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Type of Role: InvestmentsOperations

Experience Level: VP/Principal/Director

Location: Indianapolis, Indiana

Salary: $113K - $143K

At Lilly, we unite caring with discovery to make life better for people around the world. We are a global healthcare leader headquartered in Indianapolis, Indiana. Our employees around the world work to discover and bring life-changing medicines to those who need them, improve the understanding and management of disease, and give back to our communities through philanthropy and volunteerism. We give our best effort to our work, and we put people first. We’re looking for people who are determined to make life better for people around the world.

Lilly’s Pension Benefit Investment Team (‘PBI’) within Global Treasury, provides critical investment strategy and implementation, fiduciary oversight, controllership, cash management and maintains direct responsibility for regulatory and financial reporting for the U.S. benefit plans. These plans include significant assets and exposures, liabilities and the related operations and transactions for Lilly’s U.S. and Puerto Rico employee pension, savings, retirement health and active employee welfare plan benefits.

Are you energized by contributing to operations and compliance activities in a corporate environment? We are looking for a hardworking team member to join the Lilly Family! Read on for more information.

Operational/Compliance Support –

  • Develop, implement and document fiduciary oversight and operational processes and controls, including those driven by changes in the regulatory environment and evolving industry best practices, for example, conducting the Section 408(b)(2) (fee disclosure) periodic reviews
  • Lead Fair Market Value (FMV) analysis and review for all private holdings (175+) as part of the Retirement Plan and Retiree Health Plan financial statement preparation/audit
  • Lead year end asset leveling process for the Form 10-K pension footnote
  • Lead review and preparation of audit procedures required for Alternative Investments, driven by the “Critical Audit Matter” (‘CAM’) assessment by EY for Lilly’s annual company audit and Form 10-K filing
  • Coordinate all tax-related filings and compliance with guidance from third-party tax provider and third-party trustee/custodian and keeping abreast of industry best practices
  • Provide backup on all Operations, Controllership, Auditing and Regulatory Processes in the team for both the Controller and the Assistant Controller
  • Lead compliance and operational aspects for the Savings Plan Master Trust, including review of monthly disbursement reconciliation between custodian and administrator, analysis and recommendation of annual accrual setting and preparation of required disclosures
  • Direct and review project work completed by the Assistant Controller, including the annual benchmarking survey and fiduciary liability application and presentation. Present findings and related recommendations to governance committee
  • Build and maintain an annual Operations and Middle Office Deliverable Calendar

Middle Office Support –

  • Review/approve investment manager fees for payment to public equity and fixed income managers, resolve discrepancies and advise Executive Director of Investments
  • Develop broad understanding of operational due diligence practices/regulations/expectations in the industry with investment managers, peers, legal experts and regulatory advice and determine if any enhancements/steps should be added to current team procedures and documentation
  • Lead and manage cybersecurity assessments of all plan providers, in coordination with Lilly Legal, Procurement, IT and other partners
  • Become backup team expert (behind Senior Director) on all accounting and regulatory actuarial measures, forecasts, sensitivities and potential implications
  • Lead annual collection and review of affiliate pension data for compliance with Lilly Financial Policy 2L
  • Actively support record retention initiatives to drive efficiency, and own/lead document retention for public equity and fixed income managers for all plans and trusts
  • Complete other special projects, as needed

Basic Qualifications

  • Bachelor’s degree in Finance, Accounting, or related field or graduate degree (MBA, MS, etc.) with Finance/Accounting focus.
  • Minimum 5 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 (e.g., H-1B or TN status) for this employment position.

Additional Preferred Competencies/Skills:

  • Strong project management skills to develop detailed plans, direct cross-functional internal teams and external partners, manage costs/risks, develop/deliver communication plans and evaluate effectiveness
  • 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/teamwork skills
  • Learning agility to interpret new accounting and regulatory pronouncements and evaluate risks, impact and alternatives
  • External relationship management, due diligence, negotiation and contracting
  • External focus in the development of peer relationships, deeply learning about the industry and best practices
  • Knowledge of benefit plans (strategic and operational), trustee/custodian management, fiduciary/ regulatory/tax issues
  • Familiarity with actuarial concepts and fiduciary governance and/or actuarial or investment certifications (e.g., CFA, CAIA, or EA)

Additional Information:

  • Moderate travel, ~5-10%
  • Role is based in Indianapolis, Indiana

Eli Lilly and Company, Lilly USA, LLC and our wholly owned subsidiaries (collectively “Lilly”) are committed to help individuals with disabilities to participate in the workforce and ensure equal opportunity to compete for jobs. If you require an accommodation to submit a resume for positions at Lilly, please email Lilly Human Resources ( ) for further assistance. Please note This email address is intended for use only to request an accommodation as part of the application process. Any other correspondence will not receive a response.

Lilly is an EEO/Affirmative Action Employer and does not discriminate on the basis of age, race, color, religion, gender, sexual orientation, gender identity, gender expression, national origin, protected veteran status, disability or any other legally protected status.

Our employee resource groups (ERGs) offer strong support networks for their members and help our company develop talented individuals for future leadership roles. Our current groups include: Africa, Middle East, Central Asia Network, African American Network, Chinese Culture Network, Early Career Professionals, Japanese International Leadership Network (JILN), Lilly India Network, Organization of Latinos at Lilly, PRIDE (LGBTQ + Allies), Veterans Leadership Network, Women’s Network, Working and Living with Disabilities. Learn more about all of our groups.