Abbott Financial Analyst, Rebate – Electrophysiology & Heart Failure Division (Mississauga) in Mississauga, Ontario
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.
Status : Regular, Full Time
Position Overview :
Under the supervision of the Abbott CAHF Business Controller, 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 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 the Sales Reporting Program.
Load monthly net quota data by Territory Manager, customer and product for reporting purposes.
Maintain net quota data throughout the year, ensuring that any quota change, territory changes are accurately reflected in net quotas in system.
Manage month end entry, reporting and reconciliation functions.
Service Plan and Warranty Revenue.
Sales Adjustments, Deferrals.
Manage quarterly reporting processes related to Revenue Recognition.
Required Education and Experience:
Bachelor degree in Accounting or Finance is required.
Accounting designation is required (CA, CGA, CMA).
2 - 4 years previous experience in a similar role.
Required Skills and Abilities:
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.
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.
Ensure that all capital and service program sales are appropriately documented, revenue recognition requirements met, and revenue deferral/recognition entries completed as appropriate.
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An Equal Opportunity Employer
Abbot welcomes and encourages diversity in our workforce.
We provide reasonable accommodation to qualified individuals with disabilities.
To request accommodation, please call 224-667-4913 or email firstname.lastname@example.org