Abbott

Jr Accountant

Posted on: 20 Jan 2021

Abbott Park, IL

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 107,000 colleagues serve people in more than 160 countries

JOB DESCRIPTION:

Job Description Summary

The main responsibilities for the Jr Accountant in the Americas Hub is to perform accounting related work and review journal entries and reconciliations performed by the Shared Service Third Party colleagues. The Jr. Accountant will serve as liaison between our Share Service Third Party provider, FP&A and CFS and drive process improvements.

Job Description

Support the day to day accounting operations for the region across captive and outsourced teams, ensuring effective and efficient delivery of shared service activities, to agreed service levels.

* Review and approve Third Party Shared Service Accounting journal entries and account balance reconciliations and complete the monthly financial close process.
* Prepare Hub journals entries, account balance reconciliations, and intercompany billing in accordance with Accounting rules and regulations
* Successfully navigate SAP to view documents and account balances, run reports, analyze purchase orders invoices, and utilize SAP data for analytics.
* Efficiently complete Microsoft Excel spreadsheets including pivot tables, vlookups, conditional formatting, and analysis of data.
* Identify and implement opportunities for continued improvement and simplification of financial and business processes.
* 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 audits.
* Ensure compliance with policies and procedures including CFMs.
* Operate independently within a varied and changing scope of responsibilities under some supervision.
* Processing expat payroll and coordinate related accounting with affiliates
* Perform intercompany analysis and support variance clearing

Complete special projects as assigned.

Minimum Education:

Associates degree in Accounting/Finance and/or Business or equivalent experience

Minimum Experience/Training Required:

2-3 years related work experience. Prior experience in Shared Services preferred. Strong system knowledge, problem solving skills and intercompany accounting knowledge preferred.

JOB FAMILY:

Financial Planning and Analysis

DIVISION:

IFO International Finance

LOCATION:

United States > Abbott Park : AP52 Floor-1

ADDITIONAL LOCATIONS:

WORK SHIFT:

Standard

TRAVEL:

No

MEDICAL SURVEILLANCE:

No

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)

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

Lake Bluff, IL

Abbott Laboratories discovers, develops, manufactures, and sells health care products worldwide. The company’s Established Pharmaceutical Products segment offers branded generic pharmaceuticals for the treatment of pancreatic exocrine insufficiency; irritable bowel syndrome or biliary spasm; intrahepatic cholestasis or depressive symptom; gynecological disorder; hormone replacement therapy; dyslipidemia; hypertension; hypothyroidism; Ménière's disease and vestibular vertigo; pain, fever, and inflammation; migraine; and anti-infective clarithromycin, as well as provides influenza vaccines and products that regulate physiological rhythm of the colon.

Its Diagnostic Products segment offers core laboratory systems in the areas of immunoassay, clinical chemistry, hematology, and transfusion; molecular diagnostics systems that automates the extraction, purification, and preparation of DNA and RNA from patient samples, as well as detects and measures infectious agents; cartridges for blood analysis; rapid diagnostics systems for infectious diseases; molecular point-of-care care testing for HIV, influenza A and B, RSV, and strep A; cardiometabolic test systems; drug and alcohol test systems, as well as remote patient monitoring and consumer self-test systems; and informatics and automation solutions for use in laboratories. The company’s Nutritional Products segment provides pediatric and adult nutritional products.

Its Cardiovascular and Neuromodulation Products segment offers rhythm management, electrophysiology, heart failure, vascular, and structural heart devices for the treatment of cardiovascular diseases, as well as neuromodulation devices for the management of chronic pain and movement disorders.

The company also provides glucose and blood glucose monitoring systems, including test strips, sensors, data management decision software, and accessories for people with diabetes. The company was founded in 1888 and is headquartered in Abbott Park, Illinois.