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 114,000 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 (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

This position works out in our facilities of Lake Forest IL, 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

The position will support the group responsible for Lessor Accounting requirements for the Diagnostics Division at the Headquarters level by providing guidance and support to Global Affiliates on lease contract assessment. Position will support accounting processes to ensure proper recognition of revenue and other P&L and B/S items as well as participate in planning and forecast cycles for lessor accounting financials.

Main Responsibilities Include :

+ Support annual plan and rolling forecasts to capture the financial impact of lease accounting inclusive of both domestic and international affiliates.

+ Aid in developing detailed financial forecasts incorporating historic and current business information.

+ Analyze historical data to support ongoing revenue and margin analyses and to investigate new trends and provide insights on financial and business impacts.

+ Perform ad-hoc analysis as requested by Division and Corporate Management.

+ Participate in annual global scope assessment and review with Division and Corporate Management. This includes an annual review with all major affiliates’ Commercial, Finance, and Business Unit teams on key lease contract practices.

+ Global support and consulting of all Diagnostics organizations to provide interpretation and application of lease accounting standard to ensure consistent practices across all affiliates.

+ Maintain global lessor accounting system to meet reporting and accounting requirements.

+ Work with outside vendor to adapt global lessor accounting system to new requirements.

+ Exercise judgment in selecting innovative, practical methods to achieve problem resolution; proactively review processes and implement improvements.

EDUCATION AND EXPERIENCE YOU’LL BRING

Required

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

+ 2-4 years of finance experience to include roles of increasing responsibility in accounting and/or finance.

+ Strong analytical and communication skills. Ability to communicate complex topics to a broad financial and non-financial audience.

Preferred

+ Industry experience in technical accounting (i.e. Lease Accounting) Financial Planning and Analysis

+ Experience with any of the following financial management and accounting systems: Hyperion, SAP, and/or TM1.

+ Understanding of accounting principles, practices and standards

+ Experience in working with international organizations

• 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 and @AbbottGlobal.

The base pay for this position is $57,300.00 – $114,700.00. 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 corpjat@abbott.com