Cost Manufacturing Accounting Supervisor

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 114,000 colleagues serve people in more than 160 countries.

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.

Our diagnostic solutions are used in hospitals, laboratories, and clinics around the globe. The crucial information derived from our tests, instruments and informatics systems are often the first step in patient care decision making for hundreds of health conditions from heart attacks to blood disorders to infectious diseases and cancers.

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’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 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 around the world 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 a best place to work for diversity, working mothers, female executives, and scientists.
  
  

The Opportunity

Our location in Irving, TX currently has an opportunity for a Cost Manufacturing Accounting Supervisor position. This individual will support the Manager of Financial Planning & Analysis, focusing on reporting requirements, internal control, and communication for manufacturing operations abroad. Additionally, this role will oversee strategic business initiatives geared towards ensuring site success, economic profitability, and financial compliance.

What You’ll Work On

• Product Cost Accounting and the establishment of annual manufacturing standard costs for Instrument Production in the US and China.
• Collaborate on the development of key standard cost of production components such as Direct Labor Rates, Activity-Capacity overhead rates, Excess Capacity calculations, utilization absorption tracking, Material Burden overhead, and bill-of-material maintenance.
• Maintain proper financial reporting to all appropriate areas to give visibility into monthly Division financials.
• Support FP&A Manager to consolidate global manufacturing and explain variances to forecasts spanning $90MM in spending, 500 employees, $500MM in COGS, and $300MM in inventory.
• Develop and direct Plans and Updates for business programs to assess reasonableness and achievability of forecast. Key elements include personnel and capital requirements.
• Ensure any financial exposures in operations are identified and accounted for in a timely manner by maintaining monthly reconciliation of general ledger, perpetual inventory, and fixed assets, as well as monitoring funding and activity in inventory exposure reserves.
• Provide monthly reporting of financial results for local & foreign affiliate manufacturing against latest benchmark, keeping operating management appraised of areas potentially requiring corrective action.
• Provide financial counsel in evaluating business strategies / alternatives - e. g., make vs buy, cost / benefit of refurb activities, financial analysis for RCE's.
• Support the development of finance team members on site, as well as, the foreign affiliates, on cost manufacturing accounting leading to accurate reporting and data integrity.
• Maintain identification of internal control needs and develop sufficient improvements to ensure no audit points. Assure proper internal controls are developed for new processes.
• Review / revise standard operating procedures (SOPs) used to document / train others on steps necessary to complete financial analyses explaining manufacturing results.
• Assist in collection of financial data to fulfill internal / external audit requests and maintain effective internal control and compliance with Abbott CFM’s, GAAP, and SOX.
  
  

Required Qualifications

• Bachelor’s degree in accounting or finance
• 7 years of accounting background
• Cost Manufacturing Accounting experience setting product standards
• Proficient in Excel, PowerPoint, Oracle ERP and SAP GL
• CPA is plus
  
  

Preferred Qualifications

• Strong aptitude / attention to detail / Debit-Credit T-Accounting
• Independent initiative, anticipatory mindset, and problem-solving skills
  
  

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 and @AbbottGlobal.

The base pay for this position is $85,300.00 – $170,700.00. In specific locations, the pay range may vary from the range posted.