Sr. Manager, Corporate Accounting - Cash & Banking

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Sr. Manager, Corporate Accounting - Cash & Banking

Location: Richmond, VA (hybrid)

Competitive base pay, bonus and benefit eligible

The Opportunity:

The Senior Manager, Corporate Accounting - Cash & Banking, is responsible for overseeing the accounting for cash and banking activities as well as other key aspects of McKesson Medical-Surgical (MMS) day-to-day accounting activities, including the general ledger, account reconciliations, and month-end, quarter, and year-end close processes, while applying strong judgement in the appropriate application of corporate policies and GAAP. Initially, this individual will play a key role in MMS/NewCo transition activities, including public company readiness in advance of a future separation from McKesson, which will require agility and the ability to operate effectively in ambiguous settings. The Senior Manager will demonstrate accountability and leadership in the integrity of information in the general ledger and the advancement of priorities, including AI and automation, with appropriate management oversight and governance.

This individual will be able to identify, manage, escalate, and effectively manage risk within areas of responsibility. The Senior Manager will manage team responsibilities, prioritizing efforts in leading a team of on- and offshore employees to execute on the department's mission. This role will serve as a subject matter expert related to cash and banking activities as well as other business activities, demonstrating broad perspective and critical thinking that is cross-functional, extending beyond areas of responsibility. The employee will possess the ability to get to the root cause of an issue, demonstrating strategic thinking in formulating solutions. This individual is also expected to build and leverage cross-functional partnerships in support of departmental objectives, ensuring Accounting customers' needs are met.

Responsibilities:

• Lead accounting for cash and banking activities (including on-/off-shore employees) to complete accounting activities, such as account reconciliations, journal entries, and month-end close. Ensure all accounting responsibilities are completed timely, accurately, and in accordance with GAAP and corporate policies. Support timely and accurate financial statement recognition of accruals, unique transactions, and accounting estimates, demonstrating scope of expertise.

• Ensure financial controls are in place and operating effectively within your area of oversight, including but not limited to the review of journal entries, account reconciliations, changes to the chart of accounts and other key general ledger reports.

• Perform monthly and quarterly financial analysis, and lead related discussions with senior management. Adapt communications and analyses to level appropriate for each audience in a complete, concise format.

• Collaborate with cross-functional teams, such as Technical Accounting, Financial Reporting, Financial Shared Services, FP&A, Treasury, Technology, and other corporate functions to drive process improvements, financial visibility, and resolve issues in a timely manner. Demonstrate knowledge of own financial and operating systems and related capabilities.

• Continually seek opportunities for efficiency and automation through AI and other tools.

• Manage, lead and develop employees through timely performance feedback delivered during day-to-day observations and annual performance reviews, setting clear expectations and accountability for results.

• Support the Controller and other accounting leaders in planning and executing quarterly reviews and the annual audit conducted by an external accounting firm.

Minimum Requirements:

• Degree or equivalent experience. Typically requires 9+ years of professional experience and 1+ years of supervisory and/or management experience

Skills and Qualifications

• At least 5 years of relevant accounting experience

• Strong accounting skills including knowledge of GAAP and internal controls (with a focus on cash and banking operations preferred)

• Strong MS Office and technical skills with exposure to accounting software(s)

• Experience with close execution, consolidation, reconciliations, and automation preferred

• Experience managing offshore teams preferred

• Experience in a public company environment preferred

• High ethical standards and a commitment to accounting integrity and transparency

• Operate effectively in an environment without established SOPs or precedent; rapidly adapt to change or unexpected obstacles

• Demonstrated ability to operate effectively in a highly ambiguous, evolving environment, including during largescale transformations or entity separations

• Ability to build and maintain strong relationships and collaborate with other departments and teams

• Ability to evaluate complex business issues, develop practical solutions, and drive execution through crossfunctional collaboration

• Ability to interpret and apply accounting requirements to the MMS business

• Ability to communicate complex information in a clear and concise manner through verbal and written methods

• Ability to organize and prioritize work effectively, and manage own time and that of their team to meet goals / objectives

• Ability to develop and execute a plan with minimal direction

Education / Experience

• Bachelors degree in Accounting, Finance, or Business Administration

• CPA preferred

About Medical-Surgical

McKesson Medical-Surgical (MMS) is a subsidiary and publicly reported segment of the McKesson Corporation. MMS distributes medical-surgical supplies, pharmaceuticals, diagnostic equipment and supplies, along with other solutions and services to virtually every type of healthcare setting and provider outside of the traditional hospital. These markets - often referred to as Alternate Care or Non-Acute Care - include physician offices, surgery centers, long-term care providers, laboratories, home health and hospice agencies, health systems, government facilities and online marketplaces and retailers.

Alternate Care markets are growing rapidly and MMS is proud to be a leader in this space. With a team of approximately 8,000 employees, a network of 15 distribution centers and approximately 900 delivery vehicles, we partner with more than 2,200 leading manufacturers and serve over 200,000 customer accounts across the U.S. Our catalog includes more than 280,000 SKUs of branded and private-label medical-surgical products - from bandages to specialty pharmaceuticals and COVID-19 tests.

Looking Ahead: A New Chapter for MMS

McKesson has announced its intent to separate MMS into an independent company - an exciting evolution that builds on MMS's strong foundation and proven leadership in the Alternate Care space. As a standalone company, MMS would be positioned to unlock new opportunities to innovate, grow and lead with even greater agility and focus. We will also continue to be one of the largest medical-surgical distributors in the U.S., with over $11B in annual sales. This separation would accelerate our mission and empower us to shape a future defined by customer-centricity, bold thinking and operational excellence. For job seekers, it's a unique moment to join a team that's already making a meaningful impact and leading the way in shaping the future of healthcare delivery in Alternate Care settings - with even greater opportunity ahead as we prepare to become an independent company.

Position Level - M3

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, pleaseclick here.

Our Base Pay Range for this position

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