Senior Financial Analyst

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:

The Senior Financial Analyst provides comprehensive financial support for the Liberty manufacturing site, with a strong focus on financial performance monitoring, standard costing, forecasting, month‑end close, and analytical tool development. This role collaborates closely with Operations and site leadership to ensure accuracy of financial data, improve cost visibility, and support data‑driven decision‑making across the manufacturing environment. The position serves as the site’s subject matter expert for costing and financial reporting.

MAIN RESPONSIBILITIES

Financial Performance Monitoring & Reporting

• Monitor site financial and operational results by comparing Actuals vs. Plan and LBE across cost centers and GL accounts

• Analyze spending trends, identify material variances, and recommend actions to improve performance

• Prepare and distribute financial reports and site reporting packages by gathering, validating, and analyzing financial data

• Consolidate Actuals and LBE submissions across site functions for review with Division HQ and Site Leadership

• Create dashboards, reporting tools, and KPIs to improve visibility

• Act as the site SME for financial reporting processes and data accuracy

Forecasting, Budgeting & Planning

• Develop detailed financial forecasts using historical data, trends, and current business drivers.

• Support development of the Annual Operating Plan (AOP) and the Latest Best Estimate (LBE

• Monitor departmental spending versus budget and highlight variances using system‑generated reports

• Build and maintain forecasting models, tracking tools, and financial templates to support planning processes

Accounting & Month-End Close Support

• Prepare journal entries and assist with the month‑end close to ensure timely and accurate site financial reporting

• Monitor, track, and reconcile key balance sheet accounts

• Support standard financial controls and ensure accuracy of reported results

Standard Costing & Cost Accounting

• Support the annual standard cost update process, including BOMs, routings, labor rates, overhead rates, and cost build reviews

• Ensure manufacturing product costs are accurate, updated, and aligned with operational changes

• Analyze and explain manufacturing variances (material usage, labor, overhead, PPV, scrap, absorption, etc.) to Operations leadership

• Partner with Operations and Supply Chain to identify and support cost‑reduction initiatives

• Ensure strong controls around cost rolls, inventory valuation, and manufacturing accounting

Financial Analysis & Business Support

• Perform financial analyses to support site leadership and deliver insights that drive operational and strategic decisions.

• Act as a Finance Business Partner by collaborating closely with Operations and other functional leaders to provide financial guidance, interpret results, and support data‑driven operational decisions.

• Support evaluation of spending initiatives and operational changes through financial modeling.

Systems, Data Integrity & Reporting Tools

• Manage site financial data processes, including uploading, retrieving, reconciling, and validating data to ensure accuracy across reporting systems

• Use SAP to load and maintain standard cost data, run financial and operational reports, and extract information needed for variance analysis and cost reviews

• Develop automated tools, models, dashboards, and reporting solutions to enhance data reliability and efficiency.

• Improve financial reporting processes and ensure high-quality data governance across systems

Collaboration & Working Style

• Establish and maintain strong cross‑functional relationships with Operations, Supply Chain, Quality, Engineering, and leadership teams

• Collaborate effectively across the site to gather data and communicate financial insights

EDUCATION AND EXPERIENCE YOU'LL BRING

Required Qualifications

• Bachelor’s degree in finance, Accounting,