Reconciliation and Cash Applications Support and Escalation Analyst

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.

The Reconciliation Analyst ensures the accuracy and consistency of financial records by reconciling internal transactions with external sources. This role supports the cash application process and acts as a second-level escalation point, requiring strong analytical skills, attention to detail, and a solid understanding of accounting principles

Key Responsibilities:

• Reconcile internal records with bank statements, vendor invoices, and other external sources.
• Investigate and resolve discrepancies through cross-functional collaboration.
• Prepare detailed reconciliation reports in compliance with company and regulatory standards.
• Support month-end and year-end close processes.
• Recommend and implement process improvements and automation.
• Maintain documentation and ensure adherence to internal controls.
• Provide training and support to team members.
• Identify and mitigate financial risks related to reconciliation discrepancies.

ROLES AND RESPONSIBILIITIES:

• Act as second level of escalation within the cash application process
• Manage daily and monthly reconciliations of cash receipts posted in ERP system against bank account
• Communicate with internal and external customers to identify and resolve incoming payment related issues/disputes
• Process a variety of Cash Applications transactions in SAP, ScriptMed, CareTend and CPR+ and other ERP systems.
• Follow/execute on onboarding procedures for Payors on ERN and ACH payment methods.
• Participate on weekly/monthly account review calls with internal customers.
• Follow-up with various departments or external customers to get resolve or obtain missing remittance information as required.
• Provide support and assist in communication with treasury, banking partners and other internal functions
• Respond to operations technical questions from the virtual team and customer and provide follow through and resolution on issues
• Assist with pulling supporting documentation for internal/external audits
• Perform closing process according to month-end schedule
• Facilitate governance calls between virtual team and internal stakeholders
• Assist in ACH set-ups
• Research and resolve unapplied receipts
• Provide support and assist in communication with treasury, banking partners and other internal functions
• Be able to multitask/manage all retained functions
• Cross-train on other functions within the team
• Support and execute on integrations of new businesses in current environment as required
• Assist with resolving GL account reconciliations discrepancies
• Support/Process Prepayment requests/deposits
• Process Intercompany transfers, refunds, manage checks received on-site
• Perform closing process according to month-end schedule
• Proactively seek ways to continuously improve processes to achieve greater efficiencies and better controls.
• Support/Resolve Promo Accounting related issues/disputes

Skills & Competencies:

• Strong analytical and problem-solving skills.
• Proficiency in accounting software (e.g., SAP, SCRM, CareTend, CPR+) is desired.
• Advanced Excel skills (pivot tables, VLOOKUP, macros).
• Solid understanding of financial statements and general ledger.
• Effective communication and documentation abilities.
• Ability to manage multiple priorities and meet deadlines.
• Knowledge of regulatory requirements and internal controls.
• Team-oriented with a continuous improvement mindset.

Minimum Requirements:

• Typically, minimum 0-2 years of relevant experience. May have degree or equivalent

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

McKesson is an Equal Opportunity Employer

McKesson provides equal employment opportunities to applicants and employees and is committed to a diverse and inclusive environment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability, age or genetic information. For additional information on McKesson's full Equal Employment Opportunity policies, visit our Equal Employment Opportunity page.

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