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Senior Accountant

Employer
Abbott Laboratories
Location
Green Oaks, Illinois, United States
Closing date
Dec 28, 2021

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Job Role
Accountant
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals, and branded generic medicines. Our 109,000 colleagues serve people in more than 160 countries.

The main responsibilities for the Senior Accountant in the Americas Hub are to prepare journal entries, account balance reconciliations and other analysis supporting the APOC / Core Dx division; serve as liaison between our Shared Service Third Party provider, FP&A and CFS RTR; and drive process improvements. The Sr. Accountant will perform accounting related work and review journal entries and reconciliations performed by the Shared Service Third Party colleagues. The Sr. Accountant will assist Core Dx, USO, Rebate Accrual & Payments, and Payroll-related activities; with other ad-hoc analyses as required.

WHAT YOU'LL DO
  • Prepare analysis for Hub performed journal entries and balance sheet account reconciliations.
  • Provide guidance to Shared Service Third Party Accounting colleagues.
  • Review and approve Third Party Shared Service Accounting journal entries and account balance reconciliations and complete the monthly financial close process.
  • Review and assist in maintenance of Third Party Shared Services Standard Operating Procedures (SOPs). Provide on the job training (OJT) as necessary for new Shared Service Third Party activities.
  • Maintain Standard Operating Procedures for Hub activities. Complete OJT as necessary for new activities.
  • Utilize SAP, TM1, and Global BI to view documents and account balances, run reports, analyze purchase orders invoices, and utilize data for analytics.
  • Efficiently complete Microsoft Excel spreadsheets including pivot tables, vlookups, conditional formatting, and analysis of data.
  • Process rebate payments in SRM, and utilize Global BI and TM1 to post the appropriate accrual. Prepare journal entries and approve account reconciliations based on analysis.
  • Facilitate headcount movements in cooperation with Core Dx HR, taking care to preserve confidential information.
  • Prepare payroll reclassification entry for all functional areas within the US Core Dx business.
  • Participate in the annual tax package preparation for the US-domestic Abbott APOC / Core Dx entities.
  • Complete external and internal audits and Tax requests like the annual reserve & accrual analysis, and R&D tax credit.
  • Liaise with FP&A, CFS, and other Americas Hub team members to execute the financial close, provide guidance, and work together to improve processes.
  • Ensure compliance with internal controls and provide support for SOX and internal audit.
  • Ensure compliance with policies and procedures including CFMs.
  • Elevate issues and recommend solutions.
  • Operate independently within a varied and changing scope of responsibilities under some supervision.
  • Complete special projects as assigned.

EDUCATION AND EXPERIENCE YOU'LL BRING
  • Bachelor's degree in Accounting/Finance and/or Business or equivalent experience.
  • 4-8 years related work experience. Prior experience in Shared Services strongly preferred.

WHAT WE OFFER

At Abbott, you can have a good job that can grow into a great career. We offer:
  • Training and career development, with onboarding programs for new employees and tuition assistance
  • Financial security through competitive compensation, incentives and retirement plans
  • Health care and well-being programs including medical, dental, vision, wellness and occupational health programs
  • Paid time off
  • 401(k) retirement savings with a generous company match
  • The stability of a company with a record of strong financial performance and history of being actively involved in local communities

Learn more about our benefits that add real value to your life to help you live fully: www.abbottbenefits.com

Follow your career aspirations to Abbott for diverse opportunities with a company that provides the growth and strength to build your future. Abbott is an Equal Opportunity Employer, committed to employee diversity.

Connect with us at www.abbott.com, on Facebook at www.facebook.com/Abbott and on Twitter @AbbottNews and @AbbottGlobal.

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