Offers “Abbott”

Expires soon Abbott

Financial Analyst (Rebate) – Abbott Cardiac Arrhythmia & Heart Failure (Mississauga)

  • Mississauga, Canada
  • Marketing

Job description

JOB DESCRIPTION:

Financial Analyst (Rebate) – Abbott Cardiac Arrhythmia & Heart Failure (Mississauga)

At Abbott, we're committed to helping you live your best possible life through the power of health. For more than 125 years, we've brought new products and technologies to the world -- in nutrition, diagnostics, medical devices and branded generic pharmaceuticals -- that create more possibilities for more people at all stages of life. Today, 103,000 of us are working to help people live not just longer, but better, in the more than 160 countries we serve.

Status: Regular, Full Time

Status: Regular, Full Time

Position Overview:

Under the supervision of the Abbott Cardiac Arrhythmia & Heart Failure (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.

Responsibilities:

  • 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

  • Rebates
  • Service Plan and Warranty Revenue
  • Sales Adjustments, Deferrals
  • Revenue recognition
  • Manage quarterly reporting processes related to Revenue Recognition

Required Skills & 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

Required Education and Experience:

  • Bachelor degree in Accounting or Finance is required
  • Revenue Recognition experience
  • 3 - 5 years previous experience in a similar role

Abbott Canada is committed to the hiring, advancement and fair treatment of individuals without discrimination based on factors such as race, sex, colour, ethnic or national origin, religion, disability, age, citizenship, family or marital status, political beliefs, sexual preference or other factors included in human rights legislation.

Our diversity goals for recruitment, hiring, and retention are embedded in our corporate goals, and our diversity initiatives are supported by the highest level of the organization.

We strongly believe that a diverse workforce fosters more creative and innovative thinking throughout the organization. Creating an inclusive environment, where everyone is respected and valued, enables us to leverage our diversity as a business driver and strengthens our position as a global leader.

Abbott strives to promote and maintain an inclusive, high-performing culture that allows all employees to reach their full potential and contribute to Abbott's success.

JOB FAMILY:

Financial Planning and Analysis

DIVISION:

CAHF Cardiac Arrhythmias & Heart Failure

LOCATION:

Canada > Mississauga : 6975 Creditview Rd #1

ADDITIONAL LOCATIONS:

WORK SHIFT:

Standard

TRAVEL:

Yes, 5 % of the Time

MEDICAL SURVEILLANCE:

Not Applicable

SIGNIFICANT WORK ACTIVITIES:

Continuous sitting for prolonged periods (more than 2 consecutive hours in an 8 hour day)

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