Claims and Accrual Manager

JOB DESCRIPTION:

About Abbott

Abbott is a global healthcare leader creating breakthrough science to improve peoples health. Were 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 will have access to:

• Career development with an international company where you can grow the career you dream of .

• 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.

Claims and Accrual Manager

This position works out of our UAE location in the Abbott Nutrition Division

About Nutrition Division

Our nutrition business develops science-based nutrition products for people of all ages from helping babies and children grow to keeping adult bodies strong and active. Millions of people around the world count on our leading brands including Similac PediaSure Pedialyte Ensure Glucerna and ZonePerfect to help get the nutrients they need to live their healthiest life.

Under limited supervision the Treasury Manager will be responsible for distributor claims review and reconciliation monitoring and review of accounts receivables and ageing analysis review and monitoring of credit limit accruals for expiries & OMC and dealing with distributors.

What Youll do-

• Distributor claims review and settlement within specified time limits.

• Reconciliation of distributor claims/ debit notes / receivables on periodic basic.

• Maintain claims tracking spreadsheets by distributor/division.

• Ensure follow up for due and overdue invoices for the month with customer.

• Prepare and provide AR aging analysis (statement) to all the stake holders on timely basis.

• Ensure all customer profiles are updated for each customer with updated price list as per the contract / agreed terms.

• Monitor / update the credit limit by customer and highlight the risks if any to the management.

• Prepare the workings for accruals with full back up documents on monthly basis before month end for Sales reduction and other manufacturing cost.

• Participate in Internal & External Audits.

• Perform adhoc analysis as required

Skills and competencies:

Reporting Skills: Demonstrate competency in preparing financial statistical and management reports.

Technical Judgments: Analytical mindset Ability to analyze and solve problems.

Attention to Detail: Approaches work in a meticulous thorough and detailed manner.

Deadline-Oriented: Ability to meet deadlines and prioritize multiple tasks.

Time Management: Prioritizes work to meet goals and deadlines. Uses time wisely.

Open to challenges: Willing to accept challenges. Ability to work and interact with multiple groups of different ethnic backgrounds. Self motivated and takes initiative to solve problems and improve processes

Requirements:

• Bachelors Degree in Accounting or Finance is required. MBA/CPA is desirable. Minimum 3-5 years post qualification experience in accounting.

• Requires strong oral and written communication skills with ability to adjust style depending on the audience.

• Experience in a Shared Services and Regional environment is highly desirable PC Skills: Strong working knowledge of MS Excel and MS PowerPoint is required.

• Ethical person with a background that will impeccably withstand the scrutiny of a detailed background check.

• Experience in Treasury credit / collections or FPA is desirable. Some exposure to commercial finance transactions is expected.

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.

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The base pay for this position is

In specific locations the pay range may vary from the range posted.

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