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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, nutritionals and branded generic medicines. Our 109,000 colleagues serve people in more than 160 countries.
Primary Objective:
The Claims & Accrual 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.
Core Job Responsibilities:
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.
To be the single point of contact for Internal and External reporting
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, with relevant experience in the region (Saudi and Kuwait)
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.
