What are the responsibilities and job description for the Senior Manager, AR Management position at MCK McKesson Corporation?

Financial Services and Solutions Overview

Are you ready to be a pivotal force in Advancing Health Outcomes For All®? Join Financial Services and Solutions (FSS) at McKesson , where our diverse teams, play a critical role in ensuring every pill is seamlessly delivered from the manufacturer to the patient. In FSS, you'll gain exposure to various McKesson businesses while meticulously optimizing financial operations, driving positive cash flow for the Enterprise, and fostering collaborative relationships with internal and external customers. Our high employee engagement scores reflect a vibrant, dynamic workplace where your contributions have a tangible impact on the organization. If you're passionate about making a real difference and want to be part of a dedicated team that values efficiency, accuracy, and professional growth, FSS is the place for you. Join us and energize your career with endless opportunities!

Desired Skills :

Embrace Digital Transformation : Demonstrate a strong digital mindset by actively seeking and implementing technological solutions to enhance business processes and drive innovation.

Diverse and Inclusive Collaboration : Foster a collaborative environment that values diversity and inclusion.

Strategic and Analytical Thinking : Use data-driven insights to help inform decision-making cross-functionally.

Adaptability and Growth Mindset : Show adaptability in the face of change and a willingness to take on challenges.

Clear and Impactful Communication : Communicate complex information clearly and persuasively across all levels of the organization. Utilize storytelling to effectively convey ideas and drive key initiatives forward.

Key Responsibilities :

1. Lead stakeholder engagement

Manage a complex cross-functional stakeholder environment while developing strong cross-functional relationships within McKesson's key business partners – e.g., Billing, Account Operations, Account Management, BU Finance
Lead period-end AR review meetings with key stakeholders – focusing on key insights preventing conversion to cash and raising awareness of collectability risk for reserves considerations
Earn the trust of internal partners thru exceptional execution and proficiency – and expands on it to build strong and collaborative relationships
Utilize strong problem-solving skills and attention to detail to identify, communicate and resolve issues facing customers and partners

2. Manage AR aging and drive AR to cash conversion

Manage a complex AR environment across BUs, where there might be lack of standardized contractual terms and low maturity state across billing, invoice presentment, collections, and dispute resolution

Initiate proactive action on high dollar invoices, preempting past due status and driving higher on-time payment

Accelerate AR to cash conversion thru a problem-solving mindset with direct customer engagement and / or in collaboration with cross-functional partners

Uses BU's cash target goals as the center piece guiding prioritization and resource allocation decisions

3. Reporting & analysis

Manage a largely manual reporting environment while taking steps towards migrating it towards higher levels of automation

Prepare period-end reports providing prior-period insights at the customer level as to a) why those balances remain unpaid (causation); b) what's next to get it resolved; c) who is on point to resolve it; and d) when we expect to have it resolved - backward looking

Provide current-period insights into expected past due balances for the Top10 customers that will impact cash the most – and suggest potential mitigating action to pivot them from past due to cash - forward looking

Develop portfolio-wide AR performance review (MoM and YoY) by company code in support of internal AR management assessment of performance and to inform potential mitigating action

4. Talent management :

Lead, mentor, and develop the Accounts Receivable local and virtual talent to achieve departmental goals as well as their own professional goals

Qualifications : Minimum Requirements

5 years of AR management experience with 3 years of management experience in a fast-paced, dynamic environment, with a proven track record of accelerating cash and maintaining a healthy AR portfolio, while successfully engaging and presenting to partners and senior leaders cross-functionally

Critical Skills

High level of proficiency in Excel – including manipulation of large data sets and visualization in pivot table structures that facilitates presentation and understanding of key insights

Excellent oral and written communication skills, with experience presenting to cross functional partners and leaders

Experience working with and monitoring a virtual team

Strong business and financial acumen accompanied by in depth thinking skills that lead to sound business decisions

Experience leading teams through significant change

Excellent relationship building and communication with customer / stakeholder / business partners

Education :

Bachelor’s degree in Finance, Accounting, Business, or combination of education and equivalent work experience.

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, please

Our Base Pay Range for this position

85,600 - $142,600

Salary : $85,600 - $142,600

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