Senior Accountant

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.

     

JOB DESCRIPTION:

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

• 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 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
The Senior Accountant, Intercompany Team, is responsible for overseeing and executing intercompany accounting activities across multiple legal entities and business units. This role ensures the accurate recording, reconciliation, elimination, settlement, and reporting of intercompany transactions in compliance with corporate accounting policies and US GAAP/IFRS requirements.

The Senior Accountant serves as a subject matter expert for intercompany processes, drives process improvements, supports month-end and year-end close activities, partners with global stakeholders, and mentors junior team members to ensure timely and accurate financial reporting.

What You’ll Work On
Key Responsibilities:

Intercompany Accounting & Reconciliations

• Manage and perform monthly intercompany accounting activities, including billing, cost allocations, loans, royalties, and cross-company transactions.

• Prepare, review, and reconcile intercompany balances between domestic and international entities.

• Investigate and resolve intercompany mismatches, reconciling items, and aging balances in a timely manner.

• Coordinate with global finance teams to ensure intercompany transactions are properly recorded and matched.

• Monitor intercompany settlements and support cash clearing activities.

Financial Close & Reporting

• Lead intercompany-related month-end, quarter-end, and year-end close activities.

• Prepare and review journal entries, account reconciliations, and supporting documentation.

• Ensure accurate financial reporting and elimination entries for consolidation purposes.

• Analyze account fluctuations and provide explanations for significant variances.

• Support management reporting and ad hoc financial

Compliance & Controls

• Ensure compliance with company accounting policies, internal controls, and applicable accounting standards.

• Support SOX compliance activities, including control execution and documentation.

• Assist internal and external auditors by providing requested schedules, reconciliations, and supporting documentation.

• Identify risks and recommend control improvements related to intercompany accounting processes.

Process Improvement

• Evaluate existing intercompany processes and implement improvements that increase efficiency, accuracy, and standardization.

• Participate in ERP enhancements, system implementations, and automation initiatives.

• Develop and maintain process documentation, standard operating procedures (SOPs), and training materials.

Leadership & Collaboration

• Serve as a key point of contact for intercompany accounting matters across business units and regions.

• Mentor and provide guidance to junior accountants and new team members.

• Collaborate with Treasury, Tax, FP&A, Shared Services, an