Accounting Supervisor at Abbott Laboratories

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 114,000 colleagues serve people in more than 160 countries.

About Abbott

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.

Working at Abbott

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’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) PPO

•        An 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

We have an immediate opportunity for an Accounting Supervisor in our Lake County, Abbott Park, IL location.

This Accounting Supervisor position will interface with International Affiliates with respect to the reporting of monthly, quarterly, and annual financial information.  This position requires excellent written and verbal communication skills to communicate with affiliates and all levels of management.  Position takes a lead role in managing department’s activities related to on-going projects and working with core project team members.

What You’ll Work On

• Review and process monthly and year-end financial statements from international affiliates.

• Provide technical accounting expertise and guidance to international affiliates regarding US GAAP reporting.

• Reconcile Currency Translation Adjustment account for assigned affiliates.

• Act as liaison between international affiliates and Corporate.  Interface with all operating divisions and Corporate support divisions such as International Tax and Global Treasury.

• Process journal entries as needed for local currency adjustments and US Dollar override adjustments.

• Analyze various Balance Sheet and P&L accounts to ensure integrity of international affiliates financial reporting.

• Review local entity financial statements and process approvals from International Treasury, Corporate Tax and Corporate Legal departments.

• Reconciliations for IC accounts (cap stock/inv in sub, IC non-op and IC BS, and IC exchange).

• Participate in special projects because of organizational changes impacting international operations including coordinating journal entries with international affiliates for said changes.

• Divestitures

• Acquisitions

• Entity mergers

• Entity liquidations

• Entity restructurings

• Participate in other special projects as needed.

• New US GAAP pronouncements

• Ad-hoc reporting

Required Qualifications

• Bachelors in Accounting. CPA preferred. 

• Experience with monthly and year-end closings..

• Experience working in a multi-currency environment preferred.

• 5-7 years of relevant experience.

• Public accounting or internal audit experience preferred.

• Hyperion Financial Management experience preferred.

• Excellent communication skills and the ability to work in a demanding, multi-task environment.

• Must be able to work independently but can also work within a team.

• Self-starter – accustomed to identifying problems and quickly addressing root causes.

* 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:  www.abbottbenefits.com

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 $83,000.00 – $166,000.00. In specific locations, the pay range may vary from the range posted.