Sr. Cost Accountant

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 122,000 colleagues serve people in more than 160 countries.

     

JOB DESCRIPTION:

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’ll also have access to:

• Career development with an international company where you can grow the career you dream of.
• Free medical coverage for employees* via the Health Investment Plan (HIP) PPO
• An excellent retirement savings plan with high employer contribution
• Tuition reimbursement, the Freedom 2 Save student debt program and FreeU education benefit - an affordable and convenient path to getting a bachelor’s degree.
• 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.

The Opportunity

This position works out of our Irving, TX location in the Diagnostics Division.

Our diagnostic solutions are used in hospitals, laboratories and clinics around the globe. The crucial information derived from our tests, instruments and informatics systems are often the first step in patient care decision making for hundreds of health conditions from heart attacks to blood disorders to infectious diseases and cancers.

What You’ll Work On

The role is responsible for supporting key aspects of our cost and operational accounting processes, ensuring accurate financial reporting, and sustaining a strong internal control environment across multiple operational areas.

The position plays a critical role in month‑end close, fixed asset management, inventory and costing activities, capital and expense tracking, and ongoing balance sheet integrity. You will partner closely with cross‑functional teams to deliver timely, accurate financial insights while ensuring compliance with accounting policies and operational requirements.

• Lead fixed assets, Construction in Progress (CIP), inventory, and cost accounting processes, including asset lifecycle management (additions, transfers, retirements) and annual physical inventory
• Manage capital project and CIP accounting by tracking actuals, accruals, and ensuring proper classification, reconciliation, and reporting of capital expenditures
• Support month-end close activities, including journal entries, accruals, reclasses, cost allocations, and preparation of accurate and timely financial reporting
• Maintain data integrity within Oracle ERP and ensure accurate system interactions across accounting and operational processes
• Oversee inventory accounting and controls, including material movements, cycle counts, ABC stratification, consignment inventory, and audit procedures
• Prepare and review balance sheet reconciliations across key accounts such as inventory, CIP, prepaids, consignment, and accrued liabilities
• Ensure accuracy of standard costing, including cost rollups, price updates, and coordination of transfer pricing activities
• Strengthen internal controls, ensure SOX compliance, and maintain audit readiness across all accounting processes
• Partner cross-functionally with operations, finance, and audit teams to drive issue resolution, improve processes, and ensure accurate financial outcomes
• Drive process improvements, automation, and efficiency initiatives to enhance data accuracy, reporting quality, and reduce manual effort

Education and Experience You’ll Bring

Required Qualifications

• Bachelor’s degree in accounting or finance, CPA is a plus
• Minimum 5 years in accounting, finance, or related field
• Good analytical and problem-solving abilities
• Deep knowledge of costing, inventory, and reconciliation processes
• Strong understanding of GAAP, SOX compliance, and internal controls
• Advanced data analytics and systems proficiency (Excel, Tableau, ERP applications)

Misc: This is an onsite role at Abbott location in TX. This is NOT a remote role/opportunity.

Apply Now

* Participants who complete a short wellness assessment qualify for FREE coverage in our HIP PPO medical plan. Free coverage applies in the next calendar year.

Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives:  www.abbottbenefits.com

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.

Connect with us at www.abbott.com, on Facebook at www.facebook.com/Abbott and on Twitter @AbbottNews and @AbbottGlobal.

 

     

The base pay for this position is

$78,000.00 – $156,000.00

In specific locations, the pay range may vary from the range posted.

     

JOB FAMILY:

Accounting & Reporting

     

DIVISION:

CRLB Core Lab

        

LOCATION:

United States > Irving : LC-8

     

ADDITIONAL LOCATIONS:

     

WORK SHIFT:

Standard

     

TRAVEL:

Yes, 5 % of the Time

     

MEDICAL SURVEILLANCE:

Not Applicable

     

SIGNIFICANT WORK ACTIVITIES:

Continuous sitting for prolonged periods (more than 2 consecutive hours in an 8 hour day), Keyboard use (greater or equal to 50% of the workday)

     

Abbott is an Equal Opportunity Employer of Minorities/Women/Individuals with Disabilities/Protected Veterans.

     

EEO is the Law link - English: http://webstorage.abbott.com/common/External/EEO_English.pdf

     

EEO is the Law link - Espanol: http://webstorage.abbott.com/common/External/EEO_Spanish.pdf