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 your 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 a 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 worldwide 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 the best place to work for diversity, working mothers, female executives, and scientists.

The Opportunity

We have an immediate opportunity for a Controls & Compliance Supervisor - CFS Americas Hub in our Lake County, Abbott Park, IL location. Abbott Park is the global corporate headquarters of Abbott Laboratories and the base in which the US Finance Shared Services center maintains operations. From this location, Finance Shared Services provides processing and expertise to Abbott divisions and affiliate companies across the Americas. The core services are in Record to Report, Order to Cash, Source to Pay and Master Data Management. The Financial Shared Services hub is part of Corporate Finance and has regional counterparts in EMEA and in Singapore.

As a member of the Controls and Compliance team within the Corporate Financial Services (CFS) Portfolio, Process and Compliance (PPC) organization, the Controls & Compliance Supervisor will be accountable to perform the following for Shared Services (SSO) and Corporate Financial Services (CFS) primarily within the US region:

What You'll Work On:

• Act as Divisional Sarbanes Manager Responsible for Control Environment Maintenance, Adherence and Deficiency Remediation

• Lead Management SOX Testing and Control Reviews

• Act as Compliance Liaison for Internal / External Audit Teams and SOX reporting

• Act as Regional Division Security Coordinator

• Execute SOX PMO Initiatives and Ensure Adherence to Requirements

• Support CFS/SSO Portfolio Initiatives

  

Act as Divisional Sarbanes Manager (DSM) in Maintenance, Awareness and Improvements of the control environment

• Enhance and maintain SOX documentation in conjunction with process owners and shared service operations managers (e.g., flowcharts, risk assessments, etc.)

• Support management’s evaluations of internal controls over financial reporting and control changes via the Archer tool

• Lead the identification and optimization of internal controls through compliance driven process improvements (e.g., shift toward preventive automated controls and those RDA/RPA capable)

• Provide assurance that both Abbott and third-party service provider control owners understand the control environment and are equipped to identify risks and issues that could lead to potential control failures or oversights

• Lead impact and root cause assessments and execute specialized remediation plans for deficiencies identified by internal, external or management audit teams.

 Lead Management SOX Testing and Control Reviews

• Lead the management and execution of SOX testing for the US CFS Americas Hub, Corporate Organizations, and Corporate Treasury.

• Directly supervise a Genpact third-party resource to ensure the control environment is operating effectively and testing is appropriately documented

• Drive enhancements to audit templates, testing procedures and risk focus to confirm transactions have been recorded and processed in accordance with generally accepted accounting principles (GAAP) and the approved global standard or locally differentiated processes

Act as Compliance Liaison for Internal and External Audit Teams and SOX Reporting

• Provide planning, logistics and operational support to internal and external auditors, and drive further efforts for reliance.

• Act as compliance management and audit response support for the Global Process Managers, shared services process delivery leads and third-party service providers

• Drive assurance that documentation and attestation materials are complete, accurate, timely, and accretive to sustaining the internal control framework for all shared services in-scope processes in the region, including third-party service providers.

Act as Regions Division Security Coordinator to Ensure Appropriateness of System Access

• Lead the review and maintenance of regional system requests for segregation of duty conflicts across multiple ERPS

• Own the monitoring of existing controls and their expiration within SAP Environments as well as the design and implementation of new mitigating controls as needed.

• Support the SAP Security team in their global monitoring and escalation of unmitigated critical risks across SAP Symphony and S/4 Hana

Execute SOX PMO Initiatives and Ensure Adherence to Requirements

• Coordinate, plan, and administer changes to the US CFS control environment to meet Abbott SOX PMO requirements and deadlines.

• Support SOX PMO with the development and implementation of key initiatives, rationalizations and standardizations per the SOX Steering Committee

• Manage the analysis and memo reporting of various vendor SOC 1 reports for confirmation of operational effectiveness surrounding key provider systems

Support CFS\SSO Portfolio Initiatives and Enhancements

• Engagement in finance optimization initiatives ensuring appropriate controls are established for any new or revised processes, technology deployments and robotics automation.

• Support the advancement of the target operating model, design of the internal controls and manage of the migration of controls to CFS\SSO teams as appropriate.

• Drive initiatives to improve and streamline efficiencies surrounding SOX and non SOX compliance within CFS and supporting divisions

Required Qualifications:

• BA, BS in Finance or Accounting or equivalent experience

• 4+ Years of Experience, 2+ of those years in public accounting performing operational and financial audits, including SOX compliance work.

• Strong verbal and written communication skills with ability to effectively communicate at multiple levels in the organization

• Ability to work within a team and as an individual contributor in a fast-paced, changing environment

• Ability to leverage and/or engage others to accomplish projects.

• Ability to multi-task, prioritize and meet deadlines in a timely manner

Preferred Qualifications:

• CPA preferred

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.

     

The base pay for this position is

$86,700.00 – $173,300.00

In specific locations, the pay range may vary from the range posted.

     

JOB FAMILY:

General / Shared Services

     

DIVISION:

IFO International Finance

        

LOCATION:

United States > Abbott Park : AP06D

     

ADDITIONAL LOCATIONS:

     

WORK SHIFT:

Standard

     

TRAVEL:

Not specified

     

MEDICAL SURVEILLANCE:

No

     

SIGNIFICANT WORK ACTIVITIES:

Keyboard use (greater or equal to 50% of the workday)

     

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