Johnson & Johnson is seeking a Finance Team Lead, Gross-to-Net (GTN) to join our Finance organization located in Toronto, ON.
At Johnson & Johnson, we believe health is everything. Our strength in healthcare innovation empowers us to build a world where complex diseases are prevented, treated, and cured, where treatments are smarter and less invasive, and solutions are personal. Through our expertise in Innovative Medicine and MedTech, we are uniquely positioned to innovate across the full spectrum of healthcare solutions today to deliver the breakthroughs of tomorrow, and profoundly impact health for humanity. Learn more at https://www.jnj.com/.
For more than 130 years, diversity, equity & inclusion (DEI) has been a part of our cultural fabric at Johnson & Johnson and woven into how we do business every day. Rooted in Our Credo, the values of DEI fuel our pursuit to create a healthier, more equitable world. Our diverse workforce and culture of belonging accelerate innovation to solve the world's most pressing healthcare challenges.
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We know that the success of our business - and our ability to deliver meaningful solutions - depends on how well we understand and meet the diverse needs of the communities we serve. Which is why we foster a culture of inclusion and belonging where all perspectives, abilities and experiences are valued and our people can reach their potential.
At Johnson & Johnson, we all belong.
Position Overview:
As the Finance Team Lead for Gross-to-Net (GTN), you will play a pivotal role in overseeing the accounting process of rebates, free goods, and other items within GTN, ensuring accuracy in our total company revenue. You will serve as a Financial Advisor to Business Unit Finance Partners, delivering critical insights to drive informed decisions regarding forecasts and BvA analysis. In this leadership role, you will lead a team of two (one professional and one contractor) and oversee the consolidation, communication, and analysis of total company GTN results, trends, and variances. Your expertise in GTN and partnership with key stakeholders in Market Access and BioAdvance will contribute to optimizing company value and protecting our gross margin.
Key Responsibilities
- Lead and manage a team of two professionals to execute GTN responsibilities effectively.
- Consolidate and communicate total company GTN results, analysis, and trends for all Canadian products to Finance (CFO & Staff) and Business Leadership (VPs and Directors).
- Focus on GTN, related reserves, deductions, and allowances, ensuring optimal management to drive company value and understanding of variances.
- Manage Gross to Net financial controls, including review and approval of monthly true-ups, balance sheet reconciliation, SAP auto rates and advanced analytics across all brands.
- Partner closely with Base Business and Immunology finance teams to ensure accurate accounting for reimbursement of products.
- Identify and implement opportunities for creating efficiencies within the GTN process, streamlining workflows, and optimizing resource allocation.
- Manage strategic planning, capital spend planning, budgeting, and supervise month-end closing for the BioAdvance business unit, which develops patient support programs.
- Support ad hoc projects, processes and requests as required including projects to help identify, plan and execute cost savings / avoidance and process improvement projects.
- Ensure that the principles and elements of the J&J Credo, business policies, Healthcare Compliance, Regulatory, GAAP, and Sarbanes Oxley are adhered to in all aspects of the role.
- Collaborate with Global Services (GS) and Finance Business Partners for month end closing process, including input on business specific reserves and operating expenses.
Qualifications
Education
- University degree coupled with a qualified accounting designation (CA, CMA, or CGA).
Experience and Skills
- 7+ years of progressive and diverse experience across finance and accounting functions, with Sales & Marketing Finance experience required.
- Deep understanding of the Canadian pharmaceutical reimbursement industry preferred.
- Demonstrated leadership skills in effectively managing a team of finance professionals.
- Proven ability to partner with and influence senior Finance, Marketing, and Access business stakeholders.
- Strong communication and presentation skills for delivering complex financial analytics and insights to senior partners.
- Resourceful and independent, excelling in a challenging environment with high change and complexity.
- Solid grasp of accounting principles and ability to uphold a strong compliance environment.
- Proficiency in Excel and strong PC skills; SAP experience is an asset.
Diversity and inclusion are central elements of the shared culture across the Johnson & Johnson Family of Companies. Attracting, developing, and retaining a workforce that reflects the diversity of our customers and communities is essential to our success. We are committed to providing a respectful, inclusive, and accessible work environment where all employees can achieve their potential.