Director of Accounting - Consolidations & Financial Reporting at Medline Industries, Inc. in Northfield, Illinois

Job Description:

Job Summary

Lead global multi-functional team responsible for the preparation of consolidated financial information for the enterprise, for both U.S. GAAP and management reporting.

Lead the preparation of the company’s consolidated financial statements (income statement, balance sheet, equity statement, and cash flow statement), and related fluctuation analysis, as well as segment (ASC 280) and other disaggregated revenue (ASC 606) reporting.

Partner with FP&A, Accounting, and other Finance teams to lead and collaborate on key projects to enhance, accelerate, and simplify internal and external consolidated financial reporting to support strategic business objectives. Manage and lead change cross-functionally.

This role reports directly to the VP, Global Controller.

Job Description

Responsibilities:

Global Consolidations & Reporting:

• Oversee monthly global consolidation execution as it pertains to U.S. GAAP and management reporting, including related internal controls. Coordinate with global accounting teams.


• Lead the preparation of the company’s consolidated financial statements (income statement, balance sheet, equity statement, and cash flow statement), and related fluctuation analysis, as well as segment (ASC 280) and other disaggregated revenue (ASC 606) reporting. Enable and drive implementation of other complex areas such as earnings per share, non-GAAP measures, and non-controlling interest.


• Lead preparation of global management reporting. Execute planning/outlook cycles in coordination with FP&A.


• Prepare and/or review bridges for management-to-GAAP reporting and non-GAAP measures for certain accounting areas.


• Manage the related accounting, consolidation, and reporting processes and controls to the highest level of quality, including deliverables for internal and external stakeholders.


• Oversee the topside journal entry, intercompany elimination, and sub-consolidation processes.


• Act as global subject matter expert in consolidations (ASC 810) and enhance the review and governance over key accounting areas globally (e.g., intercompany, segment, and tax reporting). Apply GAAP expertise to conclude accounting treatment, review ongoing accounting, and ensure accuracy.


• Develop accounting policies, procedures, and controls to ensure global adherence to U.S. GAAP and SEC reporting rules for assigned areas. Act as key liaison and peer to global controllers and finance teams, helping ensure consistency in practices across all the Company’s operations.


• Oversee the Oracle consolidation system (FCCS and PBCS).


• Oversee MDM changes such as profit center creation, profit center hierarchy moves, Item hierarchy moves. Post relevant restatements for hierarchy and data updates.


• Partner with Global Close team to create and enhance KPIs and reporting to global accountability for key consolidation tasks and controls (e.g., intercompany dashboard, trial balance confirmation, MDM compliance, etc.)

Project and Process Improvement Responsibilities:

• Drive or support the strategy and execution of key Global Controllership and cross-functional initiatives, including new business initiatives, system integrations, process improvements, and other major change management impacting financial reporting and systems.


• With guidance from External Reporting and FP&A teams, develop additional hierarchies, reports, and other consolidation system updates to comply with changing reporting requirements, as well as continuously improve and drive automation in our reporting process.


• Accelerate the consolidations timeline to report consolidated results 2 days after ledger close. Drive improvements in intercompany accounting and entity-level reporting. Partner with FP&A and accounting teams to enrich ERP data for more streamlined downstream reporting.


• Facilitate reporting integration of acquired businesses, such as data feeds, upload templates, new data elements, data validation, and pro forma reporting in the consolidation system.


• Proactively identify areas for process improvement, enhanced compliance, and efficiencies. Analyze operating financials, interpret results, and recommend a plan of action to investigate and resolve matters as needed, including recommending process improvements.


• Support peers and other stakeholders, in and out of Finance, by leading through change and guiding teams to alignment for process changes and evolving business requirements; utilize influence cross functionally to meet deadlines and goals

​ Represent Medline interests to internal and external parties - e.g., CFO and divisional leadership interactions, FP&A/tax/treasury partnership, and presentations/schedules for leadership, sponsors, lenders, tax authorities, auditors, and other stakeholders.

Manage/prepare other ad hoc reporting, requests, and process improvements as needed in the course of business for assigned areas. Provide other supporting schedules as needed for tax or audit purposes. Provide analysis and support, in partnership with FP&A, for internal customers/divisional leadership.

Required Experience:

Education

• Bachelor’s degree (BS/BA) in Finance, Accounting, Financial Systems, or other related areas.


• CPA

Work Experience

• At least 12 years of relevant consolidations and accounting experience and roles at large, multi-national public companies (can be mix of public accounting or in-house as a public company).




• At least 8 years of experience directly managing people including hiring, developing, motivating, and directing people as they work.




• Deep finance and accounting acumen, including intercompany accounting, understanding of financial statements (including income statement, balance sheet, statement of cash flows, and stockholders’ equity), and U.S. GAAP and SEC requirements (e.g., segment reporting, EPS, ASC 606 disaggregation).




• Experience designing required reporting and systems structure to support tax and legal entity reporting requirements.




• Experience reporting financial results and designing reporting packages for stakeholders, including executive teams.

Medline Industries, LP, and its subsidiaries, offer a competitive total rewards package, continuing education & training, and tremendous potential with a growing worldwide organization.

The anticipated salary range for this position:

$175,760.00 - $263,640.00 Annual

The actual salary will vary based on applicant’s location, education, experience, skills, and abilities. This role is bonus and/or incentive eligible. Medline will not pay less than the applicable minimum wage or salary threshold.

Our benefit package includes health insurance, life and disability, 401(k) contributions, paid time off, etc., for employees working 30 or more hours per week on average. For a more comprehensive list of our benefits please click here. For roles where employees work less than 30 hours per week, benefits include 401(k) contributions as well as access to the Employee Assistance Program, Employee Resource Groups and the Employee Service Corp.

Every day, we’re focused on building a more diverse and inclusive company, one that recognizes, values and respects the differences we all bring to the workplace. From doing what’s right to delivering business results, together, we’re better. Explore our Diversity, Equity and Inclusion page here.

Medline Industries, LP is an equal opportunity employer. Medline evaluates qualified applicants without regard to race, color, religion, gender, national origin, age, sexual orientation, gender identity or expression, protected veteran status, disability/handicap status or any other legally protected characteristic.

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