Director, Financial Advisory & Technical

McKesson
Alpharetta, GA Full Time
POSTED ON 2/13/2022 CLOSED ON 4/11/2022

What are the responsibilities and job description for the Director, Financial Advisory & Technical position at McKesson?

McKesson requires new employees to be fully vaccinated for COVID-19 as defined by the CDC, subject to applicable, verified accommodation requests.

McKesson is a Fortune 7 company and in the business of better health and we touch the lives of patients in virtually every aspect of healthcare. We partner with payors, hospitals, physician offices, pharmacies, pharmaceutical companies and others across the spectrum of care to build healthier organizations that deliver better care to patients in every setting. We believe in the importance of strong, vital organizations because we know that patients can only be healthy when our system is healthy.

Every single McKesson employee contributes to our mission—by joining McKesson you act as a catalyst in a chain of events that helps millions of people all over the globe. Talented, compassionate people are the future of our company—and of healthcare. At McKesson, you’ll collaborate on the products and solutions that help us carry out our mission to improve lives and advance healthcare. Working here is your opportunity to shape an industry that’s vital to us all.

We understand the importance of a system that works together. Your expertise, drive and passion can help us improve everything we touch, from providers to payors to pharmacies. Join our team of leaders to begin a rewarding career.

Wherever you contribute here at McKesson, you will have the ability to make a real impact in the lives of others.

Current Need

The global Financial Advisory and Technical COE (ATC) 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. ATC is also 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, ATC is an active partner with the business unit controllers and finance leaders, legal, treasury, tax and advises them on the appropriate accounting and financial reporting for ongoing, new and proposed activities. Additionally, ATC is actively involved in influencing the regulatory environment by interfacing with government and financial organizations such as the SEC, FEI and the FASB.

The Director, Financial Advisory and Technical, will report to the Senior Director, who has managerial oversight for the global ATC team. 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 policies and implementation of 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 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 of Corporate Financial Advisory and Technical Accounting and may involve direct or indirect supervision of other team members

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, practices and systems (HFM, SAP, other)

Education
4-year 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

McKesson is an Equal Opportunity/Affirmative Action employer.

All qualified applicants will receive consideration for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, disability, or protected Veteran status.Qualified applicants will not be disqualified from consideration for employment based upon criminal history.

McKesson is committed to being an Equal Employment Opportunity Employer and offers opportunities to all job seekers including job seekers with disabilities. If you need a reasonable accommodation to assist with your job search or application for employment, please contact us by sending an email to McKessonTalentAcquisition@mckesson.com . Resumes or CVs submitted to this email box will not be accepted.

Current employees must apply through the internal career site.

Join us at McKesson!
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