ABBOTT LABORATORIES Manager Shared Services Accounts Payable Salary in the United States

How much does a Manager Shared Services Accounts Payable make at companies like ABBOTT LABORATORIES in the United States? The average salary for Manager Shared Services Accounts Payable at companies like ABBOTT LABORATORIES in the United States is $85,649 as of May 28, 2024, but the range typically falls between $75,318 and $95,981. 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 Manager Shared Services Accounts Payable 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.

Primary Job Function:

Abbott North America Shared Services is seeking an Accounts Payable Manager to oversee the day-to-day operations of payables processing and helpdesk inquiry for Abbott US, Puerto Rico and Canada. This is a key management role within Shared Services, leading both local and virtual teams in the timely and accurate processing of over 700M vendor invoices.  The right candidate must be passionate about developing high performing, customer-centric teams and working with stakeholders and internal customers to quickly resolve issues.  The A/P Manager also leads several projects to continuously improve the efficiency and effectiveness of the Procure-to-Pay process and extend the Shared Services operating model.

The position is based in Lake Bluff, IL.  The ideal candidate will have at least 8+ years of progressive experience leading teams in a complex, global company.

Major Responsibilities:

  • Maintain a cohesive, customer-centric team in partnership with Abbott’s BPO to process, approve and pay vendor invoices timely and accurately
  • Strengthen internal customer relationships by consistently achieving quality and cycle-time service levels for A/P processing and helpdesk functions
  • Manage the accounts payable monthly close process (calendar, reconciliations, analysis, reporting)
  • Enhance and maintain financial controls for Accounts Payable in compliance with Abbott’s Corporate, Division and SOX requirements
  • Use Lean/Six Sigma skills and tools to identify opportunities for improvement and implement per plan
  • Work closely with stakeholders, corporate functions and vendors to continuously improve Procure-to-Pay processing (end-to-end)
  • Support strategic initiatives to meet Enterprise, Shared Service and Procure to Pay process objectives
  • Develop accounts payable talent within the finance organization; connect individual goals to business objectives and help team members excel in their role

Required Education and Experience

  • Bachelor's degree in Finance, Accounting, Economics, or other business-related field
  • 8+ years progressive business experience, preferably in health care and/or medical technology industries
  • Progressive leadership experience in operations, including extensive exposure to accounts payable in a complex, global company
  • Experience working with Business Process Outsourcer
  • Strong analytical skills and proactive approach to problem solving; ideally experienced in Lean/Six Sigma
  • Track record of leading productivity and quality initiatives and driving change throughout organizations
  • Ability to balance between the strategic “big picture” perspective and proper attention to detail with a “hands on” approach
  • Strong interpersonal skills and customer-centricity
  • Ability to recruit and develop team members

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$75,318 Low Average $85,649 High $95,981

Understand the total compensation opportunity for Manager Shared Services Accounts Payable at companies like ABBOTT LABORATORIES, base salary plus other pay elements

Average Total Cash Compensation

Includes base and annual incentives

$75,318
$95,981
$85,649
The chart shows total cash compensation for the ABBOTT LABORATORIES Manager Shared Services Accounts Payable in the United States, which includes base, and annual incentives can vary anywhere from $75,318 to $95,981 with an average total cash compensation of $85,649. 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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