Payroll Analyst at Abbott

North Chicago, Illinois, United States

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

HealthcareIndustries

Requirements

Bachelor’s degree in Accounting, Finance, Business Administration, or related field
2+ years of payroll experience, preferably in a large corporate environment
Strong understanding of payroll systems and timekeeping tools (e.g., Kronos, Workday)
Knowledge of U.S. payroll laws and regulations (FLSA, IRS, state tax rules)
Proficiency in Microsoft Excel (pivot tables, VLOOKUP, etc.)
Excellent attention to detail and organizational skills
Strong communication and customer service skills
Ability to work independently and manage multiple priorities
Preferred Qualifications
CPP (Certified Payroll Professional) or FPC certification
Experience with multi-state payroll and union/non-union environments
Familiarity with payroll reporting and analytics tools

Responsibilities

Assist in processing weekly and bi-weekly payroll for U.S. and P.R. employees using payroll systems (e.g., Workday)
Review payroll records, payroll inputs, and deductions to ensure accuracy and compliance
Respond to employee inquiries regarding pay and deductions in a timely and professional manner
Collaborate with HR, Benefits, Timekeeping and Data Integrity teams to ensure payroll alignment
Support internal and external audits by preparing documentation and reports
Identify and recommend process improvements to enhance payroll accuracy and efficiency
Stay informed of changes in federal, state, and local payroll regulations

Skills

Payroll Processing

Workday

Payroll Compliance

Deductions Review

Payroll Records

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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