Accounts Payable Analyst at Abbott

Lake Mary, Florida, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, DiagnosticsIndustries

Requirements

Associate’s degree in Accounting, Business Administration, or other Finance related major (required); Bachelor’s preferred
1-3 years of experience in Accounts Payable or related account function (preferred)
Strong understanding of basic accounting principles and AP processes
Experience with ERP Systems (SAP, JDE, Sage, etc.) (preferred)
Proficiency in Excel and with Microsoft Office Suite (Outlook, Access, Word, PowerPoint)
Solid analytical insight, prioritization, and problem-solving skills
Strong oral, written, and interpersonal skills
Self-motivated, action-oriented individual with the perseverance to meet deadlines
Developed time management and priority setting skills required to work in an often ambiguous and constantly changing business environment
Business Analytics tool experience a plus (Power BI) (preferred)
Experience with automated AP workflow systems or OCR Tools (preferred)
Knowledge of 1099 preparation and IRS compliance (preferred)
Experience in large corporate or shared services environment (preferred)

Responsibilities

Prepare AP schedules and accruals for month-end reporting
Perform day-to-day accounting duties including but not limited to: posting journal entries, create vendor change form, vendor change confirmations, and/or other assigned tasks
Support annual financial audits by providing schedules and documentation
Ensure compliance with internal controls and financial regulations
Maintain and update AP procedures and documentation
Close communication with business partners (Finance, Supply Chain, Commercial)
Work both independently and in groups in a variety of situations requiring analytical-interpretive, evaluative, and constructive thinking
Provide cross-functional support by serving as a back-up for other Accounts Payable team members during absences or peak periods
Assist with AP system implementations or upgrades (ERP, OCR, workflow tools)

Skills

Key technologies and capabilities for this role

Accounts PayableJournal EntriesAccrualsMonth-End ReportingVendor ManagementFinancial AnalysisInternal Controls

Questions & Answers

Common questions about this position

What benefits does Abbott offer?

Abbott offers competitive compensation, incentives, retirement plans with 401(k) and generous company match, health care programs including medical, dental, vision, wellness, and occupational health, paid time off, training, career development, and tuition assistance.

Is this position remote or on-site?

The position requires working on site daily out of the Lake Mary, FL location.

What qualifications and skills are required for the Accounts Payable Analyst role?

An Associate’s degree in Accounting, Business Administration, or related field is required (Bachelor’s preferred), 1-3 years of AP or related experience preferred, strong understanding of accounting principles and AP processes, and experience with ERP systems like SAP, JDE, or Sage preferred. The ideal candidate is detail-oriented, highly organized, and capable of working in a fast-paced environment.

What is the work environment like at Abbott?

Abbott provides a fast-paced work environment where safety is prioritized, with clean, well-lit, temperature-controlled production areas.

What makes a strong candidate for this Accounts Payable Analyst position?

Strong candidates will have an Associate’s degree in Accounting or related field (Bachelor’s preferred), 1-3 years of AP experience, ERP system proficiency, and be detail-oriented, highly organized, with the ability to thrive in a fast-paced environment while maintaining strong internal controls.

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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