Sr. Cost Accountant

Abbott • Irving, TX

8d • Onsite

About The Position

The Sr. Cost Accountant supports cost and operational accounting processes for Abbott’s Diagnostics Division at its Irving, Texas location. The role ensures accurate financial reporting and maintains a strong internal control environment across multiple operational areas. It plays a key part in month-end close, fixed asset management, inventory and costing activities, capital and expense tracking, and balance sheet integrity. The accountant partners with operations, finance, and audit teams to provide timely, accurate financial insights and ensure compliance with accounting policies and operational requirements. This is an onsite role, not a remote opportunity, and travel is listed at 5% of the time.

Requirements

• Bachelor’s degree in accounting or finance.
• Minimum 5 years in accounting, finance, or a 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, including Excel, Tableau, and ERP applications.

Nice To Haves

• CPA.

Responsibilities

• Lead fixed asset, Construction in Progress (CIP), inventory, and cost accounting processes, including asset additions, transfers, retirements, and annual physical inventory.
• Manage capital project and CIP accounting by tracking actuals and accruals and ensuring proper classification, reconciliation, and reporting of capital expenditures.
• Support month-end close, including journal entries, accruals, reclasses, cost allocations, and timely, accurate 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 for accounts including inventory, CIP, prepaids, consignment, and accrued liabilities.
• Ensure accurate standard costing, including cost rollups, price updates, and coordination of transfer pricing activities.
• Strengthen internal controls, ensure SOX compliance, and maintain audit readiness across accounting processes.
• Partner with operations, finance, and audit teams to resolve issues, improve processes, and ensure accurate financial outcomes.
• Drive process improvements, automation, and efficiency initiatives to improve data accuracy and reporting quality and reduce manual effort.

Benefits

• Free medical coverage for employees via the Health Investment Plan (HIP) PPO.
• Retirement savings plan with high employer contribution.
• Tuition reimbursement.
• Freedom 2 Save student debt program.
• FreeU education benefit, described as an affordable and convenient path to earning a bachelor’s degree.
• Career development opportunities with an international company.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior