A/R Analyst

$57,300 - $114,700/Yr

Abbott Laboratories - Green Oaks, IL

Full-time - Entry Level

Onsite - Green Oaks, IL

10,001+ employees

Miscellaneous Manufacturing

About the position

The A/R Analyst position at Abbott involves managing accounts receivable functions, resolving outstanding issues related to credit, collections, invoicing, cash application, dispute resolution, and customer order release. The role requires interaction with both internal and external stakeholders to ensure efficient accounts receivable processes and adherence to company standards.

Responsibilities

• Perform accounts receivable functions within 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 causes 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.
• Assist the AR Lead and 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 Lead and Supervisor in developing and reviewing performance results for accounts receivable processes in the region.
• Provide assistance in the implementation of the global standard AR processes to meet the needs of the shared services stakeholders.

Requirements

• BA/BS in Accounting or Finance
• 2-4 plus years of accounts receivable experience inclusive of all aspects of AR management
• 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.

Nice-to-haves

• SAP ERP experience
• Strong Excel skills

Benefits

• Career development opportunities
• Free medical coverage in the Health Investment Plan (HIP) PPO medical plan
• Excellent retirement savings plan with high employer contribution
• Tuition reimbursement and education benefits
• Recognition as a great place to work and for diversity
• Support for working mothers, female executives, and scientists.