Finance Controller, US Commercial Operations

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 115,000 colleagues serve people in more than 160 countries.

     

JOB DESCRIPTION:

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.

• 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 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:
 

Structural Heart Mission

At Structural Heart, our mission is to restore health and improve quality of life through the design and provision of device and management solutions for the treatment of structural heart disease. We will lead the markets we serve by requiring the solutions we offer provide an improved benefit-to-risk profile as compared to existing standards of care.
 

Based in our New Brighton, Minnesota offices the Finance Controller, US Commercial Operations is a critical finance leadership role supporting our US Commercial Structural Heart business. The Finance Controller manages all aspects of financial planning and accounting, sales operations, compensation design, and customer service activities. Financial planning activities include long-range plans, the annual plan, quarterly LBE forecasts, product launches, capital budgeting, and headcount planning. Financial analysis includes insource vs outsource, ROI decisions, and other strategic analyses. Accounting activities include the monthly accounting close, performance reporting, variance analysis, consignment inventory verification, inventory reserve analysis, capital project tracking and fixed asset capitalization. The Finance Controller coordinates and partners with Structural Heart US Commercial Leadership team, as well as with the Structural Heart Controller and division finance.

WHAT YOU'LL WORK ON:
 

• Develop appropriate financial strategies and implement strategic initiatives aligned to SH Division priorities.

• Lead the quarterly financial forecasting process and long-term planning process to ensure the latest financial projections include robust assumptions supported by data and insights, taking into account all applicable risks and opportunities. 

• Provide support to SH Division through effective financial analysis, evaluation of financial performance, financial justification for business decisions, gross-to-net & SG&A analysis, gross margin improvement initiatives, OEM modeling, process simplification, risk evaluation, development of data-driven insight capabilities, and return on investment modeling.

• Summarize and communicate complex financial situations in a clear and concise manner. 

• Build a strong internal control environment, including effective monitoring of inventory balances and related activities. 

• Manage a cross-functional team of finance, analytics, and customer service talent; develop robust succession planning and ensure development plans are in place for key finance roles and talents.

• Monitor the region’s monthly financial performance and cash flow against latest financial commitment.  Ensure senior management is advised timely on financial exposure and issues.

• Advise senior management on opportunities for profit maximization, resource