The Controllers organization provides financial information for Pfizer Inc. to management, shareholders, and regulators. As part of the Core Operations department of Controllers, the Global Mark-Up Exchange (GMX) group provides an integrated cost, intercompany transfer price, inventory, and markup system. The GMX team and process provides management with data used for both internal and external financial reporting through extensive collaboration with business partners to ensure intercompany commerce is not disrupted.
On a monthly basis, the GMX team is responsible for managing data submissions (Intercompany Sales, Intercompany Cost of Sales, Intercompany Profit and Inventory) and detailed analysis of the P&L (primarily cost of goods sold) and balance sheet (inventory and global intercompany profit reserve).
The Manager position within the GMX Team is responsible for the leadership and participation in a variety of areas impacting the GMX monthly close process including data submissions, detailed P&L and Balance Sheet analysis and financial reporting. In addition, the individual in this role will interact with affiliates worldwide as well as business finance on reporting requirements, key processes, and system/reporting capabilities.
The GMX Team frequently partners with Finance and Business Technology colleagues worldwide in executing process enhancements in order to streamline the GMX monthly close process and reporting/analytics that are required by business leadership. Overall, an excellent opportunity to develop skills with Pfizer’s financial reporting systems (SAP, SAP-BI, FCCS) and obtain knowledge of key intercompany financial processes and interact with other members of business and corporate finance.
Roles & Responsibilities
Manage geographically-based Legal Entities in supporting the regional data submission (Earn In, Earn Out, Inventory) and analysis of Cost of Sales and mark up reserve (per established GMX Team SOPs) required to ensure accuracy in both external and internal financial reporting for Pfizer
Provide guidance and expertise to the regional organization on markup accounting related issues in conjunction with ongoing business activities (tax strategies, legal entity mergers, acquisitions/divestitures)
Design and implement standard analytics to provide greater understanding of Cost of Sales/Inventory movement and review with Senior Management as part of review of financial results
Understand transfer pricing and standard cost development processes at Pfizer and partner with regional representatives from Tax and Pfizer Global Supply (PGS) organizations in order to maintain or adapt GMX processes as necessary.
Responsibility for providing business support with respect to GMX system/data cubes, identifying system enhancements and partnering with BT colleagues on the testing, documentation and implementation of system updates.
Participate in the development and execution of ongoing training required on the GMX system/process.
Establish effective relationships and maintain constant interaction with ERP Teams to proactively address issues, ensure alignment and/or enhance system interdependencies between the GMX system and SAP ECC
Support coordination of monthly maintenance (Price, Cost) and submission (Inventory) activities with members of GMX Team responsible for Earn In and Earn Out submissions and analysis to ensure alignment of all activities and deadlines
Maintain and develop strong relationships with regional Global Business Services (GBS), PGS, Market, Commercial Finance and Consolidation Services teams and other external business units to ensure efficiency in end-to-end markup reporting processes and accurate presentation of consolidated financial data
Provide support for key projects leveraging strong analytical skills with the ability to identify and implement best practices
Implement Pfizer Accounting Policies and Procedures and U.S. Generally Accepted Accounting Principles with direction from the Corporate Controller.
Under guidance of Sr. Manager, GMX Team, execute strategies to ensure the ongoing development of bench-strength and internal knowledge of GMX and markup-related processes
Execute monthly performance management processes routinely with regional stakeholder group to ensure level of interaction and service delivery is meeting expectations and improvement opportunities are identified regularly
Applicant must have a Bachelor’s degree in Finance or Accounting with five years of relevant experience in a financial reporting capacity within a large multi-national company; OR a Master’s degree with three years of relevant experience; OR an Associate's degree with eight years of relevant experience; Or a Ph.D. with 0+ years of experience; OR 10 years of relevant experience with a high school diploma or equivalent
Strong knowledge of accounting and financial systems/processes, controls, and ability to translate strategies into financial concepts; knowledge of SAP, FCCS, and Essbase strongly desired.
Demonstrated proficiency in US GAAP; good working knowledge of Accounting Policies and Procedures is critical.
Strong business acumen
Demonstrated experience in leading significant change and in continuous process improvement is critical. Ability to be flexible and adapt approaches to the situation.
Experience working across multiple levels (including executive level), functions and regions; able to partner, lead and influence others without having a direct reporting relationship.
Able to clearly communicate complex financial and process-related information to key stakeholders (including executive level) both written or orally. Communications skills include the ability to listen to and appreciate stakeholder concerns and understand issues.
Demonstrated success and commitment to the ongoing development of talent including active coaching and mentoring of key colleagues.
Ability to act decisively and seize accountability and be change agile.
MBA and/or CPA
Big 4 Auditing Experience a plus
Knowledge of markup-related processes, requirements and impacts is a plus
Good working knowledge of Intercompany Accounting Policies and Procedures is a plus
NON-STANDARD WORK SCHEDULE, TRAVEL OR ENVIRONMENT REQUIREMENTS
Work Location Assignment: On Premise/Hybrid - Will observe 2.5 days in office per week.
The annual base salary for this position ranges from $84,200.00 to $140,400.00. In addition, this position is eligible for participation in Pfizer’s Global Performance Plan with a bonus target of 12.5% of the base salary and eligibility to participate in our share based long term incentive program. We offer comprehensive and generous benefits and programs to help our colleagues lead healthy lives and to support each of life’s moments. Benefits offered include a 401(k) plan with Pfizer Matching Contributions and an additional Pfizer Retirement Savings Contribution, paid vacation, holiday and personal days, paid caregiver/parental and medical leave, and health benefits to include medical, prescription drug, dental and vision coverage. Learn more at Pfizer Candidate Site – U.S. Benefits | (uscandidates.mypfizerbenefits.com). Pfizer compensation structures and benefit packages are aligned based on the location of hire. The United States salary range provided applies to the Tampa, FL location only. The salary range provided does not apply to any other United States location or locations outside of the United States.
Relocation assistance may be available based on business needs and/or eligibility.
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#LI-PFE