Posted:
6/9/2025, 5:00:00 PM
Location(s):
Chicago, Illinois, United States ⋅ Illinois, United States
Experience Level(s):
Mid Level ⋅ Senior
Field(s):
Finance & Banking
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.
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 will have access to:
• Career development with a global company where you can grow the career of your dreams.
• Free medical coverage for employees* via the Health Investment Plan (HIP) PPO.
• An excellent retirement savings plan with high employer contribution.
• Tuition reimbursement, the Freedom 2 Save student debt program and FreeU education benefit; our affordable and convenient path to getting a bachelor’s degree.
• A company named one of the most admired companies in the world by Fortune Magazine and recognized as a great place to work in dozens of countries around the world.
• A company 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
Based in our corporate headquarters in Abbott Park, IL we have an opportunity for a Treasury Manager within our Global Treasury Operations team. This position reports to the Senior Director, Corporate Treasury and is a great opportunity for a detail oriented Treasury professional with strong treasury skills. Position is part of a 3-year Treasury Manager Development program encompassing 3 Treasury Manager roles.
What You Will Work On:
• Daily cash management for in-house bank including funding of intercompany loan program transactions and third-party investment management
• Support short and long term cash forecasting and rolling LBE process to ensure proper financial liquidity including interest rate forecasting and risk analysis
• Manage bank fee budget forecasting, rolling LBE process and actuals reporting. Develop and execute bank fee reduction strategies.
• Evaluate and recommend investment options and financial instruments that will meet the organization’s treasury objectives in compliance with Corporate Financial Policy.
• Establish and maintain positive, ongoing relationships with the external financial partners
• Month-end close and reporting activities for in-house bank entity
• Provide backup support to US Cash Manager
• Manage Share Repurchase Program and execution per management direction and approval
• Timely completion of month-end reporting for Shareholder Services activities
• Manage corporate dividend payment process and timely execution of dividend funding
• Closely work with Benefits and Executive Compensation on managing financial incentive programs
• Maintain close working relationship with Investor Relations and Talent Acquisition Groups
• Identify and co-ordinate operational improvements
• Lead bank account automation projects as required
• Facilitate Treasury activities, including payment processing
• Perform daily cash reconciliations
• Manage confirmation and settlement of FX transactions
• Maintain bank account controls and documentation
• Lead business compliance with Treasury Financial Policies
• Manage and coordinate netting process activities
• Assist with Sarbanes-Oxley and Audit activities
• Assist management with acquisition, integration and divestiture special projects
• Serve as a liaison between Treasury, IT and numerous business organizations
• Provide ad-hoc support to all groups for Treasury related activities
• Manage SWIFT global implementation
• Maintain robust business process procedures
• Manage direct reports
Required Qualifications:
• Bachelor’s degree in accounting, business, or finance required. MBA or advanced degree in business, finance or management preferred
• Experience in Corporate Treasury, Corporate Accounting, Corporate Finance or Commercial/Investment Banking (7 – 10 years)
• Effectively manage complex projects from start to finish (organized and detail-oriented)
• Collaborate well in a team environment (interpersonal skills)
• Experience with MS Office, SAP Treasury, and TMS strongly preferred.
The base pay for this position is
$97,300.00 – $194,700.00In specific locations, the pay range may vary from the range posted.
Abbott is an Equal Opportunity Employer of Minorities/Women/Individuals with Disabilities/Protected Veterans.
EEO is the Law link - English: http://webstorage.abbott.com/common/External/EEO_English.pdf
EEO is the Law link - Espanol: http://webstorage.abbott.com/common/External/EEO_Spanish.pdf
Website: https://abbott.com/
Headquarter Location: Illinois City, Illinois, United States
Employee Count: 1001-5000
Year Founded: 1944
IPO Status: Public
Last Funding Type: Post-IPO Debt
Industries: Biotechnology ⋅ Emergency Medicine ⋅ Genetics ⋅ Health Care ⋅ Health Diagnostics ⋅ Manufacturing ⋅ Medical ⋅ Medical Device ⋅ Nutrition ⋅ Pharmaceutical