Position Title : Senior Compliance & Controls Analyst Location: Lake Forest, IL DO WORK THAT MATTERS At Abbott, diverse ideas, perspectives, and expertise allow us to create the life-changing solutions that help people live healthier lives.
In 150 countries and with businesses spanning nutrition, diagnostics, medical devices, and branded generic pharmaceuticals, Abbott offers you enormous opportunities to explore your interests and help you achieve your career and personal goals.
We have an exciting opportunity for a Senior Compliance & Controls Analyst within our Abbott Rapid Diagnostics business located at Lake Forest, IL.
In this role, you will be responsible for assisting with the overall activities and oversight for the division for the Revenue Recognition Center of Excellence (COE), Sarbanes‐Oxley Program (SOX), and Compliance and Controls, ensuring strong and effective financial controls are in place and executed.
In addition to formal financial processes, this individual will be responsible for providing global support, guidance and training related to revenue recognition, SOX and controls, as well as other management ad‐hoc requests.
The position will interact with Abbott Rapid Diagnostics and Corporate finance professionals globally across all business units and organizations, as well as senior management.
Abbott Rapid Diagnostics (formerly Alere) is part of Abbott's Diagnostics family of businesses, bringing together exceptional teams of experts and industry leading technologies to support diagnostic testing which provides important information for treatment and management of diseases and other conditions.
RESPONSIBILITIES Revenue Recognition Center of Excellence - Responsibility for all ARDx (Abbott Rapid Diagnostics) Revenue Recognition COE activities including: Assist with the effort to implement revised COE revenue recognition review procedures from those previously established by Alere.
Support assessment of current review processes and revision recommendations.
Gain approval for recommendations from ARDx and Abbott Senior Finance Management.
Assist with the effort to transition key revenue review processes and procedures to ARDx headquarters and other ARDx global accounting teams, as approved by management.
Ensure revised global revenue review procedures are performed as designed, providing EY with documentation of the reviews and proper revenue recognition to support interim and annual audits.
Responsibility for coordinating the establishment of ARDx global revenue recognition policies in accordance with Abbott's revenue policies and generally accepted accounting principles (GAAP).
Provide revenue recognition technical accounting guidance and support to local entity and BU personnel.
SOX program - Assist lead for coordination, planning and administering the ARDx SOX program, and reporting /testing to meet the program requirements of the Abbott SOX PMO, including: actively participating in the SOX scoping process, Coordination and training of all in‐scope ARDx entity personnel with SOX responsibilities and assist with implementation of the new Archer tool for the ARDx division SOX program.
Compliance and Controls - Oversee the internal control framework and help lead the control and compliance activities for ARDx HQ and global accounting organizations.
Provides coordination of external and internal audits across the division globally, providing support for adequate documentation for revenue SOX controls, and EY interim and year end testing.
Provides global support and guidance for accounting compliance with Abbott's Corporate Finance Manual and internal controls; ensuring alignment of Alere legacy policies with Abbott's policies and procedures.
Provides coordination across the division for transition of global entity stat audits to EY from prior auditors.
Provides audit response support to global entity accounting teams; assisting with entity responses, follow‐up and remediation.
Provides assurances that control owners understand the control environment and are equipped to identify risks and issues that could lead to potential control failures or oversights BASIC QUALIFICATIONS 5 plus years of combined Finance/Accounting experience is required.
Strategic mindset, strong analytical skills and effective communication skills are necessary to succeed in this position.
Bachelor's degree in Finance/Accounting, 5 ‐15%; Minimal travel required PREFERRED QUALIFICATIONS Public Accounting, Audit, SOX or regulatory compliance experience preferred.
CPA Preferred About Abbott 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 103,000 colleagues serve people in more than 160 countries.
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An equal opportunity employer, Abbott welcomes and encourages diversity in our workforce.
We provide reasonable accommodation to qualified individuals with disabilities.
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