Benefits Accounting Team Lead

What You Will Achieve

This position will have responsibility for leading a team of colleagues who support compensation and benefit accounting activities. This team is responsible for the accounting for fringe benefits and forecasting, pension/postretirement plan accounting, benefit plan financial statement preparation, and the accounting for all components of restructuring, including accounting for termination costs and integration costs.

Specific responsibilities of this position include:
  • Supervise daily activities surrounding teams' assigned areas of responsibility
  • Manage the benefit plan financial statement preparation and lead the related audit process
  • Supervise quarterly and year end reporting for managed areas
  • Collaborate with Division/Market colleagues, Controllers/Consolidations, Treasury, Legal and Corporate Tax on strategic projects and process improvements. Involvement will require strong problem solving, communication, presentation skills and analytical skills
  • Lead efforts related to system changes and/or implementations impacting team
  • Ensure processing efficiencies utilizing innovative technical and processing solutions
  • Ensure process changes are in compliance with Pfizer accounting / internal control policies and SOX, including related document maintenance
  • Serve as liaison with internal and external audit regarding audit management and issue remediation
  • Develop and assist in automating accounting processes, analysis techniques and reporting functionality
  • Work independently with other departments / international locations to research, analyze and resolve irregularities and discrepancies
  • Maintain and develop relationships with groups serviced by Financial Services as well as within Financial Services
  • Provide guidance and support to the divisions and Controllers/Consolidations related to acquisitions or divestitures
  • Lead and develop staff

How You Will Achieve It

Lead team responsible for below activities:
  • Ensure accounting transactions are in compliance with Pfizer accounting policy and US GAAP
  • Maintain elements of domestic and/or international general ledgers including the preparation of journal entries and balance sheet account reconciliations
  • Prepare financial and accounting analysis completely and accurately
  • Maintain complete and accurate tasks lists and status of open items
  • Maintain complete and accurate standard operating procedures and SOX related internal control documentation
  • Research technical and operational accounting guidance and determine relevant application
  • Review pension and postretirement disclosures for 10K/10Q filing
  • Typically manage teams of colleagues who are responsible for complex accounting and reporting activities
  • Provides the information people need to do their jobs duties and make accurate decisions; is timely with information
  • Clearly and consistently establish priorities for team and manage workload, deliverables and competing priorities
  • Consistently identify and remediate issues and risks prior to financial impacts
  • Manage and lead singular audit activities or large elements of the Pfizer consolidated audit including the timely and accurate delivery of all deliverables and serving as primary point of contact
  • Consistently identify process improvement opportunities including the timely implementation of solutions
  • Develops team and builds people by: providing challenging tasks and assignments, holding frequent development discussions, being aware of each person's career goals, constructing and executing development plans
  • Lead regional projects and other initiatives in addition to existing role and responsibility
  • Own the month end close process and related financial reporting activities
  • Actively (formally and informally) mentor key colleagues outside of your direct report team
  • Demonstrated ability to effectively deal with conflict and confrontation
  • Recognized as Pfizer subject matter expert and process owner for regional and key accounting activities
  • Willingness to accept occasional travel for meetings and projects
  • Engage directly with customers and business partners on complex activities and deliverables; maintain effective relationships with business partners
  • Can be counted on to exceed goals and deliverables successfully; maintains a sense of urgency; constantly and consistently one of the top performers
  • Leading Operational Transformation activities by demonstrating strategic planning, anticipating functional requirements and proposing solutions, identifying root cause on performance issues and process bottlenecks and developing key performance indicators and metrics to track performance

Basic Qualifications
  • Bachelor degree in accounting or finance required
  • Masters degree preferred
  • CPA required (or equivalent international certification)
  • Minimum 5 years of relevant functional accounting or finance experience
  • Minimum 1 year of experience leading a team
  • Public accounting experience preferred
  • Benefit Plan Financial Statement experience preferred

Technical Skills Requirements:
  • Advanced accounting and financial reporting skills that include the following:
  • Demonstrated advanced technical US GAAP and financial reporting knowledge and experience
  • Advanced SAP and HFM skills preferred
  • Proficiency with Microsoft O365 suite (Excel, Word, Power Point, Sharepoint, OneDrive and Teams) required
  • Experience with workflow automation, data analytics, and visualization tools preferred (e.g. Alteryx, Power Automate, Tableau, Spotfire, and Power BI)
  • Advanced Excel skills
  • Excellent oral, written, and overall communication skills
  • Strong analytical and critical thinking skills
  • Ability to informally and formally develop and influence staff and senior accountants through coaching/mentoring.
  • Ability to work independently, manage multiple priorities, and solve problems in an unstructured environment
  • Strong business acumen and professionalism with the ability to interface effectively with all levels of management and operations colleagues in all applicable Pfizer Finance and business functional areas
  • Ability to perform and deliver in areas involving ambiguity

Other Job Details:
  • Eligible for Employee Referral Bonus

Pfizer requires all U.S. new hires to be fully vaccinated for COVID-19 prior to the first date of employment. As required by applicable law, Pfizer will consider requests for Reasonable Accommodations.

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.

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.

Finance & Accounting