VP Accounting Operations & Close

Job Summary

The VP of Accounting Operations & Close is a strategic leadership position that oversees and optimizes global close and accounting processes.

About the role

This leader 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 sufficiency of controls environment.

Responsibilities

• Lead the Global Close, Cost & Balance Sheet Accounting, and Revenue Recognition/Gross to Net teams both in the US, dotted line oversight of the EU global close teams, and within the Pune GCC.
• Foster a culture of collaboration, continuous improvement, and high performance within the team.
• Mentor team members, providing opportunities for growth and professional development.
• Ensure team structure aligns with business needs and establish clear and achievable goals for the team and individual team members.
• Collaborate on and lead key initiatives and process improvement opportunities cross-functionally to drive standardization and process enhancements across the organization.
• Ensure team operates with effective internal controls globally.
• Lead strategic, tactical, and operational planning (24+ months) for the function, including direct budgetary responsibility for department and major projects or programs.
• Develop and maintain strong partnerships across functions including FP&A, Commercial, Operations, Consolidations & Reporting, IT, and the GCC in Pune.
• Lead the Global Close and Accounting process, including establishing and aligning a global close calendar and close best practices.
• Work across global teams and cross-functionally to establish clear expectations and reduce time to close while enhancing quality and compliance.
• Proactively 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 the gathering of relevant inputs from stakeholders, recording of financial transactions in the general ledger, reconciling of account balances in accordance with Medline standards, and ensuring records follow US GAAP standards.
• 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 GIC team to ensure compliance across accounting processes and financial records.
• Proactively 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 risk of failure.
• Identify and lead training opportunities and team meetings for the accounting and close team to ensure consistent awareness of understanding of accounting, controls, and policy changes and expectations.

Requirements

• Bachelor's degree in Accounting, Finance, or a related field required.
• CPA or equivalent certification is required; advanced degree (e.g., Master's in Accounting) is a plus.
• 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.

Qualifications

• 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.
• 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.
• A collaborative consensus builder who works well with others.
• An analytical, detail-oriented, highly organized, and self-motivated individual.
• A skill and ability to take ownership and independently handle such responsibilities in a reliable, timely, and efficient manner.
• Solid planning, organizational, and project management skills with the ability to multi-task and assimilate new information quickly.

Skills

• Strong process management and analytical skills.
• Confident, engaging team player with strong interpersonal skills who can work across multiple functions to achieve goals.
• Ability to take ownership and independently handle such responsibilities in a reliable, timely, and efficient manner.
• Solid planning, organizational, and project management skills with the ability to multi-task and assimilate new information quickly.

Benefits

Medline offers a competitive total rewards package, including health insurance, life and disability, 401(k) contributions, paid time off, and other benefits. The Anticipated Salary Range For This Position is $234,000.00 - $351,000.00 Annual. Medline is an equal opportunity employer committed to creating a diverse and inclusive workplace where everyone feels they belong and can grow their career.