Manager, Finance Accounting & Reporting

Abbott (abbottcareers2 board); Illinois; On-site; USD 113,000 - 227,000; Full time

Benefits offered by this job

Health benefits

Tuition reimbursement

Retirement plan

Education assistance

Job summary

Abbott Park, IL is seeking a Manager Deferred Margin to oversee global deferred margin reporting for over 90 affiliates, with an annual P&L value exceeding $12 billion and a balance sheet around $2 billion. You will lead intercompany eliminations, month-end reconciliations, process improvements, and margin forecasting while supporting tax, treasury, and audit functions.

This role drives leadership of a finance team and interaction with global divisions.

Qualifications

• 7+ years of relevant experience including 5+ years supporting Consolidations, Financial Reporting and/or international operations.
• SAP 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

Responsibilities

• 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
• Manage the monthly One Margin intercompany elimination reconciliations and communicate issues/results to the affiliates/divisions and upper management
• Develop and implement process improvements to enhance templates and tools for intercompany reporting
• Review LBEs and other financial forecasts for margin, exchange on margin billed
• Provide support in division and tax processes, exchange impacts, and margin by source
• 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
• Build, motivate, develop and direct professional finance staff

Skills

SAP

Intercompany accounting

Financial reporting

International operations

Education

Bachelor's degree in Accounting or Finance

CPA

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

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 at www.abbott.com , 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.

JOB FAMILY:

Accounting & Reporting

DIVISION:

IFO International Finance

LOCATION:

United States > Abbott Park : AP06D

ADDITIONAL LOCATIONS:

WORK SHIFT:

Standard

TRAVEL:

Not specified

MEDICAL SURVEILLANCE:

No

SIGNIFICANT WORK ACTIVITIES:

Keyboard use (greater or equal to 50% of the workday)

Abbott is an Equal Opportunity Employer of Minorities/Women/Individuals with Disabilities/Protected Veterans.

EEO is the Law link - English: http://webstorage.abbott.com/common/External/EEO_English.pdf

EEO is the Law link - Espanol: http://webstorage.abbott.com/common/External/EEO_Spanish.pdf