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 115,000 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.
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 .
• Free medical coverage for employees* via the Health Investment Plan (HIP) PPO
• 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
This position works out of our Abbott Park, IL as part of our Shared Services/Corporate Financial Services (CFS) leadership team.
As the Director CFS US - Source to Pay/T&E, you will lead and grow the regional shared service operations, through integrations (inclusive of new acquisitions), automation and continuous improvement. Direct the day to day shared service Source to Pay (STP) operations for the region across captive and outsourced teams, ensuring accurate and timely month end close and corporate reporting outcomes with effective and efficient performance measurement and compliance support. Work with Procurement and other business stakeholders to drive vendor terms compliance of the payables portfolio to improve cash flow, POT and working capital.
The Director will lead and continue to build the shared service captive and outsourced shared services STP organization for the region. Responsibilities include managing the scope, resources, cost, schedule, quality and risk the operation and projects ensuring effective and efficient service delivery with accurate and timely performance measurement and compliance support. Provide project leadership and key stakeholders with strategy, business case, alternative support approaches, project and communication plans to aggressively move forward in migrating transactional related financial and procurement activities to the team to support Abbott’s worldwide shared services and COE support solution. Coordinate project financial matters with geographic and HQ / functional / divisional stakeholder leadership.
Major Responsibilities:
Direct the day to day shared service STP operations, including Purchasing, Accounts Payable, T&E and Data and Analytics for the region across captive (35 FTE) and outsourced teams (50 FTE), ensuring effective and efficient delivery services, accurate and timely corporate/business requirements and focus on Days Payable results.
Ensure DPO cash flow processes are in place across all operational teams to sustain and improve DPO performance.
Guides project team, functions, and other stakeholders in developing and managing the overall approach for procurement shared services implementation ensuring all other related projects are in alignment with emphasis on a highly effective and efficient standardized platform utilizing global best practices.
Serve as the senior escalation point to resolve STP service delivery issues for the region and direct resolution of issues across captive and outsourced teams as well as with functional partners and external suppliers.
Partner with Global Process Owner and EMEA and APAC regional STP shared services leadership to drive a standard STP operating model across regional captive and outsourced teams through automation and continuous improvement and set global standards.
Create the STP strategic roadmap with Global Process Owner and EMEA and APAC regional STP shared services leadership to grow STP service offerings and support of the Procurement / divisions throughout the end to end process.
Identify findings and develop recommendations needed to make significant operational decisions which affect efficiency and effectiveness of transactional environment.
Responsible for compliance with applicable Corporate and Divisional policies and procedures, including internal and external audit management
Lead Shared Services Customer Council meetings to build relationships with divisional and functional stakeholders, address issues and align on future initiatives.
Coach and develop direct reports and 3rd party service provider leads to address more complex/issues exceptions/continuous improvement initiatives/leadership skills.
Manage the delivery of service by outsource partners in line with the agreed Service Level Agreements (SLA).
Prepares executive and steering committee communications, as required.
May perform other duties as assigned.
Manage the Symphony Global COE Governance on behalf of all SSO hubs.
Job Qualifications
Minimum Education
BS Degree in Accounting or Finance, preferred
Statistics or economics or local country equivalent, considered
Preferred Education
MBAMinimum Experience
10-15 years Finance and Accounting industry experience in a complex global organization
8+ years shared services experience, 2-3 of those years across multiple lines of business (e.g. Divisions) and geographies
3-5 years public accounting or equivalent experience,
Extensive process excellence experience required
3-5 years project management and program implementation skills required
SAP or other ERP experience required
Preferred Experience
Experience managing 3rd party service providers/ outsourcers
Other non-SAP ERP experience a plus
Language Skills: English required, other languages desirable
Required Certifications: CPA or Chartered Accountant or equivalent experience.
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 $143,300.00 – $286,700.00. In specific locations, the pay range may vary from the range posted.
An Equal Opportunity Employer
Abbot welcomes and encourages diversity in our workforce.
We provide reasonable accommodation to qualified individuals with disabilities.
To request accommodation, please call 224-667-4913 or email [email protected]