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, PharmaceuticalsIndustries

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 in accordance with Abbott Global Credit Policy
Act as finance partner to commercial divisions
Ensure relevant Basic Operating Procedures are 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

General Accounting

Month-End Close

Financial Reporting

Inventory Reporting

PPV

GIT

Revenue Reporting

Debtors Management

Account Reconciliations

Variance Analysis

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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