Medline
Director-Technical Accounting & Policy
Medline, Northfield, Illinois, United States,
Job SummaryThe Director of Technical Accounting & Policy will lead and mentor a team of 10 technical accounting professionals (onshore and offshore) to develop a best-in-class framework and ongoing governance for the company's technical accounting processes, in accordance with US GAAP requirements. The primary processes owned by the Director of Technical Accounting & Policy are: Accounting policy and guidance, technical accounting, and merger and acquisition (M&A) valuation and integration.
Job Description
Leadership:Elevate, manage, and develop the team, which includes levels of manager, project manager, and senior analyst/accountant, onshore and offshore.Manage with a commitment to continuous learning and improvement, using a collaborative management style and willingness to dig into details to support Medline's objectives in a complex and evolving environment.Develop and mentor staff through open communication, training and development opportunities and performance management processes; build and maintain employee morale and motivation; ensure the team is appropriately staffed with required competencies.Meet with team weekly or as needed to review workload and deliverables/activities progress, redistributing if necessary.Technical Accounting Processes:
Accounting Policy and GuidanceLead the implementation and creation of accounting policies under US GAAP, including new FASB/IFRS guidance, and provide implementation guidance to the business.Apply GAAP expertise to enhance the review and governance over key, complex and/or high-risk accounting areas globally, such as reserves, inventory, and revenue.Analyze, assess, and document the impact of relevant technical guidance on the Company's operations and transactions, including accounting policies and disclosures. Lead and perform accounting research and act as advisor to the business for the accounting implications of both ongoing and nonrecurring transactions.Review material contracts and perform analysis for complex areas, including debt (ASC 470), M&A (ASC 805) or investments (ASC 321 and 323), credit losses (ASC 326), leases (ASC 842), VIEs (ASC 810), and revenue (ASC 606).
Technical AccountingLead and review monthly close processes (including key schedules, journal entries, and account reconciliations) for technical accounting areas including debt, derivatives, intangible assets, impairments, leasing, and investments.Analyze operating financials, interpret results and recommend a plan of action to improve the accounting process.Provide periodic monthly and quarterly schedules to support internal and external reporting, including key reserves and related information produced by the entity (IPE)
Mergers, Acquisitions, Investments & DivestituresOversee the purchase accounting, valuation and accounting integration of newly acquired entities; oversee accounting for divestitures.Perform analysis of proposed investments including VIEs.Implement and lead the process for pro forma and standalone financial reporting for acquired entities to comply with both US GAAP and SEC reporting requirements.
Act as the global subject matter expert on US GAAP regulations. Demonstrate a clear understanding of and stay current on new/proposed accounting guidance and best practices, including US GAAP and IFRS. Communicate and cross-functionally collaborate to implement any needed changes to internal controls and processes as a result of regulatory changes.
Assist with the documentation and testing related to the internal control environment and provide support for SOX 404 requirements, including review and maintenance of various technical accounting and reporting processes and documentation.
Support the external/internal audit request process as applicable.
Required Experience:
Bachelor's or master's degree in accounting, finance, business or related field.CPA (Certified Public Accountant)At least 8 years relevant experience in technical accounting areas at large, multi-national public companies (can be mix of public accounting or in-house as a public company).
At least 4 years of experience directly managing people including hiring, developing, motivating, and directing people as they work.
Benefits
- Medline is committed to offering competitive benefits and a variety of choices to best meet the needs of you and your family. For employees scheduled to work at least 30 hours per week, this includes health and well-being, financial fitness, career development, paid time off and more. Employees scheduled to work less than 30 hours per week can participate in the 401(k) plan, access the Employee Assistance Program (EAP), Employee Resource Groups (ERG) and Medline Service Corps. For a more comprehensive list of our benefits, please click here.
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.
Job Description
Leadership:Elevate, manage, and develop the team, which includes levels of manager, project manager, and senior analyst/accountant, onshore and offshore.Manage with a commitment to continuous learning and improvement, using a collaborative management style and willingness to dig into details to support Medline's objectives in a complex and evolving environment.Develop and mentor staff through open communication, training and development opportunities and performance management processes; build and maintain employee morale and motivation; ensure the team is appropriately staffed with required competencies.Meet with team weekly or as needed to review workload and deliverables/activities progress, redistributing if necessary.Technical Accounting Processes:
Accounting Policy and GuidanceLead the implementation and creation of accounting policies under US GAAP, including new FASB/IFRS guidance, and provide implementation guidance to the business.Apply GAAP expertise to enhance the review and governance over key, complex and/or high-risk accounting areas globally, such as reserves, inventory, and revenue.Analyze, assess, and document the impact of relevant technical guidance on the Company's operations and transactions, including accounting policies and disclosures. Lead and perform accounting research and act as advisor to the business for the accounting implications of both ongoing and nonrecurring transactions.Review material contracts and perform analysis for complex areas, including debt (ASC 470), M&A (ASC 805) or investments (ASC 321 and 323), credit losses (ASC 326), leases (ASC 842), VIEs (ASC 810), and revenue (ASC 606).
Technical AccountingLead and review monthly close processes (including key schedules, journal entries, and account reconciliations) for technical accounting areas including debt, derivatives, intangible assets, impairments, leasing, and investments.Analyze operating financials, interpret results and recommend a plan of action to improve the accounting process.Provide periodic monthly and quarterly schedules to support internal and external reporting, including key reserves and related information produced by the entity (IPE)
Mergers, Acquisitions, Investments & DivestituresOversee the purchase accounting, valuation and accounting integration of newly acquired entities; oversee accounting for divestitures.Perform analysis of proposed investments including VIEs.Implement and lead the process for pro forma and standalone financial reporting for acquired entities to comply with both US GAAP and SEC reporting requirements.
Act as the global subject matter expert on US GAAP regulations. Demonstrate a clear understanding of and stay current on new/proposed accounting guidance and best practices, including US GAAP and IFRS. Communicate and cross-functionally collaborate to implement any needed changes to internal controls and processes as a result of regulatory changes.
Assist with the documentation and testing related to the internal control environment and provide support for SOX 404 requirements, including review and maintenance of various technical accounting and reporting processes and documentation.
Support the external/internal audit request process as applicable.
Required Experience:
Bachelor's or master's degree in accounting, finance, business or related field.CPA (Certified Public Accountant)At least 8 years relevant experience in technical accounting areas at large, multi-national public companies (can be mix of public accounting or in-house as a public company).
At least 4 years of experience directly managing people including hiring, developing, motivating, and directing people as they work.
Benefits
- Medline is committed to offering competitive benefits and a variety of choices to best meet the needs of you and your family. For employees scheduled to work at least 30 hours per week, this includes health and well-being, financial fitness, career development, paid time off and more. Employees scheduled to work less than 30 hours per week can participate in the 401(k) plan, access the Employee Assistance Program (EAP), Employee Resource Groups (ERG) and Medline Service Corps. For a more comprehensive list of our benefits, please click here.
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.