Finance Manager at Abbott

Brisbane, Queensland, Australia

Abbott Logo
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Healthcare, DiagnosticsIndustries

Requirements

  • CPA/CA Qualification
  • Minimum 15 years' experience in financial management in a multinational customer-oriented environment
  • Experience in FP&A in a multinational role will be highly advantageous
  • High proficiency in Excel and PowerPoint and ability to learn/leverage on digital tools
  • Hold current working rights with no restrictions for Australia or New Zealand
  • Capabilities: Abbott First (Servant Leadership; Ownership; Transparent; One Team; Judgment); One Step Ahead (Insight Driven; Decisiveness; Anticipatory Problem Solving); Play to Win (Drive the Market; Strategic; Results Focused); Powered by People (Build Trust; Coach & Develop; Create Culture; Inclusive)

Responsibilities

  • Develop and maintain timely and accurate financial statements and reports that are appropriate for the users and in accordance with local GAAP / IFRS / USGAAP
  • Prepare all supporting information for internal/tax/statutory annual audits and liaise with the Board's Audit Committee and the internal/external auditors as necessary for timely completion
  • Develop and maintain financial accounting systems for cash management, accounts payable, accounts receivable, credit control, and related commercial processes, with sound knowledge on various tools and controls including periodic closing process/order to cash/procurement to pay etc
  • Lead the development, consolidation, analysis, and reporting of the Plan and RLBEs for the country including financial counsel and guidance to the organization for various business units
  • Deliver in-time corporate level reporting packages per monthly corporate closing timetable
  • Preparation of variation reports on revenues, pricing, profitability versus financial plans, including understanding of key variances, impact on overall achievement of Plan and RLBE, risks and recommending possible mitigation options
  • Provide meaningful, value added analytics to influence and counsel senior management on business performance, potential opportunities and / or exposures, and give recommendations on the implications for the business
  • Interpret and execute Abbott global accounting principle and changes; ensure the effective application of the company's financial control framework to business finances, including risk assessment, performing key control activities, training and testing of controls where applicable
  • Ensure Global Compliance with all applicable customs, antiboycott, embargo, and trade control laws, rules and regulations in countries where Abbott imports or exports goods, software, or technology according to Abbott Code of Conduct; create a sustainable infrastructure and environment that enables growth
  • Work closely with Supply Chain and Regulatory to ensure best inventory level in the country and distributors and no business disruption or distressed inventory

Skills

FP&A
Financial Reporting
GAAP
IFRS
USGAAP
Audit Preparation
Cash Management
Accounts Payable
Accounts Receivable
Credit Control
Order to Cash
Procurement to Pay
Variance Analysis
Financial Planning

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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