VP Accounting Operations & Close

Location: Northfield

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.

Overse…