Current NeedThe current need is within our Global Technical Controllership ("GTC") team, which is a part of McKesson's Corporate Controllership organization reporting to the Corporate Controller and Chief Accounting Officer. GTC serves as technical advisors for our corporate and business unit management on complex financial issues, M&A and divestitures, business valuations and other complex transactions. GTC is also responsible for developing and maintaining the enterprise GAAP accounting policies, ensuring effectiveness of applicable internal controls over financial reporting, 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 controllership functions and finance leaders, legal, treasury, M&A, tax, shared services, and others, and advises them on the appropriate accounting and financial reporting for ongoing, new and/or proposed activities.
The
Director, Global Technical Controllership, will report to the Senior Director, who has managerial oversight of the advisory and technical accounting pillar of GTC. The primary responsibilities of the director include: partnership with business unit controllership teams and corporate leaders to advise on transactions and complex financial evaluations; participation in M&A activities beginning with due diligence through post-acquisition accounting and integration matters; create/update GAAP policies and implementation of accounting standards; 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, share-based payment awards and long-lived assets impairment analysis, fair value assessments including intangible valuations and exposure to tax accounting matters
- Direct 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
- Provide financial advisory support to 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 those 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 President, Business Unit Controller) on potential accounting impacts of proposed transactions
- Ensure effective, clear and timely communications to aid in enabling appropriate execution of US GAAP accounting rules and Company policies
- External reporting support- responsible for certain areas of the 10-Q/10-K filings
- Maintain and execute adequate internal controls for responsibilities and update 404 narratives, as needed
- 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
- This role will report to the Senior Director, Global Technical Controllership and may involve direct or indirect supervision of other team members
QualificationsMinimum Requirements10+ years of professional work experience including 6+ years managerial experience
Critical Attributes- Technical
- CPA required
- Proficient in US GAAP, including business combinations and divestures, derivatives and hedging, VIE/consolidation, minority interests, investments, revenue recognition, contingencies, share-based payment awards and SOX requirements
- Data analytics, research, and effective applications of artificial intelligence to accounting/finance
- Use of various technology applications, such as M365, Oracle FCCS
- Experience
- Current or recent Big Four experience strongly preferred
- 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
- Education
- Undergraduate degree in accounting or related field or equivalent experience; advanced degree in Finance or Accounting is strongly preferred
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. The pay range shown below is aligned with McKesson's pay philosophy, and pay will always be compliant with any applicable regulations. 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$125,300 - $208,800
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