Specialist, US Controllers, Expatriate Accounting

Job Description

Specialist, US Controllers (USC) Expatriate Accounting

Job Description:

Our Finance team brings together our financial perspectives into our overall strategic and tactical decision making. We leverage sophisticated financial analysis, planning, accounting, reporting and performance evaluation techniques to propel medical innovation and improving lives.

Position Description:

The Accounting Specialist position is part of the US Controllers group and is primarily for performing accounting and reporting activities in support of global expatriate operations.  This position requires the understanding of applicable financial analysis and accounting principles, effective problem solving, and communication skills with various stakeholders.  This position will report to the Associate Director, USC Accounting and is part of the Global Controller’s Organization within the Company.

Main responsibilities:

• Develop relevant business knowledge of the Global Expatriate and Tax Equalization processes.

• Point of contact for domestic and international expatriate queries. Responsibilities include providing guidance related to international assignments, cost estimates, cost recharges, and the expatriate accounting and tax equalization process to local finance, FP&A budget owners, and other stakeholders.

• Review and approval of payroll expenses intercompany cross-charged by local markets for expatriate employees on assignment in the United States.

• Review and approval of monthly journal entries to properly reclassify relocation and tax expenses to the appropriate division cost centers and to clear foreign currency from the tax accrual balance sheet accounts.

• Responsible for the intercompany cross-charge of payroll, relocation, and tax expenses / credits associated with expatriate employees on international assignment. This includes analysis of payroll files, third party provider invoices, and general ledger accounts and cost centers to obtain the relevant data, identify the employees and host entities, and prepare the billing files necessary for the cross-charge process.

• Research and resolve intercompany billing issues for payroll, relocation, and tax equalization charges that are raised by local markets, including liaising with our external Payroll and Compensation teams, third party global mobility providers, and the Company Benefits and Compensation Tax team

• Reconcile and resolve outstanding items in the corporate foreign tax equalization liability account. Also responsible for reviewing the domestic and foreign tax equalization accounts for two Puerto Rico entities.

• Provide detailed support to the FP&A budget owners of the relocation and tax charges that are allocated to the cost centers they manage.

• Respond to all audit inquiries and requests from both internal and external auditors.

• Assist with other ad-hoc special projects as needed.

Position Qualifications:

• BS degree or equivalent in Accounting required.

• Minimum 1-3 years of relevant experience

Preferred Experience and Skills:

• Understanding of General Ledger reconciliation process

• SAP experience in preparing and processing journal entries and eICRs

• Strong interpersonal and organization skills

• Strong Excel skills

• Ability to work with other Company functions and outside third parties

• Good communication skills, both written and oral

• Comfortable working independently as well as part of a team

• Goal oriented; Ability to work under pressure and meet deadlines

• Proactively identify opportunities for streamlining and rendering service delivery more efficiently

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US and Puerto Rico Residents Only:

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