Deferred Jobs in Chicago, IL (NOW HIRING)

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 115,000 colleagues serve people in more than 160 countries.

Working at Abbott

At Abbott, you can do work that matters, grow, and learn, care for yourself and your 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.
• Employees can qualify for free medical coverage in our Health Investment Plan (HIP) PPO medical plan in the next calendar year.
• An excellent retirement savings plan with a 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 worldwide 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 the best place to work for diversity, working mothers, female executives, and scientists.

The Opportunity

We have an immediate opportunity for a Senior Financial Analyst Deferred Margin in our Lake County, Abbott Park, IL location.

As the Senior Financial Analyst, your primary responsibilities supporting Abbott Nutrition/Established Pharmaceutical Division/Abbott Vascular divisions include:

• Master Data for Net Cost and Margin Factors
• HFM Journal Entries for Deferred Margin
• Balance Sheet Review & Reconciliations

What You'll Work On:

Master Data for Net Cost and Margin Factors

Master Data: Generate net cost and margin factors that represent the intercompany margin in products that are currently sold or plan to be sold by ANI/EPD/AVD. This activity requires knowledge, collection and validation of transfer prices, standard costs, manufacturing usages, supply chain information, currencies, and exchange rates.

• Monitor, analyze and correct Billing Price/Cost variances.
• Support Central Cost System data collection throughout Plan and Actual cycles
• Provide analysis of year-to-year changes in margin factors to support planning activities and profitability reviews.
• Resolve international affiliates requests related to supply chain, group costs, and billing price records

HFM Journal Entries for Deferred Margin and Month End Close support

Record the deferral and release of Deferred Margin on the Balance Sheet ($.5Billion) and Income Statement ($2Billion) to ensure that Abbott reports proper consolidated financials.

• Prepare margin journal entries in Hyperion Financial Management (HFM) for Exchange, P&L adjustments, Balance Sheet activity, Standards Revision Variance (SRV), exchange scenarios @Plan and @Prior Year, as well as ad hoc entries
• Due to the dynamic nature of the intercompany structure and billing flows, process improvements are frequently required to adapt existing processes to the new environment
• Provide active and continuous support of the margin financial impact for ANI/EPD/AVD, ad hoc analysis to support Commercial Areas and Global Supply Chain organizations, and recognize the financial impact of decisions

Balance Sheet Review & Reconciliations

Analyze complex Deferred Margin inventory account reconciliations - develop recommendations to clear reconciling items and implement solutions.

• Monitor the annual and mid-year inventory Standard Revision Variance calculations due to changes in Transfer Price and Manufacturing Cost, resolve differences with international affiliates
• Influence and provide guidance for decision making within the team, management, and or functional groups for system, process, or data issues
• Support Deferred Margin data with external auditors

Master Data for Net Cost and Margin Factors

• HFM Journal Entries for Deferred Margin
• Balance Sheet Review & Reconciliations

Required Qualifications :

• Bachelor's degree in Accounting, Finance, or a related field, and 4+ years of experience. Or an equivalent combination of education and work experience.
• Excellent verbal and written communication skills
• Ability to work in an Accounting/Finance role supporting several divisions and international affiliates

Preferred Qualifications:

• Quantitative, analytical, and problem solving skills
• Organize and prioritize in a fast-paced work environment
• Partner with persons contacted in the course of performing the assigned duties
• High proficiency in Microsoft Excel including creating/maintaining Pivot Tables and formula writing (ie VLOOKUP, SUMIFS, and ability to write conditional IF or IFERROR statements)

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.

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.

An Equal Opportunity Employer

Abbot welcomes and encourages diversity in our workforce.

We provide reasonable accommodation to qualified individuals with disabilities.

To request accommodation, please call 224-667-4913 or email corpjat@abbott.com