The STP Accountant is accountable to perform/review the day-to-day shared services operations for the APAC region countries including but not limited to: (a) accounts payables and the associated reconciliations and accruals; (b) vendor enablement to support the automation of the payables processes (c) support compliance driven related matters (d) exception processes, and (e) supporting the sub-ledger close processes on a period, quarter, and annual basis.
1. Participate in the Migration of processes and services to the regional shared service organization, including:
Participate the migration of activities to a regional captive shared service center, satellite center(s) or outsourced partner locations supporting the region
Plan and support the transition activities and escalation support throughout transition
Help establish and sustain the agreed performance measures, KPIs, and goal setting processes
2. Coordinate the disbursement activities for shared services
Support in reviewing day to day disbursements operation within the center.
Assure processing is performed within standards and attain service level agreement.
Assist in issues resolution with or between internal contributors or external parties to the process
3. Ensure that all transactions are prepared in accordance to the Korean Compliance governance.
Provide analysis and support to the local tax authority and auditors as required to ensure full tax and audit compliance.
Prepare Statistical & ad hoc information required.
4. Support & be the point of contact for the Korea business units and stakeholders
Provide resolution of escalated operational issues before matters being escalated to the management team
5. Perform full payables functions within the defined process standards.
Perform activities and duties in accordance with Abbott internal controls and policies.
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
Maintain policies and procedures for the AP processes in accordance with GPM guidance
Monitor and control open Purchase Orders, Two-way match Purchase Order and monitor OEC compliance
Assist in ensuring accurate and timely month end close and corporate reporting
6. Assist the AP Supervisor in developing and reviewing scorecard results for Accounts Payable in the region.
Provide assistance in the implementation of the global standard disbursements processes, to meet the needs of the shared services stakeholders.
Track and report on metrics for disbursements performance within the center and assist in developing action plans to meet targets.
7. Ensure integrity of internal controls, in partnership with the compliance team:
Support statutory compliance and preparation for internal and external audits associated with STP processes for the region.
Provide oversight and support for responses to and remediation of audit findings, across internal and external, as required.
Bachelor Degree in Business or Accounting
3 plus years of AP experience inclusive of all aspects of Accounts Payable and Travel and Entertainment in a pharma industry is preferred
Prior recent experience working in a captive SSC environment preferred. Experience in transition project participation is an advantage.
Prior experiences in AP process of regional countries outside of China, especially Korea is much preferred.
Strong ability to interact with internal and external parties at various levels
Attentive to detail with a propensity for continuous improvement
Must have hands on SAP experiences in AP module
Reasonable skill level on Excel, Word & Outlook
Minimum Language Skills: Korean language is a MUST. English and Mandarin are required.
Internal Number: ABLAUS30996088ENUSEXTERNAL
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