Manager, Finance Accounting & Reporting

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

Benefits offered by this job

HIP PPO Health Insurance

Employer 401(k) Retirement Plan

Tuition Reimbursement

FreeU education benefit

Great place to work recognition

Job summary

Abbott Park, IL-based role seeking a Manager, Deferred Margin. Responsible for global deferred margin reporting with an annual $12+ billion transaction value and $2 billion balance sheet, spanning over 90 Abbott affiliates across divisions.

The role focuses on elimination/consolidation, reconciliations, process improvements, and strong cross-functional leadership while ensuring SOX controls and audit readiness. Abbott is an Equal Opportunity Employer.

Qualifications

• Bachelor's degree in Accounting or Finance; CPA highly desirable.
• 7+ years of relevant experience including 5+ years supporting Consolidations, Financial Reporting and/or international operations.
• SAP knowledge including material ledger postings, master data, and product movements.
• Experience with international accounting issues, including exchange and entity planning, transfer pricing, tax and treasury.

Responsibilities

• Manage intercompany elimination and consolidation for inventory, service equipment, and spare parts under One Margin process.
• Oversee monthly intercompany elimination reconciliations and communicate results to affiliates/divisions and senior management.
• Develop and implement process improvements to enhance templates and tools for intercompany reporting.
• Review LBEs and other financial forecasts for margin and exchange impacts.
• Support divisions/tax processes, exchange impacts, and margin by source.
• Maintain financial controls and liaise with auditors for SOX and other issues.
• Lead and develop finance staff.

Skills

Complex problem solving

Work under pressure

Leadership

Education

Bachelor's degree in Accounting or Finance

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.

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

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.