Corporate Accounting, Sr. Accountant – Payroll & Benefits

Position Overview

The Sr. Accountant – Payroll & Benefits will work closely with key business partners across the organization including Financial Shared Services, FP&A, Operations, Payroll, Human Resources, Compensation & Benefits, Treasury, and offshore team members to perform the monthly financial close process and ensure the timeliness and integrity of the company’s financial information. This role will serve as a key member of the payroll and benefits accounting function, ensuring the accurate accounting, reconciliation, and reporting of payroll-related transactions, employee compensation, payroll taxes, and related liabilities. This position will also be responsible for preparing critical data and analyses for monthly reporting to senior management, supporting quarterly reviews and annual audits by external auditors, and supporting FP&A partners in the annual budget and forecast update processes. This position will focus on continuous improvement and automation by identifying and implementing more efficient ways to collect, analyze, and process financial data. Initially this individual will play a key role in the MMS / Wellverse separation 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 with evolving processes and expectations.

Essential Responsibilities

• Perform monthly financial close process by preparing various payroll-related monthly analyses, reconciliations, and journal entries in accordance with GAAP and corporate accounting policies.
• Reconcile payroll general ledger accounts and investigate variances to ensure completeness and accuracy of payroll-related financial reporting.
• Oversee the performance of various recurring accounting activities performed by offshore team members.
• Partner closely with Payroll, HR, Compensation & Benefits, and third-party payroll providers to resolve accounting issues and support process improvements.
• Prepare monthly and quarterly financial schedules and analyses to be used in management reporting as well as external financial reporting. Frequently present this information to senior management in Accounting and Finance to provide further insight into actual results.
• Drive efficiencies by participating in and supporting continuous improvement initiatives, including the implementation of automation and AI tools.
• Support payroll-related internal controls, SOX compliance, and the external audit process, including preparation of client-prepared schedules for the auditors, supporting SOX 404 testing, and coordination activities related to the annual audit.
• Participate in special projects, as assigned, including separation-related initiatives and process redesign efforts.

Qualifications & Requirements

• Ability to build and maintain strong relationships
• Ability to identify problems, conduct a root cause analysis, and present proposed solutions
• Ability to analyze data and reports, and use the information to make good decisions and recommendations
• Strong analytical and reconciliation skills with the ability to work effectively with large payroll and financial data sets.
• Strong communication skills with the ability to communicate clearly through written, verbal, and non-verbal communication
• Ability to complete tasks in a timely manner while balancing competing priorities, multi-tasking and interruptions; ability to manage tactical assignments while advancing long-term goals
• Ability to use functional knowledge while serving as a resource for internal customers
• High ethical standards and a commitment to accounting integrity and transparency

Education & Experience

• Bachelor's degree in Accounting, Finance, or Business Administration
• CPA, or CPA candidate, preferred
• Strong accounting skills including knowledge of GAAP and internal controls
• Four or more years of relevant accounting experience
• Experience with payroll accounting, close execution, account reconciliations, and process automation preferred

About McKesson Medical-Surgical

McKesson Medical-Surgical (MMS), which is expected to become Wellverse in early 2027, 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 collaborate with more than 2,200 leading manufacturers and serve over 200,000 customer accounts across the U.S. Our catalog includes more than 270,000 SKUs of branded and private-label medical-surgical products – from bandages to specialty pharmaceuticals and COVID-19 tests.

Pay & Benefits

• Eligible for benefits (dental, health), 401K, generous PTO, a management incentive program, and an LTI program
• Base Pay Range: $90,800 – $151,300
• Position level – P4
• In addition to base pay, other compensation such as an annual bonus or long-term incentive opportunities may be offered

Work Location

Richmond, VA, USA – 9954 Mayland Drive – hybrid