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:

Senior Financial Analyst

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 in the world by Fortune.
• A company that is recognized as one of the best big companies to work for as well as the best place to work for diversity, working mothers, female executives, and scientists.

The Opportunity

We are recruiting for a Senior Financial Analyst to join our team in our Minnetonka, MN location with the Electrophysiology Medical Devices team. In Abbott’s Electrophysiology (EP) business, we’re advancing the treatment of heart disease through breakthrough medical technologies in atrial fibrillation, allowing people to restore their health and get on with their lives. In this role, you will be responsible for the consolidation and reporting of results on a monthly basis, as well as for budget cycles, and for any ad hoc analysis requested from leadership. You will have an intimate understanding of the activity and variances being produced to be able to speak knowledgably when answering questions from leadership.  You will also be responsible for preparing financial presentation content for executive meetings, participate in ad hoc projects or assignments, and will support internal and external audits by preparing and providing relevant reports and analysis.

What You'll Work On:

• Provides cost planning, analysis and reporting to management for assigned manufacturing site/s which likely includes: setting production cost standards for labor and material, maintaining and updating standard cost files, partnering with manufacturing entity managers to develop and track budgets, updating forecasts, providing variance analysis, providing product cost analysis, etc.
• Provides sophisticated reporting to management due to extensive knowledge of the finance systems and high familiarity with the business operations.
• Based on reporting and analysis, makes recommendations to finance management to save costs, scale for the future and maintain data accuracy.  This may include recommendations relating to purchase price, scrap, inventory cycle counts, work order volume, etc.
• Serves as finance subject expert for assigned manufacturing entity/ies and leads special projects as assigned by finance management.
• Executes annual goals as assigned based on manufacturing site operating plans and finance department needs.
• Provides month end reporting to finance department leadership.
• Executes reporting based on pre-established schedules for quarterly corporate reporting, external audits and internal audits.
• Support all Company initiatives as identified by management and in support of Quality Management Systems (QMS), Environmental Management Systems (EMS), and other regulatory requirements.
• Complies with U.S. Food and Drug Administration (FDA) regulations, other regulatory requirements, Company policies, operating procedures, processes, and task assignments.  Maintains positive and cooperative communications and collaboration with all levels of employees, customers, contractors, and vendors.

Required:

• Bachelor’s Degree in Finance, Accounting, Business Administration or related field
• 4+ years of experience performing month-end close activities, financial and variance analysis, forecasting, planning, and/or financ