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.
JOB DESCRIPTION:
The Opportunity
The Sr. Analyst, Accounts Receivable is responsible for interacting internally and externally to resolve outstanding issues relating to accounts receivable, inclusive of Credit, Collections, Invoicing, Cash Application, Deduction Dispute Resolution and Customer Order Release.
The Sr. AR Analyst is required to: (a) contact external customers on delinquent A/R balances; (b) monitor receivables daily; (c) resolve remittance exceptions; (d) review explanations for customer payment differences; (e) work with division sales and contract personnel and (f) verify AR reporting and provide commentary; (g) work with our Genpact collections team to assist in prioritizations, train, coach, and handle escalations.
What You’ll Work On
Perform accounts receivable functions within the defined process standards.
- Manage accounts receivable utilizing multiple systems
- Review and investigate customer receipt variances
- Communicate with internal and external parties regarding accounts receivable questions, error correction and discrepancy resolution
- Identify Root Cause for customer deductions, disputes, and variances
- Review monthly performance reports
- Provide internal and external audit support as required
- Maintain policies and procedures for the AR processes in accordance with GPM guidance
Perform and coordinate the Accounts Receivable activities for shared services
- Assist the AR Supervisor in performing, facilitating, and reviewing day to day AR activity within the center
- Assure processing is performed within standards and allows for the achievement of targeted aging metrics
- Continuously improve process design focusing on simplification, standardization, quality improvement and cost minimization
- Contribute to process improvement reviews
- Evaluate best practices with global peers and develop improvement suggestions
Assist the AR Supervisor in developing and reviewing performance results for accounts receivable processes in the region.
- Provide aid in the implementation of the global standard AR processes, to meet the needs of the shared services stakeholders.
Required Qualifications
- Bachelor's degree required
- 4+ years of accounts receivable experience, inclusive of all aspects of AR
- Knowledge and understanding of overall Order to Cash processes
- Strong ability to interact with internal and external parties at various levels
- Attention to detail with a propensity for continuous improvement
- SAP ERP experience a plus
- Strong Excel skills are preferred
* Participants who complete a short wellness assessment qualify for FREE coverage in our HIP PPO medical plan. Free coverage applies in the next calendar year.
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
$75,300.00 – $150,700.00
In specific locations, the pay range may vary from the range posted.
JOB FAMILY:General / Shared Services
DIVISION:IFO International Finance
LOCATION:United States > Abbott Park : AP52
ADDITIONAL LOCATIONS:United States > Columbus : 2900 Easton Square Place, United States > Orlando : 30 S. Keller Road
WORK SHIFT:Standard
TRAVEL:Not specified
MEDICAL SURVEILLANCE:Not Applicable
SIGNIFICANT WORK ACTIVITIES:Continuous sitting for prolonged periods (more than 2 consecutive hours in an 8 hour day), Keyboard use (greater or equal to 50% of the workday)
Abbott is an Equal Opportunity Employer of Minorities/Women/Individuals with Disabilities/Protected Veterans.
EEO is the Law link - English: http://webstorage.abbott.com/common/External/EEO_English.pdf
EEO is the Law link - Espanol: http://webstorage.abbott.com/common/External/EEO_Spanish.pdf
Top Skills
What We Do
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.
