical accounting support to local entities, regions and functions (in line with the responsibility matrix) for complex / significant matters, preparing / reviewing appropriate accounting documentation (Accounting Position Paper) in line with matrix for approval of accounting issues.
•Responsibility for impairment reviews (critical review of data provided by other functions, challenging assumptions, meeting with business partners, preparation of supporting documentation, coordination of reviews by Group FRA and PwC and following up on any review issues).
•Reviewing potential Business, Development & Licensing (BD&L) for FRA Operations divisions' deals in order to assess the accounting treatment under IFRS, preparation of accounting documentation for the deals / review and sign off of accounting documentation.
•Reviewing potential acquisitions, to provide the M&A team with input on any accounting implications, preparing purchase price accounting and relevant acquisition models for completed FRA Operations divisional acquisitions, obtaining appropriate sign offs as required under Sarbanes-Oxley.
• Responsible for assisting the Head of FRA Operations TA in maintaining the various requirements of the Sarbanes-Oxley Act for the FRA Operations divisions in conjunction with established processes.
• Responsible for analysing the FRA Operations divisions' and balance sheet, cash flow, other operating income and expense, intangible assets and provisions, and other elements associated with the specific activities of functions supported by FRA Operations TA (including product costing and development) and driving improvements in the process and presentation of the output. Rolling out improvements in the process and documentation to the Regions and local entities as appropriate.
• Updating the accounting content of FRA Operations divisions' manuals and BD&L manuals.
University degree, preferably in Accounting, together with professional qualification (CA or CPA)
Minimum of 5 years of progressive accounting experience with at least 4 years of public accounting experience in accounting and auditing and with 1 or more years of manager responsibility on Securities and Exchange Commission engagements.
Job experience must include preparation or auditing of consolidated financial statements and SEC reports, accounting research responsibilities
Experience with International Financial Reporting Standards preferred.
Position will be filled commensurate with experience.
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