Finance Director- Commercial at Abbott

Karachi, Pakistan

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Not SpecifiedCompensation

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

Full TimeJob Type

UnknownVisa

Pharmaceuticals, HealthcareIndustries

Requirements

Key business partner to the General Manager
Lead and execute financial and business strategy for $150MM business
Provide support to Commercial leaders on Sales, Margins, Cash Flow, NPIs, Pricing, CAPEX, and cost/margin improvement
Accountable for all business and financial goals with compliance to Financial Controls, Division, and Area guidelines
Lead Demand Planning function, manage supply risks, and lead S&OP processes (BEX function) per Global BEX/Class A guidelines
Member of Executive Team and Affiliate Compliance Committee (ACC)

Responsibilities

Drive business growth and profitability in line with Division targets and market expectations, ensuring compliance to guidelines and policies
Provide financial leadership in affiliate S&OP, NPI forum, METAP region S&OP, Plan/LBEs reviews, Sales reviews, and Business Reviews
Establish, maintain, and control financial planning, analysis, and reporting processes for Plans/Budgets and LBEs
Contribute to development of financial strategies aligning with organization's vision and business objectives
Manage Plan, LBE & Update cycle; ensure timely and accurate financial forecasting and reporting
Lead Division and Corporate strategic initiatives (e.g., Margin & Profitability programs, cost saving, cash flow, NPIs)
Drive Pricing strategy with Regulatory and Market Access for sustainable profitability
Ensure compliance to ACC Charter
Manage Corporate and local Audits, with timely remediation of gaps
Provide leadership to Demand Management Function for robust forecasting, ADS publication, risk management, and opportunity optimization
Ensure continuous improvement of S&OP processes to meet Class A & Division BEX standards
Collaborate with Commercial, Operations, and other stakeholders

Skills

Financial Strategy

Business Partnering

Demand Planning

Sales Forecasting

Margin Management

Cash Flow Management

Pricing Strategy

CAPEX Management

Cost Improvement

Financial Controls

NPIs

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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