Sr. Cost Accountant

1003 Abbott Laboratories; Irving (TX); On-site; USD 78,000 - 156,000; Full time

Benefits offered by this job

Free medical coverage for employees

Excellent retirement savings plan

Tuition reimbursement and education?

Employee wellness program

Job summary

Abbott, a global healthcare leader, seeks an experienced accounting professional in Irving, TX. You will own fixed assets, CIP, inventory, and cost accounting, ensuring accurate reporting and SOX compliance.

The role involves month‑end close, reconciliations, and cross‑functional collaboration to drive process improvements. The ideal candidate has a Bachelor's in accounting or finance, 5+ years’ experience, and strong analytical skills with proficiency in Excel, Tableau, and ERP systems.

Qualifications

• Bachelor's degree in accounting or finance; CPA is a plus.
• Minimum 5 years in accounting, finance, or related field.
• Good analytical and problem‑solving abilities.
• Deep knowledge of costing, inventory, and reconciliation processes.
• Strong understanding of GAAP, SOX compliance, and internal controls.
• Advanced data analytics and systems proficiency (Excel, Tableau, ERP applications).

Responsibilities

• Lead fixed assets, CIP, inventory, and cost accounting processes, including asset lifecycle management.
• Manage capital project and CIP accounting by tracking actuals, accruals, and classifications.
• Support month‑end close activities with journal entries, accruals, reclasses, and cost allocations.
• Maintain data integrity within Oracle/ERP systems and ensure proper system interactions.
• Oversee inventory accounting and controls, including cycle counts and ABC analysis.
• Prepare and review balance sheet reconciliations for key accounts.
• Ensure accuracy of standard costing, cost rollups, and transfer pricing coordination.
• Strengthen internal controls and SOX compliance across accounting processes.
• Partner with operations, finance, and audit teams to drive issue resolution and process improvements.

Skills

Analytical skills

Problem solving

Costing knowledge

Inventory control

Education

Bachelor's degree in accounting or finance

CPA certification

Tools

Excel

Tableau

ERP systems

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.

This position works out of our Irving, TX location in the Diagnostics Division. Our diagnostic solutions are used in hospitals, laboratories and clinics around the globe. The crucial information derived from our tests, instruments and informatics systems are often the first step in patient care decision making for hundreds of health conditions from heart attacks to blood disorders to infectious diseases and cancers.

What You’ll Work On

• Lead fixed assets, Construction in Progress (CIP), inventory, and cost accounting processes, including asset lifecycle management (additions, transfers, retirements) and annual physical inventory
• Manage capital project and CIP accounting by tracking actuals, accruals, and ensuring proper classification, reconciliation, and reporting of capital expenditures
• Support month‑end close activities, including journal entries, accruals, reclasses, cost allocations, and preparation of accurate and timely financial reporting
• Maintain data integrity within Oracle ERP and ensure accurate system interactions across accounting and operational processes
• Oversee inventory accounting and controls, including material movements, cycle counts, ABC stratification, consignment inventory, and audit procedures
• Prepare and review balance sheet reconciliations across key accounts such as inventory, CIP, prepaids, consignment, and accrued liabilities
• Ensure accuracy of standard costing, including cost rollups, price updates, and coordination of transfer pricing activities
• Strengthen internal controls, ensure SOX compliance, and maintain audit readiness across all accounting processes
• Partner cross-functionally with operations, finance, and audit teams to drive issue resolution, improve processes, and ensure accurate financial outcomes
• Drive process improvements, automation, and efficiency initiatives to enhance data accuracy, reporting quality, and reduce manual effort

Education and Experience You’ll Bring

• Bachelor's degree in accounting or finance, CPA is a plus
• Minimum 5 years in accounting, finance, or related field
• Good analytical and problem‑solving abilities
• Deep knowledge of costing, inventory, and reconciliation processes
• Strong understanding of GAAP, SOX compliance, and internal controls
• Advanced data analytics and systems proficiency (Excel, Tableau, ERP applications)

Benefits

• Career development with an international company where you can grow the career you dream of.
• Free medical coverage for employees* via the Health Investment Plan (HIP) PPO
• An excellent retirement savings plan with 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 around the world 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 a best place to work for diversity, working mothers, female executives, and scientists.

Misc: This is an onsite role at Abbott location in TX. This is NOT a remote role/opportunity.

* Participants who complete a short wellness assessment qualify for FREE coverage in our HIP PPO medical plan. Free coverage applies in the next calendar year.

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.

Job Details

JOB FAMILY: Accounting & Reporting DIVISION: CRLB Core Lab LOCATION: United States > Irving : LC-8 ADDITIONAL LOCATIONS: WORK SHIFT: Standard TRAVEL: Yes, 5 % of the Time MEDICAL SURVEILLANCE: Not Applicable SIGNIFICANT WORK ACTIVITIES: Continuous sitting for prolonged periods (more than 2 consecutive hours in an 8 hour day), Keyboard use (greater or equal to 50% of the workday)

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.

Abbott is an Equal Opportunity Employer, committed to employee diversity.

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.

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.

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