Abbott

Financial Analyst

Pleasanton, California, United States

Not SpecifiedCompensation
Mid-level (3 to 4 years)Experience Level
Full TimeJob Type
UnknownVisa
Healthcare, Medical DevicesIndustries

Requirements

A Bachelor's Degree in Business Administration, Finance, Accounting, or a related field is required. Demonstrable experience with financial systems such as SAP, Hyperion, and PowerBI is necessary. Familiarity with FDA regulations and a strong understanding of financial planning and analysis are also required.

Responsibilities

The Financial Analyst will support the Heart Failure Medical Affairs and Clinical/Regulatory functions by preparing financial budgets, conducting workforce planning and analysis, and assisting with monthly financial closing activities. Responsibilities include analyzing operating results, supporting staff with finance tasks, performing ad hoc analysis, and preparing financial reports. The role involves exercising judgment in planning and organizing work, monitoring performance, and reporting status, with a focus on early action and cost/benefit analysis. Duties also include driving the monthly closing process, preparing journal entries, researching financial systems, providing analytical insights into budget variances, partnering with the business for month-end analysis, and representing the business in finance decisions. Compliance with FDA regulations and company policies is essential, along with maintaining positive collaboration and executing annual goals.

Skills

Financial Analysis
Budgeting
Workforce Planning
Financial Closing
Operating Results Analysis

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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