Associate Director, Accounting & Financial Transactions

About the Department The Finance & Operations department brings insights and intelligence to inform decision making & drives digitalization and business solutions to attain NNI goals. Finance & Operations works closely across the organization to guide enterprise-wide resource allocations, investment choices, drive core operations and develop insights to drive growth and operational excellence across the value chain while innovating for future capabilities. Our focus on innovation ensures we’re constantly building future capabilities. We’re responsible for regulating accounting, upholding workplace safety, managing our supply chain and sampling, supporting technological and data innovation, maintaining our facilities and assuring the integrity and completeness of all business transactions. At Novo Nordisk, you will have the opportunity to build a career in a global business environment. We encourage our employees to make the most of their talent, and we reward hard work and dedication with opportunities for continuous learning and personal development. Are you ready to maximize your potential with us? The Position Responsible for managing financial close process, general accounting, and management of financial transaction processes (A/P, A/R and expense management) for Novo Nordisk Inc (NNI) and other US Commercial legal entities in accordance with International Financial Reporting Standards (IFRS), US Generally Accepted Accounting Principles (GAAP) and Novo Nordisk AS (NNAS) accounting guidelines. This position includes: Maintain strong accounting policies with emphasis on revenue recognition and treatment of gross to net elements. Oversee financial close process of the Commercial entities and support R&D affiliates. Ensure strong internal control environment relative to timely and accurate execution of financial transaction processes and activities. Collaborate with stakeholders to execute finance initiatives, promote cross-functional collaboration and connect Finance across the organization. Build organizational capabilities. Relationships Reports to the USO Head of Accounting – Director and manages a team of five: Senior Manager of Financial Reporting & Controlling, Senior Manager of Financial Transactions, Accounts Payable & Expense Management Manager, Accounts Receivables & Credit Management Manager and Senior Analyst, Customer Service. Essential Functions General Bring financial accounting expertise and strong experience leading practices to engagements. Serve as a valued advisor and partner to senior management by providing influential counsel regarding essential functions. Oversee and execute the financial closing process of NNI and other US Commercial legal entities. Ensure consistent delivery of timely and accurate reporting of results internally within Novo Nordisk, to external agencies as required. Ensure that all relevant transactional processes consistently produce accurate information in support of financial reporting in accordance with IFRS, US GAAP and Novo Nordisk corporate policy. Develop accounting policy and procedures; provide input to Corporate Finance and Accounting on material unique technical financial reporting issues relevant to the US operation. Ensure strong emphasis on appropriate revenue recognition and other complex accounting treatment areas such as deferred compensation, factoring and lease accounting. Provide input and influence concerning Novo Nordisk global systems. Foster a relationship with Deloitte based on strong technical acumen, integrity, and professionalism. Review and prepare accounting memos on all key contracts of the organization, including telehealth, direct-to-ship, subscription models and consignment partnerships. Collaborate with Legal and Line of Business on deals of financial significance providing feedback concerning financial, operational and internal accounting control consequences. Support mergers and acquisitions activity through successful integration during pre- and post-acquisition period. Coordinate Service Level Agreements with NNI internal stakeholders and related entities. Ensure that data in finance systems is structured to deliver relevant level of transparency in an effective and efficient way. Prepare and present financial statements and other materials as requested for Board of Directors meetings for NNI and other US legal entities. Prepare and drive the timely and accurate completion of annual MPP and 401k financial statement audits. Financial Transactions Lead daily operations for accounts payable, trade receivables, and employee expense management, ensuring timely and accurate processing of all financial transactions. Oversee trade receivables, including NNI TR factoring program, customer invoicing, cash application, credit management, and collections including resolution of wholesaler deductions. Oversee A/P processing, including vendor onboarding, invoice approvals, payment runs, and compliance with payment terms. Ensure accurate journal entries and account reconciliations related to A/P and A/R. Partner with IT and finance systems teams to optimize ERP (S4/Hana) functionality and resolve system issues. Drive standardization of processes across business units or legal entities. Supervise expense management, ensuring adherence to corporate policies, timely reimbursements, and proper documentation. People Development Empower team and ensure that reporting personnel have individual development plans (IDP), with annual goals and measurements that align with business priorities. Manage the application and communication of all Novo Nordisk policies, procedures, and Novo Nordisk Way. Physical Requirements 0-10% overnight travel required. Development of People Supervisory. Ensure that reporting personnel have individual development plans (IDP) with annual goals and measurements consistent with business priorities. Interim reviews are held so that work remains focused. Ensure IDP forms include completed learning and aspiration plans for all reporting personnel to enable achievement of goals and increased responsibility. Manage the application and communication of all Novo Nordisk policies, procedures, and Novo Nordisk Way. Qualifications Bachelor’s Degree and CPA required. At least 7 years experience in financial accounting and reporting with significant experience/exposure to public accounting and auditing. Minimum of three years pharmaceutical industry experience strongly preferred. Minimum of three years supervisory experience required. Skilled in analytical methods and techniques. Strong knowledge of technical accounting rules with ability to interpret and articulate to senior management and staff. Experienced working within a large-scale ERP environment and with the implementation of new systems and processes. Proactive business partnering and continuous improvement mindset. Strong focus on process and structured workflows. Strong stakeholder management skills; ability to influence senior stakeholders. Strong ability to understand and define stakeholder information needs and translate into clear actions. Strong communication abilities and ability to create clear and simple presentations. Ability to condense complicated data into a simple message or format. Ability to drive development of a cross collaborative unit. Displays high integrity. Idea-generator with ability to facilitate idea-generation across functions. Ability to utilize time effectively and set priorities to manage multiple projects with sensitive deadlines. Pharmaceutical industry experience preferred. Base Compensation – The base compensation range for this position is $152,700 to $267,300. Base compensation is determined based on a number of factors. This position is also eligible for a company bonus based on individual and company performance. Novo Nordisk offers long‑term incentive compensation and or company vehicles depending on the position’s level or other company factors. Employees are also eligible to participate in company employee benefit programs including medical, dental and vision coverage; life insurance; disability insurance; 401(k) savings plan; flexible spending accounts; employee assistance program; tuition reimbursement program; and voluntary benefits such as group legal, critical illness, identity theft protection, pet insurance and auto/home insurance. The company also offers time off in accordance with its sick time policy, flexible vacation policy, and parental leave policy. Inclusive Recruitment Statement We commit to an inclusive recruitment process and equality of opportunity for all our job applicants. At Novo Nordisk, we’re not chasing quick fixes – we’re creating lasting change for long‑term health. For over 100 years, we’ve been driven by a single purpose: to defeat serious chronic diseases and help millions of people live healthier lives. This dedication fuels our constant curiosity and inspires us to push the boundaries of what’s possible in healthcare. We embrace diverse perspectives, seek out bold ideas, and build partnerships rooted in shared purpose. Together, we’re making healthcare more accessible, treating and defeating diseases, and pioneering solutions that create change spanning generations. When you join us, you become part of something bigger – a legacy of impact that reaches far beyond today. Equal Opportunity Employer Novo Nordisk is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, ethnicity, color, religion, sex, gender identity, sexual orientation, national origin, disability, protected veteran status or any other characteristic protected by local, state or federal laws, rules or regulations. If you are interested in applying to Novo Nordisk and need special assistance or an accommodation to apply, please call us at View phone number on click.appcast.io . This contact is for accommodation requests only and cannot be used to inquire about the status of applications. #J-18808-Ljbffr Initial Therapeutics, Inc.