Manager, Technical Accounting
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 113,000 colleagues serve people in more than 160 countries.
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 will have access to:
- Career development with a global company where you can grow the career of your dreams.
- Free medical coverage for employees* via the Health Investment Plan (HIP) PPO.
- An excellent retirement savings plan with high employer contribution.
- Tuition reimbursement, the [Register to View] student debt program and [Register to View] education benefit; our affordable and convenient path to getting a bachelor’s degree.
- A company named one of the most admired companies in the world by Fortune Magazine and recognized as a great place to work in dozens of countries around the world.
- A company 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 Manager role is a specialized role that supports the Strategic Alliance Accounting and Accounting Policy group which includes US GAAP accounting and valuation for licensing and acquisition (L&A) activities, US GAAP policy research, finance policy guidance, goodwill and intangibles impairment testing and other accounting activities. This role is based at our Lake Bluff, Illinois Headquarters Office. We offer the flexibility of a hybrid work schedule.
What You Will Work On:
- The role also supports the record to report and financial planning & analysis (FP&A) functions for the corporate inventory valuation adjustments and environmental reserves. The position will have 1 direct report. The role works closely with the corporate and business finance, external auditors and external valuation firms.
- Individual is responsible for leading impairment reviews and considerations for the global company, managing finance policy process and supporting on other complex accounting and valuation considerations.
- Support two group directors in managing the valuation and accounting for licensing & acquisition activities, including working closely with the division finance partners, external auditors and managing work with external valuation firms.
- Lead the annual goodwill impairment testing. This includes working closely with business finance, corporate finance and corporate tax to understand and review business long-term forecasts and key assumptions, preparing the business unit valuation models and managing external third-party support for the process. Responsible for reporting the results to senior finance management and managing the external audit process around impairment.
- Lead the quarterly and annual intangible asset impairment process and monitoring of contingent consideration reserves. This includes working closing with business finance to understand and review asset forecasts.
- Work directly with the external auditors to coordinate their audit and review procedures around impairment.
- Manage the overall process to update, develop and maintain global finance policies and the finance policy deviation process.
- Manage the plans/ rolling forecasts and actual results for inventory capitalization performed at corporate. Monitor inventory variance capitalization and physical inventory results reported by the divisions.
- Responsible for global environmental reserve accounting and reporting, including external reporting requirements.
- Perform technical accounting research on accounting issues and assist with responding to finance policy and other technical accounting questions received. Apply relevant guidance and draft accounting memos to support conclusions as determined necessary.
- Supports DVP, Corporate and Civic Relations on a special project.
- Bachelor’s Degree in Accounting (preferred) or Finance.
- CPA preferred.
- Minimum 6 years of experience in related position
- Prior Public Accounting experience preferred. Cost Accounting experience is a plus.
- Experience building and maintaining strong working relationships in an internationally diverse cultural environment.
- Technical Knowledge, Abilities & Skills
- Knowledge of and experience researching US GAAP and SEC reporting requirements
- Strong written and verbal skills enabling effective communication with all levels of management
- Strong organizational skills required to coordinate and manage work processes and project
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.