Senior Accountant

Abbott Laboratories; Illinois; On-site; USD 78,000 - 156,000; Full time

Job summary

Abbott Park, IL-based Sr. Accountant – CFS RTR Core Diagnostics at AP-52. The Sr.

Accountant will liaison with our third-party shared service provider, FP&A, and CFS RTR to tie-out Sales & Cost for US commercial, review journal entries and reconciliations, and drive process improvements. You will also support USO Admin Fees, royalty payments, OEM processes, and Core Dx supply chain, while using Excel for data analysis to improve accuracy and assist in the close.

Qualifications

• 3–5 years of progressive financial experience.
• Bachelor’s degree in Accounting or Finance.
• Excellent communication and interpersonal skills across organizations.

Responsibilities

• Perform sales and cost tie-outs for US commercial in SAP and TM1.
• Review journal entries and reconciliations by third-party shared service.
• Assist in SOP maintenance and process improvements.
• Support USO Admin Fees, royalties, and OEM processes.
• Analyze large Excel datasets to improve accuracy.
• Coordinate with FP&A and Hub teams to close the books.
• Ensure SOX and internal controls compliance.

Skills

Financial analysis

Cross-functional collaboration

SOX/compliance

Education

Bachelor's degree in Accounting or Finance

Tools

Excel

PowerPoint

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 immediate opportunity for a Sr. Accountant – CFS RTR Core Diagnostics in our AP-52 location. (ie. Abbott Park, IL)

As the Sr. Accountant, you will serve as liaison between our third-party shared service provider, FP&A, and CFS RTR. The Sr. Accountant will perform Sales & Cost tie-outs for US commercial, review journal entries and reconciliations performed by the third-party shared service colleagues, other accounting related work, and drive process improvements. Also, the Sr. Accountant Core Dx (ADD) will be responsible for and support USO Admin Fees process, Royalty payments, USO OEM process, and Core Dx Supply Chain.

What You'll Work On:

• Sales and Cost tie-outs for US commercial between TM1, SAP and Global BI systems. Be a SME to manage the US sales and cost in these systems.
• Fully support the processes for Group Purchasing Organization admin fee projections and payments, royalty payments, OEM and other inventory via analysis and reconciliations.
• Review and approve journal entries and balance sheet reconciliations prepared by third-party shared service.
• Review and assist in maintenance of third-party shared services & HUB Standard Operating Procedures (SOPs).
• Provides on the job training (OJT) and guidance as necessary for new third-party shred services activities.
• Prepare analysis for the backup of Hub performed journal entries and balance sheet reconciliations.
• Efficiently manage and analyze large datasets in Microsoft Excel using pivot tables, lookup functions, conditional formatting, and advanced analytical tools to improve accuracy and completeness.
• Liaise with FP&A, CFS, and other Americas Hub team members to execute the financial close, provide guidance, and work together to improve processes.
• Ensure compliance with internal controls and provide support for SOX and internal audit.
• Ensure compliance with policies and procedures including CFMs.
• Elevate issues and recommend solutions.
• Operate independently within a varied and changing scope of responsibilities under some supervision.
• Complete special projects as assigned.

Required Qualifications: (Please add 3-4)

• 3-5 years of progressive financial experience.
• Bachelor’s degree in Accounting or Finance.
• Excellent communication and interpersonal skills as this role interacts with domestic and international organizations within ADD, Shared Services in India (Genpact), Corporate, and ADD senior management.

Preferred Qualifications:

• CPA or MBA preferred.
• Audit experience preferred.
• Strong technical, analytical, and problem-solving skills.
• The individual must be highly motivated and have the ability to work independently.
• Able to work under pressure, consistently meet deadlines and direct activities on several projects at one time.
• Strong PC/system skills; specifically Excel and PowerPoint with the ability to learn new systems quickly.

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 $78,000.00 – $156,000.00. In specific locations, the pay range may vary from the range posted.