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Supervisor, Strategic Alliance Accounting and Accounting Policy

1 month ago

Abbott Park, United States Abbott Laboratories Full time

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 peopleâs health. Weâre 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. Youâll also have access to:

â¢Â Â Â Â Â Â Â Â Career development with an international company where you can grow the career you dream of .

â¢Â Â Â Â Â Â Â Â Free medical coverage for employees* via the Health Investment Plan (HIP) PPO

â¢Â Â Â Â Â Â Â Â An excellent retirement savings plan with high employer contribution

â¢Â Â Â Â Â Â Â Â Tuition reimbursement, the Freedom 2 Save student debt program and FreeU education benefit - an affordable and convenient path to getting a bachelorâs degree.

â¢Â Â Â Â Â Â Â Â 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.

â¢Â Â Â Â Â Â Â Â 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 may work out of Abbott Park, IL or Willis Tower, Chicago, IL as part of our Corporate Finance function. 

The Strategic Alliance Accounting and Accounting Policy Supervisor role is a very specialized role that supports the Strategic Alliance Accounting and Accounting Policy group which includes US GAAP Purchase Accounting for Licensing and Acquisition (L&A) activities, US GAAP Policy Research, CFM policy guidance, Goodwill and Intangibles Impairment testing and other functions.

The role also supports the RTR and FP&A functions for the valuation of US Inventory to Actual for US GAAP.  

The role works closely with the Divisions, External Auditors, and External Valuation firms. 

WHAT YOUâLL DO

  • Support the US GAAP Purchase Accounting for Licensing & Acquisition (L&A) activities. Works closely with the External Auditors, External Valuation firms, and the Business partners.

  • Supports the pushdown of the Purchase Accounting valuation to the Legal Entities.

  • Conducts policy research from both internal and external standards.

  • Supports the overall process to update the Corporate Finance Manual (CFMs).

  • Supports Goodwill Impairment Testing.

  • Supports Intangible Impairment Testing.

  • Preparation of Consolidated Statements for Plans/ Rolling LBEs (RLBEs) /Actuals for Inventory Capitalization performed at Corporate.

  • Liaison and key contact person with Divisions for monitoring manufacturing variance capitalization.

  • Responsible for Inventory Verification Monitoring control for all US Operations.

  • Responsible for Global Environmental Reserve Accounting and Reporting.

  • Responsible for compiling the SEC 10K reporting for Property reporting and Environmental Liabilities Reporting.

  • Supports the monthly financial close process for Abbottâs investments that require equity method accounting.

  • Other Support Strategic Alliance Accounting and Accounting Policy group.

Position Accountability / Scope

The Supervisor role has contacts with both the Revenue Divisions and the Service Divisions. For the Purchase Accounting Functions, the role works closely with External Valuation firms, External Auditors, and the Business Partners.

EDUCATION AND EXPERIENCE YOUâLL BRING

Required

  • Bachelorâs degree in Finance or Accounting, MBA/ MSA and/ or CPA preferred.

  • 4 years of experience required.

  • Prior public accounting experience preferred.  Cost accounting experience is a plus.

* 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 â $166,000.00. In specific locations, the pay range may vary from the range posted.

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