Finance Manager at Abbott

Sylmar, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical DevicesIndustries

Requirements

BA / BS in Accounting or Finance or related field; CPA or advanced education degree is preferred
7+ years combined experience in General Accounting, cost accounting, FP&A
Ability to operate independently with broad scope of responsibility under minimal supervision and under challenging time constraints
Ability to communicate clearly, concisely and accurately with all levels of the organization
Ability or aptitude to apply in-depth knowledge of financial processes, accounting methodologies and Division-specific operations to lead complex planning processes and to support related systems and functions
Ability to facilitate interpretation and understanding of data, identify risks, develop recommendations and implement solutions
Ability to form and develop interpersonal, professional relationships; display socially and professionally appropriate behavior
Ability to work independently and in groups
Demonstrated initiative, problem-solving skills, analytical skills and critical-thinking skills

Responsibilities

Coordinate, consolidate and develop an Annual Plan, Latest Best Estimate (LBE) and other financial forecasts for all aspects of the CRM Division income statement and balance sheet
Manage the month-end close process and reporting of monthly financial performance metrics
Develop flexible, comprehensive tools and templates to support the consolidation and timely completion of corporate schedules as well as develop system solutions and process improvements that meet the needs of the financial planning and/or reporting requirements
Maintain an effective and efficient planning process for the division and functional areas being supported, including the coordination of a planning calendar with key dates and deliverables
Be the liaison between Division FP&A and various finance teams within CRM as well as Med Device HQ and Corporate FP&A
Develop and maintain a financial organization capable of meeting Division and Corporate requirements. Responsible for staff development, mentoring, performance management, engagement and recruiting
Provide leadership oversight, coordination and planning, in order to execute the financial planning processes and ensure timeliness, accuracy and integrity of financial information
Deliver analytics and business support to enable informed decision making by the executive staff as well as presentation worthy performance summaries to be shared with senior leaders across the organization

Skills

Key technologies and capabilities for this role

FP&AFinancial ForecastingAnnual PlanningMonth-End CloseFinancial ReportingAnalyticsProcess ImprovementFinancial ConsolidationIncome StatementBalance Sheet

Questions & Answers

Common questions about this position

What is the location for this Finance Manager position?

The position is based in the Sylmar, CA location.

What are the required qualifications for this role?

A BA/BS in Accounting, Finance, or related field is required, with CPA or advanced degree preferred, along with 7+ years of combined experience in General Accounting, cost accounting, and FP&A.

What salary or compensation does this position offer?

This information is not specified in the job description.

What key skills are needed to succeed in this Finance Manager role?

Candidates need the ability to operate independently under minimal supervision, communicate clearly with all organizational levels, and apply in-depth knowledge of financial processes and accounting methodologies.

What responsibilities does the Finance Manager have regarding team management?

The role includes developing and maintaining a financial organization, with responsibilities for staff development, mentoring, performance management, engagement, and recruiting.

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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