General Ledger Accountant at Abbott

Taguig City, National Capital Region, Philippines

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

HealthcareIndustries

Requirements

Bachelor’s degree in Accounting, CPA, MBA is a plus
At least 3 years of RTR experience in a complex multi-country, shared services environment
Experience in specialized accounting such as Treasury, inventory and product costing is an advantage
Clear and demonstrated understanding of US GAAP with ability to apply technical knowledge in a practical manner to day-to-day operations
SAP or other enterprise systems experience advantage
Strong English communication skills and the ability to interact with internal and external parties at all levels. Korean or Japanese language skills a plus
Reasonable skill in Microsoft applications – Excel, Word and PowerPoint
Team-oriented, self-starter with the flexibility to work in a fast-paced environment with minimal supervision
Attentive to details

Responsibilities

Manage period-end close activities, including preparation, analysis and posting of GL journal entries (e.g., accruals, prepayments, intercompany transactions, fixed assets, adjusting entries)
Review and reconcile intercompany accounts, involving communication with other Abbott business locations worldwide
Prepare monthly financial and trend reports, ensuring timely, accurate and efficient completion
Prepare multi-currency bank reconciliations
Support account inquiries and fluctuations for month-end accounting review
Own and maintain various reporting schedules required by partners, ensuring high level of support and accuracy
Assist Local Finance Stakeholders with internal or external audit requirements, including providing supporting documents timely and accurately
Collaborate with Local Finance Stakeholders to address audit questions and provide oversight/support for responses and remediation of audit findings
Prepare Balance Sheet Account Reconciliations, ensuring all aged, open and reconciling items are accounted for, adequately explained, with sufficient details and documentation
Participate in process improvement initiatives, working closely with project owners/internal stakeholders to ensure implementations within targeted dates, and enhance/develop work schedules for efficiency
Participate in issue resolution, including resolving escalated operational issues, performing root-cause analysis, recommending preventive action plans, updating RAID log, addressing GL transaction issues, ensuring compliance with internal policies, accounting standards and regulatory requirements
Work in close collaboration with the Asia Pacific Office of Ethics & Compliance (OEC) and escalate violation incidences to OEC
Participate in testing and implementation activities to develop common end-state financial and accounting processes in support of supervisor and global process managers (e.g., RTR End to End Global Process Manager)

Skills

General Ledger

Period-End Close

Journal Entries

Accruals

Amortization

Fixed Assets

Intercompany Reconciliation

Bank Reconciliation

Balance Sheet Reconciliation

Audit Support

Financial Reporting

Multi-Currency Accounting

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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