Senior Financial Analyst

at Abbott in Lake Forest, Illinois, United States

Job Description

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.

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 of our Lake Forest IL location 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.

Abbott Molecular is a leader in molecular diagnostics and the analysis of DNA, RNA, and proteins at the molecular level.

Our Point of Care diagnostic portfolio spans key heath and therapeutic areas, including infections disease, cardiometabolic, informatics and toxicology.

Our diagnostic solutions are used in hospitals, laboratories and clinics around the globe. The crucial information derived from our tests, instruments and informatics systems are often the first step in patient care decision making for hundreds of health conditions from heart attacks to blood disorders to infectious diseases and cancers.

Our rapid diagnostics solutions are helping address some of the world’s greatest healthcare challenges.

What You’ll Work On

The Senior Financial Analyst role is responsible for providing financial support and counsel to divisional senior financial and executive management in the following specific activities: Financial Planning and Analysis, Management Financial Reporting, and TM1 system maintenance. Comprehensively work and assist with all aspects of the global Core Diagnostics (Core Dx) Division’s Financial Planning processes aligned with Abbott Corporate and Core Dx business requirements.


Responsible for financial planning, reporting and analysis. Prepares financial plans and forecasts based on performance expectations. Gathers and publishes financial information related to historical, current and future performance. Performs financial analysis utilizing appropriate financial concepts and techniques. Recommends alternative courses of action.

+ Responsible for compliance with applicable Corporate and Divisional Policies and procedures

+ Assist in the planning process to provide an efficient and effective tool for senior management and ensure that planning requirements and expected outcomes are achieved.

+ Develop and orchestrate the planning timeline, calendar, and process. Plans and organizes non-routine tasks w/approval. Initiates or maintains work schedule. Establishes priorities of work assignments.

+ Manage and coordinate with senior staff the preparation of the management presentation and related backup/analysis. The presentation, backup, and analysis must be comprehensive and include the assessment of all data and assumptions used in the planning development for reasonableness and the degree of achievability of these forecasts.

+ Prepare and distribute financial reports and packages by gathering and analyzing information related to current performance.

+ Responsible for the maintenance and integrity of TM1 data for all Plan and Last Best Estimates (LBEs).

+ Prepare in-depth evaluations of plans and identify new methods of analysis and presentation.

+ Prepare various management presentations, relevant data, financial analyses, special projects and related consultation to senior divisional management in planning and achieving short and long term financial objectives.

+ Prepare monthly analysis around Actual sales results for management dashboards.

+ Brainstorm, propose solutions and enhancements to orchestrate process improvements.

+ Develop detailed process documentation to ensure continuity of process knowledge.

+ Complete ad hoc analysis, reviews or reports within Divisions and Corporate functions as necessary.

+ Establishes and cultivates an extensive network of support to facilitate completion of assignments.

+ Works under minimal supervision. Independently determines and develops approach to solutions. Work is reviewed upon completion for adequacy in meeting objectives.

Required Qualifications

+ Bachelor’s Degree in related field; or an equivalent combination of education and work experience

+ 4 years minimum experience in financial planning and analysis

Preferred Qualifications

+ Master’s Degree, CPA, or auditing experience with a major regional and/or Big 4 public accounting firm is also a plus

+ Knowledge and application of financial concepts, procedures, and practices.

+ Working experience with TM1 or other large systems a must (SAP or Cognos databases).

+ Apply professional concepts following company policies and procedures to solve routine problems and exercise independent decision making.

+ Candidates must have strong interpersonal communication and leadership skills with the ability to interact across various levels of finance personnel, including senior financial management.

+ Candidates must be able to manage multiple tasks and work in a dynamic environment.

  • Participants who complete a short wellness assessment qualify for FREE coverage in our HIP PPO medical plan. Free coverage applies in the next calendar year.

Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives: (

Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life. Abbott is an Equal Opportunity Employer, committed to employee diversity.

Connect with us at , on Facebook at and on Twitter @AbbottNews and @AbbottGlobal.

An Equal Opportunity Employer

Abbot welcomes and encourages diversity in our workforce.

We provide reasonable accommodation to qualified individuals with disabilities.

To request accommodation, please call 224-667-4913 or email

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Job Posting: JC239666317

Posted On: May 05, 2023

Updated On: Jun 09, 2023

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