Finance Manager at Abbott

Austin, Texas, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical Devices, CardiovascularIndustries

Requirements

Bachelor’s degree in Business Administration, Finance, Accounting, or related field
At least 7 years of full-time finance and/or accounting experience
Strong analytical, problem solving, variance analysis skills, and attention to details
Excellent verbal and written communication, interpersonal and presentation skills
Proficient in Microsoft Office Suite (Excel, PowerPoint, etc.) with advanced Excel skills
Ability to learn system software and databases quickly (SAP, Essbase, PowerBI)

Responsibilities

Prepare journal entries during month end close to ensure proper accounting
Prepare and distribute financial reports and packages by gathering and analyzing information related to current performance. Provide commentary on variances against various benchmarks. Scope includes Income Statement and Balance Sheet
Develop sales bottom-up forecasts incorporating historic, trended, and current business information. Ensure complete, accurate and timely submissions for quarterly forecasting cycles i.e. LBE (Latest Best Estimates)
Complete balance sheet reconciliation and analysis of Rebates and Accounts Receivables. Work with CFS, Pricing team and the Commercial team on actions to drive cash flow improvements
Build financial models to deep dive into complex business problems. Provide financial analysis to Sr. Management and other internal users in order to aid with the process of making business decisions. Work with Marketing, Commercial and Area Controllers on diagnosing problems and preparing plan of action to address and mitigate
Prepare executive-ready presentations with concise messaging. Translate data into meaningful visuals / charts appropriate for the audience
Lead and develop financial analyst by providing guidance towards achieving responsibilities and goals

Skills

financial planning

financial analysis

financial reporting

journal entries

month end close

income statement

balance sheet

sales forecasting

variance analysis

balance sheet reconciliation

rebates analysis

accounts receivable

financial modeling

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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