The Senior Director, Consolidations will oversee the global consolidation process, aggregating global financial data, and preparing the consolidated income statement, balance sheet and statement of cash flows, ensuring the integrity, accuracy and timeliness of all financial reporting in accordance with US GAAP. This role will also lead a team which will aggregate all information required for financial statement disclosures, in accordance with SEC reporting requirements, and producing management reporting data for review and use by senior management and business finance. In addition, this role is also be responsible for the development and maintenance of all financial close and reporting processes, ensuring that appropriate internal controls over financial reporting are adequately designed and operating effectively, building a strong and sustainable continuous improvement mindset. As such, the role will be required to partner closely with Pfizer’s BT organization to ensure our systems and technologies are optimally utilized to meet both internal and external reporting needs.
To accomplish these objectives, the Senior Director will be required to partner with senior leaders throughout the organization, including the CFO, Senior VP and Corporate Controller, VP of Global Financial Services (GFS), Finance Directors and other senior leaders in the Commercial Finance, Operations Planning and Analysis (OP&A), and Business Technology functions.
Reporting to the VP, Core Operations, this position will be an integral member of the Core Operations Leadership Team and will lead a team of 1o financial accounting and reporting professionals.
Responsibilities
• Responsible for the collection of information necessary for the monthly and quarterly accounting and reporting closes. Ensures the accurate and timely closing and reporting of the organization’s financial results in compliance with US GAAP and SEC requirements.
• Responsible for the preparation and analysis of consolidated revenues, and the consolidated income statement and balance sheet.
• Responsible for the preparation and analysis of the consolidated statement of cash flows.
• Provides leadership for monthly/quarterly close and corporate requests for data to fulfill external reporting requirements.
• Partners with senior leadership within Divisional Controllers, Global Financial Shared Service (GFS) and Commercial markets to aggregate and analyze financial data, provide support for financial results, and conducts follow up on missing or incomplete information.
• Works with Technical Accounting/Policy, Division Controllers and GRCC leadership to develop accounting and financial reporting policy, and provides communications and training, as required, to GFS and commercial markets on the consolidation and reporting processes and systems.
Reporting Expertise
• Provides guidance and expertise to the organization on consolidation processes, and all accounting and reporting issues.
• Partners with the Controller’s organization, Commercial/Enabling Finance and OP&A related to their financial reporting needs, and assists them in efficiently accessing data, and ensures that significant business events/transactions are appropriately recognized in the financial statements.
• Partners with the Tax organization to ensure all data required for the computation of income tax rates are adequately communicated, and reviews adjustments made to the balance sheet and income statement tax accounts.
• Designs and implements standard analytics to understand and monitor the health and efficiency of the financial close and reporting process and key accounts on a quarterly basis. Review results with Senior Management as part of normal closing process.
• Partners with other leaders in the Controller’s organization and the Finance Project Management Office (FPMO) to lead the integration of acquisitions and the transition work associated with divestitures, for the Controllers organization. Coordinates all activities from the initial acquisition, through push down of accounting and reporting activities to markets, and leads the transition services aspect of divestitures.
• Coordinates and leads relationship with KPMG to assist in their quarterly reviews and annual audits of Pfizer’s consolidated financial statements.
• Partners with the Director, External Reporting and Investor Relations leadership to ensure the efficient and accurate translation of financial reporting and disclosure data into periodic press releases, 10-Q’s, 10-K’s and Earnings Charts and Q&A documents for executive management.
• Provides support for training on Hyperion and all other financial reporting systems and related tools.
Controls / Compliance
• Partners with Corporate Audit leadership on internal compliance reviews, financial reporting control testing, and the maintenance of all SOX controls over the financial close and reporting process.
• Responsible the oversight of all accounting/financial reporting processes, financial controls and related information systems to ensure adequate documentation is developed and maintained, and to ensure the appropriate authorizations of transactions, and the safeguarding of assets.
Qualifications
• BA in Accounting required, MBA a plus
• CPA/Chartered Accountancy required
• 15 + years of diversified experience with a solid foundation in accounting, consolidations and financial reporting, including experience in leadership role at a global organization with pharmaceutical or other manufacturing operations strongly preferred
• Seasoned accounting professional with strong analytical, project and change management skills, and significant exposure and experience with financial consolidation and reporting systems (architecture, design, implementation and maintenance)
• Demonstrated track record of delivering results and leading change in a complex, matrixed organization, successfully leading projects/process s improvement initiatives within the accounting/reporting operations function
• Excellent communication and business partnering skills; ability to clearly communicate complex accounting and financial reporting matters in an easy to understand manner; experience working across multiple levels and geographies; and ability to collaborate with senior/executive leaders in other finance, strategy, commercial and enabling functions for successful results.
• Demonstrated proficiency in US GAAP
• Able to clearly link financial results to operational performance drivers, generate alternatives and drive positive change, and develop a range of solutions to address issues or capitalize on new opportunities using a balanced view.
• Experience with Hyperion Financial Management and Upstream systems
• Demonstrated success in managing corporate controls and driving business results
• Demonstrated success in mentoring and developing talent.
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