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.
Abbott is hiring a Manager, Finance Controls & Compliance!
As a member of the Controllership organization, the Compliance and Control Manager will be accountable to:
Lead the overall control and compliance activities for Abbott Medical Devices
Lead and coordinate the SOX program requirements of the Abbott SOX PMO for Med Devices and Abbott Nutrition
Supervise the Compliance and Control staff based in Minneapolis Minnesota
Support internal and external audits
Drive initiatives to simplify and streamline the efforts to comply
WHAT YOU'LL DO
Lead the overall control and compliance activities for Medical Devices
Support and sustain the development, refinement and update of the internal control framework to ensure overall efficiency and effectiveness of the Internal Control Framework
Ensure that internal controls are appropriately identified, documented and executed for global standardized processes and that specific differentiated control elements associated with approved localizations within Med Device/Abbott Nutrition scope are appropriate.
Engage consistently and proactively with management to serve as "change agent" and advisor for risk/control concepts during significant strategic initiatives (people, process, or technology-related).
Assess and define the internal control requirements associated with the implementation of finance transformation initiatives, finance operating model changes, business integrations and other enterprise solutions for the division. Ensure appropriate controls are established for any new or revised processes, technology deployments and robotics automation
Lead and coordinate the SOX program requirements of the Abbott SOX PMO
Manage the Abbott SOX program requirements for Med Devices
Lead the effort to rationalize controls across Abbott Nutrition and ensure successful implementation and adoption of Archer for documentation and self-assessment of SOX controls.
As processes are standardized, identify opportunities for controls rationalization, assess controls coverage and potential to streamline the compliance effort; and engage with the SOX PMO on scope implications where appropriate.
In partnership with the SOX PMO, provide oversight and management of our SOX compliance effort, coordinating with business partners to ensure that relevant risks are identified, and controls are designed appropriately.
Supervise the Compliance Staff to provide management with the following:
Assurance that the internal control framework is operating properly
Assurance that transactions have been recorded and processed in accordance with generally accepted accounting principles (GAAP) and the approved global standard or locally differentiated processes
Basis for assertion that the financial statements are free of material error
Assurance that both Abbott and third-party service provider control owners understand the control environment and are equipped to identify risks and issues that could lead to potential control failures or oversights
Assurance that documentation and attestation materials are complete, accurate, timely, and accretive to sustaining the internal control framework for the activities in scope for Med Devices/Abbott Nutrition.
Support internal and external audits:
Act as key stakeholder for external audit and consult with CFS on risk/control-related matters to satisfy PCAOB auditing requirements.
Provide direction and support to internal and external audits including guidance on audit findings Regional Compliance managers to facilitate and coordinate the timely completion of audit requests including Planning, logistics, and operational support for internal /external auditors
Collaborate with all parties to resolve issues and implement efficient control solutions while maintaining independence and objectivity
Proactively communicate findings to improve the divisional controls environment and prevent repeat findings
Drive initiatives to simplify and streamline the efforts to comply
Identify opportunities to improve and standardize processes/controls across the organization.
Engage with key stakeholders (Internal Audit, External Auditors, SOX PMO & CFS teams) to identify opportunities to streamline the compliance effort across Sox Compliance, Internal and External Audit
Identify opportunities to reduce the duplicity of effort and advance a reliance strategy where External Audit can rely on the independent testing performed by Abbott teams. Oversee independent management testing programs to ensure sufficient quality to meet SOX assertion requirements and synergies with external audit.
The Compliance and Control Manager must be able to manage interactions at all levels of Abbott, from the divisional, regional and corporate management teams to the internal and 3rd party outsource shared services teams. The position is accountable to establish and sustain the internal control framework and guide compliance and internal control decision making, delivery to commitments, and consequence management for the CFS Controls and Compliance team. In addition to SOX Compliance, this position is also responsible for day-to-day access provisioning and Segregation of Duty reviews for SAP MD across all process domains. This position will also be responsible for role design and access provisioning for Catapult S4/Hana implementation for the OTC process.
EDUCATION AND EXPERIENCE YOU'LL BRING
BA, BS in Finance or Accounting or equivalent experience
3-5 years overall Finance and Accounting experience
2-3 years of audit experience
2-3 years of internal controls, SOX or regulatory compliance
Strong experience developing and providing oversight for audits, control reviews and risk assessments
3+ years public accounting experience
Experience managing communications and responses to external audit and local statutory and regulatory authorities
Experience managing internal controls and compliance in a shared services and/or outsourcing capacity
Ability to effectively manage diverse stakeholders and resources in a multi-location, multi-national model
Demonstrated ability to develop effective working relationships throughout an organization including executive leadership and other internal/external parties.
Minimum Language Skills: English
WHAT WE OFFER
At Abbott, you can have a good job that can grow into a great career. We offer:
Training and career development, with onboarding programs for new employees and tuition assistance
Financial security through competitive compensation, incentives and retirement plans
Health care and well-being programs including medical, dental, vision, wellness and occupational health programs
Paid time off
401(k) retirement savings with a generous company match
The stability of a company with a record of strong financial performance and history of being actively involved in local communities
Follow your career aspirations to Abbott for diverse opportunities with a company that provides the growth and strength to build your future. Abbott is an Equal Opportunity Employer, committed to employee diversity.
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.