Finance Supervisor, R&D Portfolio & Strategy

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

This position works out in our facilities of Lake Forest IL in the Diagnostics Division. 

We’re empowering smarter medical and economic decision making to help transform the way people manage their health at all stages of life. Every day, more than 10 million tests are run on Abbott’s diagnostics instruments, providing lab results for millions of people.

What You’ll Work On

The Finance Supervisor, R&D Portfolio & Strategy has responsibility to support the development, maintenance, and execution of the processes necessary to identify, evaluate, and prioritize the ADD R&D Portfolio across the different R&D areas (Assays, Instruments, Informatics, etc.)

• Responsible for the development of plan, quarterly RLBE, and balance sheet Royalty forecasts. Understand and communicate key assumptions and potential material risks and opportunities to the forecasts. Actively participate in RLBE and Confirmation reviews. Prepare schedules and commentary required for Division submission. Perform month-end and quarter-end close activities for Royalty related tasks.
• Prepare business case financial models and recommendations to support R&D pipeline opportunity assessment and prioritization.
• Collaborate with ADD R&D PMO (Program Management Office) to develop and maintain current and future R&D project portfolio including prioritization, development costs and resource modeling.
• Develop forward looking analytics to support effective business investment and decision making.

Position Accountability Scope & Core Job Responsibilities

Develop and Maintain R&D Portfolio

• Collaborate with the Marketing team to understand the background of the new business case and gather key assumption inputs.
• Work with R&D PMO to develop and maintain R&D resourcing models to optimize resource planning and utilization across R&D to meet current program needs and assess future portfolio demand.
• Provide input to evaluate and prioritize R&D development opportunities across assays, instruments, and informatics.
• Support the development of financial / R&D productivity metrics to assess R&D project viability. Evaluate projects in the R&D pipeline and provide recommendations to Senior Management with portfolio Prioritization decisions.

Support IP / Licensing:

• Review contracts to ensure financial terms are accurately reflected in Royalty calculation files and participate in the due diligence process as required.
• Calculate Royalty expenses on a quarterly, semi-annual, and annual basis. Forecast Royalty expenses for RLBEs and manage related balance sheets. Working with Licensing and Accounting partners to make Royalty payments.
• Present LBE Royalty Overview to Senior Leadership.

Required Qualifications

• Bachelor’s degree in finance or accountin