Sr Financial Analyst

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 works out of our Abbott Park Headquarters (Lake County IL) location supporting our Corporate Finance team, office of the DVP/ Corporate Assistant Controller.

As the Senior Financial Analyst, you will be responsible for various financial processes and activities critical to the accurate consolidation of Abbott financials and provide analytics to support strategic business decisions.

What you will work on
We are looking for a highly motivated candidate who has an analytical mindset to be a key contributor to our Corporate Finance team. This person must have the ability handle accounting responsibilities for a wide variety of topics and proactively seek to understand processes to contribute effectively by analyzing challenges and proposing solutions. The position is unique in that the content is ever changing and is dependent on current strategic projects and supporting our Corporate Finance team as needed.

The primary duties include:

• Provide support to the Corporate and Division Finance teams from overall consolidation perspective. Analyze, investigate, and propose resolution for consolidation reporting issues as needed. Record top-side adjustments for but not limited to intercompany dividend elimination; intercompany non-operating income (expense); and entity restructuring activity.

• Provide support for corporate strategic projects such as acquisitions and other reorganizations from an accounting perspective. Collaborate with Corporate Reporting, Strategic Project Directors, and Division Finance as necessary to understand and propose processes to execute tasks as assigned. Tasks could include but are not limited to ensuring trial balances and purchase accounting opening balance sheet (OBS) and OBS adjustments are recorded accurately; analysis and recording of cash flow movements; push down of OBS adjustments to the local affiliate ledgers when purchase accounting is finalized; and push down of cash flow movement reporting to the local affiliate team responsibility when local systems are available.

• Ensure topside SAP and HFM temporary ledger balances are supported and maintain accurate organized backup for future reference. This includes but is not limited to accruals for reorganization activities, acquisition purchase accounting activity, deferred tax balances, and goodwill. Analyze monthly activity and resolve issues in a timely manner.

• Analyze intercompany investment in sub and capital ledger values reported by affiliates and included on topside ledgers to be sure details are in balance by entity. Collaborate with the Affiliate Accounting team to ensure monthly activity is understood and out of balances are resolved in a timely manner.

• Provide support to the Abbott Transition Organization (ATO) for reorganization activities by creating and maintaining accurate severance accrual roll forwards by country and currency. Record all necessary accrual adjustments as expenses are realized, quarterly accrual true-ups are finalized, accrual reversals are needed and push down to local ledgers if appropriate.

• Provide support to the Abbott Tax team throughout the year but concentrated for September soft close and year end reporting in the areas of consolidated Abbott deferred margin tie out, deferred margin tax provision, topside ledger deferred tax balances, intercompany dividend elimination and topside ledger P&L activity information.

• Effectively participate in various corporate driven projects including but not limited to: user acceptance and parallel testing for financial system or process changes; review of International Finance Policies (IFP) and Corporate Finance Manual (CFM) documents to ensure content is accurate and necessary revisions are proposed in a timely manner.

• Respond effectively, accurately, and timely to Internal / External Audit requests for supporting documentation and questions about processes.

• Maintain accurate procedures for all routine tasks and ensure an annual review of all procedures is completed.

EDUCATION:

• Bachelor’s degree in finance or accounting – CPA preferred

• 4 + years of progressive experience in finance/accounting

PREFERRED SKILLS

• Must possess strong analytical and problem solving skills.

• Self-starter who works independently to analyze and understand responsibilities.

• Strategic and innovative thinker who will challenge the status quo and drive process improvements.

• Effective communication skills with all levels of management and corporate functional teams.

• Proficiency in HFM/CCI and SAP is a plus.

Apply Now

• 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.