Trade Finance Analyst

About Abbott
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, nutritional and branded generic medicines. Our 114,000 colleagues serve people in more than 160 countries.
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.
Main Responsibilities
Pricing management:
Prepare Price Notifications, maintain price lists, and set up channel pricing in the system with 100% accuracy and OTIF support (including promoted SKUs and channel prices).
Support Brand Marketing in reviewing Pricing Memos.
Assist the Statutory Team in price declaration/registration with competent state authorities.
Trade spend management:
Support Customer Marketing Team and Trade Sales in executing and controlling trade promotion mechanics effectively, ensuring compliance with approved proposals and budgets.
Review trade terms for key Modern Trade accounts, including contract verification and compliance management.
Review and perform actual trade promotion settlements, ensuring compliance and validation.
Accrual management:
Prepare monthly Gross-to-Net (GTN) accruals for Modern Trade channels.
Validate supporting documents for accrual entries to ensure accuracy and compliance with accounting policies.
Perform reconciliation between accrual estimations and actual settlements; investigate variances and provide explanations.
Continuously improve the accrual process for simplification and efficiency.
Compliance management:
Handle consumer MOIT promotion registration in compliance with Local regulations.
Review contracts with stakeholders, Tax Accountant, and Legal to ensure compliance with all relevant requirements.
Ensure compliance with tax regulations, Gross-to-Net spending in compliance with Corporate Revenue Recognition Policy and SOX requirements.
Business Process and System Control:
Operate and monitor GTN trade promotion in systems (DMS, Compiere, etc.) for data accuracy and compliance.
DMS trade promotion management:
Manage DMS promotion system to enhance compliance control and accelerate promotion claim settlements.
Coordinate with DMS project team to ensure high data accuracy, productivity, and visibility of sales performance.
Other Responsibilities:
Co-ordinate with stakeholders on paperwork for preparing and reviewing contracts, promotion notifications, pricing notifications, data extraction and reconciliation.
Support internal and external audits by providing accurate documentation and reports.
Qualifications
Education: Bachelor of Accounting and Finance.
Experience: Minimum 2 years of experience in a Trade Spend or Commercial Finance or Finance & Accounting
Skills
Ability to handle financial and accounting data in compliance with Corporate Accounting Policy, Revenue Recognition Policy and Tax accounting regulation.
Knowledge of the principles, processes and standards for integrated financial information and reporting
Knowledge of Local Government regulation related to promotion registration and Tax regulation to manage the compliance.
Financial analysis capability using MS Excel, PowerPoint and other tools.
Other key behaviors which will lead to success in this role are:
Strong attention to detail, ability to manage projects independently, and a proactive mindset.
Clear and effective communication of financial insights to commercial stakeholders.
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 on Facebook at [protected info] and on Twitter @AbbottNews and @AbbottGlobal.
For further information, and to apply, please visit our website via the "Apply" button below.