VP, Accounting - Managed Services Organization

What Accounting contributes to Cardinal Health

Finance oversees the accounting, tax, financial plans and policies of the organization, establishes and maintains fiscal controls, prepares and interprets financial reports, oversees financial systems and safeguards the organization's assets.
Accounting establishes and maintains accounting policies and controls, completes technical research, safeguards the organization's assets and ensures accuracy of accounting and financial records in accordance with accounting standards.

The VP, Accounting - Managed Services Organization (MSO) is responsible for the end-to-end identification, recording, and presentation of financial results for use in both internal and external reporting. The job supports the development of accounting processes, internal controls, decision support and complex technical research associated with our Management Services Organization businesses within the Pharmaceutical and Specialty Solutions segment. The job coordinates with various functions throughout the organization and serves as an effective liaison between the functions and users.

This role leads a function that is interconnected with other business functions across the entire enterprise. The job manages a departmental budget.

• Supports M&A and divestitures as required, including due diligence, integration, and separation activities by attending diligence calls, working with deal team to understand accounting impact of standard and non-recurring transactions, reading relevant transaction documents, preparing memorandums, partnering with outside consultants and legal counsel to gain full understanding of key terms.
• Identifies, implements and maintains key internal controls. Works with internal and external auditors and meets with cross functional teams to understand existing processes, determine highest risk areas, making judgements on the most efficient and effective mix of controls that should be implemented and tested, and ensuring appropriate execution and remediation of controls.
• Responsible for ensuring the accuracy, completeness and consolidation of financial balances and transactions associated with MSO organizations. Well versed in Variable Interest Entity accounting rules.
• Navigates, presents to, and effectively communicates with all levels of the organization, including communication of technical accounting matters to non-finance professionals.
• Maintains processes and controls to execute the monthly financial close and periodic reconciliation of accounts.
• Applies concepts of risk and materiality in making complex judgments related to accounting estimates and accounting reserves.
• Leads organizational design and development related to the MSO Accounting team to ensure we have the appropriate level of talent and an optimized cost structure.
• Oversees the technical accounting research and exercises judgement to form conclusions on key areas including; consolidation, investments, equity compensation, non-controlling interests, valuation of liabilities, and purchase accounting. Will require deep understanding of relevant policies and US GAAP and will need to work with multiple internal and external consultants to document complex accounting associated with Variable Interest Entity consolidation model, large portfolio of complex minority investments, amortization expense of subsidiary equity awards, and ongoing business valuations for goodwill impairment and equity awards.
• Supports technology projects to determine system capabilities, design requirements, testing, and implementation. Will need to understand IT landscape of multiple MSO businesses and lead changes associated with ERP implementations, accounting close and reconciliation software, and other IT change projects.
• Partners with other functions and external consultants, including tax, FPA, IT, HR, legal and corporate development on wide range of topics.
• Ensures enterprise compliance with Securities and Exchange Commission (SEC) and Public Company Accounting Oversight Board (PCAOB) requirements.

• 15+ years? experience in related field preferred
• 5+ years of public accounting experience preferred
• Bachelors or Advanced degree in accounting preferred
• Proficiency in identifying technical accounting issues
• Experience supervising large organizations
• CPA required
• Experience in writing technical accounting memos
• Experience in assessing wide variety of business transactions for appropriate treatment under US GAAP, including Accounting Standard Codification (ASC) ASC-606 Revenue from Contracts with Customers and ASC 805 - Business Combinations
• Experience in assessing risk and designing controls in accordance with standards issued by the Public Company Accounting Oversight Board
• Experience in assessing financial statement risk arising from the interrelationships of automated and semi-automated back-office computer systems
• Experience in drafting, interpreting, and applying accounting policies