Financial Analyst – Structural Heart (Mississauga) (12-month Contract)

at  Abbott Laboratories

ABOUT ABBOTT

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.

REQUIRED QUALIFICATIONS

• Bachelor’s degree required (Finance preferred).
• 1-3 years of experience in a similar role (preferably in financial planning and analysis).
• Advanced knowledge of Excel (Pivot Tables, Vlookup, Hlookup, etc.) and financial applications i.e., SAP, Business Objects.
• Ability to work with minimum supervision.
• Demonstrates a sense of urgency and timelines.
• Good interpersonal and communication skills to communicate effectively with all levels of management.
• Excellent English communications skills.
• Receptive to change and a team player.
• Ability to prioritize and to meet strict deadline requirements.
  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.

• Ensure appropriate integrity and reasonableness of financial data as well as compliance with Corporate/Divisional financial policies and procedures;
• Support all aspects of Financial Control at the affiliate finance level, including Revenue and inventory;
• Recognize, report and prepare Monthly Account Accruals;
• 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;
• Monthly and quarterly sales reporting for buying groups and customers;
• Manage month end entry, reporting and reconciliation, sales adjustments, and deferrals;
• Be responsible for revenue recognition;
• Manage quarterly reporting processes related to Revenue Recognition;
• Coordinate and execute all ongoing and month end activities related to short dated/obsolete inventory and its final scrapping;
• Prepare reports and analysis for slow moving and obsolete inventory to be used for providing reserves/write offs, ensuring financial and management reports are accurate and up to date;
• Support and coordinate the execution of inventory cycle counts, reconcile inventory and prepare monthly inventory schedules;
• Develop and monitor KPIs aimed at reducing scrap and inventory;
• Develop relationships with key stakeholders to facilitate the reconciliation of inventory and purchase orders on a monthly basis to ensure inventory is within the scope of its inventory policies and procedures.