Lead Accountant for Credit Management

3 weeks ago

Montreal, Quebec, Canada AbbVie Full time

Join AbbVie, a global leader in healthcare innovation, as we strive to discover and deliver innovative medicines that solve serious health issues.

We are committed to making a remarkable impact on people's lives across various therapeutic areas. As an integral part of our team, you will be responsible for the application of credit policies and collection procedures to minimize past due and delinquency percentages of accounts receivable.

This role requires exceptional financial expertise, strong analytical skills, and excellent communication abilities to establish relationships with customers and work closely with internal teams.

Key Responsibilities:

  • Perform month-end duties, including preparing journal entries following SOX requirements, general ledger account reconciliation, and review of supporting documentation for SOX, External, and Internal audit requirements.
  • Act as a financial liaison between Customer Service, Trade Team, Group Purchasing Organization (GPO), and other departments to assist in ad-hoc projects and analyze monthly performance.

Credit and Collection:

  • Monitor AR aging reports, follow up with Credit Analysts, and prepare month-end journal entries and reconciliation for AR, Trade allowance, Billbacks, and Rebates.
  • Prepare netting/write-off journal entries relating to bad debt, Trade allowance, chargebacks, and over-the-counter deductions.
  • Participate in bad debt accruals and cash discount accruals review, reconcile and interact with Wholesalers, and perform risk and financial statement analyses for new customers.
  • Monitor and review credit granting for new and existing clients, update processes, and recommend updates/changes as required.

Qualifications:

  • Bachelor's degree in Accounting, Finance, Business, or a related field.
  • 5-7 years of experience, preferably with credit scoring systems and proficiency in reading/interpreting financial statements for underwriting credit.
  • Experience with SAP and ability to manage relationships, both internally and externally.

Estimated Salary: $90,000 - $120,000 per year, depending on location and experience. AbbVie offers a competitive compensation package, comprehensive benefits, and opportunities for professional growth and development.

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