Director, Finance (Controller)

Date:  May 19, 2024

Toronto, Canada, Ontario, M1B2K9

Company:  Teva Pharmaceuticals
Job Id:  54369

Who we are

Together, we’re on a mission to make good health more affordable and accessible, to help millions around the world enjoy healthier lives. It’s a mission that bonds our people across nearly 60 countries and a rich, diverse variety of nationalities and backgrounds. Working here means working with the world’s leading manufacturer of generic medicines, and the proud producer of many of the products on the World Health Organization’s Essential Medicines List. Today, at least 200 million people around the world take one of our medicines every single day. An amazing number, but we’re always looking for new ways to continue making a difference, and new people to make a difference with.

The opportunity

The Controller will oversee all sides of accounting operations including regular financial reporting including monthly internal reporting and annual year-end financial reporting. The position will include reporting the accuracy and completeness of the local financial records and will ensure all accounts are reconciled monthly. It will also include managing the details of any internal or external financial audits. This position will also manage a Revenue Accountant, Global Business Services (GBS) and lead the local Accounts Receivable (A/R) team of employees.  This position will also manage a Revenue Accountant, Global Business Services (GBS) and lead the local Accounts Receivable team. This will include maximizing invoice collection efforts, application and resolution of customer deductions and day-to-day treasury activities. It will also include reporting to both local and regional finance on all aspects of cash, cash collection and cash management.

How you’ll spend your day

Month End / Year End and all Close Activities:
Coordinates and manages all month end close activities across all finance functions
Ensures reporting is timely and accurate
Ensures all reporting is aligned with both local, regional and corporate accounting policies
Develops and submits all month end reports required for International Markets or Corporate
Ensures timely and accurate reconciliation of all balance sheet accounts
Develops and submits all month end reports required for International Markets (IM) or Teva Corporate
Ensure all local SOX controls are in place and working effectively
Develops and/or works to improve efficient processes across all GL activities
Rolls out all accounting guidelines as directed by Teva Corporate to ensure Canadian financials are aligned with policy
Manages all financial audit activities including internal and external
Works collaboratively across the organization including ensuring all gross to net activities are recorded and cleared accurately and timely with all valid approvals
Ensure ERP system is functioning and reporting results accurately and continually work to deliver efficiencies, improved process and controls in support of cost effectiveness
Presentations to local and global Executive Management team as required
Self-motivated with high bias for action and urgency 
High level of energy. Able to energize and influence a wide spectrum of people, including senior financial and operational professionals
Ability to meet strict, aggressive deadlines

A/R Leadership and Management
Leadership of a staff of approximately seven (7) employees on all aspects of accounts receivable including invoice recording, claims, deductions and cash application
Support the A/R team in the below activities:
Implementing efficient process to ensure timely processing of all invoices, deductions, and credits in support of accurate representation of financial results
Work collaboratively with the Trade and FP&A team to ensure all deductions are adequately covered with offsetting accruals at the end of the reporting periods
Review, manage and report of all aged items with recommendations to management on exposure and align with company guidelines for potential collection risk
Ensure customers are reviewed annually for appropriate credit limits to minimize financial risk
Effectively and collaboratively deal with customer issues on a timely manner 
Provide all required reporting internally and externally as required
Ensure ERP system is functioning and reporting results accurately and continually work to deliver efficiencies, improved process and controls in support of cost effectiveness.

Revenue Accounting
Lead and manage one revenue accountant 
Responsible for all aspects of revenue accounting including ensure adequate reserves related to revenue including but not limited to chargeback, returns and early payment terms accruals
Supports all aspects of revenue for internal and external audits 
Ensures accuracy of all financial reporting related to revenue 

Manage all GBS Activities
Integrate with all GBS Leaders to ensure the timely and accurate recording of all transactions led by the respective teams
India – Expense Reporting including policy alignment
GL activities including intercompany and any balance sheet accounts
Cash application
Accounts payable

Other duties and ad hoc requests as assigned

Your experience and qualifications

Bachelor Degree completed in Finance or relevant field; Preferred:CPA. MBA is an asset

10+ years progressive experience; 5 years in management experience

Extensive Gross to Net Knowledge    

SAP/ ERP, Vistex, Strong working knowledge of excel and capability to handle complex files

Thorough knowledge of technical accounting and US GAAP application

Thorough understanding of collections processing, deductions and claims validation and processing

Capability to handle a high volume of transactions     

Advanced practical experience in financial planning and control, preferably in the commercial space

Good understanding of quality and manufacturing as it relates to products, processes and compliance

Strong appetite for continuous improvement and driving efficiency 

Excellent, open, and proactive communication capabilities, identifying and addressing issues via an open, candid dialogue

Ability to relay financial information to non-financial managers.

Fosters a high-performing organization with a focus on performance-driven culture

Demonstrate outstanding leadership capabilities, building an inclusive and diverse working environment

Possess strong analytical, problem solving and critical thinking skills

Pharmaceutical Industry knowledge a strong asset

5-10% travel per year

Already Working @TEVA?

If you are a current Teva employee, please apply using the internal career site available on "Employee Central". By doing so, your application will be treated with priority. You will also be able to see opportunities that are open exclusively to Teva employees. Use the following link to search and apply: Internal Career Site

The internal career site is available from your home network as well. If you have trouble accessing your EC account, please contact your local HR/IT partner.

Teva’s Equal Employment Opportunity Commitment

Teva Pharmaceuticals is committed to equal opportunity in employment. It is Teva's global policy that equal employment opportunity be provided without regard to age, race, creed, color, religion, sex, disability, pregnancy, medical condition, sexual orientation, gender identity or expression, ancestry, veteran status, national or ethnic origin or any other legally recognized status entitled to protection under applicable laws. We are committed to a diverse and inclusive workplace for all. If you are contacted for a job opportunity, please advise us of any accommodations needed to support you throughout the recruitment and selection process. All accommodation information provided will be treated as confidential and used only for the purpose of providing an accessible candidate experience.