ABBOTT LABORATORIES Jr. Accountant Salary in the United States

How much does a Jr. Accountant make at companies like ABBOTT LABORATORIES in the United States? The average salary for Jr. Accountant at companies like ABBOTT LABORATORIES in the United States is $86,621 as of June 27, 2024, but the range typically falls between $76,487 and $96,756. 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, Salary.com helps you determine your exact pay target.  View the Cost of Living in Major Cities

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What does a Jr. Accountant 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.

Job Description Summary

The main responsibilities for the Accountant in the Americas Hub is to perform accounting related work and review journal entries and reconciliations performed by the Shared Service Third Party colleagues.  The Jr. Accountant will serve as liaison between our Share Service Third Party provider, FP&A and CFS and drive process improvements.

Job Description

Support the day to day accounting operations for the region across captive and outsourced teams, ensuring effective and efficient delivery of shared service activities, to agreed service levels.

  • Review and approve Third Party Shared Service Accounting journal entries and account balance reconciliations and complete the monthly financial close process.
  • Prepare Hub journals 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 including pivot tables, vlookups, conditional formatting, 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.
  • Ensure compliance with internal controls and provide support for SOX and audits.
  • Ensure compliance with policies and procedures including CFMs.
  • Operate independently within a varied and changing scope of responsibilities under some supervision.
  • Processing expat payroll and coordinate related accounting with affiliates
  • Perform intercompany analysis and support variance clearing

Complete special projects as assigned.

Minimum Education:

Associates degree in Accounting/Finance and/or Business or equivalent experience

Minimum Experience/Training Required:

2-3 years related work experience. Prior experience in Shared Services preferred.  Strong system knowledge, problem solving skills and intercompany accounting knowledge preferred.

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$76,487 Low Average $86,621 High $96,756

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

Average Total Cash Compensation

Includes base and annual incentives

$76,487
$96,756
$86,621
The chart shows total cash compensation for the ABBOTT LABORATORIES Jr. Accountant in the United States, which includes base, and annual incentives can vary anywhere from $76,487 to $96,756 with an average total cash compensation of $86,621. 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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