Senior Accountant in Bernards, NJ at DSI

Date Posted: 6/29/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Bernards, NJ
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    6/29/2018
  • Job ID:
    9228BR

Job Description

Join a Legacy of Innovation 110 Years and Counting!
With over 100 years of scientific expertise and a presence in more than 20 countries, Daiichi Sankyo and its 15,000 employees around the world draw upon a rich legacy of innovation and a robust pipeline of promising new medicines to help people. In addition to a strong portfolio of medicines for hypertension and thrombotic disorders, under the Group’s 2025 Vision to become a “Global Pharma Innovator with a Competitive Advantage in Oncology,” Daiichi Sankyo research and 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 and kidney diseases, and 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, and policy implementation. Areas of responsibility will consist of a sub-section of the areas listed in item 6 below and will include additional responsibilities specific to those areas.

Responsibilities

Perform Monthly and 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 and understand upcoming changes that will impact your areas
  • Proactively share knowledge and provide explanations to the financial charges/impact that is materially different from previous trends
  • Obtain relevant financial data and reporting from respective groups, analyze impact to financial statements
  • Prepare journal entries using SAP and/or Winshuttle for respective areas, ensuring appropriate support is included
Perform post-close reconciliations:
  • Reconcile respective General Ledger accounts to sub-accounts and/or supporting schedules/reports
  • Analyze balances and ensure accuracy of the General Ledger
  • Prepare any necessary subsequent month adjustments
  • Maintain clear documentation of the purpose of the reconciliation and all documentation supporting the related GL balance
Provide quarterly management reporting for Tokyo:
  • On a quarterly basis, prepare additional schedules detailing GL balances for your respective areas. Reconcile these schedules to the GL and supporting documentation prior to submitting to Tokyo
  • Develop and maintain all required reports to support the quarterly submissions
Support audit requirements:
  • Maintain and update internal control narrative documentation and 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 Dir, Corporate Accounting in providing External Audit supporting document requests, ensuring all documentation properly supports testing areas for Quarterly Reviews and Annual Audit
Other Responsibilities:
  • Research and maintain current knowledge of most recent accounting pronouncements as it relates to areas of responsibility
  • Work closely with finance partners, understanding their budget responsibilities and provide clear communication of financial impacts to them for areas of responsibility (e.g. ensure understanding of new contracts or process changes)
  • Evaluate current processes and provide recommendations to the Sr Dir, Corporate Accounting for potential process improvements
  • Participate in special projects that impact your scope of responsibility
Areas of responsibility will include a subsection of the areas below. There are additional requirements specific to each area, some of which are highlighted below:
  • Cash
    • Ensure compliance with State escheat requirements
    • Research statement activity to ensure accurate postings to GL accounts and respective brands/cost centers
    • Provide tax group with supporting schedules detailing realized and 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, and 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 and run depreciation.
  • Cost Accounting
    • Maintain standard costs for all DSI products, calculate and 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 and record all co-promotional activity (DPP, revenue, royalty, etc.)
    • Adjust rebate provisions on a quarterly basis and work with Finance team to provide a preliminary estimate of that adjustment
    • Review and provide auditors with SOC1 documents for third party logistics providers (e.g. SPS)
    • Maintain and develop rebate model in Anaplan system
  • Research & Development Accruals
    • Review and monitor accruals for research and development projects
    • Prepare project expense reporting for management review and provide related reporting information to Tokyo R&D Finance
  • Intercompany
    • Maintain and run internal cost allocation and intercompany billing based upon agreed upon methodology
    • Prepare all Intercompany Invoices for affiliated entities and 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:
Qualified candidates must have a Bachelor’s degree from an accredited college or university in Accounting or Finance; Advanced degree or relevant certification preferred.

3-5 years experience in accounting and/or audit, prior experience with IFRS preferred and 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.