Senior Financial Analyst, Global Supply Chain

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 in our Lake Forest IL facility 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.

What You’ll Work On

This Senior Financial Analyst, Global Supply Chain role provides a unique opportunity to gain experience and insight into the Core Diagnostics Global Supply Chain Organization and is a key member of the Global Manufacturing Operations Finance team. This role acts as a financial partner for the Global Distribution organization and provides guidance and analytics during the Abbott planning cycles, month end close and for on-going business decisions. As the subject matter expert on Distribution and Freight, this role is also the go-to person for the Finance organization and exercises oversight over several P&L lines. The role will be focused on supporting the Lake County Distribution Center (LCDC), as well as supporting Planning, and Purchasing. Additionally, as a Headquarters role, this position offers an international perspective with responsibility for the global consolidation of Supply Chain financial data. Lastly, the role also provides an interesting opportunity to oversee and improve the Core Diagnostics Global Freight allocation process and to interact with our international affiliates.

Main Responsibilities Include:

+ Ownership of P&L and Balance Sheet forecasting cycles through close communication with our business partners in Global Planning & Purchasing, Lake County Distribution Center (LCDC) and LCDC Freight management. This role serves as the Finance expert and “go-to” person for these key areas.

+ Drive value added insights through the preparation of various management presentations, financial modeling, financial analyses, and related consultation to senior divisional management in planning and achieving short- and long-term financial objectives

+ Review and drive Actual financial data during month-end close including journal entry preparation, spend/headcount review, variance analysis and month end reporting.

+ Develop and publish monthly analyses for Global Freight allocation of LCDC inbound/outbound freight invoices (~$80MM annually)

+ Develop and publish monthly analyses for LCDC Inventory Exposure Reserves

+ Conduct regular financial reviews with business partners to communicate financial performance, key business issues and provide insights to help the business achieve financial goals.

+ Verify that monthly departmental expense, payroll & HR information is accurate.

+ Understands and applies complex concepts, facilitates interpretation and understanding of data.

+ Identifies risks; proposes recommendations and solutions to issues. Implements solutions for problem resolution.

+ Proactively reviews financial processes and implements improvements.

Required Qualification s

+ Bachelor’s degree with concentration in accounting or finance.

+ 3-5 years of finance experience to include roles of increasing responsibility in accounting and/or finance.

Preferred Qualifications

+ Prior financial planning and/or cost accounting experience preferred.

+ Demonstrated ability to provide data and analysis to support decision making, methodical approach to problem solving and rational ideas supporting them, ability to keep learning and to teach others, traditional accounting knowledge and facilitator of management needs, streamlining functions within the department and an efficient work ethic.

+ Strong written and verbal communication; ability to communicate technical accounting concepts clearly and concisely with non-finance partners.

+ Prior experience with Symphony/SAP and TM1 (or similar financial planning systems).

  • 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.

The base pay for this position is $71,300.00 – $142,700.00. In specific locations, the pay range may vary from the range posted.

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: JC247138956

Posted On: Sep 04, 2023

Updated On: Nov 09, 2023

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