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 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 your 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 year.
• An excellent retirement savings plan with a 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 worldwide and named one of the most admired companies by Fortune.
• A company that is recognized as one of the best big companies to work for and a best place to work for diverse, working mothers, female executives, and scientists.

The Opportunity 

We have an opportunity for the role of Senior Financial Analyst within our Diagnostics- Transfusion Medicine division based in Lake County.

This position supports Manufacturing Operations within the site finance team, and it is primarily responsible for leading the annual standard-setting process as well as the planning, reporting, and analysis of Spending, Fixed Asset and Inventory Accounting, Headcount, Manufacturing Variances, new product costing, and new product line financial start-up.

WHAT YOU DO

Annual Standard Setting Process:

• Lead the annual standard-setting process for Lake County Site manufactured parts.
• Partner with operating personnel to prepare standard-setting templates.
• Manage due dates and deliverables within finance and the greater organization.
• Coordinate cost rolls, complete cost change analysis, and submit standard costs to the division.

Financial Activities:

• Oversee activities related to spending, headcount, R&D project accounting, new material setup, and costing.
• Handle monthly close, provide commentary, and develop forecasts for revised Latest Best Estimates (rLBEs).

Cost Improvement Projects (CIP):

• Collaborate with the Finance team and Business Excellence (Bex) to evaluate and track savings opportunities across the site.

Business Support:

• Develop partnerships with site functions including Site Leadership, Supply Chain, Operations, Site Quality, and Engineering.

Process Improvements:

• Initiate and implement process improvements across departments.
• Develop recommendations, propose and implement solutions considering business needs.
• Analyze and interpret data to support team objectives.

New Product Line Financial Structure:

• Work with site functions to develop the financial structure for new product lines.
• Gain approval for the structure across site functions and implement it across financial systems.

Compliance and Controls:

• Maintain proper internal controls and ensure compliance with Abbott policies and procedures.

EDUCATION AND EXPERIENCE YOU’LL BRING

Required:

• Associate degree.
• At least 4 years of experience in the relevant field.

Preferred:

• Bachelor’s in accounting/finance; MBA, CPA, or CMA is a plus.
• 4-6 years of progressive finance/accounting experience, with cost experience preferred.
• Strong interpersonal, communication, analytical, and problem-solving skills.
• Proficiency in Excel and SAP; solid accounting foundation.
• Ability to communicate across management levels and functions.

Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives:  www.abbottbenefits.com<