Sr. Director, Financial Reporting

McKesson•Richmond, VA

8d•$150,000 - $250,000•Hybrid

About The Position

As a key leader in the McKesson Medical-Surgical (MMS) Controllership organization, this role will lead the company’s financial reporting function and play a critical role in preparing MMS to operate as a stand-alone public company. This leader will be responsible for ensuring the accuracy and integrity of financial reporting in accordance with U.S. GAAP and SEC requirements, while building the processes, capabilities, controls and governance necessary to support public company reporting. Initially, this individual will play a key role in MMS’s separation from the McKesson enterprise and IPO readiness, including driving audit readiness, supporting carve-out and stand-alone financial statements, and establishing scalable SEC reporting processes. The Sr. Director will partner across Finance, Legal, Investor Relations, Internal and external audit, and other departments to address complex accounting and reporting matters to ensure the organization is prepared to meet the requirements of a public company. This leader will build and develop a high-performing team of financial reporting professionals, drive continuous improvement in reporting processes and controls, and serve as a trusted advisor to executive leadership on financial reporting, compliance, and public-company readiness. The role will report to the VP, Assistant Controller.

Requirements

Degree or equivalent experience. Typically requires 13+ years of professional experience and 6+ years of diversified leadership, planning, communication, organization, and people motivation skills (or equivalent experience).
Bachelors degree in Accounting, Finance or Business Administration.
CPA required.
13+ years of progressive accounting experience, including significant public accounting and/or large public company experience.
6+ years of people leadership experience, including managing and developing direct reports.
Demonstrated experience in financial reporting, close and consolidations and technical accounting.
Experience supporting public company audits and regulator-reviewed environments.
Demonstrated ability to operate effectively in a highly ambiguous, evolving environment, including during large‑scale 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 cross‑functional collaboration

Nice To Haves

Experience supporting IPO or stand-alone public company readiness strongly preferred.

Responsibilities

Lead the MMS financial reporting function, including, but not limited to the following:
Establish and ultimately lead the financial reporting processes, governance and operating model necessary for MMS to function as an independent public company.
Lead the preparation and review of MMS financial statements and related disclosures in accordance with U.S. GAAP and applicable SEC reporting requirements.
Lead the development of financial reporting processes and capabilities required for future SEC filings, including Forms 10-K, 10-Q, 8-K and other applicable filings.
Ensure financial statements and related disclosures are complete, accurate, timely and supported by appropriate documentation and internal controls.
Coordinate the financial reporting calendar and establish clear roles, responsibilities, review processes, and accountability across the organization.
Drive continuous improvement and automation of financial reporting processes to create a scalable, efficient reporting environment.
Play a key leadership role in MMS’s separation from the McKesson enterprise and readiness to operate as a stand-alone public company, including:
Lead financial reporting workstreams associated with the separation, including the preparation and audit of carve-out and stand-alone financial statements.
Partner cross-functionally with other MMS departments as well as McKesson corporate functions on IPO and SEC registration activities, including preparation and/or review of financial information and disclosures required in registration statements.
Lead financial reporting readiness for PCAOB-compliant audits and establish processes and documentation that meet public company and external audit expectations.
Identify gaps between current-state processes and future-state requirements and develop and execute plans to address those gaps.
Serve as a financial reporting subject matter expert on system implementations and other strategic initiatives.
Establish strong disclosure and financial reporting governance processes, including disclosure checklists, management review procedures, disclosure controls, and appropriate documentation supporting significant judgments and disclosures.
Serve as the MMS owner of the financial reporting system. Utilize the system to drive maximum efficiency in the MMS financial reporting program.
Partner with Investor Relations, FP&A, Legal and executive leadership to ensure consistency and accuracy of financial information included across external communications, including SEC filings, earnings materials, investor presentation and other public disclosures.
Support the company’s debt covenant compliance calculations and ensure consistency with financial information used for both internal and external reporting.
Provide leadership in talent management to build, develop, engage, and retain a diverse high performing team. Establish clear roles and responsibilities, develop technical leadership capabilities and create a culture focused on quality, accountability, continuous improvement and business partnership.
Build strong relationships across the organization and serve as a trusted advisor to finance and business leadership on financial reporting implications of significant transactions, business developments and strategic initiatives.
Maintain a current understanding of U.S. GAAP, SEC regulations and emerging financial reporting requirements. Provide education and guidance to finance and business stakeholders to support consistent application of accounting and reporting requirements