Bausch + Lomb

Financial Analyst

Bausch + Lomb

Aug 5th, 2022
One of the oldest continually operating companies in the US today, Bausch + Lomb traces its roots to 1853, when John Jacob Bausch, a German immigrant, set up a tiny optical goods shop in Rochester, New York. When he needed more money to keep the business going, Bausch borrowed $60 from his good friend, Henry Lomb. Bausch promised that if the business grew, Lomb would be made a full partner. The business did grow and the partnership was formed.

In the early years, Bausch + Lomb manufactured revolutionary rubber eyeglass frames as well as a variety of optical products that required a high degree of manufacturing precision. By 1903, the firm had been issued patents for microscopes, binoculars, and even a camera shutter based on the eye’s reaction to light...

A History of Innovation
In the 1900’s, Bausch + Lomb continued to demonstrate its place at the forefront of technological innovation for optical products. Bausch + Lomb produced the first optical quality glass made in America, developed ground-breaking sunglasses for the military in World War I, and created the lenses used on the cameras that took the first satellite pictures of the moon. In 1971, Bausch + Lomb introduced the first soft contact lenses and is still the largest global provider of eye care products.

Although products and times have changed, Bausch + Lomb still adheres to the legacy of dedication to innovation, quality, and craftsmanship established by John Jacob Bausch and Henry Lomb. In August 2013, Bausch + Lomb became the eye care division of Valeant Pharmaceuticals International, Inc.
Bridgewater, NJ
http://www.bausch.com/

Bausch + Lomb Corporation, (NYSE/TSX:BLCO), is solely dedicated to protecting and enhancing the gift of sight for millions of people around the world from the moment of birth through every phase of life. Our mission is simple yet powerful: Helping you see better to live better.

The company is one of the best-known and most respected healthcare brands in the world, offering the widest and finest range of eye health products including contact lenses and lens care products, pharmaceuticals, intraocular lenses, and other eye surgery products.

Our highest priority is the well-being of the people we serve. By listening to our customers and patients, by constantly honing our innovation edge, by executing with integrity and excellence, we strive to earn the trust of our partners and stakeholders.

Over the last 167 years, Bausch + Lomb has become a global hallmark for innovation and quality. Our talented and motivated colleagues work relentlessly to invent new materials, engineer new technologies, and ultimately bring new innovations to help people see better to live better.

Position Summary:
The Financial Analyst, reporting directly to the Manager, General Accounting is responsible for processing monthly, quarterly, and annual accounting activities. In this newly developed role, the incumbent will record accruals, reallocations of expenses by line of business and prepare month end inventory entries. They will also participate in special projects and ad-hoc analysis to support business goals.

Responsibilities:

  • Perform general accounting activities such as recording journal entries, analyzing financial variances, and preparing balance sheet reconciliations while ensuring that proper accounting policies are followed
  • Prepare month end inventory entries (in-transit inventory, obsolescence and excess inventory provisions, intercompany mark-up, purchase prices variances, etc.)
  • Ensure intercompany balances related to inventory are reconciled/balanced monthly
  • Account for deductions by product (surgical rebates, cash discounts, returns, trade spend, etc.)
  • Participate in monthly, quarterly, and year-end closings including analyzing trends/variances
  • Record and follow up on monthly accruals
  • Perform frequent uploads of all accounting records into consolidation system during month-end
  • Record the reallocation of expenses by line of business
  • Coordinate the collection of relevant documents to either the external or internal auditors
  • Ensure the correct application of SOX controls in effect (Data extraction, report preparation, control validations and gathering of documentation)
  • Work closely with other departments (Ops, Sales, Supply chain,) as well as outsourcing parties
  • Prepare Statistics Canada reports
  • Prepare and declare GST/HST/QST/etc. reports for all the appropriate government agencies
  • Other relevant task
  • Perform various analysis requested by supervisors

Candidate Profile:

  • CPA designation preferred or relevant work experience
  • University degree in Finance or Accounting
  • Advanced Microsoft Excel skills (e.g., Pivot tables, formulas: vlookup, sumifs, concatenate, right/left, etc.)
  • Knowledge of SAP an asset
  • Demonstrate strong organizational skills, engagement, versatility, thoroughness, and autonomy
  • Strong communication skills (in writing and verbal)
  • Must work efficiently in high pressure situations
  • Ability to work as a team

Competencies:
Executing for Results

  • Ability to recognize and maximize opportunity on behalf of the organization
  • Goal-oriented, project-oriented, and achievement-oriented
  • A demonstrated commitment to excellence

Setting Strategy

  • A strategic thinker that can forge a vision for success and engage others to support that vision
  • Ability to recognize, embrace and exploit emerging technologies/opportunities to gain a competitive marketing advantage

Leadership

  • Drive, coupled with energetic, entrepreneurial leadership qualities
  • Promotes innovation and continuous learning

Building Relationships and using Influence

  • Creates value for the customer and focuses on the external environment
  • Ability to manage the matrix and deal with ambiguity, including strong emotional intelligence and communication skills that facilitate decision making and execution
  • Strong collaborative skills

Personal Qualities:

  • Takes initiative (one step ahead), perseveres, strong character
  • Calculated risk-taker: understands consequences and makes the right calls based on them
  • Entrepreneurial, adaptable, flexible
  • “Roll up Sleeves” attitude, practical, efficient
  • Goal-oriented, data based, decisive
  • Open minded; seeks “out of the box” solutions
  • Strong interpersonal skills. Team player; collaborative
  • Personal and professional integrity

The masculine is used in this publication without prejudice for the sake of conciseness.

Bausch & Lomb is committed to equal employment opportunity and complies with equal employment opportunity laws in effect wherever it operates.

We are an equal opportunity employer. Minorities, women, veterans, and individuals with disabilities are encouraged to apply. Accommodations for job applicants with disabilities are available on request.

If you require alternative methods of application or screening, you must approach Bausch + Lomb directly to request this, as we're not responsible for the employer's application process.

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