At Abbott, we're committed to helping you live your best possible life through the power of health. For more than 130 years, we've brought new products and technologies to the world -- in nutrition, diagnostics, medical devices and branded generic pharmaceuticals -- that create more possibilities for more people at all stages of life. Today, 113,000 of us are working to help people live not just longer, but better, in the more than 160 countries we serve.
Status: Permanent Full Time
Location: Mississauga, Ontario (office based)
Under the supervision of the Abbott Vascular Finance Manager, this role ensures appropriate integrity and reasonableness of financial data as well as compliance with Corporate/Divisional financial policies and procedures, and profound understanding of GAPP.
Support all aspects of Financial Control at the affiliate finance level, including Revenue Recognition, Reporting and Monthly Account Accruals and preparation. This role is the key liaison between finance, contracts and the sales team and must support unique models and rebate programs to ensure the Division's liability is sufficient and properly supported. This role must identify risks, assesses assumptions and proposes recommendations and solutions to issues.
Manage rebate implementation, accrual, reporting and payment processes
Provide information as required during the RFP process and agreement drafting
Create rebate schedule for each customer's individual rebate program
Ensure rebates are accurately calculated and accrued on a monthly basis
Conduct quarterly rebate reviews with sales management and Contracts to validate the accuracy and reasonableness of accruals, highlight contract or compliance issues, identify revenue opportunities, payments due, etc.
Provide quarterly rebate review summaries, highlight action items
Verify contractual compliance as required, prior to releasing rebates earned
Ensure all rebate payments are appropriately calculated, documented and approved prior to payment
Manage all technology credit purchases made using rebate funds
Manage leverage capital deals
Monthly and quarterly sales reporting for buying groups
Manage month end entry, reporting and reconciliation functions
Service Plan and Warranty Revenue
Sales Adjustments, Deferrals
Ensure that all capital and service program sales are appropriately documented, revenue recognition requirements met, and revenue deferral/recognition entries completed as appropriate
Manage quarterly reporting processes related to Revenue Recognition
Bachelors Degree in Accounting
Minimum three to five years of related experience
Ability to work with minimum supervision
Demonstrates a sense of urgency and timelines
Strong interpersonal and communication skills to communicate effectively with all levels of management
Excellent English communications skills, French would be considered an asset
Receptive to change and a team player
Ability to prioritize and to meet strict deadline requirements
Advanced knowledge of Excel (Pivot Tables, Vlookup, Hlookup, etc.) and financial applications i.e., SAP, Business Objects
Abbott Canada is committed to the hiring, advancement and fair treatment of individuals without discrimination based on factors such as race, sex, colour, ethnic or national origin, religion, disability, age, citizenship, family or marital status, political beliefs, sexual preference or other factors included in human rights legislation.
Our diversity goals for recruitment, hiring, and retention are embedded in our corporate goals, and our diversity initiatives are supported by the highest level of the organization.
We strongly believe that a diverse workforce fosters more creative and innovative thinking throughout the organization. Creating an inclusive environment, where everyone is respected and valued, enables us to leverage our diversity as a business driver and strengthens our position as a global leader.
Abbott strives to promote and maintain an inclusive, high-performing culture that allows all employees to reach their full potential and contribute to Abbott's success.
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 109,000 colleagues serve people in more than 160 countries.