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Job Summary

The VP of Accounting Operations & Close is a strategic leadership position that is responsible for overseeing and optimizing the global close and accounting processes. This leader will ensure the integrity and accuracy of our global accounting operations and close processes, compliance with regulatory standards, timely submission of results and balances for each close period and the sufficiency of our 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, strong process improvement mindset, and a proven track record in financial reporting within a fast-paced US publicly traded company environment.
The role will report into the Chief Accounting Officer and requires a strategic thinker with strong problem solving and analytical mindset, robust communication skills at every level, and ability to operate and lead in a fast-paced environment. In this role, the VP of Accounting Operations & Close will need to 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.

Job Description

MAJOR RESPONSIBILITIES

Leadership & Management:

• 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, 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 to business needs. Establish clear and achievable goals for the team and individual team members and hold each person accountable to these goals 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 team operates with effective internal controls globally.
• Serve as a key contact for external auditors in facilitating 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 department and major projects or programs

Global Close & Accounting:

• Responsible for 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 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. 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 to 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.

Compliance & Controls:

• Ensure compliance with all relevant accounting standards, regulations, and internal policies.
• Work with 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 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.

MINIMUM JOB REQUIREMENTS:
Education:

• 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.

Work Experience:

• 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.

Knowledge / Skills / Abilities:

• 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 such 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.

PREFERRED JOB REQUIREMENTS:

Work Experience & Skills:

• 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).

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:

$234,000.00 - $351,000.00 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 roles where employees work less than 30 hours per week, benefits include 401(k) contributions, paid time off, as well as access to the Employee Assistance Program, Employee Resource Groups and the Employee Service Corp. For a more comprehensive list of our benefits please click here.

We're dedicated to creating a Medline where everyone feels they belong and can grow their career. We strive to do this by seeking diversity in all forms, acting inclusively, and ensuring that people have tools and resources to perform at their best. Explore our Belonging pagehere.

Medline Industries, LP is an equal opportunity employer. Medline evaluates qualified individuals without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, age, disability, neurodivergence, protected veteran status, marital or family status, caregiver responsibilities, genetic information, or any other characteristic protected by applicable federal, state, or local laws.