Finance Manager – R&D and Regulatory Affairs

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:

Finance Manager – R&D and Regulatory Affairs

Finance Full time United States - Illinois - Lake Forest Internal (On-site)

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 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 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 Core Diagnostics has an opening for a Finance Manager at our Lake Forest, Illinois location. This individual is the financial business partner and counsel to Core Diagnostics R&D and Regulatory Affairs leadership. This position participates in strategic initiatives and provides financial information which enables timely and effective decision making. This role has full responsibility for the planning and execution of key financial processes across Core Diagnostics R&D and Regulatory Affairs, including Plan, RLBEs, Confirmations, Actuals Reporting, and Balance Sheet. This role is also heavily involved in strategic decisions on staffing and project resourcing.
 

What You Will Work On
Lead and manage the development of annual and quarterly budgets for Core Lab R&D organizations, Research, Assay Development, Medical/Clinical Affairs, Regulatory, new product development Support/Engineering/Program Management Office (PMO), and Digital Health solutions. Coordinate with PMO to understand and incorporate R&D Long Range Portfolio and Commercial prioritization when developing quarterly RLBE. Prepare RLBE Review presentations and all required Division/Corporate schedules. Strong communication and business partnership is a must.

Responsibilities include:

Forecasting & Planning:
Lead and manage the development of quarterly RLBE and Confirmation processes for Core Lab R&D and Regulatory Affairs organizations. Develop timely and accurate P&L and Balance Sheet forecasts for all spend. Understand and communicate key forecast assumptions and potential material risks and opportunities to the forecasts. Lead RLBE and Confirmation reviews with R&D Controller. Prepare schedules and commentary required for Division submission and presentations to senior leadership.

Reporting:
Develop and distribute monthly actuals reporting packages. Prepare R&D VP and Regulatory Affairs DVP Staff Meeting monthly review packages. Prepare and/or review other monthly financial results presentations for each R&D organization as needed. Review and understand actual financial results for the organization including ensuring the accuracy of financial information and related operational metrics including comparisons to appropriate benchmarks. Ensure timely submission of R&D actuals and required commentary to Division.

Develop timely and accurate Balance Sheet forecasts for Plan and RLBEs. Periodically review Balance Sheet to ensure accuracy. Review and approve all Balance Sheet reconciliations prepared by R&D FP&A. Provide oversight on Genpact/Hub prepared Balance Sheet reconciliations when needed.

Process:
Assume a significant leadership role in the identification, development and implementation of financial policies and procedures across the R&D and