Sr. Accountant in Basking Ridge, NJ at DSI

Date Posted: 7/6/2020

Job Snapshot

Job Description

Join a Legacy of Innovation 110 Years & Counting!
With over 100 years of scientific expertise & a presence in more than 20 countries, Daiichi Sankyo & its 15,000 employees around the world draw upon a rich legacy of innovation & a robust pipeline of promising new medicines to help people. In addition to a strong portfolio of medicines for hypertension & thrombotic disorders, under the Group’s 2025 Vision to become a “Global Pharma Innovator with a Competitive Advantage in Oncology,” Daiichi Sankyo research & development is primarily focused on bringing forth novel therapies in oncology, including immuno-oncology, with additional focus on new horizon areas, such as pain management, neurodegenerative diseases, heart & kidney diseases, & other rare diseases.

Job Summary:
Perform all Accounting responsibilities as it relates to specific areas of responsibility including, but not limited to, journal entries, analysis, & policy implementation. Areas of responsibility will consist of a sub-section of the areas listed below & will include additional responsibilities specific to those areas.

Responsibilities:
Perform Monthly & Quarterly Accounting close responsibilities for respective areas:
  • Maintain thorough understanding of respective areas, including any relevant legal agreements to ensure accurate financial statement presentation
  • Develop two-way relationships with business partners in areas impacting your financial statement responsibilities & understand upcoming changes that will impact your areas
  • Proactively share knowledge & provide explanations to the financial charges/impact that is materially different from previous trends
  • Obtain relevant financial data & reporting from respective groups, analyze impact to financial statements
  • Prepare journal entries using SAP &/or Winshuttle for respective areas, ensuring appropriate support is included
Perform post-close reconciliations:
  • Reconcile respective General Ledger accounts to sub-accounts &/or supporting schedules/reports
  • Analyze balances & ensure accuracy of the General Ledger
  • Prepare any necessary subsequent month adjustments
  • Maintain clear documentation of the purpose of the reconciliation & all documentation supporting the related GL balance
Provide quarterly management reporting for Tokyo
  • Prepare additional schedules detailing GL balances for your respective areas. Reconcile these schedules to the GL & supporting documentation prior to submitting to Tokyo
  • Develop & maintain all required reports to support the quarterly submissions
Support audit requirements:
  • Maintain & update internal control narrative documentation & perform process walk-throughs with Internal Audit
  • Provide Internal Audit with evidence supporting J-Sox controls
  • Prepare narrative analyses for respective areas supporting External Audit quarterly analytical requirements
  • Support the Sr Director, Corporate Accounting in providing External Audit supporting document requests, ensuring all documentation properly supports testing areas for Quarterly Reviews & Annual Audit
Areas of responsibility will include a subsection of the areas below.
  • Cash
    • Ensure compliance with State escheat requirements
    • Research statement activity to ensure accurate postings to GL accounts & respective brands/cost centers
    • Provide tax group with supporting schedules detailing realized & unrealized gains as requested
  • Payroll
    • Work closely with the DSI payroll team to understand ADP system logic, deductions, etc. to ensure proper accounting treatment
    • Ensure proper reclassifications of Ex-pat earnings to appropriate cost centers based on contractual terms
  • Liabilities
    • Account for Annual Incentive Plan (AIP), Long-term Incentive Plan (LTIP), Deferred Comp, Rabbi Trust, & other HR type accruals
    • Calculate BPF estimate
  • Fixed Assets
    • Perform lease accounting for DSUS Holding group
    • Settle capital spend, create, write-off or impair assets as appropriate, ensuring Fixed Asset sub-ledger is maintained & run depreciation.
  • Cost Accounting
    • Maintain standard costs for all DSI products, calculate & monitor variances
    • Maintain master data for all accounting areas related to cost accounting (materials master for finished goods, WIP, etc.)
    • Develop reserves for obsolete, damaged or slow-moving inventory
    • Calculate the translation of COGS at management value vs. legal value
  • Revenue/Gross-to-Net
    • Obtain & record all co-promotional activity (DPP, revenue, royalty, etc.)
    • Adjust rebate provisions on a quarterly basis & work with Finance team to provide a preliminary estimate of that adjustment
    • Review & provide auditors with SOC1 documents for third party logistics providers (e.g. SPS)
    • Maintain & develop rebate model in Anaplan system
  • Research & Development Accruals
    • Review & monitor accruals for research & development projects
    • Prepare project expense reporting for management review & provide related reporting information to Tokyo R&D Finance
  • Intercompany
    • Maintain & run internal cost allocation & intercompany billing based upon agreed upon methodology
    • Prepare all Intercompany Invoices for affiliated entities & reconcile balances with all DS entities
Qualifications: Successful candidates will be able to meet the qualifications below with or without a reasonable accommodation.

Education/Experience:
Bachelor’s degree in Accounting or Finance; Advanced degree or relevant certification preferred
3-5 years, prior experience with IFRS preferred & highly desirable

Daiichi Sankyo, Inc. is an equal opportunity/affirmative action employer. Qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected veteran status, age, or any other characteristic protected by law.