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Vice President, Lead Divisional Controller


New York, NY
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Job Details

The Vice President Lead Divisional Controller will be responsible for working with senior stakeholders across the Finance and Business Operations Leadership Team (FBOLT) to focus on controllership integrity, including the accounting and reporting aspects and the increasing requirements and focus in this area. This role will be accountable for ensuring the integrity and accuracy of financial reporting results in compliance with Corporate Policy, US and Local GAAP and statutory requirements in conjunction with the various other stakeholders.

This position will be a key resource to the Controller and the FBOLT leadership in handling controllership, financial reporting and accounting issues as well as playing a role to support the many business initiatives we undertake. Among other responsibilities it will directly oversee all global divisional controller activities. As such, this role will contribute to overall strategy and manage complex issues with financial reporting and accounting implications and will ensure that the accounting procedures are robust, as well as drive consistent and effective accounting and control procedures. Moreover, this role provides a strong linkage of all global Finance organizations to enable best practices and a better overall oversight and monitoring process.

+ Sets the vision, goals and guiding principles for the divisional controllers function and has responsibility for ensuring strong controllership is maintained on a global basis.

+ Provides updates to the SVP and Controller and other stakeholders as necessary with respect to the status of the activities, key risks, issues, trends and action plans, in additional to proactive strategic direction to respond to changes in our operating environment.

+ Provides strategic guidance, mentors and directs Divisional Controller colleagues and where appropriate, other colleagues performing controllership activities.

+ Promotes a strong and practical accounting, risk awareness, compliance and control culture.

+ Manages and leads a heavily matrixed global team to ensure optimal business outcomes, talent acquisition and management, continuous improvement and successful delivery of activities.

+ Coordinates review and audit activities among Corporate Audit, GRCC and KPMG (external auditors) to ensure a coordinated effort for an efficient outcome for divisional controllers.

+ Responsible for coordinating the technical accounting and accuracy of financial reporting with the business and enabling functions and with the Technical Accounting, External Reporting and Consolidations groups of Controllers and initiating improvements to quality and efficiency.

+ Proactively provides timely guidance and expertise on accounting issues, guaranteeing compliance with GAAP, Corporate Policies, and local statutory requirements. Serves as a second-line resource (first line is with each of the area divisional controllers) for interpretation of US GAAP, Pfizer Accounting Policies and Procedures and other accounting-related questions and acts as a resource to the FBOLT in this capacity.

+ Engagement within Treasury operations to ensure financial processes applicable to financial instruments/derivative are in accordance with US GAAP

+ Prepares appropriate memoranda on various accounting and control issues to support internal processes as well as for external audit use.

+ Works with Divisional Controllers to resolve issues with the P&L and obtain explanations for balance sheet variances and support investigation into technical issues.

+ Works with the Technical Accounting Group to understand completed business development transactions and assists the business in implementing the necessary accounting.

+ Works with Divisional Controllers to advise Senior Finance leaders regarding complex financial accounting and reporting issues

+ Performs special analysis of major issues as required and recommend solutions to complex Controllership issues and technical accounting issues coordinating with Technical Accounting **Controls / Compliance**

+ Partners with Corporate Audit and Finance leaders to drive closure of open audit issues, and working proactively to prevent future issues/manage risk, and providing senior leaders with status updates as appropriate

+ Understands GRCC role and tracks progress of Sarbanes-Oxley (SOX) processes to comply with SOX . Provides oversight to remedy deficiencies found in controllership areas.

+ Ensures that the responsibilities of the markets, GFSS (Global Financial Shared Services) and NYHQ are clearly defined and actions are completed on a timely basis **Policy/Process**

+ Provides oversight to various teams to drive process consistency and efficiency

+ Interprets and implements Pfizer Accounting Policies and Procedures and U.S. Generally Accepted Accounting Principles with direction from the Corporate Controller. Drives consistent and effective policies and procedures during monthly/quarterly close process including account reconciliations, account reconciliation audits, Corporate Data Request submissions, representation letters and adjusting entries. Provides guidance to business on new standards.

+ Responsible for identifying and implementing control and process improvements, simplification measures and automation opportunities in financial processes in conjunction with other groups (e.g., GFSS) **Strategy/Planning**

+ Proactively identifies new accounting standards applicable to the business, participates in the analysis and develops appropriate implementation strategy for stakeholders

+ Works closely with Internal Audit, GRCC and Finance to assess and manage financial risk and when necessary, engages to ensure satisfactory remediation. To this end, the expectation is that he/she will lead divisional controllers in being proactive in assessing control issues and making changes before there are issues.

+ Works with business leaders to implement business and financial strategy in alignment with Corporate Policy, US GAAP, and local regulations

+ Ensures sharing of best practices across Finance by working with Divisional Controllers

+ Assists divisional controllers and business in providing guidance on initiatives such as restructuring, acquisitions, significant areas of accruals from an accounting perspective and ensures that external earnings measures and management reporting meets US GAAP/SEC requirements. **Leadership/Management**

+ Leads team of divisional controllers in a matrixed environment

+ Coaches, mentors and develops key talent within Finance

+ Provides management, oversight and direction for team

+ Leads various projects, manages change, and drives improvements in processes and controls

+ Ensures training on general accounting principles and changes in company policies is provided as needed


+ 15 + years of relevant work experience in an accounting/control environment (including at least 5 years in public accounting), including experience with risk identification, measurement and assessment, risk monitoring, reporting and escalation

+ Bachelor's degree in accounting from an accredited college or university. MBA / CPA strongly preferred

+ Significant and substantive technical understanding of accounting areas and knowledgeable enough to engage in discussions of accounting with the ability to implement within the workplace. Areas of understanding should include acquisitions, divestitures, impairments, pensions, restructuring, financial instruments and treasury operations.

+ Experience working with shared services organizations, particularly in the accounting area

+ Experience navigating a large, complex organization and managing stakeholder interests

+ Experience leading direct and matrixed teams.

+ Strong project management skills preferred with ability to drive issues to resolution

+ Ability to set strategic direction and apply best in class knowledge

+ Significant and substantive technical understanding of US GAAP and of complex accounting areas. Must be knowledgeable enough to engage in discussions of accounting with the ability to implement within the workplace. Areas of understanding should include acquisitions, divestitures, impairments, pensions, restructuring, financial instruments and treasury operations and financial statement reporting requirements and SEC reporting requirements. Must understand how to research accounting issues.

+ Strong understanding of key risk areas, including ICOFR

+ Knowledge of risk management, compliance and control frameworks (e.g., COSO) and concepts (e.g., risk and control identification, risk assessments, monitoring and reporting)

**Some travel required, up to 25%**

**7-9 direct reports, total staff of 23-24 including 8 international divisional controller colleagues**

**EEO & Employment Eligibility**

Pfizer is committed to equal opportunity in the terms and conditions of employment for all employees and job applicants without regard to race, color, religion, sex, sexual orientation, age, gender identity or gender expression, national origin, disability or veteran status. Pfizer also complies with all applicable national, state and local laws governing nondiscrimination in employment as well as work authorization and employment eligibility verification requirements of the Immigration and Nationality Act and IRCA. Pfizer is an E-Verify employer.

**Sunshine Act**

Pfizer reports payments and other transfers of value to health care providers as required by federal and state transparency laws and implementing regulations. These laws and regulations require Pfizer to provide government agencies with information such as a health care provider's name, address and the type of payments or other value received, generally for public disclosure. Subject to further legal review and statutory or regulatory clarification, which Pfizer intends to pursue, reimbursement of recruiting expenses for licensed physicians may constitute a reportable transfer of value under the federal transparency law commonly known as the Sunshine Act. Therefore, if you are a licensed physician who incurs recruiting expenses as a result of interviewing with Pfizer that we pay or reimburse, your name, address and the amount of payments made currently will be reported to the government. If you have questions regarding this matter, please do not hesitate to contact your Talent Acquisition representative.

**Other Job Details:**

+ **Last Date to Apply for Job:** 3/20/2018

Pfizer is an equal opportunity employer and complies with all applicable equal employment opportunity legislation in each jurisdiction in which it operates.
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