Associate, RTR at Abbott

Selangor, Malaysia

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

HealthcareIndustries

Requirements

Bachelor’s Degree in Accounting/Finance, Chartered Accountant preferable
Intermediate Excel skills, good with managing large volume of data
Agile with working with various enterprise systems (e.g. JDE, BPCS, SAP), willing to work with manual processes and strive for process improvements
English required. Other language skills desired
Energetic and innovative with a passion to make things happen
Strong analytical and problem-solving skills (passion for data and accuracy)

Responsibilities

Assist in External/Internal Audit, preparing Financial Statement and Tax schedules
Communicate proactively with Divisions and respective functions to ensure smooth month end/year end closing
Ensure compliance with Abbott accounting policies and regulatory requirements
Contribute and participate in overall team initiatives, projects, and activities
Perform monthly/year end closing tasks (e.g., Journal posting, Accruals, Balance Sheet reconciliation/prepare commentaries, Product Costing, Intercompany related, FA matters)
Update SOPs as and when required
Back-up other team members as and when required
Manage day-to-day activities including monthly closing tasks (i.e. inventory provision review, GL vs sub-ledger tie-in, analytical review of P&L and BS movement, balance sheet recon review)
Perform annual closing tasks
Ensure business transactions are accurately recorded for any new business initiatives or changes in business processes
Monitor and correct complex data and information errors
Identify and resolve exceptions on inventory transactions resulting in out-of-balance
Address and eliminate data integrity and quality issues over time
Update SOPs and Work Instructions
Ensure all processes, policies and procedures are clearly defined and fully documented
Sustain minimum effective controls in compliance with SOX, GAAP, IFRS and any other accounting pronouncements and policies required
Read, understand, and execute on the policies and standards communicated by the GPMs and the corporate controller

Skills

Audit Preparation

Journal Posting

Accruals

Balance Sheet Reconciliation

Product Costing

Intercompany Transactions

Fixed Assets Accounting

Inventory Provision Review

GL Reconciliation

Analytical Review

SOX Compliance

GAAP

IFRS

SOP Updates

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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