Executive Director, Global Accounting Standards

Executive Director, Head Of Global Accounting Standards

The Executive Director, Head of Global Accounting Standards has broad responsibility for ensuring accounting principles are interpreted properly and consistently applied; our company's external financial reporting is accurate, adhering to regulations, and can be relied upon by investors. The Head of Global Accounting Standards collaborates with a group that supports all aspects of technical accounting and business development transactions, as well as the Company's broad portfolio of collaboration and license arrangements. In addition, the Head of Global Accounting Standards plays a pivotal role in collaborating with the tax accounting team to support accurate and reliable accounting for tax impacts of all the company's significant transactions. This role, while based in the US, has global reach to ensure that finance, legal, and business colleagues around the globe have appropriate and consistent technical accounting guidance. The individual in the role is a trusted business partner / advisor to a variety of groups including, tax, treasury, business development, the Business Support Centers, Research and Development, Manufacturing Division, Global Human Health, Animal Health divisional finance teams as well as the finance teams in the local markets. The Executive Director, Head of Global Accounting Standards must be able to understand complex transactions to ensure the accounting and financial reporting treatments are handled properly. Communication skills are particularly important as the individual in this role must articulate complex accounting concepts in language that is understood by non-accountants. In addition, this role is an important interface with the Company's external auditors. Enterprise leadership skills of execution excellence, decision making, influence, and networking / partnerships are critical to this role, given the broad base of interactions across the organization globally.

Details of specific areas of responsibility are :

• Lead the application of accounting principles applying deep technical accounting knowledge and business acumen to support and influence strategic business imperatives.
• Monitor new accounting or reporting standards, evaluate the impact to our company and manage the implementation of these new standards, including developing new reporting disclosure requirements.
• Provide guidance to the various disciplines around the Company, including the CFO, Controller, Tax, Treasury, Business Development, Divisional Finance, Consolidations, Internal Audit, Local Country Finance, Legal, and Business Alliances.
• Oversee the process for goodwill accounting and impairments (including managing third party valuation firms as needed).
• Collaborate with the Tax Accounting team to ensure all aspects of income tax accounting are in accordance with accounting principles and clearly understood throughout the organization.
• Contribute to the Company's communications with accounting regulators (FASB or SEC) through Exposure Drafts issued for comment.
• Represent our company in accounting / finance industry conferences and the Pharma / biotech accounting.
• Oversee our company's restructuring program, ensuring the actions under any restructuring plan are accounted for properly.
• Support the development of materials for the Audit Committee and Board of Directors, including technical accounting updates.
• Maintain effective internal controls and technical accounting policies in support of the Company's global internal control framework.
• Lead, develop, and mentor technical accounting professionals, leveraging the Company's enterprise leadership skills and career development frameworks.
• Support the Company's transformation journey by identifying opportunities to simplify, streamline, and automate, where appropriate.

The Executive Director, Head of Global Accounting Standards, reports to the Assistant Controller.

Education Minimum Requirements :

Required Skills :

Preferred Skills :

U.S. Hybrid Work Model :

Effective September 5, 2023, employees in office-based positions in the U.S. will be working a Hybrid work consisting of three total days on-site per week, Monday - Thursday, although the specific days may vary by site or organization, with Friday designated as a remote-working day, unless business critical tasks require an on-site presence. This Hybrid work model does not apply to, and daily in-person attendance is required for, field-based positions; facility-based, manufacturing-based, or research-based positions where the work to be performed is located at a Company site; positions covered by a collective-bargaining agreement (unless the agreement provides for hybrid work); or any other position for which the Company has determined the job requirements cannot be reasonably met working remotely. Please note, this Hybrid work model guidance also does not apply to roles that have been designated as "remote".

Salary Range :

$206,200.00 - $324,600.00

This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. An employee's position within the salary range will be based on several factors including, but not limited to relevant education, qualifications, certifications, experience, skills, geographic location, government requirements, and business or organizational needs. The successful candidate will be eligible for annual bonus and long-term incentive, if applicable. We offer a comprehensive package of benefits. Available benefits include medical, dental, vision healthcare and other insurance benefits (for employee and family), retirement benefits, including 401(k), paid holidays, vacation, and compassionate and sick days. More information about benefits is available at https : / / jobs.merck.com / us / en / compensation-and-benefits .