VP Accounting Operations & Close

Medline Industries, LP•Northfield, IL

2d•$234,000 - $351,000•Onsite

About The Position

The VP of Accounting Operations & Close is a strategic leadership position responsible for overseeing and optimizing global close and accounting processes. This role ensures the integrity and accuracy of global accounting operations and close processes, compliance with regulatory standards, timely submission of results and balances for each close period, and the sufficiency of the controls environment. The ideal candidate will possess strong leadership skills, extensive knowledge of US GAAP and IFRS accounting principles including revenue recognition and cost accounting standards, a strong process improvement mindset, and a proven track record in financial reporting within a fast-paced US publicly traded company environment. The role reports into the Chief Accounting Officer and requires a strategic thinker with strong problem-solving and analytical skills, robust communication skills at every level, and the ability to operate and lead in a fast-paced environment. The VP of Accounting Operations & Close will develop and maintain strong partnerships across functions including FP&A, Commercial, Operations, Consolidations & Reporting, IT, and the GCC in Pune. They will lead a team of skilled professionals, fostering a culture of excellence and continuous improvement.

Requirements

Bachelor's degree in Accounting, Finance, or a related field required.
CPA or equivalent certification is required.
At least twelve (12) years of relevant general accounting experience with a minimum of five (5) years in a managerial role.
A blend of public accounting and industry experience with a public company.
Experience in accounting for International operations, SEC reporting, and SOX compliance expertise.
Broad understanding of accounting matters under U.S. GAAP, IFRS, and SEC requirements, along with the experience communicating effectively at multiple levels of the organization on a global basis.
Decisive and experienced leader with strong interpersonal skills and a proven ability to develop and communicate a vision, lead change, and motivate associates to realize both their own and their team’s full potential while achieving the company’s overall objectives.
Requires a self-starter in a very dynamic environment with the ability to look for opportunities to continuously improve current processes and also provide leadership to a global team.
Strong process management and analytical skills.
Confident, engaging team player with strong interpersonal skills who can work across multiple functions to achieve goals.
Collaborative consensus builder who works well with others.
Analytical, detail-oriented, highly organized, and self-motivated.
Skill and ability to take ownership and independently handle responsibilities in a reliable, timely, and efficient manner.
Strong supervisory skills including the ability to delegate, and guide/coach as needed.
Solid planning, organizational, and project management skills with the ability to multi-task and assimilate new information quickly.

Nice To Haves

Advanced degree (e.g., Master's in Accounting) is a plus.
Experience in a similar role in a complex, global, US publicly traded company with $1B+ in revenues.
External audit experience, specifically auditing complex, global US publicly traded companies.
Experience with consolidation and ERP systems (e.g., Oracle, SAP).

Responsibilities

Lead the Global Close, Cost & Balance Sheet Accounting, and Revenue Recognition/Gross to Net teams both in the US, with dotted line oversight of the EU global close teams, and within the Pune GCC, fostering a culture of collaboration, continuous improvement, and high performance.
Develop and mentor team members, providing opportunities for growth and professional development. Ensure team structure aligns with business needs. Establish clear and achievable goals for the team and individual team members and hold each person accountable by providing thoughtful and regular feedback, identifying areas or opportunities, and highlighting successes.
Collaborate on and lead key initiatives and process improvement opportunities cross-functionally both within the controllership and beyond to drive standardization and process enhancements across the organization.
Ensure the team operates with effective internal controls globally.
Serve as a key contact for external auditors in facilitating the completion of the Company’s quarterly reviews and annual audits.
Lead strategic, tactical, and operational planning (24+ months) for the function, including direct budgetary responsibility for the department and major projects or programs.
Responsible for the global close process and strategy, including the establishment and alignment of a global close calendar and close best practices. Work across global teams and cross-functionally to establish clear expectations and work to reduce time to close while enhancing quality and compliance.
Pro-actively identify and lead efforts to simplify and automate close and accounting processes to enhance efficiency and reduce errors.
Oversee the accounting close process and controls across the balance sheet and P&L, including gathering relevant inputs from stakeholders, recording financial transactions in the general ledger, reconciling account balances in accordance with Medline standards, and ensuring records follow US GAAP standards. This includes the accounting for all accruals and liabilities other than AP, long-lived assets, inventory, other assets, revenue and contract balances, key reserves related to contracts with customers, equity accounts, etc.
Perform regular balance sheet and income statement reviews to ensure compliance with US GAAP and Medline Standards, review aged items, identify potential errors, and understand trends and variances by entity.
Oversee the Oracle submission process, ensuring completeness and accuracy of the ledgers within the consolidation system as well as the supplementary information.
Oversee the accounting for all revenue transactions and reserves, including contract review and gross to net accounting processes and controls.
Oversee the cost and balance sheet accounting areas, including inventory, PPE, and leases.
Participate in and support the planning and forecasting activities led by the VP, Corporate FP&A.
Ensure compliance with all relevant accounting standards, regulations, and internal policies.
Work with the GIC team to ensure compliance across accounting processes and financial records. Pro-actively lead remediation efforts to address timely identified gaps in control design or execution.
Identify opportunities to streamline processes and controls to ensure sustainability and reduce the risk of failure.
Identify and lead training opportunities and team meetings for the accounting and close team to ensure consistent awareness and understanding of accounting, controls, and policy changes and expectations.