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Eli Lilly and Company · 1 day ago

Associate Director - Controller, Pension and Benefit Investments, U.S. Benefit Plans

Indianapolis, IN

Full-time

Onsite

Lead/Staff, Director/Executive

$128K/yr - $187K/yr

5+ years exp

Eli Lilly and Company is a global healthcare leader headquartered in Indianapolis, Indiana. The Associate Director - Controller is responsible for leading fiduciary oversight, controllership, and regulatory compliance management for approximately $32 billion of benefit plan assets, coordinating with internal and external partners to ensure robust controls and documentation.

BiotechnologyHealth CareMedicalPharmaceutical

No H1B

Responsibilities

Manage relationships with EY, Plante Moran, Northern Trust, and other key service providers, including all contracts

Oversee quality, timeliness, fee arrangements, and relationship strategy with key vendors

Facilitate negotiations, benchmarking, and RFPs as needed

Drive process improvements and leverage relationships to ensure best practices, in particular on-going integration with GSAM processes to drive efficiencies

Review and approve daily transactions including vendor payments, plan expenses, retiree payroll funding, and Company 401(k) monthly match coordination with trustees and external partners

Review and approve account reconciliations, journal entries, and journal voucher logs

Manage operations support for information requests from internal (Treasury, CFR, Legal, HR) and external (Aon, Northern Trust, EY, OCIO provider) business partners

Manage payment of Pension Benefit Guaranty Corporation (PBGC) premiums and related annual filings in coordination with Aon and HR

Ensure maintenance of all required regulatory documents and fiduciary records

Lead VEBA I Trust company contribution and reimbursement process and balance sheet forecasting for Corporate Financial Reporting

Coordinate retiree health plan reimbursement to the company

Identify opportunities for operational improvements, outsourcing, and cost reductions across the plans

Manage compilation of benefit plan financial statements through outsourced accounting firm

Manage completion of benefit plan audits for U.S. and Puerto Rico Retirement Plans, U.S. and Puerto Rico Savings Plans, Lilly Employee Welfare Plan, and Lilly Retiree Health Plan

Oversee Form 11-K SEC filing for U.S. and Puerto Rico Savings Plans

Lead completion of Department of Labor Form 5500 filings (9 filings) including all schedules and IRS Form 8955-SSA filings (4 filings), ensuring timely completion by statutory due dates

Monitor new accounting pronouncements and regulations for impact on benefit plan financial statement disclosures and regulatory filings

Coordinate responses to Department of Labor audits as needed

Lead review and preparation of audit procedures for Alternative Investments driven by 'Critical Audit Matter' (CAM) assessments

Coordinate all tax-related filings and compliance with third-party tax provider and trustee/custodian, maintaining current knowledge of industry best practices

Support Sarbanes-Oxley (SOx) related activities for PBI in coordination with Payroll, HR, and Corporate Financial Reporting

Support completion of all PBI work for disclosures in Company's 10-K Retirement Benefits footnote, including year-end asset leveling process

Manage responses to Corporate Audit Services' and EY's interim and year-end corporate audit requests

Create reporting for Lilly company annual corporate year-end audit, including gathering, analyzing, and summarizing pension footnote information

Support key company financial control and reporting processes including SOx compliance and external audit requests

Lead annual collection and review of affiliate pension data for compliance with Lilly Financial Policy 2L

Lead compliance and operational aspects for Savings Plan Master Trust

Review monthly disbursement reconciliation between custodian and administrator

Analyze and recommend annual accrual settings and prepare required disclosures

Prepare annual fiduciary review process for benefit plan oversight committee

Coordinate gathering and organizing cost and performance data for third-party benchmarking analysis

Provide annual historical cost analysis for the trusts and present to management and oversight committee

Qualification

CPAGAAP standardsERISA complianceControllership experienceCorporate finance skillsThird-party relationship managementExcel proficiencyProject managementLearning agilityCommunication skillsTeamwork orientationProblem solvingInterpersonal skillsFlexibilityIntegrity

Required

Bachelor's degree in Finance, Accounting, or MBA/MS with Finance/Accounting focus

Minimum 5-7 years of collective experience in accounting or finance

Qualified candidates must be legally authorized to be employed in the United States. Lilly does not anticipate providing sponsorship for employment visa status for this position

Strong corporate finance/accounting analytical skills and aptitude with inquisitive nature

Direct controllership experience in previous role

Deep understanding of GAAP standards, ERISA regulations, and benefit plan compliance

Strong project management skills to develop detailed plans, direct internal resources (HR/Legal/Corporate Reporting/Audit) and external parties, manage costs/risks, and develop/deliver communication plans

Process owner/problem solver with proven experience driving productivity and creating repeatable, sustainable practices

Flexibility and teamwork orientation to goals and changing priorities

Strong communication, relationship, and teamwork skills

Learning agility to interpret new accounting and regulatory pronouncements and evaluate risks, impact, and alternatives

Third-party relationship management, due diligence, negotiation, and contracting experience

Knowledge of benefit plans (strategic and operational), trustee/custodian management, and fiduciary/regulatory/tax issues

Familiarity with actuarial concepts and fiduciary governance

Proficiency in Excel, Microsoft Office, and SAP

Experience working with internal and external auditors and financial management

Strong interpersonal communication skills and willingness to speak up and raise concerns

Sense of ownership, integrity, and commitment