Accountant at Abbott

Johannesburg, Gauteng, South Africa

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Pharmaceuticals, Diagnostics, Nutrition, Medical DevicesIndustries

Requirements

Tertiary finance/accounting qualification
CA(SA) or eligible to register for CA (preferred)
Previous experience in financial accounting role with strong background in debtors
Experience in Medical, FMCG, or related industry
Excellent Excel and spreadsheet experience
Good communication skills
Solid understanding of accounting principles including debtors (IFRS9), inventory, and revenue recognition
Analytical skills including problem solving (preferred)
Experience as accountant in large organization/multinational, preferably manufacturing with inventory accounting (PPV, exposure reserves, fixed assets, standard costing) (preferred)

Responsibilities

Manage month-end responsibilities and general accounting
Prepare and report periodic reports to Headquarters within deadlines
Monthly inventory reporting including PPV, GIT, and reserves
Monthly revenue reporting
Evaluate and manage debtors cash allocations and customer held orders
Deliver timely reconciliations of accounts, investigate and resolve variances within timelines
Monitor and adjust credit limits per Abbott Global Credit Policy
Act as finance partner to commercial divisions
Ensure Basic Operating Procedures are relevant and updated
Assist with and prepare reports for internal and external audits
Ensure strong internal controls are in place and maintained
Perform tasks related to internal and external audits within scope

Skills

Key technologies and capabilities for this role

Month-end closingGeneral accountingInventory reportingPPVGITReserves managementRevenue reportingDebtors managementCash allocationsAccount reconciliationsVariance analysisCredit limits management

Questions & Answers

Common questions about this position

What qualifications are required for the Accountant position?

A tertiary finance/accounting qualification is essential, with CA(SA) or eligibility to register for CA preferred. Previous experience in financial accounting with a strong background in debtors within Medical, FMCG, or related industries is required, along with excellent Excel skills, good communication skills, and understanding of accounting principles like IFRS9, inventory, and revenue recognition.

Is this Accountant role remote or office-based?

This position works out of the Johannesburg Roodepoort Offices, Abbott Place.

What does the company culture at Abbott look like?

Abbott offers work that matters with opportunities to grow, learn, care for yourself and family, and be your true self. It is recognized as a great place to work globally, one of the most admired companies by Fortune, and best for diversity, working mothers, female executives, and scientists.

What salary or compensation does the Accountant role offer?

This information is not specified in the job description.

What makes a strong candidate for this Accountant position?

Candidates with CA(SA) or eligibility, experience as an accountant in a large organization, and a strong background in debtors within Medical or FMCG sectors stand out. Preferred experience aligns with working in large organizations.

Abbott

Healthcare solutions in diagnostics and devices

About Abbott

Abbott Laboratories focuses on improving health through various medical technologies and health solutions. The company operates in areas such as cardiovascular health, diabetes management, diagnostic testing, nutrition, and neuromodulation for chronic pain and movement disorders. Abbott's products include advanced medical devices and diagnostic tests that help healthcare professionals and patients manage health conditions effectively. For example, their cardiovascular technologies assist in heart health management, while diabetes care products enable accurate glucose monitoring without painful fingersticks. Unlike many competitors, Abbott emphasizes accessibility and affordability in its offerings, aiming to make life-changing technologies available to a broader audience. The company's goal is to positively impact global health and well-being, supported by a commitment to sustainability and a 2030 Sustainability Plan.

Lake Bluff, IllinoisHeadquarters

1888Year Founded

IPOCompany Stage

HealthcareIndustries

10,001+Employees

Risks

Departure of key leader Dr. Adamson may affect Abbott's Heart Failure division.

Integration challenges with Medtronic could impact glucose monitor-insulin pump rollout.

Thermo Fisher's microfluidics expansion may increase competition for Abbott.

Differentiation

Abbott integrates continuous glucose monitoring with automated insulin delivery systems.

Abbott's microfluidic devices streamline diagnostic processes efficiently.

Abbott's neuromodulation products target specific nervous system areas for chronic pain relief.

Upsides

Microfluidic technology offers cost-effective solutions in diagnostics.

Strategic partnerships like Abbott-Medtronic enhance product offerings and market reach.

Significant investments indicate strong market confidence in Abbott's healthcare solutions.

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