Associate Director - Controller, Pension and Investments, U.S. Plans

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 Benefit Plan Investment Team ('PBI') within Global Treasury provides critical fiduciary oversight, controllership, regulatory compliance, and cash management for ~$32 billion of assets residing in independent trusts that support employee pensions, savings plan accounts, and retirement health benefits. Following the transition to an Outsourced Chief Investment Officer (OCIO) model with Goldman Sachs Asset Management, the PBI team maintains responsibility for plan governance, regulatory compliance, financial reporting, and oversight of external service providers.

These plans include significant assets and exposures, ~$11 billion in liabilities, and the related operations and transactions for Lilly's U.S. and Puerto Rico employee pension plans, savings plans, retirement health plans, and active employee welfare plan benefits. The team coordinates with Lilly Human Resources and regularly reports through a fiduciary committee established by the Lilly Board of Directors.

The Associate Director - Controller is responsible for leading the fiduciary, controllership, and regulatory compliance management of the ~$32 billion of benefit plan assets. This role serves as the primary controller for all benefit plan trusts (U.S. and Puerto Rico Pension Plans, U.S. and Puerto Rico Savings Plans, VEBA I and VEBA II master trusts) and owns the financial operations, regulatory reporting, audit coordination, and compliance activities.

The position requires financial and regulatory analysis, ERISA compliance expertise, coordination with internal and external partners, and ensuring maintenance of robust controls and documentation. The position reports to the Senior Director - Investments & OCIO Oversight.

• Manage relationships with EY, Plante Moran, Northern Trust, and other key service providers, including all contracts
• Oversee quality, timeliness, fee arrangements, and relationship strategy with key vendors
• Facilitate negotiations, benchmarking, and RFPs as needed
• Drive process improvements and leverage relationships to ensure best practices, in particular on‑going integration with GSAM processes to drive efficiencies.

• Review and approve daily transactions including vendor payments, plan expenses, retiree payroll funding, and Company 401(k) monthly match coordination with trustees and external partners
• Review and approve account reconciliations, journal entries, and journal voucher logs
• Manage operations support for information requests from internal (Treasury, CFR, Legal, HR) and external (Aon, Northern Trust, EY, OCIO provider) business partners
• Manage payment of Pension Benefit Guaranty Corporation (PBGC) premiums and related annual filings in coordination with Aon and HR
• Ensure maintenance of all required regulatory documents and fiduciary records
• Lead VEBA I Trust company contribution and reimbursement process and balance sheet forecasting for Corporate Financial Reporting
• Coordinate retiree health plan reimbursement to the company
• Identify opportunities for operational improvements, outsourcing, and cost reductions across the plans

• Manage compilation of benefit plan financial statements through outsourced accounting firm
• Manage completion of benefit plan audits for U.S. and Puerto Rico Retirement Plans, U.S. and Puerto Rico Savings Plans, Lilly Employee Welfare Plan, and Lilly Retiree Health Plan
• Oversee Form 11‑K SEC filing for U.S. and Puerto Rico Savings Plans
• Lead completion of Department of…