Sr. Manager Financial Reporting and Analysis

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:

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’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 yearAn 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

We are seeking an experienced Sr. Manager Financial Planning & Analysis in Abbott’s Medical Device Division headquarters function in St. Paul, MN.  A key objective of this position is to lead the Cash Flow and Balance Sheet transformation for Abbott’s Cardiovascular and Neuromodulation (ACN) business, providing leadership and support for transition of forecasting, reporting and analytics to the ACN Business Unit finance teams, while continuing to support ongoing Balance Sheet and Cash Flow Divisional reporting for key executive packages and forecast reviews with Medical Device Division and Corporate leadership.  The person in this role is also responsible for supporting the Capital Consolidation process and managing timing of internal deliverables from the eight Medical Device Business Units to align with the Divisional Cash Flow consolidation.  This role has additional responsibility as the primary finance business partner to the DVP of Medical Devices IT, facilitating of the related budget (capital and expense) as well as the Subject Matter Expert to review, polish and submit IT-related Requests for Capital Expenditures (RCEs) for approval per Abbott’s policies and standards.

What You’ll Work On

Key activities the person in this role will be responsible and accountable for include:

• Consolidation and reporting of Balance Sheet / Cash Flow metrics for month-end requirements, Latest Best Estimate (LBE) cycles and for any ad hoc analysis requested by Corporate or Medical Device leadership. Also requires:

  • Prioritization, efficiency, and attention to detail to ensure accurate, timely consolidated financials are provided to leadership to enable informed decision making. 

  • Intimate understanding of cash flow drivers and variances to Plan and LBEs.

  • Collaboration with business colleagues to understand business dynamics, trends, and underlying variance drivers.

  • Ability to produce quality, concise and polished commentary for executive audiences.

  • Presentation of rollups and analytics to leadership and the ability to speak knowledgably to balance sheet, capital and cash flow metrics and variance.

• Lead FP&A efforts and strategy in Balance Sheet and Cash Flow transformation project to drive ownership and accountability of full financials within the ACN business units.  Key project activities include:

  • Define and implement future state actuals and forecasting processes in coordination with project team, Business Unit finance working groups, Corporate FP&A, and other stakeholders across the organization.

  • Support parallel forecasting, reporting, and training activities for phased go-lives of balance sheet account groups.

  • Participate in weekly project team and working group meetings, prepare and deliver