Director, Capital Markets (, IL, United States)
McKesson
Job Description
McKesson is an impact-driven, Fortune 10 company that touches virtually every aspect of healthcare. We are known for delivering insights, products, and services that make quality care more accessible and affordable. Here, we focus on the health, happiness, and well-being of you and those we serve – we care.
What you do at McKesson matters. We foster a culture where you can grow, make an impact, and are empowered to bring new ideas. Together, we thrive as we shape the future of health for patients, our communities, and our people. If you want to be part of tomorrow’s health today, we want to hear from you.
About Us
Established in 1833, McKesson is a Fortune 10 diversified healthcare services leader dedicated to advancing health outcomes for patients everywhere. Our teams partner with biopharma companies, care providers, pharmacies, manufacturers, governments, and others to deliver insights, products and services to help make quality care more accessible and affordable.
Across our business segments, we help our partners to deliver insights, products and services, ultimately enabling customers to spend more time focused on patient care: U.S. Pharmaceutical, Medical-Surgical Solutions, Prescription Technology Solutions and McKesson International.
Working together, we navigate today’s evolving healthcare landscape and drive business performance. The four priorities of our enterprise strategy are to focus on our people and culture, expand oncology and biopharma services, drive sustainable core growth for our distribution and pharmacy businesses,
and evolve our full portfolio of businesses.
McKesson draws upon its rich and nearly 200-year history to serve as the central nervous system of healthcare, supporting 1/3 of all medicine distribution in America, treating ~15% of all new cancer patients and making over 31.7 million patient home deliveries.
We offer careers with purpose and potential. Our focus on better health starts with creating an inclusive environment with strong values where you can build a fulfilling career. You can count on us to provide you with resources and opportunities to grow and be your best, while contributing to our purpose of
Advancing Health Outcomes for All.
What sets McKesson apart as an exceptional place to work is our people. Our employees understand that together, unified by our I²CARE values, we fulfill our mission and uphold our reputation as a trusted partner to our customers and their patients. Our I²CARE values are foundational to all that we do, and
who we are as a company:
Integrity – We do what’s right
Inclusion – We embrace and respect each other as we are
Customer-First – We succeed when our customers succeed
Accountability – We take personal responsibility for our actions and our work
Respect – We treat people with dignity and respect
Current Need
McKesson’s Treasury is seeking a Director, Capital Markets, to assist with strategy formulation and leading the execution of capital markets activities, including but not limited to, capital structure optimization, debt issuance, loan syndication, alternative financing solutions like leasing, shareholder distributions, financial risk management, counterparty risk assessment and managing the day-to-day relationship with key market stakeholders like banks, rating agencies, asset managers and investment advisors, and fixed income investors.This role will report to the Vice President, Capital Markets and Assistant Treasurer, and will support the company’s long term financial objectives by providing capital structure and financial policy best practices and recommendations.
The ideal candidate will have a heavy finance background with proficiency in modeling moderate to complex financial problems, effective presentation and communication skills, and experience creating successful business partnerships across finance and non-finance disciplines, including tax, accounting, business units, financial planning and analysis, human resources and legal. The role will also be responsible for leading people, setting direction and deploying resources to various projects and initiatives.
Position Description
- Management of debt portfolio
- Assist with placing and servicing of long-term debt and credit facilities. Evaluate existing and alternative financing arrangements to ensure the company is optimizing debt capital structure to mitigate liquidity risk while realizing the lowest financing costs possible
- Support the company’s hedging strategies by structuring, executing, and valuing derivative trades to hedge FX, interest and foreign net investment risks
- Manage total return swap program to eliminate P&L volatility associated with unfunded deferred compensation plans
- Shareholder Returns:
- Dividend policy – Prepare analysis for annual dividend policy recommendations to the CFO and Board
- Share repurchases – Execute company’s share repurchase objectives via open market and structured share repurchase programs
- Investment management
- Provide oversight and thought leadership for investment management strategies for retirement programs, including the McKesson 401(k) plan
- Work closely with the investment advisor on executing fiduciary responsibilities
- Reporting and compliance
- Quarterly Board and monthly CFO reporting development of Treasury’s activities
- Support monthly close process and external reporting deliverables, including disclosures
- Effectively execute controls review responsibilities to ensure SOX and operational compliance
- Bank group and other external relationship management
- Support Treasury’s role in maintaining strong working relationships with credit providing banks, fixed income investors, credit rating agencies and other financial market participants and stakeholders
- Internal relationship management
- Collaborate with FP&A to develop and explain budget and forecasts for interest income, interest expense and other Treasury related items
- Support M&A and other enterprise initiatives
- Partner with and lead cross-functional teams of organizational peers and subordinates to ensure organizational alignment and process efficiency in assessing and executing our capital markets and intercompany financing initiatives
- Build and nurture relationships across the organization, including but not limited to, business units and corporate functions to identify and manage financial risks
- Cash management – collaborate with Treasury Operations team on cash management activities and serve as back up for managing daily cash positioning responsibilities
- Intercompany debt financing for acquisitions and subsidiary funding
- Position will be responsible for managing and overseeing the professional development of two direct reports
- Be prepared to lead and execute special projects and ad hoc initiatives
Typically 12+ year of overall finance and/or accounting experience and 4 years experience managing team. 5+ years Treasury Capital Markets experience preferred.
Critical Skills
- Experience working in and/or leading cross functional teams, including managing direct reports effectively
- Prior experience with Bloomberg and treasury management systems required
- Advanced skills in PowerPoint and Excel
- Forecasting and analytical skills
- Experience with financial audits and SOX compliance testing
- Collaborative and entrepreneurial mindset
- Strong team player with ability to influence others in a project setting and without authority
Additional Skills
- Advanced knowledge of the instruments, tools, processes, and stakeholders in the financial markets
- Ability to navigate complex financial topics and translate results into recommendations for senior leadership
- Working knowledge of hedge accounting guidance preferred
- Demonstrated ability to manage and prioritize various responsibilities with competing, deadlines
Education
- Bachelor’s degree in Finance or related field
- MBA or advanced degree with formal finance training
- CFA, CPA, FRM or equivalent certification preferred, but not required
Physical Requirements
- Hybrid location with proximity to Irving, TX (preferred) or Alpharetta, GA hub location
- Up to 10% travel
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
$130,000 - $216,600McKesson is an impact-driven, Fortune 10 company that touches virtually every aspect of healthcare. We are known for delivering insights, products, and services that make quality care more accessible and affordable. Here, we focus on the health, happiness, and well-being of you and those we serve – we care.
What you do at McKesson matters. We foster a culture where you can grow, make an impact, and are empowered to bring new ideas. Together, we thrive as we shape the future of health for patients, our communities, and our people. If you want to be part of tomorrow’s health today, we want to hear from you.
About Us
McKesson
, IL, United States, IL