Manager, Finance Accounting & Reporting

Abbott; Illinois; On-site; USD 113,300 - 226,700; Full time

Job summary

Abbott Park, IL seeks a Manager Deferred Margin to oversee global deferred margin reporting with a multi-billion P&L and a balance sheet footprint across Abbott affiliates. You will lead elimination, reconciliations, and reporting in the One Margin framework.

This role requires CPA, 7+ years experience in consolidations/financial reporting, SAP expertise, and strong leadership to develop process improvements and ensure SOX controls.

Qualifications

• Bachelor's degree in Accounting or Finance required; CPA desirable.
• 7+ years of relevant experience including consolidation and financial reporting; international operations experience.
• SAP knowledge including material ledger postings, master data, and product movements.
• Experience with international accounting issues including exchange, transfer pricing, tax and treasury.

Responsibilities

• Elimination and consolidation for inventory, service equipment, and spare parts within One Margin process and legacy Abbott divisions.
• Manage monthly intercompany elimination reconciliations and communicate issues to affiliates and upper management.
• Develop and implement process improvements to enhance intercompany reporting templates and tools.
• Review LBEs and other financial forecasts for margin and exchange implications.
• Provide support in division and tax processes, exchange impacts, and margin by source.
• Ensure strong financial controls and liaise with auditors for SOX and other issues.
• Lead, mentor, and direct finance staff across the team.

Skills

Consolidations

Financial Reporting

International operations

Complex problem solving

Pressure management

Education

Bachelor's degree in Accounting or Finance

CPA desirable

Tools

SAP

Job description

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 115,000 colleagues serve people in more than 160 countries.

Working at Abbott

At Abbott, you can do work that matters, grow, and learn, care for yourself and your family, be your true self, and live a full life. You’ll also have access to:

• Career development with an international company where you can grow the career you dream of.
• Employees can qualify for free medical coverage in our Health Investment Plan (HIP) PPO medical plan in the next calendar year.
• An excellent retirement savings plan with a high employer contribution · Tuition reimbursement, the Freedom 2 Save student debt program, and FreeU education benefit - an affordable and convenient path to getting a bachelor’s degree.
• A company recognized as a great place to work in dozens of countries worldwide and named one of the most admired companies in the world by Fortune.
• A company that is recognized as one of the best big companies to work for as well as the best place to work for diversity, working mothers, female executives, and scientists.

The Opportunity

We have an opportunity for a Manager in our Abbott Park, IL location.

As the Manager Deferred Margin that will be responsible for managing and reporting of global deferred margin with an annual P&L transaction value of $12+ billion and balance sheet value of $2 billion, representing over 90 Abbott affiliates across all Abbott divisions.

What You’ll Work On

• ELIMINATION & CONSOLIDATION: Manage the intercompany elimination and consolidation for inventory, service equipment, and spare parts (income statement and balance sheet) for the One Margin process as well as the legacy Abbott divisions ADD, AMD, APOC, and ADC
• RECONCILIATIONS: Manage the monthly One Margin intercompany elimination reconciliations and communicate issues/results to the affiliates/divisions and upper management
• PROCESS IMPROVEMENT: Develop and implement process improvements to enhance templates and tools for intercompany reporting
• LBE: Review LBEs and other financial forecasts (e.g., exchange flexes) for margin, exchange on margin billed
• SUPPORT DIVISIONS/TAX: Provide support in division and tax processes, exchange impacts, and margin by source
• FINANCIAL CONTROLS: Ensure that all financial controls are in place and maintained throughout the year. Liaise with external and internal auditors for SOX and other audit issues
• LEADERSHIP: Build, motivate, develop and direct professional finance staff

Required Qualifications

• Bachelors degree in Accounting or Finance strongly recommended. CPA highly desirable
• Minimum of 7 years of relevant experience required including 5+ years supporting Consolidations, Financial Reporting and/or international operations
• SAP technical knowledge including familiarity with material ledger automated postings, master data, and product movements
• Experience in dealing with international accounting issues, including exchange and entity planning, transfer pricing, tax and treasury

Preferred Qualifications

• Complex problem solving capabilities
• Ability to work under pressure, consistently meet deadlines and direct activities on several projects at one time

Abbott is an Equal Opportunity Employer, committed to employee diversity.

The base pay for this position is $113,300.00 – $226,700.00. In specific locations, the pay range may vary from the range posted.