Abbott Hiring For Procure-to-Pay Specialist at Abbott Park, IL Full Time

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, Lake County, IL location in the IFO International Finance division.

As the Procure to Pay Specialist, you will work to ensure the efficient operation of all Abbot Procure to Pay (P2P) processes. Working closely with internal partners in Procurement/Supply Chain, Business Technology Services, and stakeholder divisions, resolves complex P2P issues, and offers opportunities to improve the P2P pipeline.

What You’ll Work On

• Identifies invoice and purchase order discrepancies, establishes root cause(s), and offers solutions.
• Assists with the resolution of discrepancies or problems which prohibit the timely processing and payment of invoices.
• Provide support and assistance to partners and stakeholders regarding outstanding P2P inquiries (e.g., purchase orders, invoices, payments, help desk).
• Review and evaluate the invoice aging report; follow up on match exceptions, coordinating resolution with divisions, suppliers, and third-party processor.
• Work closely with the business and third-party processor to review and resolve transactions on the AP trial balance.
• Work closely with the third-party processor to review the invoice aging report, resolving systemic issues related to PO set up.
• Collaborates with technical teams to ensure AP processes are monitored daily, reporting issues and discrepancies to management.
• Support customer service by assisting the help desk; resolve critical escalations and provide feedback regarding invoice issue resolution as needed.
• Provides training to partner divisions and stakeholders, ensures knowledge of the P2P process is disseminated to all interested parties.
• Assist P2P with achieving productivity targets through the CI program, coordinating recognition of team members involved with CI initiatives.

Additional Responsibilities:

• Drive data gathering and consolidation (vendor spend and purchase orders) from multiple ERPs for internal reporting purposes.
• Collaborate with divisional and BTS technical resources to ensure each ERP is functioning optimally; monitors potential issues and offers solutions with minimal impact to operations.
• Assist with internal and external audit processes; ensuring timely submission of control testing, invoice image retrieval, and payment confirmations associated with audit requests.
• Work closely with the CFS Organizational Change Management (OCM) team to ensure change impacts are documented, communicated, and cascaded across P2P towers.
• Maintain a cohesive, customer-focused team to drive change, streamline processes, and improve operations with BPO.

Education and Experience:

• Education: Bachelor’s degree in Accounting, Business Administration, or other Finance related major is preferred. A combination of education and experience is required.
• Experience Required:  5+ years of increasing responsibility in Accounts Payable, Procurement Operations, Treasury, or Finance, including exposure to procure to pay processing in a large, decentralized, global company.
• Advanced Microsoft Office skills, including Excel, Word, and PowerPoint.
• SAP Financials or other major enterprise financial system.

* 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.