Senior Financial Analyst

Posted:
12/4/2024, 7:21:39 AM

Location(s):
Illinois, United States ⋅ Des Plaines, Illinois, United States

Experience Level(s):
Senior

Field(s):
Finance & Banking

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 114,000 colleagues serve people in more than 160 countries.

     

JOB DESCRIPTION:

Sr. Financial Analyst

Des Plaines, IL

About Abbott

Abbott is a global healthcare leader, creating breakthrough science to improve people’s health. We’re always looking towards the future, anticipating changes in medical science and technology.

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.
  • Employees can qualify for free medical coverage in our Health Investment Plan (HIP) PPO medical plan in the next calendar year. 
  • 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

Abbott Molecular has an opening for a Senior Financial Analyst, Operations FP&A.  This position primarily supports the Abbott Molecular Global Operations & Supply Chain Organization and is ideal for someone seeking to broaden their experience in financial planning, reporting, and manufacturing cost accounting.  We are looking for a highly motivated individual who continuously drives for improvement, challenges the status quo, and will be a valued business partner to move the organization forward through execution of timely, accurate, and high-quality financial planning and analysis. 

CORE JOB RESPONSIBILITIES:

Main responsibilities include:

  • Sr Financial Analyst (FP&A) is a key finance stakeholder who works primarily with Operations and Supply Chain business partners leading all aspects of the financial planning, forecasting and financial execution processes for the division manufacturing operations.
  • Standard Costing including SAP costing activities. financial planning, reporting and analysis for annual PLAN, LBE and actuals cycles, or ad hoc projects as needed. 
  • Support strategic project financial analysis including margin improvement, capacity programs and related DCF/ROI calculations in support of investment decisions.
  • Working with all areas of the business and others in the finance team to review results and explain variances. Meet with business partners to prepare well supported quarterly LBEs for P&L and Balance sheet items.
  • Process Improvements - Identify areas that can be improved and constructively propose new solutions that drive efficiencies. Develop and utilize sound financial processes to drive improved business performance.
  • Corporate/Division financial policies and procedures and understanding of GAAP. Responsible for adherence to Abbott accounting policies and procedures (CFMs).
  • Relationships - Build and maintain working relationships with internal and external business.
  • Provide financial support and fully support achievement of financial plans, goals, and objectives. 

MINIMUM QUALIFICATIONS REQUIRED:

  • Strong analytical and communication skills
  • Strategic and innovative thinker that will challenge status quo and become a cross-functional business partner.
  • Bachelor’s degree in Finance/Accounting
  • Ability to work independently.
  • Excellent oral and written communication skills
  • Advanced Skills in MS Excel preferred.
  • Proficiency with TM1/SAP/HFM, preferably proficiency with SAP Standard costing processes

PREFERRED QUALIFICATIONS:

  • Advanced excel skills.
  • SAP experience
  • MBA or CPA desired
  • Standard Cost setting experience

MINIMUM EDUCATION:

Bachelor's degree with concentration in Accounting or Finance.

Apply Now 

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

     

The base pay for this position is

$72,700.00 – $145,300.00

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

     

JOB FAMILY:

Financial Planning and Analysis

     

DIVISION:

AMD Molecular

        

LOCATION:

United States > Des Plaines : DP01

     

ADDITIONAL LOCATIONS:

     

WORK SHIFT:

Standard

     

TRAVEL:

Not specified

     

MEDICAL SURVEILLANCE:

Not Applicable

     

SIGNIFICANT WORK ACTIVITIES:

Continuous sitting for prolonged periods (more than 2 consecutive hours in an 8 hour day), Continuous standing for prolonged periods (more than 2 consecutive hours in an 8 hour day), Continuous walking for prolonged periods (more than 2 hours at a time in an 8 hour day)

     

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

Abbott

Website: https://abbott.com/

Headquarter Location: Illinois City, Illinois, United States

Employee Count: 1001-5000

Year Founded: 1944

IPO Status: Public

Last Funding Type: Post-IPO Debt

Industries: Biotechnology ⋅ Emergency Medicine ⋅ Genetics ⋅ Health Care ⋅ Health Diagnostics ⋅ Manufacturing ⋅ Medical ⋅ Medical Device ⋅ Nutrition ⋅ Pharmaceutical