At Abbott, we're committed to helping people live their best possible life through the power of health. For more than 125 years, we've brought new products and technologies to the world -- in nutrition, diagnostics, medical devices and branded generic pharmaceuticals -- that create more possibilities for more people at all stages of life. Today, 99,000 of us are working to help people live not just longer, but better, in the more than 150 countries we serve.
The Sr. Financial Analyst role is a very specialized role that supports the Strategic Alliance Accounting and Accounting Policy group which includes US GAAP Purchase Accounting for Licensing and Acquisition (L&A) activities, US GAAP Policy Research, CFM policy guidance, Goodwill and Intangibles Impairment testing and other functions.
The role also supports the RTR and FP&A functions for the valuation of US Inventory to Actual for US GAAP, which is performed by the Corporate Manufacturing Accounting (CMA) group.
The role works closely with the Divisions, External Auditors and External Valuation firms.
Core Job Responsibilities
Support the US GAAP Purchase Accounting for Licensing & Acquisition (L&A) activities. Works closely with the External Auditors, External Valuation firms and with the Business partners.
Supports the pushdown of the Purchase Accounting valuation to the Legal Entities.
Conducts policy research from both internal and external standards.
Supports Goodwill Impairment Testing.
Supports Intangible Impairment Testing.
Preparation of Consolidated Statements for Plans/ Rolling LBEs (RLBEs) /Actuals for Corporate Manufacturing Accounting.
Liaison and key contact person with Divisions for obtaining Manufacturing Actuals and Forecast information.
Supervise certain RTR and FP&A activities performed by Genpact.
Responsible for calculating and reporting the US Inventory turn assumptions.
Responsible for Inventory Verification Monitoring control for all US Operations.
Responsible for Global Environmental Reserve Accounting and Reporting.
Responsible for compiling the SEC 10K reporting for Property reporting and Environmental Liabilities Reporting.
Other Support Strategic Alliance Accounting and Accounting Policy group.
Corporate Manufacturing Accounting (CMA) function comprises of the Director of Strategic Alliance Accounting and Accounting Policy, Manager of Corporate Manufacturing Accounting and one Sr. Analyst Position.
Position Accountability / Scope
The Sr. Financial Analyst role has contacts with both the Revenue Divisions and the Service Divisions. For the Purchase Accounting Functions the role works closely with External Valuation firms, External Auditors and directly with the Business Partners.
The L&A valuations varies significantly in size with the largest deal to date being $28 billion (including debt).
The CMA Financials are completely dependent on the Divisions performance including macro- economic factors such as commodity pricing and exchange. In the last three years, the valuation reserves has ranged from an absolute ~ $10MM -$60MM.
Bachelor's Degree in Finance and Accounting
MBA/ MSA and/ or CPA preferred.
Minimum Experience/Training Required
3-5 Years of Experience
Prior Public Accounting experience preferred. Cost Accounting experience is a plus.
JOB FAMILY:Accounting & Reporting
DIVISION:FIN Corporate Finance
LOCATION:United States > Abbott Park : AP06C Floor-1
TRAVEL:Yes, 5 % of the Time
SIGNIFICANT WORK ACTIVITIES:Continuous sitting for prolonged periods (more than 2 consecutive hours in an 8 hour day), Keyboard use (greater or equal to 50% of the workday)
Abbott is an Equal Opportunity Employer of Minorities/Women/Individuals with Disabilities/Protected Veterans.
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EEO is the Law link