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:

Gross Margin Improvement Program Engineer

Working at Abbott

At Abbott, you can do work that matters, grow, and learn, care for yourself and your 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 a 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 worldwide 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 the best place to work for diversity, working mothers, female executives, and scientists.

The Opportunity

This position works out of our Plymouth, MN location in the Electrophysiology Medical Device Group. In Abbott’s Electrophysiology (EP) business, we’re advancing the treatment of heart disease through breakthrough medical technologies in atrial fibrillation, allowing people to restore their health and get on with their lives.

The Gross Margin Improvement Engineer will drive the Margin Improvement program for Electrophysiology, focused on Commercial as well as Operations opportunities. With a developed technical and financial acumen, the incumbent will identify and implement high impact/large scale initiatives to deliver sustainable improvement to gross margin.  S/he will collaborate across cross-functional division leadership to gain broad alignment for the long-term strategy, as well as short-term execution of critical projects and programs.  This position will report to the Director of Operational Excellence and Margin Transformation.    

What You’ll Work On

• Develops roadmap to achieve EP gross margin improvements in Operations and Commercial functions,  and gains alignment with the EP leadership team and other key stakeholders. Defines roadmap milestones and tracks and reports progress against those milestones.

• Establishes proactive, transparent, and effective communications cadence to ensure timely dissemination of information with the senior leadership team and other stakeholders.

• Performs benchmarking and cost structure analysis to identify significant opportunities for improvement across functions.

• Partners with the leadership team to define and assign goals, develop project funnels, support execution, and manage/mitigate risks.

• Builds cross-functional network of GMI champions across all areas of the EP division to ideate, evaluate, and implement specific projects and actions to achieve GMI goals.

• Ensures high impact programs are defined, resourced, and implemented in order to achieve financial objectives, as defined in the long-term strategy. Ensures effective change management plans are defined to identify and mitigate risk and ensure sustainability of the changes.

• Develops and deploys sustaining tools and processes to support the evaluation and identification of opportunities across direct and indirect spend areas.

Required Qualifications

• Minimum 8 years’ experience managing large programs and cross-functional teams across multiple international locations.

• Bachelor’s degree in an engineering, business, or finance field is required.

• Familiarity and experience working across functions (e.g., Operations/Supply Chain, Commercial, Marketing, Regulatory, Quality, R&D, Finance, Commercial, HR, et. al.); natural tendency to think about key questions/issues from an integrated, cross-functional perspective.

• Experience in and understanding of the Commercial EP market, along with the financial acumen to uncover opportunities that can drive margin improvement in the business.

• Track record of synthesizing diverse perspectives into cohesive, aligned recommendations; ability to develop an inclusive culture comfortable with challenging current paradigms to achieve and exceed goals.

• Demonstrated skill at influencing outcomes by catalyzing and shaping dialogue across the organization. Assertiveness and resiliency to appropriately engage and challenge peers and business leaders on key strategies to make decisions in the best interests of Abbott.

• Exceptional project management skills, with proven ability to clearly define objectives and priorities, establish milestones, anticipate and mitigate risks, lead cross-functional teams to meet and exceed goals in a dynamic environment, while maintaining strong attention to detail and quick recall.

• Demonstrated ability to leverage qualitative and quantitative data through analysis, identify insights, and translate to actions.

• Experienced managing ambiguity and proactively sensing risks; demonstrated ability to uncover hidden (or less obvious) risks, take ownership of problems, exercise sound judgment and independently determine appropriate course of action where precedent may not exist.

• An approachable and credible communication style, with exceptional verbal and written communication skills, to keep all levels of the organization informed, engaged, and motivated.

• Excellent collaboration skills – able to navigate complex matrix within the Division and the broader Abbott organization to ensure alignment of priorities and partnership throughout program execution

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 X @AbbottNews.

     

The base pay for this position is

$125,300.00 – $250,700.00

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

     

JOB FAMILY:

Engineering

     

DIVISION:

EP Electrophysiology

        

LOCATION:

United States > Minnesota > Plymouth : 5050 Nathan Lane N

     

ADDITIONAL LOCATIONS:

     

WORK SHIFT:

Standard

     

TRAVEL:

Yes, 5 % of the Time

     

MEDICAL SURVEILLANCE:

No

     

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