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

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 will have access to:

• Career development with an international company where you can grow the career you dream of.
• Health Insurance (starting on Day 1 of employment), Savings Plan (401K) with company match, Life insurance for you and your spouse/children, Short Term Disability, Long Term Disability, Education Assistance, Employee Assistance Program, Vacation, Sick, Personal Days.
• 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 Barceloneta location in the Vascular division. Abbott Vascular provides innovative, minimally invasive, and cost-effective products for treatment of vascular disease.

As the Sr Financial Analyst, you will provide the Plant full accountability of raw materials, commodities and work in process inventory transactions, reconciliation o books inventory values with perpetual inventory records, accurate reporting of efficiency operation variance, and cost reductions.

What You’ll Do

• Assist local management in the financial analysis, cost projections, and explanation of efficiency and spending variances from predetermined manufacturing standards or departmental budgets.
• Responsible for the work in process inventory transactions, data integrity, including and not limited to stage yield reporting, and actual direct labor and equipment running hours.
• Maintain work in process inventory suspense account balance and corresponding itemized reconciliation.
• Responsible for the preparation, publication, and distribution of monthly Plant wide inventories reconciliation with perpetual inventory records.
• Maintain a parameter Excel file on the basis of incremental cost broken down by major cost elements covering all the list number currently being manufactured, to be used in quick/accurate throughput projections.
• Responsible for the codification of S.R.V.s to product structures covering cost reductions or methods revision.
• Responsible for the maintenance, development, calculation, and establishment of manufacturing standards cost by production center and by list number.
• Direct Manufacturing/Cost accounting complying with corporate policies, GAAP and SEC.
• Ensure monthly/yearly results are prepared timely and accurately.
• Maintain a manufacturing cost system to provide accurate and timely quantitative data relative to progress against budgets and standards, and to enable appropriate inventory valuation in accordance with established policies and guidelines.
• Supervision and assistance to the general accounting group in the compilation and integrity of financial data including gathering, approvals, processing and auditing of accounting transactions.
• Assist the accounting staff in the development of annual operating plans and periodic updates.
• Participate and assists in the preparation of monthly Flash, D.1.1, D.56 reporting and financial statements packages.
• Develop and prepare yearly Financial Plan, Update, Long Range Plans and Monthly LBEs.
• Direction in coordination with the Plant Controller, all the functions an activities associated with the managerial cost accounting section, such as budget preparation, standard cost generation, manufacturing product costing, manufacturing variance (Yield, material and overhead, etc.) analysis, inventory reconciliations, forecasting and projections, etc. for PR area.
• In coordination with the Plant Controller, participate in a thorough training program over subordinates aiming to maintain a stable and competent accounting staff.

Required Qualifications

• Bachelor’s Degree (Finance or Accounting)
• Minimum 5 years of experience

Preferred Qualifications

• CPA
• Experience in regulated industries

Apply Now

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

$66,000.00 – $132,000.00

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

     

JOB FAMILY:

Financial Planning and Analysis

     

DIVISION:

AVD Vascular

        

LOCATION:

Puerto Rico > Barceloneta : PR-17

     

ADDITIONAL LOCATIONS:

     

WORK SHIFT:

Mfo40 (United States Of America - Puerto Rico)

     

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)

     

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