Position: Director Accounting & Controls
About Medline India:
Medline India was setup in 2010 in Pune, primarily as an offshore Development centre and to augment resources for Medline Industries LP headquartered in Chicago, USA. We are a 1500+ strong and growing team of technology, finance & and business support professionals who support our businesses worldwide towards a mission to make healthcare run better. We are proud to be certified as a Great Place to Work by the Great Place to Work Institute (India) for the duration May 2023 May 2024.
We are an organization with a conducive work environment, ample opportunities to learn, contribute and grow with a highly empowered & engaged team. We encourage our people to share their best ideas and create new opportunities for our customers and ourselves to work together to solve today's toughest healthcare challenges.
About Medline Industries, LP:
Established in 1966, Medline Industries LP is a renowned global healthcare organization boasting 56 years of consecutive sales growth, exceeding $21 billion in annual sales. With a workforce of over 36,000 professionals spread across the globe, we operate in more than 125 countries and territories. As the largest privately held manufacturer and distributor of medical supplies in the United States, Medline is uniquely positioned to offer comprehensive products, education, and support across the continuum of care.
At present, Medline Industries, LP holds the esteemed position as the #1 market leader, delivering an extensive portfolio of over 550,000 medical products and clinical solutions. Our clientele includes hospitals, extended care facilities, surgery centres, physician offices, home care agencies, providers, and retailers. We are proud to be recognized by Forbes as one of America's Best Large Employers and Best Employers for Women. Additionally, the Chicago Tribune has consistently named us a Top Workplace for the past 12 years.
Role Overview:
The Director Accounting (Record-to-Report) is a senior finance leader responsible for the end-to-end Record-to-Report (R2R) process, ensuring the accuracy, integrity, and compliance of the company's global financial records.
This role provides functional ownership and people leadership across a large, global accounting & controls organization covering International Accounting, Technical Accounting, Global Close & Cost Accounting, Global SOX and Internal controls. The Director ensures a timely, high-quality close, strong internal controls, compliance with GAAP/IFRS, and audit readiness, and acts as the first line of review prior to consolidation.
The role is the second-in-command in finance for the center, focusing on the controllership function while the Senior Director has overall finance oversight. The role also has thick functional relationship with the corporate/global controllership team for alignment on policies and standards (as common in global companies).
Key Responsibilities
Financial Close and Consolidation
- Own and oversee the end-to-end Record-to-Report (R2R) process, from transaction recording through reconciliation and close.
- Ensure timely and accurate processing of journal entries, accruals, allocations, intercompany accounting, and period-end close activities.
- Oversee balance sheet reconciliations, ensuring completeness, accuracy, timely resolution of reconciling items, and appropriate documentation.
- Establish and enforce close calendars, SLAs, quality metrics, and governance for R2R activities across regions.
- Drive standardization and consistency of processes across global teams.
- Act as the first line of review for outputs prior to consolidation and external reporting.
Financial Accuracy, Compliance & Technical Accounting
- Ensure the accuracy, completeness, and integrity of global financial records.
- Oversee accounting operations in compliance with US GAAP, IFRS, and local statutory requirements.
- Provide leadership and oversight for technical accounting assessments, accounting policies, and complex or non-routine transactions.
- Ensure financial decisions and reporting are based on reliable, compliant, and well-controlled financial data.
- Review financial statements and key accounting judgments prior to consolidation and external reporting.
Internal Controls, SOX & Audit Readiness
- Design, implement, and maintain strong internal controls over R2R processes, including SOX compliance.
- Ensure prudent controls are in place to minimize errors, misstatements, and financial risk.
- Coordinate with external auditors and internal audit teams; lead responses to audit findings and remediation efforts.
- Ensure high-quality statutory accounts, audit reports, reconciliations, and compliance documentation.
Cross-Functional & External Stakeholder Partnership
- Partner closely with FP&A, Tax, Treasury, Legal, Internal Audit, and Systems teams to ensure alignment across the financial ecosystem.
- Serve as a primary accounting contact for external auditors, tax authorities, and regulators related to R2R and statutory reporting.
- Support strategic initiatives such as new entity setups, market expansions, accounting changes, and system implementations.
- Deliver accurate statutory financial statements with compliant regulatory requirements.
Process Excellence & Transformation
- Drive continuous improvement in R2R efficiency, close timelines, reconciliation quality, and aging of open items.
- Leverage automation, ERP enhancements, and close tools to improve scalability, transparency, and control.
- Establish KPIs to monitor close quality, control effectiveness, audit outcomes, and operational performance.
- Ensure consistent accounting policies, procedures, and documentation across all geographies.
Leadership & People Management
- Lead and develop 100+ accounting professionals through next line leadership, fostering a culture of accountability, quality, and continuous improvement.
- Set clear expectations, performance goals, and ownership across R2R, technical accounting, and close functions.
- Coach and develop senior leaders, support succession planning and talent development.
- Promote strong ethical standards and financial stewardship across the organization.
Qualifications & Experience
- CPA / CA is strongly preferred. MBA Finance would be an additional asset, but a strong accounting qualification is paramount.
- Related certifications in internal audit or control (CIA/CISA) is a plus
- 10+ years of progressive accounting experience with deep R2R ownership.
- Proven experience leading large, global accounting teams through layered management.
- Strong expertise in GAAP, IFRS, SOX, internal controls, and audit management.
- Demonstrated success managing complex, multi-entity close environments.
- Experience in global shared services or GCC environments.
- Hands on experience in SAP and close transformation.
- Strong executive communication and stakeholder-management skills.
- Exceptional rigor in ensuring accuracy of financial data, compliance and controls.
