Senior Financial Analyst
AbbottAbout the role
JOB DESCRIPTION:
Job Title
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
This position works out of our Princeton, NJ location in the Abbott Point of Care (APOC), Diagnostics Division.
Abbott Point of Care is a global leader in providing critical medical diagnostic and data management products for rapid blood analysis that are intuitive, reliable, and cost-effective. Our i-STAT System is an advanced, portable diagnostic tool that provides real-time, lab-quality results within minutes to accelerate patient-care decision-making. The i-STAT System has the industry’s most comprehensive menu of tests in a single, with-patient platform, including tests for blood gases, electrolytes, chemistries, coagulation, hematology, glucose, and cardiac markers. By delivering lab-quality results in minutes, our i-STAT System fosters a collaborative, patient-centered environment while driving improved operational performance.
The Senior Financial Analyst is responsible for financial planning, reporting and analysis for the Princeton Site and business unit strategic finance, with a strong focus on financial performance monitoring, standard costing, forecasting, and month‑end close. This role collaborates with Operations, Site Leadership and the broader Finance including Area and Division HQ FP&A.
What You’ll Work On
Provide cost planning, analysis, and reporting to senior leadership for the Princeton manufacturing site and Division HQ.
Conduct cost accounting and analysis including purchase price variance, overhead spending analysis, freight and distribution expense, inventory management, and capital spending.
Work closely with Planning, Purchasing, Manufacturing, Engineering, Quality, Division HQ FP&A, and Commercial FP&A departments to provide detailed financial metrics and information.
Utilize systems including TM1 and other ERP (system with detailed transactions) to analyze actuals and variances.
Prepare accounting journal entries, balance sheet reconciliations, and monthly reporting packages to Finance and Business leadership.
Support the annual standard cost update process, including BOMs, routings, labor rates, overhead rates, and cost build reviews.
Identify improvement areas and actively work with Finance and IT to gain efficiency.
Division HQ FP&A Strategic Finance responsibilities: Daily sales, portfolio profitability Analysis, strategic headquarters budgets, and month-end management reporting.
Work with Corporate Finance Shared Service and Division Finance Teams to support ad-hoc requests.
Required Qualifications
Bachelor’s degree in finance, Accounting, Business, or related field
Minimum 4 years of experience in FP&A, Cost Accounting, Manufacturing Finance, or similar roles.
Strong analytical skills to provide data and analysis to support decisio
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