Manager, Finance Accounting & Reporting

Thornton Tomasetti; United States; On-site; USD 113,000 - 227,000; Full time

Benefits offered by this job

Career development

Free medical coverage (HIP PPO)

Strong retirement plan

Tuition reimbursement

FreeU education benefit

Fortune-recognized employer

Job summary

Abbott Park, IL, seeks a Manager of Deferred Margin to oversee global deferred margin reporting with over $12B annual P&L value and $2B balance sheet impact across 90+ affiliates.

The role drives intercompany eliminations, reconciliations, and control compliance, leading finance staff and coordinating with auditors. A CPA and 7+ years in consolidation/intl operations are preferred.

Qualifications

• Bachelors degree in Accounting or Finance strongly recommended.
• CPA highly desirable.
• Minimum of 7 years of relevant experience including 5+ years supporting Consolidations, Financial Reporting and/or international operations.

Responsibilities

• Elimination & consolidation: manage intercompany elimination and consolidation for inventory, service equipment, and spare parts for the One Margin process and legacy divisions.
• Reconciliations: manage monthly intercompany elimination reconciliations and communicate issues/results to affiliates/divisions and upper management.
• Process improvement: develop and implement process improvements to templates and tools for intercompany reporting.
• LBE: review LBEs and other financial forecasts for margin and exchange on margin billed.
• Support divisions/tax: provide support in division and tax processes, exchange impacts, and margin by source.
• Financial controls: ensure controls in place and liaise with auditors for SOX and audit issues.
• Leadership: build, motivate, develop and direct professional finance staff.

Education

Bachelor's degree in Accounting or Finance

CPA

Tools

SAP

Job description

JOB DESCRIPTION:

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.

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 Abbott is about the power of health. For more than 135 years, Abbott has been helping people reach their potential — because better health allows people and communities to achieve more. With a diverse, global network serving customers in more than 160 countries, we create new solutions — across the spectrum of health, around the world, for all stages of life. Whether it’s next-generation diagnostics, life-changing devices, science-based nutrition, or novel reformulations, we are advancing some of the most innovative and revolutionary technologies in healthcare, helping people live their best lives through better health. The people of Abbott come to work each day with relentless energy, enthusiasm and a promise to enhance the health and well-being of millions of people. They push the boundaries to help manage and treat some of life’s greatest health challenges. We invite you to explore opportunities at Abbott, to see if your talents and career aspirations may fit with our openings. An equal opportunity employer, Abbott welcomes and encourages diversity in our workforce.

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

Follow Us: Facebook LinkedIn YouTube Twitter