Director Finance

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 115,000 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 year

• 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
 

Primary Responsibilities

• Lead the FP&A function in LBE process for P&L quarterly forecasting of revenue, gross margin, operating expenses, capital and headcount reporting, monthly functional spending reviews, and variance analyses.

• Drive business unit annual planning process to align with long term strategic financial model.

• Plan, direct and coordinate operational activities of the accounting department through supervision over general accounting, A/P, A/R, Collections, property accounting, internal auditing, cost accounting and budget controls.

• Serve as a trusted advisor and partner to the Acelis DVP, Acelis leadership team and the Division Finance Controller for all financial matters.

• Analyze the financial status of the organization and works with the division President to develop and carry out long-term financial goals.

• Direct preparation of the budget and financial forecasts, institutes and maintains other planning and control procedures (including the cost accounting system) and analyzes and reports variances.

• Performed routine and Ad Hoc analysis measuring functional performance, business cases, cost analysis, and ROI’s on company programs.

• Oversee the company’s system of accounts and records on all company transactions and assets.

• Establish economic objectives, policies and procedures regarding accounting processes for the company.

• Prepare reports outlining the company’s financial position in the areas of income, expenses, and earnings based on past, present, and future operations.

• Assist with accounting issues, review policies and procedures to ensure compliance with Abbott’s financial policies.

• Oversee and manage Treasury operations for banking deposits and disbursements to include check review and approval.

• Prepare annual and quarterly tax schedules for corporate submission.

• Partner with Engineering to develop annual R&D project plan and tracking, monthly reporting for all new product and software launches.

• Ensures compliance with corporate policies and domestic healthcare laws and regulations.

• Manage and analyze US payer contract agreements and assist the IT department with information planning and financial database development.

• Follows all regulatory policies, procedures, privacy and security standards in accordance with government agencies to include HIPAA requirements.

• Supports the RCM (Revenue Cycle Management) team with analytics, contracting and compliance with applicable laws and internal policies. 

• Responsible for monitoring / tracking and analyzing Accounts Receivable collections and procedures to ensure timely collections. 

Supervisory Responsibilities

• Maintains a culture of accountability by setting clear objectives for all employees in areas of responsibility through regular follow-up, variance tracking and results.

• Conducts accurate and timely assessment of direct reports through annual performance reviews.

• Conducts supervisory responsibilities in accordance with the organization’s policies and applicable labor laws

• Identifies and implements business processes and work flow productivity improvements.