Director, Technical Accounting

Date: Sep 10, 2022

Location: US-NJ-Annandale, New Jersey, US

Company: Bausch Health

This individual will lead the Technical Accounting function for the Company, including: (i) researching the appropriate technical accounting approach and alternatives for proposed transactions, (ii) evaluating the impact of new accounting standards and assisting in the development and execution of implementation plans, and (iii) providing insight to Finance and business leadership as it relates to the application of US GAAP and SEC accounting standards.  This role is also responsible for the development, maintenance, and updating of accounting policies, in accordance with US GAAP, for the organization globally. The individual in this role will serve as a key advisor to Senior Management and the Controllership, Tax, Treasury, FP&A, and business finance functions, as well as other business areas as needed.

 

This is a hybrid role with three days in office at our Bridgewater, NJ HQ. 

 

Key Responsibilities:

  • Evaluate the accounting impact of proposed transactions, including:
    • Conduct research and provide recommendations on the application of accounting standards and associated financial reporting impact.
    • Review and explain the basis for recommendations with management, including Senior Leadership as necessary.
    • Document the Company’s position with formal position papers, including development or modification of policies as needed.

 

  • Maintenance of US GAAP and SEC accounting policies:
    • Develop new policies, or make changes to existing policies, ensuring policies are up to date with the latest accounting standards and business developments.
    • Provide guidance to business unit finance and operating management on policy questions.

 

  • Manage the global evaluation and reporting process for non-standard revenue transactions, including determination of the accounting in compliance with Company policies and US GAAP, and issuance of a monthly summary to senior management.

 

  • Assist in developing and executing training programs related to the Company’s accounting policies, new and existing accounting pronouncements, and other related matters, including:
    • Organize monthly CPE training for the benefit of all employees.
    • Issue monthly “Heads-Up” communications to the finance organization on accounting developments, policy updates and other topics of interest.
    • Manage evaluation of and response to questions sent to the Technical Accounting Inbox.

 

  • Other responsibilities as necessary/assigned, including:
    • Assess the impact of, and manage the adoption of, new accounting standards.
    • Assist in developing responses to SEC Comment Letters and responses to Standard Setters on proposed accounting standards.
    • Review and provide input to SEC filings.

 

  • Partner with internal and external audit on the assessment of transactions or new accounting standards, and review of related Company positions.

 

  • Identify opportunities to drive operational excellence and efficiency in accounting and reporting processes.

 

Key Relationships:

  • Controller and Chief Accounting Officer
  • Corporate Finance leadership, including Tax, Treasury and FP&A
  • Regional and Country-level finance leaders
  • Business Unit leadership
  • Internal and External Audit
  • In-House Legal team

 

Qualifications:

  • Bachelor’s degree in accounting required; CPA and/or Master’s degree preferred.
  • Strong knowledge of U.S. GAAP, including experience analyzing complex transactions and circumstances.
  • Proven cross-functional collaborator, with the ability to explain the basis for positions and influence decisions.
  • Strong verbal and written communication skills, including the ability to effectively communicate direction, drive results, and convey complex information in easily understood formats.
  • Sound project management and organizational skills, including the ability to manage multiple assignments in a fast-paced, multi-national environment.
  • Fluent communication in English is essential.

 

Experience:

  • Minimum of 8-10 years of experience in finance and accounting, including in a technical accounting role with a Big 4 or large multinational public accounting firm.
  • Experience in the Pharmaceutical and/or Life Sciences Industries a plus.