Senior Accountant at Abbott Laboratories

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 114,000 colleagues serve people in more than 160 countries.

About Abbott

Abbott is a global healthcare leader, creating breakthrough science to improve people’s health. We’re always looking towards the future, anticipating changes in medical science and technology.

Working at Abbott

At Abbott, you can do work that matters, grow, and learn, care for yourself and 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 .

•        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.

The Opportunity

This position may work out of our Abbott Park, IL or Columbus, OH location supporting our Abbott Nutrition Corporate Financial Services business. 

As the Senior Accountant, Abbott Nutrition Corporate Financial Services (CFS) Record to Report (RTR) you will be responsible to prepare journal entries, prepare monthly consolidated reporting packages and other analysis supporting the Nutrition division; serve as liaison between our Shared Service Third Party provider, FP&A and CFS RTR; and drive process improvements. The Senior Accountant will perform accounting related work as well as financial reporting. The Senior Accountant will assist the ANHQ FP&A team with various reporting requests. Additional opportunities exist to participate in month-end calculations of Trading Company Gross Margin (TCGM) credits to business units.

WHAT YOU'LL DO:

·         Complete monthly consolidated reporting packages - Profit Review Package, Monthly Reporting Package (MRP) and Supplemental Reporting Package (SRP) for Abbott Nutrition.

·         Liaise with FP&A, CFS, and other Americas Hub team members to execute the financial close, provide guidance, and work together to improve processes.

·         Perform ad hoc request as requested by management including creating new reporting to increase management visibility into business performance.

·         Prepare analysis for CFS journal entries.

·         Ensure compliance with internal controls and provide support for SOX and internal audit.

·         Ensure compliance with policies and procedures including CFMs.

·         Complete external and internal audits and Sox requests.

·         Utilize SAP, Cognos and HFM to view documents and account balances, run reports, analyze and utilize data for analytics.

·         Provide guidance to Shared Service Third Party Accounting colleagues.

·         Review and assist in maintenance of Third Party Shared Services Standard Operating Procedures (SOPs). Provide on the job training (OJT) as necessary for new Shared Service Third Party activities.

·         Efficiently complete Microsoft Excel spreadsheets including pivot tables, vlookups, conditional formatting, and analysis of data.

·         Track and report on product flows from OUS manufacturing sites, and post TCGM credits to US and Puerto Rico entities.

·         Elevate issues and recommend solutions.

·         Coordinate a global balance sheet deep dive review process for Abbott Nutrition to analyze the aging and accuracy of account balances.

·         Serve as the Subject Matter Expert for global systems (HFM/SAP).

·         Operate independently within a varied and changing scope of responsibilities under some supervision.

·         Complete special projects as assigned.

Required Qualifications:

·         Bachelor’s degree in Accounting/Finance and/or Business or equivalent experience.

·         4+ years related work experience with at least 2+ years month end financial reporting, consolidating and presenting commentary.

·         SAP and HFM experience.

* 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. 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 and @AbbottGlobal

The base pay for this position is $72,700.00 – $145,300.00. In specific locations, the pay range may vary from the range posted.