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Manager Financial Planning and Analysis

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 114,000 colleagues serve people in more than 160 countries.

Manager Financial Planning and Analysis

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 (https://www.abbott.com/corpnewsroom/strategy-and-strength/tackling-student-debt-for-our-employees.html) student debt program and FreeU (https://www.abbott.com/corpnewsroom/strategy-and-strength/college-degree-for-free-its-possible-with-freeu.html) 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

We have an exciting opportunity for a Manager, Financial Planning & Analysis within our Abbott Rapid Diagnostics business located at Lake Forest, IL . This role will require an experienced professional with at least 8 years of experience in Financial Planning, Accounting and/or business-support positions in Multinational environments. Demonstrated track record of achievement in financial and/or Accounting supervisory roles, with strong people and communication skills and ability to interact with diverse and senior levels of the organization. Ability to analyze and interpret financial figures and explain implications of numbers to the business.

What You’ll Work On

+ Coordinate the Financial Planning and Analysis (FP&A) process for the Toxicology Business Unit (BU), including annual Plan, quarterly LBEs, and various reporting and analysis in support of the business.

+ Be a key liaison and provide financial support to BU Functions including Marketing.

+ Lead consolidation, data review, book preparation and ensure integrity and accuracy of all data is maintained.

+ Ensure a robust planning system in area to meet BU and Division requirements, recommend improvements to process to ensure efficient and timely results.

+ Provide financial guidance to commercial affiliates/plants in the preparation of the revenue and operating budget planning and all relevant reporting requirements.

+ Ensure reporting requirements to BU, Division, and Corporate are met in accordance with established calendars and timelines.

+ Lead the consolidation, monthly reporting and analysis of BU financials including.

+ Manage reporting and planning of approved one-time integration budgets.

+ Ensure action taken on follow up items for Monthly finance meetings.

+ Monthly Performance Analysis Reports review with affiliates, follow through on actions.

+ Other Ad-hoc as required by BU, Division and Corporate.

+ Ensure prepare and submission of weekly and monthly sales flash and month end closing reports for BU to Division.

+ Oversight for preparation of monthly financials for BU deck for S&OP meeting.

+ Responsible for compliance with applicable Corporate and Divisional Policies and procedures. Support affiliates in activities related to accounting policies and procedures, consistent with General Accepted Accounting Practices and AI policies, Corporate Financial Procedures, and sound business practices.

+ The BU includes over $680MM in sales and expenses across commercial, manufacturing and R&D.

+ This position interfaces with upper management throughout the functions and business managers/controllers, ensuring clear communication and understanding of business drivers and the ability to translate financial results into meaningful discussions.

+ Candidate must have the ability to handle wide range of responsibilities by providing timely and clear instructions and directions for the planning process.

+ 8+ years of experience in Financial Analysis, Planning or Reporting role in Multinational company environments.

+ Strong Interpersonal skills, ability to interact with multiple management levels of the organization.

+ Strong business acumen and understanding of strategic drivers.

Required Qualifications

+ Bachelor’s degree in accounting or finance.

+ 8+ plus years of accounting or finance related experience.

+ Ability to analyze, interpret, and present data for effective decision making.

+ Ability to plan, implement, and administer financial information and control systems.

+ Knowledge of the principles, processes and standards for integrated financial analysis and reporting.

+ Proficient in Excel with general understanding of financial accounting systems.

Preferred Qualifications

+ Master’s Degree

+ MBA or other advanced degrees preferred.

+ CPA or other certifications

Apply Now (https://www.jobs.abbott/us/en)

  • 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: www.abbottbenefits.com (http://www.abbottbenefits.com/pages/candidate.aspx)

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 www.abbott.com , on Facebook at www.facebook.com/Abbott and on Twitter @AbbottNews.

The base pay for this position is $95,000.00 – $190,000.00. 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 corpjat@abbott.com

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Job Posting: JC260874895

Posted On: Jun 06, 2024

Updated On: Jul 18, 2024

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