JOB DESCRIPTION:
Abbott is a global healthcare leader, creating breakthrough science to improve people’s health. We’re always looking towards the future, anticipating changes in medical science and technology.
Corporate Financial Services (CFS) supports Abbott’s global finance operations by delivering high-quality financial and accounting services that drive compliance, operational excellence, and business performance across multiple markets and business units worldwide.
At Abbott, you can do work that matters, grow, and learn, care for yourself and family, be your true self and live a full life. You will have access to:
- Career development with an international company where you can grow the career you dream of.
- A company recognized as a great place to work in dozens of countries around the world and named one of the most admired companies in the world by Fortune.
- A company that is recognized as one of the best big companies to work for as well as a best place to work for diversity, working mothers, female executives, and scientists.
The Opportunity
As the Sr. General Ledger Accountant, you will be responsible for performing end-to-end accounting activities to ensure accurate, timely, and compliant financial reporting for multiple legal entities or business units. This role also involves handling complex accounting tasks, supporting audits, and participating in process improvement initiatives. The Sr. GL Accountant collaborates with various stakeholders within Corporate Financial Services and regional finance teams to drive operational excellence.
What You’ll Do
General Ledger & Month-End Close
- Perform journal entries, accruals, prepayments, and adjustments in compliance with accounting policies and standards.
- Manage intercompany transactions, confirmations and reconciliations, involving communication with Abbott business locations worldwide.
- Oversee fixed asset registers and ensure proper capitalization, depreciation, and disposals.
- Prepare financial reporting packages and trend reports, ensuring timely, accurate, and efficient completion.
- Prepare and analyze One-Margin or Global Product Reporting and Intercompany Margin Reports and load into Data Foundation.
- Prepare multi-currency bank reconciliations, including clearing of open items.
- Perform financial statement analysis, prepare adjustments as needed, and discuss financial results with Local Finance and/or Controllers.
- Prepare intercompany billing for cross-charges to various business units, ensuring accurate and complete documentation.
- Understand and apply the logic and methodology behind cross-charging mechanisms to ensure fairness and accuracy.
- Responsible for revenue recognition activities.
- Lead the annual costing process, working closely with procurement teams and local finance to review and validate standard costs and transfer pricing, ensuring accurate ERP updates.
- Analyze cost variances and ensure proper cost accounting for inventory.
- Perform annual account balance roll-forward activities in the ERP, ensuring balances are accurate and expected.
- Act as the Subject Matter Expert (SME) for accounting processes impacting supported entities or business units.
- Take responsibility for actions and outcomes, demonstrate urgency in delivering results, and remain dependable during critical business situations.
Compliance and Audit Support
- Serve as the point of contact for audit requirements and queries.
- Provide supporting documentation required by auditors in a timely, accurate, and efficient manner.
- Collaborate with Local Finance stakeholders to address audit inquiries.
- Support responses to and remediation of audit findings.
- Communicate and enforce organizational policies and procedures.
- Recognize and constructively conform to established practices and standards.
- Assist in the preparation of assigned entity statutory audits.
- Ensure compliance with SOX, internal controls, Abbott Corporate policies, and division or department-specific procedures.
- Support internal and external audits and Corporate Tax requests.
Balance Sheet Account Reconciliations
- Review balance sheet reconciliations prepared by GL Accountants, ensuring each reconciliation is complete and adequately documented.
- Perform complex balance sheet account reconciliations.
- Investigate and resolve outstanding issues, ensuring all aged, open, and reconciling items are properly accounted for and explained.
Process Improvement and Efficiency
- Work closely with project owners and internal stakeholders to ensure implementation within targeted timelines.
- Enhance existing work schedules and develop new processes to improve efficiency.
- Review and maintain process documentation to reflect improvements and changes.
Stakeholder Management and Issue Resolution
- Act as the first point of escalation for issues and concerns.
- Identify root causes and recommend resolution and preventive action plans.
- Update and monitor action items through RAID logs.
- Address and resolve escalated issues related to GL transactions.
- Ensure all resolutions comply with internal policies, accounting standards, and regulatory requirements.
Requirements
- B.S. Accountancy graduate; CPA preferred.
- At least 5 years of RTR experience in a complex, multi-country shared services environment.
- Experience in specialized accounting such as Treasury, Inventory, and Product Costing is a plus.
- Strong knowledge of IFRS and/or US GAAP with the ability to apply technical accounting knowledge to day-to-day operations.
- Solid experience in balance sheet reconciliations and account analysis.
- SAP P01, SAP S/4HANA, or other major enterprise system experience is an advantage.
- Strong English communication skills with the ability to interact effectively with internal and external stakeholders at all levels.
- Strong Microsoft Excel skills, including Pivot Tables, VLOOKUPs, and data analysis; VBA knowledge is an advantage.
- Team-oriented, self-starter with the ability to work independently while managing multiple priorities.
- Process and system migration experience is an advantage.
- Experience driving automation or finance process transformation initiatives is an advantage.
Location
This position is based in Bonifacio Global City, Taguig, Philippines.
Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life. Abbott is an Equal Opportunity Employer, committed to employee diversity.
Connect with us at www.abbott.com, on Facebook at www.facebook.com/Abbott and on Twitter @AbbottNews and @AbbottGlobal.
The base pay for this position is
N/A
In specific locations, the pay range may vary from the range posted.
JOB FAMILY:
Accounting & Reporting
DIVISION:
RMDx Rapid and Molecular Diagnostics
LOCATION:
Philippines > Taguig City : Five/Neo Building
ADDITIONAL LOCATIONS:
WORK SHIFT:
Standard
TRAVEL:
Not specified
MEDICAL SURVEILLANCE:
Not Applicable
SIGNIFICANT WORK ACTIVITIES:
Continuous sitting for prolonged periods (more than 2 consecutive hours in an 8 hour day)