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 114,000 colleagues serve people in more than 160 countries.

     

JOB DESCRIPTION:

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’ll 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

Point-of-care diagnostics is a growing and dynamic industry helping to improve clinical and economic outcomes globally. Abbott brings a variety of expert viewpoints on new innovations, insights, and impacts that are shaping the future of diagnostics around the world.

Abbott Rapid Dx North America, LLC’s Orlando site is part of Global Business Services (GBS) within the Abbott Rapid Diagnostics (ARDx) Division. GBS has a global accountability to deliver an exceptional customer experience and create business value through compliance, standardization and data analytics. The GBS group fosters a collaborative, team focused and winning environment where employees are accountable and encouraged to develop themselves.

The Credit and Collections Financial Analyst has the responsibility to monitor all aspects of the collection of outstanding debts owed to the company. This role will also communicate frequently with management on cash flow issues, various metrics, and credit risk exposures.

What You'll Do

• Perform forecasting of Accounts Receivables, Cash Collections/CEI and Days Sales Outstanding (DSO)
• Report on actual A/R performance, track key operational metrics and prepare departmental dashboards to include:
  • DSO
  • Collections Effectiveness Index (CEI)
  • Worklist management
  • Dispute management
  • Write-offs, refunds and bad debt reserve             
  • Credit limit changes
  • Management exceptions 
• Analyze past collection results, perform variance analysis, identify trends and make recommendations to leadership for improvements
• Analyze collection performance of key customer segments and work with Credit Manager to implement targeted collection strategies
• Evaluate KPI’s by comparing and analyzing actual results with plans and alert leadership of any trends which will impact the performance of key metrics against targets
• Prepare month-end/quarter-end schedules for Corporate Finance and provide commentary for flux analysis as part of the month-end and quarter-end packages
• Perform monthly/quarterly journal entries
• Work closely with the accounting team to ensure accurate financial reporting
• Prepare monthly account reconciliations
• Use data to analyze root causes/trends of customer deductions and slow payments and provide data to assist cross functional teams in reducing/eliminating and improving the deduction resolution cycle time
• Increase productivity of the Credit and Collections team by developing automated reporting
• Perform market research, data mining and stay abreast of business intelligence to identify and implement best practices for Credit and Collections team

Competencies

• Ability to Multitask
• Functional/Technical Skills
• Decision Quality
• Problem Solving
• Deali