Jay S. Jacob
Mattawan,MI
Summary
Proven leader in a multicultural and diverse workplace focused on patient-centric manufacturing. Certified Public Accountant with over 28 years of experience in pharmaceutical manufacturing operations and accounting. Strong business partnering skills, providing stakeholders opportunities to maximize plant productivity in a compliant manner. Solid operational background with an ability to translate complex concepts to real-life business scenarios. Strong leadership with effective mentoring and coaching skills.
Overview
31
31
years of professional experience
Work History
Finance Director Pfizer Global Supply
PFIZER
Kalamazoo
04.2018 - Current
- Financial and operational support for Pfizer’s largest manufacturing plant supporting over $1.4B in COGS, $147MM+ annual Capital Spend, $1.0B Net Inventory, and 2,700+ employees (2026 budget).
- Involved in the COVID-19/Comirnaty vaccine production steering team/ start-up for Kalamazoo.
- Operational LEAD for the Paxlovid/Nirmatrelvir VSOT at Kalamazoo.
- Capacity Planning/LRP volume forecast development for incorporation into SBO Strategic decisions.
- Familiarity with implementation of SAP business support systems including end to end ERP.
- Secured financial approval for the MAP facility at Kalamazoo with a Capital Spend of $550MM (+20%).
- Supported all six unique businesses within the Kalamazoo site including Sterile Injectables, Biologics, Vaccines, API, Devices, and Liquids/Semi Solids (7,500 SKU’s including 4,200 packaging components).
- Reorganized Kalamazoo finance resulting in a 36% reduction in cost ($870K) and 5 FTE reduction (13HC to 8HC).
- Changed the culture for how financials are developed and reviewed at the Kalamazoo site.
- Strengthened the shared service relationships within the Pfizer CoE/GBS by creating avenues for better networking and team sharing opportunities.
- Documented 142 key processes to establish a robust cross-training program, create efficiencies, and develop best practices across all operations.
- Financial/Operational Literacy classes to help colleagues understand manufacturing and financial concepts/terminologies including Six Sigma & LEAN manufacturing.
- Advanced Pfizer’s tax strategy with the introduction of Tolling at Kalamazoo, Free Trade Zone’s, and enhanced R&D credits.
- Global Sterile Injectable working team to Unleash the Power of Our People Initiative in the focus area of JOY: Infuse more fun into our everyday.
- Sponsored Pfizer Kalamazoo’s Global Asian Alliance Diversity & Inclusion team.
- Formerly HOSPIRA INC. / Abbott Laboratories~ HPD DIVISION
Finance Director Sterile Injectables- International
PFIZER
Chennai, India
11.2015 - 03.2018
- Operational finance support to Vice President of AsiaPac & China supporting eight pharmaceutical manufacturing plants in four different countries (India (3), China (2), Australia (2), Italy (1)).
- Member of the Pfizer Global Supply (PGS) Finance Leadership Team.
- Navigated a complex international business environment to understand various commitments and statutory obligations.
- Good understanding of current regulatory/ tech-transfer commitments in the AsiaPac and China network.
- Pfizer finance representative to the joint venture plant (ZHOPL) located in Ahmedabad, India.
India Finance Director
PFIZER
Chennai, India
04.2013 - 10.2015
- Provided strategic and finance support for three major manufacturing plants within India (over $1Bn investment).
- Vizag Plant is a Greenfield site which is FDA approved. It is located on 46.37 acres and is over 1.1MM square feet. The investment is over $450MM of capital and 2,500+ employees.
- IKKT (Chennai) Plant supports the Beta-Lactam strategy with over $140MM of production and 1,400 employees which are centered on remediation and creating a compliant culture.
- Aurangabad Plant is an API facility which was purchased from Orchid Chemical in 2014. The plant generates over $70MM of earned production with a headcount of 1,200 employees.
- Managed and developed 51 professionals within India finance.
- Oversaw the standard costing process for all manufacturing plants located within India.
- Key contact for the Orchid Relationship management function which resolves differences between Orchid Chemical and Pfizer Inc within India.
- Created and reviewed annual plans and quarterly forecasts (LBE’s), Long Range Planning, and variance analysis for India operations.
- Ensured Internal and External Audit compliance including successfully remediating 128 critical observations.
- Completed the purchase accounting for Aurangabad and Sholinganallur.
- Lead the Connected Manufacturing and SAP P-01 migration at the Vizag Plant with a successful go-live.
- Introduced to international accounting issues including currency fluctuations, FCPA concerns, international tax positions, and business combinations.
- Promoted the Genpact/GFS relationship within Pfizer India to drive standardization and harmonization across all locations.
Plant Controller/Asst. Financial Controller/Sr. Financial Analyst/Financial Analyst
PFIZER
Austin, USA
12.1997 - 03.2013
- Managed the annual plan process which developed product cost standards and operational assumptions worth over $250MM of earned production.
- Worked with Genpact to develop a financial shared service opportunity in India.
- Daily interaction with the Plant Director discussing financial projections and operating results.
- Established and maintained product cost standards for over 250 list numbers at the Austin plant.
- Developed new product standard costs and financial analyses for the Next Generation project, Solutions Optimization initiative (plant closures), and numerous generic programs.
- Subject Matter Expert for writing manufacturing accounting policies and procedures used by the Controllership organization.
- Participated and provided financial information for LEAN, Six Sigma, and Continuous Improvement programs. Adhered to all SOX and financial policy guidelines.
- Compiled and developed theoretical and operational overhead budgets for plan and updates.
- Documented Austin’s general ledger close process for Sarbanes Oxley reporting requirements. Austin was the SOX pilot site for the entire corporation, and the general ledger template was used by many plants as a guide.
- Advised supervisors in how to interpret their individual departmental budget by teaching a financial planning class along with reviewing financial results individually with managers.
- Facilitated the development of the 5 Year Product Cost Plans for key list numbers at the Austin Plant.
- Developed and taught to plant personnel a two-hour class covering the basics of cost accounting.
Financial Analyst
Insync Systems, Inc.
Austin, USA
07.1995 - 10.1997
- Coordinated monthly financial closes, managed all outside audits, and published monthly financial statements.
- Compiled and analyzed data for documents sent to the Securities and Exchange Commission including the S-1 registration.
- Prepared and evaluated annual capital and operating budgets for the Austin division.
- Formulated statement of cash flows using the indirect method and assisted in daily cash investment decisions.
- Prepared consolidation journal entries to properly record business combinations using the purchase method of accounting.
Education
Bachelor of Arts - Accounting, Economics
Lenoir-Rhyne University
Hickory, NC05.1995
Skills
- Financial analysis
- Budget management
- SAP implementation
- Cost reduction strategies
- Operational forecasting
- Financial reporting
Activities
- Volunteered in India at Orphanages, Boys/Girl’s School, and School for the Blind in Andhra Pradesh.
- Volunteered at various food banks in Tamil Nadu India.
- Licensed by the Texas State Board of Public Accountancy, #074219.
- Junior Achievement Volunteer.
Timeline
Finance Director Pfizer Global Supply
PFIZER
04.2018 - Current
Finance Director Sterile Injectables- International
PFIZER
11.2015 - 03.2018
India Finance Director
PFIZER
04.2013 - 10.2015
Plant Controller/Asst. Financial Controller/Sr. Financial Analyst/Financial Analyst
PFIZER
12.1997 - 03.2013
Financial Analyst
Insync Systems, Inc.
07.1995 - 10.1997
Bachelor of Arts - Accounting, Economics
Lenoir-Rhyne University