Director - Financial Advisory & Technical

McKesson is an impact-driven, Fortune 10 company that touches virtually every aspect of healthcare. We are known for delivering insights, products, and services that make quality care more accessible and affordable. Here, we focus on the health, happiness, and well-being of you and those we serve - we care.

What you do at McKesson matters. We foster a culture where you can grow, make an impact, and are empowered to bring new ideas. Together, we thrive as we shape the future of health for patients, our communities, and our people. If you want to be part of tomorrow's health today, we want to hear from you.

Current Need

The Global Technical Controllership (GTC) team is part of the Corporate Controllers organization and is responsible for advising corporate and business unit management on complex financial issues, M&A and divestitures, business valuations and other complex transactions. We are responsible for developing and maintaining GAAP accounting policies and guidance, ensuring adequate financial controls are in place, and influencing the accounting for the ever-changing business needs and regulatory requirements. To better meet these needs, GTC is an active partner with the business unit controllers as well as finance, legal, treasury, M&A, and tax leaders, and advises them on the appropriate accounting and financial reporting for ongoing, new and proposed activities. Additionally, GTC is actively involved in influencing the regulatory environment by interfacing with government and financial organizations such as the SEC and the FASB.

Said differently, the GTC team is the go-to experts on highly complex matters who provide support from a research, analysis, advice, and technical writing perspective on virtually any topic with accounting and financial reporting impacts.

The Director, Financial Advisory and Technical Accounting is high-exposure, high-impact role that provides critical support to corporate functions and BU accounting leadership. The Director functionally reports to the Senior Director, who has managerial oversight for the global GTC team; however, there are numerous stakeholders with which the Director regularly works with in performing their duties. The primary responsibilities of this position are to partner with business unit controllership teams and corporate leaders to advise on transactions and complex financial evaluations; participate in M&A and diligence accounting and valuation workstreams; create GAAP accounting policies; lead implementation of new accounting standards; and liaise with external auditors on complex business transactions to achieve alignment on the accounting and external reporting.

Position Description

• Manage corporate and business unit-related financial advisory matters and related business processes. Sample matters include, but are not limited to, investments, derivatives and hedging, business combination and divestures, VIE/consolidation/equity method analyses, revenue recognition, leases, restructuring, debt, inventory accounting, goodwill and long-lived assets impairment analysis, fair value measurements, and significant unusual tax accounting matters
• Lead research of accounting issues, document conclusions in formal memos and white papers and prepare functional endorsements of business development transactions to ensure compliance with internal corporate guidelines and accounting literature
• Partner with corporate departments, business units and business development teams to support activities by providing financial advisory and evaluation of alternative deal structures for investments, acquisitions, divestitures, strategic planning or other alliance transactions and their financial statement impact on the company
• Support business units in connection with the implementation of various changes in accounting policies, procedures and adoptions of new accounting standards; monitor and analyze proposed accounting rule changes; provide input into comment and preclearance letters to regulatory agencies about such proposals; assist in the implementation of new requirements
• Develop and present complex accounting matters/ conclusions to company management and respond to inquiries from senior management (CFO, Corporate Controller, Treasurer, Vice Presidents, Business Unit Controllers) on potential accounting impacts of proposed transactions
• Ensure effective, clear and timely communications to aid in enabling appropriate execution of US GAAP standards and Company policies
• External reporting support - responsible for certain areas of the 10-Q/10-K filings
• Maintain and execute adequate internal controls for area responsibilities, which includes owning the internal control narratives, process flow diagrams, and necessary support for ensuring controls are designed and operate effectively
• Maintain professional and technical knowledge and meet continuing professional education requirements by attending educational workshops and conferences
• Liaise with external auditors on complex business development transactions, provide quarterly updates and achieve alignment on accounting
• Participate in due diligence process and highlight accounting issues and key risks and various other ad-hoc projects or initiatives
• Be able to manage multiple projects and initiatives at one time, prioritize and deliver results within frequently condensed timelines

Qualifications

Minimum Requirements

• 8+ years of professional work experience including 4+ years managerial experience

Critical Skills

• Must have Big Four experience either currently or in the recent past
• Proficient in US GAAP, SEC reporting, including business combination and divesture, VIE/consolidation/equity method, revenue recognition, fair value assessments and SOX requirements
• Strong verbal and written communication skills (ability to develop concise and effective communications tailored to specific audiences)
• Strong analytical skills and attention to detail
• Strong ability to influence and provide strategic recommendations
• Prior experience managing multiple projects, competing priorities, and short deadlines
• Proven leadership experience to drive prompt resolution of technical issues, communication of those issues, and process improvement
• Experience working across multiple levels (including executive level), functions and regions

Additional Knowledge & Skills

• Thorough knowledge of accounting policies and practices

Education

• Bachelor's degree in accounting or related field or equivalent experience, advanced degree in Finance or Accounting is strongly preferred
• CPA is required

Physical Requirements

General Office Demands

We are proud to offer a competitive compensation package at McKesson as part of our Total Rewards. This is determined by several factors, including performance, experience and skills, equity, regular job market evaluations, and geographical markets. In addition to base pay, other compensation, such as an annual bonus or long-term incentive opportunities may be offered. For more information regarding benefits at McKesson, please click here.

Our Base Pay Range for this position

$116,300 - $193,800

McKesson is an Equal Opportunity Employer

McKesson provides equal employment opportunities to applicants and employees and is committed to a diverse and inclusive environment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability, age or genetic information. For additional information on McKesson's full Equal Employment Opportunity policies, visit our Equal Employment Opportunity page.

Join us at McKesson!