Accountant Job 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 115,000 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 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 works out of our Lake Bluff, IL location in the IFO International Finance division.
As the Jr Accountant, you'll perform a variety of duties in project & fixed assets accounting such as analyzing projects, approving shopping carts, creating journal entries, performing the monthly reporting, in a fast-paced, deadline-driven environment. Develop processes to make sure the financial statements are produced in accordance with US GAAP rules, complies with all 404 Sox requirements and in compliance with all Abbott Corporate Policies and Procedures. This position works with activities for multiple revenue divisions that will vary in size and dollar values.
What You’ll Work On
- Responsible for compliance with applicable Corporate and Divisional Policies and procedures;
- Compile and analyzes financial information through preparation of reports, sub-ledger and general ledger entries and other financial transactions;
- Collect and reviews data requested by auditors (internal and external);
- Develop and maintain processes to support fixed asset reconciliation functions;
- Identify, develop and implement processes to improve department performance;
- Participate in process reviews as a part of continuous improvement activities;
- Ensure cross-functional collaboration across process owners to implement standard, efficient processes;
- Assist and support in the assessment of impact of change initiatives;
- Interact with internal customers, by meeting regularly, responding to requests and explaining procedures;
- Interact with third party accounting service providers to ensure accuracy of activities performed;
- Aid in the transition and oversight of new business to the shared services organization;
- Complete ad hoc analysis, reviews or reports within Divisions and Corporate functions as necessary.
Position Accountability / Scope:
Work closely with management to meet deadlines and works with others in the organization to provide requested information from accounting groups as needed. The position will also have significant interaction with other financial management across the Divisions and Corporate reporting, and with Abbott's external and internal auditors. Reports to Shared Services Team Lead.
Required Qualifications
- Bachelor's degree plus 0-2 years of related work experience with a basic understanding of specified functional area, or an equivalent combination of education and work experience.
- Knowledge and application of accounting concepts, procedures and practices.
- Working experience with SAP or other large systems.
- Apply professional concepts and company policies and procedures to solve routine problems and exercise independent decision making.
- Candidates must have strong interpersonal communication and leadership skills and the ability to interact with various levels of finance personnel, including senior financial management.
Preferred Qualifications
- Candidates must be able to manage multiple tasks and work in a dynamic environment.
- Preferred but not required: Auditing experience with a major regional and/or public accounting firm.
- 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.
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