Senior Accountant

Location: United States - Illinois - Abbott Park

Employment type: Full time

Category: Finance

Industry: Healthcare

Posted: Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 122,000 colleagues serve people in more than 160 countries. Working at AbbottAt 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'll also have access to: Career development with an international company where you can grow the career you dream of .Free medical coverage for employees* via the Health Investment Plan (HIP) PPOAn excellent retirement savings plan with high employer contribution Tuition reimbursement, the Freedom 2 Save student debt program and FreeU education benefit - an affordable and convenient path to getting a bachelor's degree. 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: This position works out of our Lake County, IL location in the IFO International Finance division. As the Senior Accountant, you'll have the chance to serve as liaison between our Share Service Third Party provider, FP&A and CFS and to drive process improvements. The Sr. Accountant will perform accounting related work and review journal entries and reconciliations performed by the Shared Service Third Party colleagues to complete the month end close process. What You'll Work OnProvide guidance to Shared Service Third Party Accounting colleagues. Review and approve Third Party Shared Service Accounting journal entries and balance sheet reconciliations and complete the monthly financial close process. Review and assist in maintenance of third Party Shared Services Standard Operating Procedures (SOPs).Provides on the job training (OJT) as necessary for new Shared Service Third Party activities. Maintain Standard Operating Procedures for Hub activities. Completes OJT as necessary for new activities. Prepare analysis for the backup of Hub performed journal entries and balance sheet reconciliations. Successfully navigate SAP to view documents and account balances, run reports, analyze purchase orders invoices, and utilize SAP data for analytics. Efficiently complete Microsoft Excel spreadsheets including pivot tables, vlookups, conditional formatting, and analysis of data. Complete analysis in SAP/SRM of third party service provider accrual and prepaids. Prepare journal entries and account reconciliations based on analysis. Liaise with FP&A, CFS, and other team members to execute the financial close, provide guidance, and work together to improve processes. Ensure compliance with internal controls and provide support for SOX and internal audit. Ensure compliance with policies and procedures including CFMs. Elevate issues and recommend solutions. Operate independently within a varied and changing scope of responsibilities under some supervision. Complete special projects as assigned.

Required Qualifications: Bachelors degree in Accounting/Finance and/or Business or equivalent experience.3-7 years related work experience Proficient in Excel

Preferred Qualifications: Prior experience in Shared Services strongly preferred.* Participants who complete a short wellness assessment qualify for FREE coverage in our HIP PPO medical plan. Free coverage applies in the next calendar year. Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives: 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, on Facebook at and on Twitter @AbbottNews and @AbbottGlobal. The base pay for this position is $78,000.00 – $156,000.00. In specific locations, the pay range may vary from the range posted.