Manager, Finance Accounting & Reporting

ACCA Careers; Illinois; On-site; USD 113,000 - 227,000; Full time

Job summary

Abbott Park, IL is seeking a Manager Deferred Margin to lead the global deferred margin reporting for over 90 affiliates and a $12+ billion annual P&L. You will oversee intercompany eliminations, monthly reconciliations, and process improvements across divisions.

Role requires a CPA and 7+ years in consolidations, financial reporting, and international operations, with SAP knowledge. You will support divisions and tax processes, ensuring strong financial controls and leadership for the finance

Qualifications

• Bachelor's degree in Accounting or Finance; CPA desirable.
• Minimum of 7 years of relevant experience, including 5+ years in consolidations, financial reporting or international operations.
• Experience with international accounting issues including exchange and transfer pricing.
• SAP knowledge with material ledger postings, master data, and product movements.

Responsibilities

• Manage intercompany elimination and consolidation for inventory, service equipment, and spare parts for the One Margin process.
• Manage monthly intercompany elimination reconciliations and communicate results to affiliates/divisions and upper management.
• Develop and implement process improvements to enhance templates and tools for intercompany reporting.
• Review LBEs and other forecasts for margin and exchange on margin billed.
• Provide support in division and tax processes, exchange impacts, and margin by source.
• Ensure financial controls and liaise with auditors for SOX issues.
• Lead and develop professional finance staff.

Skills

Consolidations experience

Financial reporting

International operations

SAP

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 122,000 colleagues serve people in more than 160 countries.

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

Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives: www.abbottbenefits.com

Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life. Abbott is an Equal Opportunity Employer, committed to employee diversity. Connect with us on Facebook at www.facebook.com/Abbott, and on Twitter @AbbottNews.

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.