As a leading global contract research organization (CRO) with a passion for scientific rigor and decades of clinical development experience, Fortrea provides pharmaceutical, biotechnology, and medical device customers a wide range of clinical development, patient access, and technology solutions across more than 20 therapeutic areas. Conducting operations in more than 90 countries, Fortrea is transforming drug and device development for partners and patients across the globe.
The Executive Director, Internal Controls will own the global financial internal controls framework of Fortrea as part of the Controllership and Accounting team. The responsibilities include leading the design, implementation, and training to comply with applicable requirements under SOX. This role will partner with various leaders in finance, operations, internal and external auditors, and engage third parties as needed for planning, design and remediation, as required. This leader will be instrumental in fostering collaboration and have the ability to influence significant cross functional change in a dynamic environment.
Fortrea is a company dedicated to the idea that people at all levels of our organization should reflect the communities we serve. Diversity, equity, inclusion, and belonging are more than just concepts; they are woven into our DNA. We believe in cultivating a workspace where all employees can thrive.
Our mission is to help our clients bring the miracles of medicine to market sooner -- join us for your next career move.
Responsibilities include, but are not limited to:
- Provide leadership that facilitates a culture of embedding SOX compliance in the day to day of operations across the organization by developing relationships with leadership to understand the business and risks, educating management on SOX requirements, and providing guidance to enhance the control environment.
- Collaborate closely with control and process owners to develop and implement remediation plans for identified control deficiencies.
- Collaborate with cross-functional teams to design internal controls in new systems, incorporating automated controls wherever possible.
- Conduct risk assessments to identify key controls, evaluate control design effectiveness, and assess the overall control environment, aligning with industry best practices and regulatory standards.
- Liaise with internal and external auditors and senior management to communicate the status of SOX compliance efforts.
- Collaborate closely with Internal Audit on control design, control testing and remediation.
- Perform assessments of the SOX impact of new transactions, changes in processes and procedures, system implementations, and new accounting standards.
- Responsible for engaging control and process owners to maintain documentation relevant to the SOX program such as narratives, flowcharts, and risk assessments.
- Communicate required changes to all control and process owners as needed, and provide ongoing training in areas of controls, policies and procedures and SOX compliance.
Qualification:
- Bachelor’s degree in accounting, finance, business administration, or a related field.
- Master's degree or professional certifications such as CPA, CMA, or CIA is preferred.
- Fortrea may consider relevant and equivalent experience in lieu of educational requirements.
Experience:
- Minimum of 14 years of relevant experience in Finance or Business
- Minimum of 10 years of technical relevant experience in SOX compliance and implementing internal controls.
- Experience in implementing and leading successful SOX internal controls design and operating effectiveness programs at large, complex multinational organization(s).
- Experience overseeing compliance with all SOX controls including reporting, general ledger, revenue accounting, receivables, fixed assets, payables, payroll, tax, treasury, and equity.
- Detailed knowledge of SOX, & US GAAP accounting.
- Experience implementing a risk-based and pragmatic approach to developing/optimizing an efficient SOX program in a dynamic environment.
- Strong leadership skills are required, including demonstrated experience influencing significant change cross-functionally in complex organization(s).
- Outstanding verbal and written communication skills.
- Critical thinking and project management skills.
Preferred:
- CRO industry experience; external audit experience with a Big 4 or large regional accounting firm a plus.
- Experience with US GAAP ASC 606 for Revenue Recognition is a plus.
Pay Range: $170,000-$240,000 (The range does not include benefits, and if applicable, bonus, commission, or equity)
Benefits: All job offers will be based on a candidate’s skills and prior relevant experience, applicable degrees/certifications, as well as internal equity and market data. Regular, full-time or part-time employees working 20 or more hours per week are eligible for comprehensive benefits including: Medical, Dental, Vision, Life, STD/LTD, 401(K), ESPP, Paid time off (PTO) or Flexible time off (FTO), and Company bonus where applicable. For more detailed information, please click here.
The application deadline for this role is November 18th, 2024.
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Fortrea is actively seeking motivated problem-solvers and creative thinkers who share our passion for overcoming barriers in clinical trials. Our unwavering commitment is to revolutionize the development process, ensuring the swift delivery of life-changing ideas and therapies to patients in need. Join our exceptional team and embrace a collaborative workspace where personal growth is nurtured, enabling you to make a meaningful global impact. For more information about Fortrea, visit www.fortrea.com.
Fortrea is proud to be an Equal Opportunity Employer:
As an EOE/AA employer, Fortrea strives for diversity and inclusion in the workforce and does not tolerate harassment or discrimination of any kind. We make employment decisions based on the needs of our business and the qualifications of the individual and do not discriminate based upon race, religion, color, national origin, gender (including pregnancy or other medical conditions/needs), family or parental status, marital, civil union or domestic partnership status, sexual orientation, gender identity, gender expression, personal appearance, age, veteran status, disability, genetic information, or any other legally protected characteristic. We encourage all to apply.
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