Sr. Financial Analyst

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Position Summary (Purpose of job):

FSS Overview: The Financial Services and Solutions (FSS) organization supports McKesson businesses by delivering accurate, efficient, and compliant financial operations. Within FSS, the Supplier and Customer Finance (SCF) team manages highvolume financial transactions related to McKesson's service offerings, with a focus on ensuring accurate customer pricing through rebates and administrative fee programs.

The Senior Financial Analyst (GPO) independently executes Group Purchasing Organization (GPO) rebate and administrative fee processes in accordance with executed contractual agreements and established controls. Core responsibilities include contract review and implementation, accrual processing, general ledger reconciliations, financial reporting, and validation and payout of passthrough rebates. The role applies to analytical judgment to interpret contract terms, investigate variances, resolve discrepancies, and ensure accurate financial outcomes.

This position partners with Accounting, Operations, and other crossfunctional teams to support monthend close and ongoing operational activities. The Senior Financial Analyst operates with minimal supervision, follows defined policies and SOX controls, and contributes to process improvements within an established framework to enhance efficiency and data accuracy.

The right candidate to join our FSS team can demonstrate the following competencies: embrace digital transformation, diverse and inclusive collaboration, strategic and analytical thinking, adaptability and growth mindset, expected to exercise independent judgment in solving complex financial issues, and provide clear, outcomefocused communication.

Role Summary:

1. Responsibility 1: Drive process improvements and ensure compliance.

• Proactively identify and implement opportunities to streamline and automate rebate and billing processes to improve efficiency and strengthen controls.
• Ensure GPO rebate and fee processes are documented and executed in accordance with SOPs and SOX/internal control requirements.
• Lead or support special projects and adhoc initiatives to meet departmental and organizational objectives.

2. Responsibility 2: Review and interpret contracts to ensure accurate fee billing and rebate compliance.

• Analyze GPO and customer contractual agreements to confirm fee calculations and supplier billings are fully compliant with contract terms.
• Ensure proper execution of the supplier invoicing for administrative fees and rebates, verifying that all contractually required invoice data elements are included.

3. Responsibility 3: Manage rebate payouts, collections, and dispute resolution processes.

• Calculate, validate, and process the payout of "pass-through" rebates to customers, ensuring timely and accurate payment of all eligible rebates
• Review aging reports and assist Accounts Receivable Team with collection efforts, including ensuring the proper application of incoming supplier payments for GPO fees
• Coordinate and resolve billing disputes or discrepancies with suppliers and internal teams through negotiating and influencing, facilitating prompt issue resolution and corrective actions

4. Responsibility 4: Prepare and distribute monthly financial reports, scorecards, and key metrics related to GPO rebates and fees to provide visibility into program performance.

• Provide management with monthly accrual and variance analysis reports for GPO rebates and supplier fees, highlighting trends and insights to support decision-making.
• Assist in periodic profit-and-loss (P&L) analysis and forecasting for rebate and fee programs as needed with FP&A teams, ensuring transparency of financial impacts.

5. Responsibility 5: Ensure month-end close processes are completed accurately and on time.

• Verify that all accruals and rebate calculations are updated and recorded for the month-end close in a timely manner.
• Perform detailed reviews of financial transactions with strict adherence to GAAP, company policies, and SOX compliance requirements.
• Audit Requests
• Perform general ledger account reconciliations and flux/variance analyses of financial results, providing analytical insight into monthly and quarterly performance.

General Responsibilities

• Drives operational maturity by identifying opportunities for automation and self-service, focusing on enterprise-oriented solutions
• Perform well in a high-pressure environment, ensuring that work is completed accurately and on time
• Help build and train high performing teams while role modeling I2CARE and ILEADRx behaviors.
• Cultivates and maintains a diverse and inclusive culture, encouraging healthy debate from multiple perspectives solutions
• Collaborates and builds strong relationships with internal and external stakeholders, including Business Unit Finance leaders, Compliance, and other Finance teams

Minimum Job Qualifications (Knowledge, Skills, & Abilities):

• Degree or equivalent and typically requires 4+ years of relevant experience in accounting, finance, financial analytics, or comparable discipline; CPA designation may be considered in lieu of some experience

• Strong Financial Acumen: Demonstrate a strong understanding of financial processes and the proven ability to ensure accuracy in financial reconciliation and reporting
• Embrace Digital Transformation: Demonstrate a strong digital mindset by actively seeking and implementing technological solutions to enhance business processes and drive innovation within the team.
• Diverse and Inclusive Collaboration: Foster a collaborative environment that values diversity and inclusion. Build and sustain positive relationships with stakeholders from varied backgrounds to drive professional growth and organizational success.
• Strategic and Analytical Thinking: Exhibit strong business acumen by staying informed about industry trends and aligning projects with broader organizational goals. Use data-driven insights to make informed decisions and influence positive changes.
• Adaptability and Growth Mindset: Show adaptability in the face of change and a willingness to take on challenges. Continuously seek learning opportunities and demonstrate resilience to maintain high performance and support team dynamics.
• Clear and Impactful Communication: Communicate complex information clearly and persuasively across all levels of the organization. Leverage effective storytelling techniques to convey ideas and drive key initiatives forward.

We are proud to offer a competitive compensation package at McKesson as part of our Total Rewards. This is determined by several factors, including performance, experience and skills, equity, regular job market evaluations, and geographical markets. The pay range shown below is aligned with McKesson's pay philosophy, and pay will always be compliant with any applicable regulations. In addition to base pay, other compensation, such as an annual bonus or long-term incentive opportunities may be offered. For more information regarding benefits at McKesson, pleaseclick here.

Our Base Pay Range for this position

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