Assistant Trade Spend Control Manager
Abbott
**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. As Senior Talent Acquisition Manager, you will play a critical role in setting the strategy and leading a team of internal recruiters and external partnerships to effectively attract, hire, and maintain a continuous pipeline of well-qualified talent.
**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.
**Roles & Responsibilities**
**1. Trade spend management:**
+ Ensure trade spend is executed effectively and in compliance with approved promotion mechanics.
+ Monitor all revenue deduction spending by channel and key accounts customers.
+ Perform actual trade promotion settlement in term of compliance and validation.
+ Support the CMM team in executing and controlling promotional mechanics effectively and compliantly.
**2. Pricing management:**
+ Maintain price lists and set up channel price in the system with 100% accuracy and OTIF support (including promoted SKU, channel price, Hospital Tender price)
+ Support Hospital Tender/Bidding process in pricing, credit terms, and contract terms to help the Ethical team win tenders and gain hospital access.
**3. Compliance management:**
3.1 Local government regulation:
+ Handle consumer promotion registration in compliance with Local Government regulation
+ Have basic tax knowledge to ensure promotional activities comply with tax regulations; coordinate with tax accountants to balance business needs with compliance.
+ Review contracts with stakeholders, tax accountants, and legal to ensure alignment with all regulatory requirements.
3.2 Corporate Policy:
+ Handle Gross-to-Net in compliance with Corporate Revenue Recognition Policy
+ Handle internal control in compliance with SOX.
**4. Business Process and System Control management:**
4.1 DMS trade promotion management:
+ Manage DMS promotion system to drive the effectiveness in promotion mechanic compliance control, improve productivity and accelerate promotion claim settlement to customers.
+ Coordinate with DMS project team to ensure data accuracy, system productivity, and visibility into sales performance.
4.2 Accrual process management:
+ Handle accrual process in term of validation and prepare accrual for accounting record.
+ Ensure accrual principles are complied with accounting policies.
+ Continuously improve the accrual process for simplification and efficiency.
**5. Other Responsibilities:**
+ Provide financial support to Trade Sales & CMM to execute trade promotion mechanic in compliance with approved proposals and budget.
+ Perform financial analysis on trade and promotion programs to ensure optimum performance at lowest possible costs.
**MINIMUM BACKGROUND/ EXPERIENCE REQUIRED**
1. Education: Bachelor of Accounting and Finance.
2. Experience: Minimum 3 years of experience in a Trade Spend or Commercial Finance or Finance & Accounting
3. Skills:
+ Ability to manage financial and accounting data in compliance with Corporate Accounting Policy, Revenue Recognition Policy and Tax regulations.
+ Solid knowledge of the principles, processes and standards for integrated financial information and reporting
+ Understanding of Local Government regulation related to promotion registration and Tax compliance.
+ Strong financial analysis skills using MS Excel, PowerPoint, and other relevant tools.
4. 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.
An Equal Opportunity Employer
Abbot welcomes and encourages diversity in our workforce.
We provide reasonable accommodation to qualified individuals with disabilities.
To request accommodation, please call 224-667-4913 or email corpjat@abbott.com
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