Director, Technical Accounting & Inventory, Manufacturing

Company: Bristol-Myers Squibb
Location: New Brunswick
Posted on: March 27, 2025

Job Description:

Working with UsChallenging. Meaningful. Life-changing. Those aren't words that are usually associated with a job. But working at Bristol Myers Squibb is anything but usual. Here, uniquely interesting work happens every day, in every department. From optimizing a production line to the latest breakthroughs in cell therapy, this is work that transforms the lives of patients, and the careers of those who do it. You'll get the chance to grow and thrive through opportunities uncommon in scale and scope, alongside high-achieving teams rich in diversity. Take your career farther than you thought possible.Bristol Myers Squibb recognizes the importance of balance and flexibility in our work environment. We offer a wide variety of competitive benefits, services and programs that provide our employees with the resources to pursue their goals, both at work and in their personal lives. Read more: careers.bms.com/working-with-us .Reporting to the Global Product Supply (GPS) Finance Controller, this is a key role partnering with local business unit operations, Finance leadership as well as Global Corporate Functions. This role is responsible for the technical accounting for manufacturing finance and the Inventory Business Process Owner.Major Responsibilities and Accountabilities:Technical Accounting

• Research, opine and recommend positions on complex accounting areas within the GPS manufacturing network. Ensure accounting guidance properly reflects the principals of US GAAP and align proposed decisions with the Corporate Controller's team. Properly document accounting positions and key decisions taken.
• Work across GPS Finance network to assess accounting positions and implications on control environment, forecasts and monthly/quarterly close. Present issues and areas of concern to the Chief Accounting Officer and Corporate Controller.
• Lead GPS Technical Accounting Network.
• Ensure accuracy and timeliness of financial accounting activities. Manage multiple month end close processes and deliverables for accounting and controls.
• Act as key contact for accounting issues and out of period concerns. Identify and implement necessary remediation plans and routinely track and communicate with key stakeholders. Identify, plan and implement process improvements.
• Lead financial review of strategic contracts, identifying key accounting issues prior to approval.
• Facilitate understanding of key accounting items for proposed business development activities in the diligence phase through implementation of successful business development deals.
• Support and help progress GPS budget and projection cycles throughout the year, working in coordination with the FP&A team members on GPS Controllers' Team.
• Lead, coach and develop small team of Finance professionals including one direct report and an Accounting Development Program (ADP) rotational colleague, developing their accounting knowledge and business acumen.
• Provide periodic accounting, policy, process and controls training to Finance, both within GPS and broader finance.
• Key liaison for internal and external audits.Inventory Business Process Owner
  • Responsible for the accounting, oversight and financial reporting of the total company Inventory, (including all stages of the manufacturing inventory and finished goods across all markets).
  • Lead the quarterly accounting processes for inventory, including preparation and presentation of the quarterly workday 10 inventory reporting package to Corporate Financial Reporting and the Chief Accounting Officer.
  • Ensure accuracy and timeliness of inventory accounting and financial projection and analysis.
  • Understand the totality of the control environment for inventory, all applicable policies and processes.
  • Drive innovation, efficiency, and standardization across inventory financial management, working closely with GSC Finance and Operations.
  • Closely collaborate with Finance function in Commercial and R&D groups to ensure alignment on financial forecasts.
  • Support global integration processes, including system and process alignment.
  • Together with Tax and Legal entity groups define and implement optimal global financial flows.
  • Lead for pre-approval inventory processes, including tracking and approval of RA inventory.
  • Coordination and tracking of physical inventory counts.
  • Responsible for the accuracy and financial reporting of annual revaluation.
  • Liaise with the Rapid Response team and Go Teams, understand demand plan changes and implications on inventory.QualificationsMinimum Requirements
    • Minimum education of a bachelor's degree in finance, accounting or related area of study. CPA is required.
    • Minimum of ten (10) years of accounting experience, including at least four (4) years of public accounting experience. Experience supporting manufacturing operations is preferred.
    • Strong technical accounting capabilities (US GAAP).
    • Strong Financial system knowledge, primarily SAP and Cognos TM1.
    • Thorough understanding and practical application of ASC 330, Inventory, and 360, Property, Plant & Equipment.
    • An understanding of relevant upcoming accounting standards.
    • A strong sense of business acumen, applying analogies and experiences to current situations where applicable to provide reasoned and supported outcomes.
    • Analytical skills with the ability to synthesize large data sets, develop key insights, and ability to explain such information simply to key stakeholders.
    • Experience working across cross-matrix teams.
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Keywords: Bristol-Myers Squibb, New Brunswick , Director, Technical Accounting & Inventory, Manufacturing, Professions , New Brunswick, New Jersey