Associate Commercial Finance Manager – Operations at Abbott

Bangkok, Bangkok, Thailand

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Nutrition, Healthcare, Consumer GoodsIndustries

Requirements

Min Finance/Accounting/Admin Bachelor’s Degree with relevant experience in finance and trade spending
Understanding of the commercial value chain (sales in trade business)
Understanding of customer service, finance administrative
Ability to learn and understand process, technologies and business strategies quickly
Ability to understand business requirements and convert them into solution designs
Must demonstrate good judgement and pragmatic approach to delivering a solution that optimizes architecture activities across company needs, business constraints and technological realities
Strong customer facing skills, with the ability to translate complicated technical finance needs for various non-finance audiences
Excellent ability to influence internal and external stakeholders and build consensus, understanding the different priorities in various teams/departments
Strong verbal and written communication skills

Responsibilities

Partnering with Sales Team for both Trade and Ethical business for trade spending management/settlement
Verify all related documents from distributor aligned with approved business plan, relevant contracts agreement for payment process
Assure timely payment to distributor to avoid any operational impacts due to delayed payment process
Assure the compliance of corporate finance payment process
Month-end closing preparation pertaining to Claims, accrual consolidation & outstanding review/reconciliation
Timely update of Trade Spending tracker
Support outstanding trade claim reconciliation with distributors (monthly)
Monthly trade spend KPI/dashboard
Monthly Claim Aging Report by Account
Ensuring Hygiene checks in Exceedra Tool
Support team on any initiatives and simplification project (Exceedra)
Support Claim Process between Distributors and Abbott Nutrition as principal
Ensure the claim is processed as per business requirements
Drive support on end-to-end trade spend management via Exceedra system and manage the service levels & liaise with internal and external stakeholders (Exceedra IT Team, FP&A, CFS, Sales Team, Distributor, etc.) as required

Skills

Trade Spend Management

Exceedra

Claims Processing

Month-End Closing

Accrual Consolidation

KPI Dashboard

Stakeholder Management

Reconciliation

Finance Processes

Customer Service

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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