Novo Nordisk Inc Hiring for Director – United States Tax Operations job in Plainsboro Full Time

At Novo Nordisk, our Finance and Operations team is the engine that elevates holistic commercialization of our products. The Finance and Operations team works closely with the business 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. We regulate accounting, uphold workplace safety, manage our supply chain and sampling, support technology, provide commercial operations, insights & analytics, maintain our facilities and assure the integrity and completeness of all business transactions. At Novo Nordisk, you will have the opportunity to build a life-changing 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 the opportunity for continuous learning and personal development. Are you ready to realize your potential?

The Position

To partner with the Head of Tax, North America in leading and managing tax operations, tax compliance, tax risk and indirect taxes for Novo Nordisk Inc. (NNI), its North American affiliates and Novo Nordisk with focused efforts to achieve our Corporate Tax Strategy – to take a sustainable approach to taxes which is commercially driven, responsible and transparent. Responsibilities include all facets of tax operations including expert internal and external corporate tax reporting, proactive business advisement, creating and advancing tax digitalization agenda, tax strategy implementation, tax risk assessment and mitigation, optimizing tax incentives, and providing leadership to the Tax Operations team in order to accomplish these imperatives. With inspiration from our Novo Nordisk Way and Essentials, leadership includes ensuring best in class outcomes through continuous engagement with key stakeholders and developing self, team, and organization.

Relationships

Reports to Head of Tax, North America. Member of NNI Finance & Operations – Finance and Supply Chain, and Global Tax based in Denmark aka Corporate Tax. Constant engagement and alignment with NNI Director of Tax Strategy to ensure seamless integration of tax planning and business development projects. Continual interaction and collaboration with Global Tax, Finance groups and Line of Business personnel at NNI, and all U.S. affiliates including manufacturing sites in North Carolina and New Hampshire and research sites based in Seattle, Washington. Serves as a primary point of contact for U.S. Tax Operations for all internal and external stakeholders including tax and financial auditors. Acts as liaison with outside tax advisors. Experienced direct report(s) and outside advisors will support and report into this position. Position leads with direct and indirect line authority. Role requires involvement with key external Tax industry organizations.

Essential Functions

• Tax Operations:
  • Anchor Tax Operations team for the U.S. region through stakeholder and team engagement, business understanding, tax technical prominence and by providing expert quality deliverables
  • Direct, lead, manage and develop U.S. Tax Operations function and team in order to accomplish all requirements
  • Optimize all internal and external resources and processes to ensure that all actions required to provide deliverables are properly planned, executed, and delivered
  • Ensure professional internal and external corporate tax reporting, proactive business advisement, creation and advancement of tax digitalization agenda, tax strategy implementation, tax risk assessment and mitigation, and optimization of tax incentives
  • Lead externally by participation in key Tax industry organizations such as Global Business Alliance, Tax Executive Institute and Committee on State Taxation. As part, secure knowledge sharing, best practices and build external network
  • Work with key internal business partners and external stakeholders to develop and advocate on U.S. State tax policy supporting Novo Nordisk priorities
• Corporate Tax Reporting:
  • Direct all U.S. Corporate Federal and State including Puerto Rico direct and indirect external tax compliance. As part, all filings must be completed in a complete, accurate and timely fashion with proper tax payments made
  • Direct all U.S. Corporate tax financial reporting on a monthly, quarterly, and yearly basis inclusive of internal requirements and interaction with internal and external financial auditors. Ensure proper current and deferred income tax expense, effective tax rate and income tax balance sheet reporting
  • Ensure proper and optimal U.S Federal tax accounting methods with annual reevaluation and maintenance of tax earnings and profit and taxes basis for all U.S. legal entities
  • Ensure timely delivery of tax forecasts and effective tax rate analysis when required inclusive of required submissions to Corporate Tax
  • Responsible for well-documented and effective internal controls over tax processes, and ensuring compliance with Sarbanes Oxley (Sarbox) requirements
  • Oversight of Indirect Taxes for U.S. Operations, e.g., sales, use, property, unclaimed property, and all business tax filings including VAT refund claims
  • Ensure that all Corporate Tax reporting processes are efficient, efficient and value added with a focus on simplification

• Business Advisement:
  • Understand the Novo Nordisk value chain, e.g., research, clinical development, manufacturing, and commercial operations to be in optimal position to provide tax advice to stakeholders
  • Consistently engage with NNI and U.S. affiliates to ensure proper tax reporting, identify and enable tax planning opportunities and identify and manage related risk. As part, build and maintain relationships with key stakeholders
  • Report tax advice via conversation, presentation, and written communication within Tax team and with relevant stakeholders
• Tax Digitalization:
  • Ensure a cohesive and comprehensive approach to identification, recommendation and integration of tax technology implementations, automation, data wrangling, and analytics to create process and stakeholder value
  • Oversee, monitor, and report on an annual roadmap of NNI tax technology imperatives which incorporates both NNI, regional and HQ Finance/Tax initiatives
  • Utilize tax technology to streamline tax compliance with a focus on efficiency and enable the strategic value of Tax Operations for the organization
  • Lead and assist with implementation of tax technology strategic imperatives
  • Identify and ensure training to Tax Operations and key internal stakeholders that support tax digitalization initiatives

• Tax strategy implementation:
  • Engage and align with Tax Strategy team to ensure seamless integration of tax planning and business development opportunities
  • Provide support to stakeholders including NNI and Corporate Financial Accounting teams to enable proper financial reporting of tax acquisitions, structuring and restructurings
  • Ensure proper tax reporting of all tax planning and business development initiatives including discussions with internal and external auditors
  • Ensure proper U.S. Federal and State tax return disclosures of all tax planning business development initiatives
  • Provide necessary insight and Tax Operations expertise to Tax Strategy team as required
• Tax Risk Assessment and Mitigation:
  • Responsible for ongoing assessment of risk profile and reporting to Corporate Tax for ultimate discussion with senior leadership. As part, provide biannual tax risk reporting to Corporate Tax and tax risk memos for key risks
  • Develop and maintain audit defense and mitigation strategies inclusive of documentation for all key risks
  • Ensure all U.S. Federal and State audits are appropriately managed and shared with corporate tax via biannual reporting
  • Safeguard tax transparency by understanding and influencing proper tax policy, processes, and procedures in collaboration with relevant stakeholders
  • Support business in assessment of permanent establishment tax risk in collaboration with Corporate Tax with tax advice to limit exposure

• Tax Incentives:
  • Lead identification and optimization of U.S. Federal and State incentives related to our U.S. research, manufacturing, and commercial operations
  • Ensure best in class processes in capturing, reporting, and achievement of all U.S. Federal and State Tax incentives for base business and expansions
  • Communication of current state and opportunities with the incentive area to relevant stakeholders to enable understanding, support, and realization of incentives

Physical Requirements

0-10% overnight travel required.

Development of People

Ensure that reporting personnel have individual development plans (IDP), with annual goals and measurements that are consistent with the priorities of the business, and that interim reviews are held so that their work is focused on those priorities, and they understand their level of accountability for results and the measurement process. Ensure that the IDP forms include completed learning and aspiration plans and are in place for all reporting personnel to enable the achievement of goals and capability to assume increased levels of responsibility. Manage the application and communication of all Novo Nordisk policies, procedures, and Novo Nordisk Way.

Qualifications

• Bachelor’s Degree in Accounting or Finance with CPA license, Masters in Tax or JD with LLM in Taxation preferred
• Minimum 12 years of progressive experience in public accounting and/or multinational corporate tax department
• Requires at least 4 years supervisory experience with demonstrated ability to generate team engagement, collaboration, development, credibility, and commitment
• At least 5 years pharmaceutical industry experience preferred
• Strong technical knowledge with experience covering a broad range of complex U.S. Federal, State, and international tax matters
• Extensive experience with tax operations, tax compliance, tax accounting, financial reporting, tax audits and controversy, tax advisement and internal and external stakeholder management
• Exceptional business communication skills to effectively relate complex tax issues to senior leadership and demonstrated ability to influence optimal tax outcomes
• Ability to build relationships and collaborate extensively with key business partners and stakeholders
• Self-started, ability to lead and motivate people

We commit to an inclusive recruitment process and equality of opportunity for all our job applicants.

At Novo Nordisk we recognize that it is no longer good enough to aspire to be the best company in the world. We need to aspire to be the best company for the world and we know that this is only possible with talented employees with diverse perspectives, backgrounds and cultures. We are therefore committed to creating an inclusive culture that celebrates the diversity of our employees, the patients we serve and communities we operate in. Together, we’re life changing.

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.

Novo Nordisk requires all new hires to be fully vaccinated against COVID-19 prior to the first date of employment. As required by applicable law, Novo Nordisk will consider requests for reasonable accommodation.

If you are interested in applying to Novo Nordisk and need special assistance or an accommodation to apply, please call us at 1-855-411-5290. This contact is for accommodation requests only and cannot be used to inquire about the status of applications.