Finance and SCM Controller at Abbott

Seongnam, South Korea, South Korea

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical Devices, DiagnosticsIndustries

Requirements

Bachelor’s degree
CPA or MBA in Finance preferred
Minimum 10 years in a financial leadership role

Responsibilities

Develop appropriate financial and supply chain strategies in accordance with ID BUSINESS’s strategic objectives
Provide financial counsel and analysis for proposed strategic growth initiatives
Set the strategic direction of all activities required for the management and administration of materials and distribution planning at the division level
Drive development and preparation of solid financial business plans (and underlying analysis) to ensure the business delivers its financial commitments
Prepare periodic financial plans / updates / LBE’s in accordance with ID BUSINESS Division requirements
Monitor local operations performance against financial plans/updates/LBE’s and ensure management is advised on exposure issues
Provide actual monthly and quarterly financial data in compliance with Area, Division and Corporate Reporting requirements
Ensure integrity of financial books and records, establish and maintain a robust and compliant internal control environment for the business
Summarize and communicate complex financial situations in a clear/concise manner explaining thought processes and analysis to local Management Team and Area / Division Management
Support GM in key decisions and ensure responsible investment decisions
Advise GM in areas of profit maximization, in-licensing/out-licensing, resource prioritization, and day-to-day operations; anticipate market activities that can impact business and provide economic/political scenarios
Provide leadership to build, maintain and develop the Abbott Finance Organization
Implement continuous improvement initiatives that optimize inventory turns, service levels, maximize profitability, and support dynamic changes in market conditions
Ensure accountability for forecasting of key Financial KPIs based on robust & realistic assumptions and identify & communicate risks & opportunities to APAC Management on a timely basis
Ensure sound financial governance overall and provide management with prompt & accurate insights on any aspects of business as requested
Ensure compliance with all relevant occupational health, safety and environment legislative requirements, policies and procedures and serve as a role model demonstrating full support of Abbott programs
Provide leadership and strategic direction for management of planning activities, processes, and data/information and systems including identifying and implementing continuous improvement initiatives
Set strategic direction and support staff in the development, implementation, and execution of supply chain processes in support of supply chain and business objectives
Implement operating plans, budgets and capital expenditure proposals within the limits set by ID BUSINESS Finance and approved by Finance Controller
Manage and facilitate affiliate S&OP processes, e.g. NPI, Demand, Supply and S&OP
Ensure all logistics activities including documentation and record keeping comply with local/international requirements and all legal & ethical standards, and meet quality system requirements

Skills

Key technologies and capabilities for this role

Financial PlanningSupply Chain ManagementStrategic AnalysisBusiness PlanningFinancial ReportingInternal ControlsProfit MaximizationResource PrioritizationLeadershipMaterials ManagementDistribution Planning

Questions & Answers

Common questions about this position

What is the employment type for this Finance and SCM Controller position?

The position is full time.

Is this Finance and SCM Controller role remote or office-based?

This information is not specified in the job description.

What are the key responsibilities or skills required for the Finance and SCM Controller role?

The role requires developing financial and supply chain strategies, providing financial analysis for growth initiatives, preparing financial plans, monitoring performance, ensuring financial integrity and compliance, and providing leadership to the finance organization.

What is the company culture like at Abbott for this role?

Abbott emphasizes leadership, strategic direction, continuous improvement, compliance with health, safety, and environmental standards, and serving as a role model for employees.

What makes a strong candidate for the Finance and SCM Controller position at Abbott?

Strong candidates will have expertise in financial stewardship, strategic planning, supply chain management, risk identification, financial forecasting, and leadership experience in building finance teams.

Abbott

Healthcare solutions in diagnostics and devices

About Abbott

Abbott Laboratories focuses on improving health through various medical technologies and health solutions. The company operates in areas such as cardiovascular health, diabetes management, diagnostic testing, nutrition, and neuromodulation for chronic pain and movement disorders. Abbott's products include advanced medical devices and diagnostic tests that help healthcare professionals and patients manage health conditions effectively. For example, their cardiovascular technologies assist in heart health management, while diabetes care products enable accurate glucose monitoring without painful fingersticks. Unlike many competitors, Abbott emphasizes accessibility and affordability in its offerings, aiming to make life-changing technologies available to a broader audience. The company's goal is to positively impact global health and well-being, supported by a commitment to sustainability and a 2030 Sustainability Plan.

Lake Bluff, IllinoisHeadquarters

1888Year Founded

IPOCompany Stage

HealthcareIndustries

10,001+Employees

Risks

Departure of key leader Dr. Adamson may affect Abbott's Heart Failure division.

Integration challenges with Medtronic could impact glucose monitor-insulin pump rollout.

Thermo Fisher's microfluidics expansion may increase competition for Abbott.

Differentiation

Abbott integrates continuous glucose monitoring with automated insulin delivery systems.

Abbott's microfluidic devices streamline diagnostic processes efficiently.

Abbott's neuromodulation products target specific nervous system areas for chronic pain relief.

Upsides

Microfluidic technology offers cost-effective solutions in diagnostics.

Strategic partnerships like Abbott-Medtronic enhance product offerings and market reach.

Significant investments indicate strong market confidence in Abbott's healthcare solutions.

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