General Ledger Accountant

Found in: beBee jobs PH - 3 weeks ago

Taguig, National Capital Region, Philippines Abbott Laboratories Full time

Position Title: General Ledger Accountant

Position Summary

Point-of-care diagnostics is a growing and dynamic industry helping to improve clinical and economic outcomes globally. Abbott brings you a variety of expert viewpoints on new innovations, insights, and impacts that are shaping the future of diagnostics.

Abbott Rapid Diagnostics 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.

This position GENERAL LEDGER ACCOUNTANT is within our GLOBAL BUSINESS SERVICES – MANILA located at 11F Five Neo Building Bonifacio Global City, Taguig, Philippines. This role is responsible for managing controllership activities associated with period end close and Finance reporting including monthly, quarterly, and annual close process and regulatory reporting. A few critical activities performed by a GL Accountant include General Accounting, Statutory & Financial Reporting, and Intercompany Processing & Reconciliations.

This job description will be reviewed periodically and is subject to change by management.

Duties and Responsibilities

  • Assist in preparing Monthly Financial Reports, Annual Financial Statements, and any other internal or external reports required, ensuring they are completed in a timely, accurate, and efficient manner.
  • Assist in the transition of GL functions both into and out of the GBS.
  • Develop new and streamlined existing processes and systems as required to ensure more efficient delivery of value-added information to both internal and external stakeholders.
  • Be an effective team player who will drive efficiency and continuous improvement throughout the department.
  • Essential Functions:
    • Preparation of monthly financial reports & trend reports, ensuring they are completed in a timely, accurate and efficient manner:
    • Preparation, analysis and posting of General Ledger journal entries
    • Preparation of accurate and timely GL account reconciliation at month-end
    • Calculation, posting and analysis of monthly accruals and prepayments, ensuring that all items are accurately captured.
    • Review and reconciliation of inter-company accounts, involving communication with other Abbott business locations worldwide.
    • Preparation of multi-currency bank reconciliations.
    • Assist in setting standard costs and estimates for Finished Goods, WIP, Rework, RM and packaging materials
    • Preparation of variance analysis and standard cost updates as required.
    • Provide cost information to management and other departments as required.
    • Support in the transition of functions to other locations into the GBS.
    • Preparation and submission of monthly and quarterly corporate packages
  • Other Duties:
  • Collaboration with external audit staff for periodic yearend review procedures and local statutory audits as required.
  • Provision of input on local finance policies and procedures ensuring ongoing compliance for all accounting and finance operations.
  • Participation in ongoing policy and control environment development to ensure compliance with applicable internal control regulations.
  • Enhancement of existing processes and development of new ones to ensure the most efficient completion of duties.

Core Competencies

  • Ability to multitask.
  • Excellent attention to detail and proven organizational skills
  • Functional and technical skills
  • Decision Quality
  • Problem-solving
  • Dealing with ambiguity
  • Priority setting and time management.
  • Process management.
  • Action-oriented/highly motivated
  • Drive for results.
  • Critical thinking and continuous improvement mindset
  • Customer focus

Skills and Qualifications

  • Bachelor's degree in Accounting; CPA is a plus.
  • Accounting Qualification – ACA, ACCA, CIMA preferred but not required.
  • 3 - 5 years relevant experience – preferably with Shared Service Centre and multinational manufacturing background
  • Experience in inventory management and product costing.
  • SAP P01 and Cost Controlling or other major ERP Systems experience is desirable.
  • Clear and demonstrated understanding of US_GAAP with ability to apply technical knowledge in a practical manner to day-to-day operations.
  • Fluent in English language both in written and verbal communication skills is essential
  • Able to work alone to understand and summarize financial data into high quality, accurate and usable summaries.
  • Strong computer skills especially MS Office
  • Team-oriented, self-starter with the flexibility to work in fast-faced environment with minimal supervision.

An equal opportunity employer, Abbott welcomes and encourages diversity in our workforce.

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