ABBOTT LABORATORIES Associate Accountant I Salary in the United States

How much does a Associate Accountant I make at companies like ABBOTT LABORATORIES in the United States? The average salary for Associate Accountant I at companies like ABBOTT LABORATORIES in the United States is $85,385 as of February 26, 2024, but the range typically falls between $75,517 and $95,254. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, helps you determine your exact pay target.  View the Cost of Living in Major Cities2


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What does a Associate Accountant I do at companies like ABBOTT LABORATORIES?

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 103,000 colleagues serve people in more than 160 countries.

Position Summary:

We are recruiting for a Associate Accountant I to join our team in the St. Paul, MN location.  In this role, you will be supporting the day to day accounting operations in a shared service hub environment, ensuring effective and efficient delivery of shared service activities, and in accordance with agreed service levels.

Primary Responsibilities:

  • Prepare Hub journal entries, account balance reconciliations, and intercompany billing in accordance with Accounting rules and regulations.
  • Successfully navigate SAP to view documents and account balances, run reports, analyze purchase orders, invoices, and utilize SAP data for analytics.
  • Efficiently complete Microsoft Excel spreadsheets and analysis of data.
  • Identify and implement opportunities for continued improvement and simplification of financial and business processes.
  • Liaise with FP&A, CFS, and other Americas Hub team members to execute the financial close, provide guidance, and work together to improve processes.
  • Perform intercompany analysis and support variance clearing.
  • Ensure compliance with internal controls and provide support for SOX and audits.
  • Operate independently within a varied and changing scope of responsibilities under some supervision.
  • Conducts special project analysis and backup support involving financial data.
  • Maintain Standard Operating Procedures for assigned activities.
  • Support all Company initiatives as identified by management and in support of Quality Management Systems (QMS), Environmental Management Systems (EMS), and other regulatory requirements.
  • Complies with U.S. Food and Drug Administration (FDA) regulations, other regulatory requirements.

Required Qualifications:

  • High School diploma or equivalent
  • 1+ years general accounting  experience in any of the following: journal entry preparation and posting, balance sheet account reconciliation, month-end close, accounts payable, accounts receivable or payroll
  • Intermediate level of proficiency utilizing Excel

Preferred Qualifications:

  • Associates and/or Bachelor’s Degree in Accounting, Finance, Business or related discipline
  • Medical device experience
  • Prior experience in Shared Services or cross-division business unit model
$75,517 Low Average $85,385 High $95,254

Understand the total compensation opportunity for Associate Accountant I at companies like ABBOTT LABORATORIES, base salary plus other pay elements

Average Total Cash Compensation

Includes base and annual incentives

The chart shows total cash compensation for the ABBOTT LABORATORIES Associate Accountant I in the United States, which includes base, and annual incentives can vary anywhere from $75,517 to $95,254 with an average total cash compensation of $85,385. Total compensation includes the value of any benefits received in addition to your salary and some of the benefits that are most commonly provided within a total compensation package including bonuses, commissions, paid time off, and Insurance. The total cash compensation may get paid differently by industry, location, and other factors.
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