Description Kenvue is currently recruiting for: Global Commercial Accounting Director Who We Are At Kenvue, we realize the extraordinary power of everyday care.
Built on over a century of heritage and rooted in science, we're the house of iconic brands - including NEUTROGENA®, AVEENO®, TYLENOL®, LISTERINE®, JOHNSON'S® and BAND-AID® that you already know and love.
Science is our passion; care is our talent.
Our global team is made by 22,000 diverse and brilliant people, passionate about insights, innovation and committed to deliver the best products to our customers.
With expertise and empathy, being a Kenvuer means to have the power to impact life of millions of people every day.
We put people first, care fiercely, earn trust with science and solve with courage - and have brilliant opportunities waiting for you! Join us in shaping our future-and yours.
Watch us here: https://www.youtube.com/watch?v=XhsbOsBiX_M What You Will Do Kenvue is recruiting for a Global Commercial Accounting Director for its Finance Operations team.
As a member of our Finance Operations team, you will have exclusive access to a network of financial professionals worldwide.
This network will help you build on your current skills and explore opportunities to grow your career at Kenvue. Within Kenvue's Finance Operations team, we value ideas for innovation and improvement and are committed to diversity and inclusion.
Together we will reimagine business processes to become more effective, more efficient, and improve customer experience. This role is part of the Finance Operations leadership team with the successful candidate being the Commercial Accounting expert for Kenvue.
This role will deliver oversight to ensure decisions made in the Commercial Accounting area are compliant and consistent with worldwide procedures.
The Commercial Accounting Director is responsible for overseeing and directing Kenvue's revenue recognition, gross to net sales accounting, advertising & sales promotion equalization, and accruals (trade spend, rebates, returns, etc.) processes in compliance with company policy and applicable regulatory requirements.
This includes planning, controlling, and directing the firm's commercial accounting operations, as well as designing and implementing measures to ensure accurate revenue recording and reporting. Key Responsibilities: • Oversee all activities related to commercial accounting, including sales, gross to net sales accounting, rebates and promotions accounting, billings, deferrals, reserves, sales to COGS reconciliations, and revenue recognition, globally. • Oversee and manage the accounting operations related to Billed Marketing Expenses (BME) and royalties, ensuring the accuracy and integrity of revenue recognition in line with global accounting standards. • Maintain a deep understanding of the organization's revenue cycles and business models. • Implement, monitor, and ensure adherence to company policies and procedures to comply with Generally Accepted Accounting Principles (GAAP) and Securities and Exchange Commission (SEC) regulations. • Serve as the company expert in Commercial Accounting ensuring consistency of accounting treatment, driving deep expertise across the department. • Prepare and present accurate and timely financial reports to Senior Management. • Liaise with Legal Entity Controllers to ensure audit compliance and assist with any audit requests received. • Oversee ongoing improvements and automation projects within the commercial accounting team. • Remain updated with industry trends, changes in accounting rulings, and latest technologies to ensure the team is evolving as per industry standards. • Focusing on global standardization and optimization across all business units, collaborating regularly on the development and adherence to documentation and Standard Operating Procedures (SOP), with the key aim to implement and maintain one consistent, high-quality standard across regions. Qualifications What We Are Looking For Required Qualifications • A minimum of a bachelor's level degree or equivalent is required, preferably in accounting or finance. • CPA, CMA, MBA and/or other financial certifications is preferred. Languages: * Fluent English, other language skills desirable, confidence in presenting to Senior Management in English Experience and Skills: Required: • At least 10 years of professional experience is required • At least 4 years of Management / Supervisory experience is required • Strong interpersonal skills and the ability to interact with employees at all levels • Ability to frame clear & concise communication across all relevant stakeholders • Be open to new ideas, rapid change and embracing new technologies • Experience in a Commercial Accounting department desirable • Experience in a Global Account to Report function of a large multi-state company • Ability to handle ambiguity and fluid situations, demonstrating a pragmatic approach • Successfully manage multiple priorities, be very organized and work efficiently to tight deadlines • Ability to sponsor and drive process and continuous improvementinitiatives • Solid US GAAP accounting knowledge preferrable • Lead/Participate in other Regional/Global/Cross functional duties as assigned Kenvue is proud to be an Equal Opportunity Employer.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identify, age, national origin, or protected veteran status and will not be discriminated against on the basis of disability.
