Director, Compensation

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. Director, Payroll Executive Compensation McKesson is seeking an experienced Director, Payroll Executive Compensation to lead the Executive Compensation and U.S. Payroll functions. This role is responsible for ensuring accurate and compliant payroll operations, leading payroll process improvements, managing payroll-related risk, and developing a high-performing team. The Director will partner closely with Human Resources, Finance, IT, Tax, and Audit teams to support organizational priorities and deliver an exceptional employee experience. Key Responsibilities Payroll Operations Ensure effective payroll integrations across timekeeping, HR, benefits, and other enterprise systems. Oversee executive payroll activities, including annual incentive plan (MIP) payments, restricted stock vesting events, and deferred compensation administration. Maintain confidentiality and integrity of payroll and compensation data. Operational Excellence Drive continuous improvement initiatives focused on payroll processes, controls, and system efficiency. Monitor payroll metrics and key performance indicators (KPIs) to identify trends and improvement opportunities. Utilize data and analytics to support decision-making and operational excellence. Leadership and Team Development Lead, mentor, and develop a high-performing payroll team. Serve as a subject matter expert for complex payroll matters. Foster a culture of accountability, collaboration, and continuous improvement. Compliance and Risk Management Ensure compliance with federal, state, and local payroll regulations and tax requirements. Manage payroll controls and identify opportunities to mitigate risk. Partner with internal and external auditors and support payroll-related audits and reviews. Cross-Functional Partnership Collaborate with HR, Finance, IT, Tax, and Audit teams to support key business initiatives. Build strong partnerships across the organization to ensure payroll processes align with business objectives. Minimum Qualifications Bachelor’s degree in Human Resources, Business Administration, Finance, Accounting, or a related field, or equivalent experience. 10+ years of progressive payroll experience in a large, fast-paced environment. 5+ years of people leadership experience. 5+ years of experience processing executive payroll and expatriate payroll. Experience managing multi-state payroll operations. Working knowledge of Workday Payroll. Strong knowledge of payroll regulations, payroll tax compliance, and payroll accounting principles. Preferred Qualifications Certified Payroll Professional (CPP) certification. Shared Services Center experience. Experience supporting executive compensation, deferred compensation, and equity-related payroll transactions. Critical Skills Strong communication and stakeholder management skills. Ability to handle highly confidential information with discretion and professionalism. Strong analytical and problem-solving skills. Advanced Excel and data analysis capabilities. Ability to manage multiple priorities while maintaining accuracy and attention to detail. Adaptability and effectiveness in a fast-paced, evolving environment. 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. Our Base Pay Range for this position $124,400 - $207,400 McKesson is an Equal Opportunity Employer McKesson provides equal employment opportunities to applicants and employees, without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability, age, genetic information, or any other legally protected category. For additional information on McKesson's full Equal Employment Opportunity policies, visit our Equal Employment Opportunity page. McKesson is committed to being an Equal Employment Opportunity Employer and offers opportunities to all job seekers including job seekers with disabilities. If you need a reasonable accommodation to assist with your job search or application for employment, please contact us by sending an email to (United States) View email address on click.appcast.io or (Canada) View email address on click.appcast.io. Resumes or CVs submitted to this email box will not be accepted. 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