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Claims and Accrual Manager, Akl

3 months ago

Dubai, Dubai, United Arab Emirates Abbott Laboratories Full time

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, nutritionals and branded generic medicines.

Our 109,000 colleagues serve people in more than 160 countries.

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.

About Nutrition Division


Our nutrition business develops science-based nutrition products for people of all ages, from helping babies and children grow, to keeping adult bodies strong and active.

Millions of people around the world count on our leading brands - including Similac, PediaSure, Pedialyte, Ensure, Glucerna and ZonePerfect - to help get the nutrients they need to live their healthiest life.


CLAIMS AND ACCRUAL MANAGER, AKL


Under limited supervision, the Claims and Accrual Manager will be responsible for distributor claims review and reconciliation, monitoring and review of accounts receivables and ageing analysis, review and monitoring of credit limit, accruals for expiries & OMC and dealing with distributors.


What You'll Do:

  • Distributor claims review and settlement within specified time limits.
  • Reconciliation of distributor claims/ debit notes / receivables on periodic basic.
  • Maintain claims tracking spreadsheets by distributor/division. Ensure follow up for due and overdue invoices for the month with customer.
  • Prepare and provide AR aging analysis (statement) to all the stake holders on timely basis.
  • Ensure all customer profiles are updated for each customer with updated price list as per the contract / agreed terms. Monitor / update the credit limit by customer and highlight the risks if any to the management.
  • Prepare the workings for accruals with full back up documents on monthly basis before month end for Sales reduction and other manufacturing cost.
  • Bank documents and credit limit setting Participate in Internal & External Audits. Perform adhoc analysis as required.

Skills and competencies:

Reporting Skills:
Demonstrate competency in preparing financial, statistical and management reports

Technical Judgments:

Analytical mindset, Ability to analyze and solve problems

Attention to Detail:

Approaches work in a meticulous, thorough, and detailed manner

Deadline-Oriented:

Ability to meet deadlines and prioritize multiple tasks

Time Management:

Prioritizes work to meet goals and deadlines. Uses time wisely.

Open to challenges:

Willing to accept challenges. Ability to work and interact with multiple groups of different ethnic backgrounds. Self motivated and takes initiative to solve problems and improve processes

Required Qualifications:

  • Bachelors Degree in Accounting or Finance is required. MBA/CPA is desirable.
  • Minimum 35 years post qualification experience in accounting. Requires strong oral and written communication skills with ability to adjust style depending on the audience.
  • Experience in a Shared Services and Regional environment is highly desirable PC Skills:
  • Strong working knowledge of MS Excel and MS PowerPoint is required.
  • Ethical person with a background that will impeccably withstand the scrutiny of a detailed background check.
  • Experience in Treasury, credit / collections or FPA is desirable. Some exposure to commercial finance transactions is expected.


Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life.

Abbott is an Equal Opportunity Employer, committed to employee diversity.