Junior Financial Analyst at Abbott

North Chicago, Illinois, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

HealthcareIndustries

Requirements

Degree in Finance or Accounting
Minimum of a 3.0 grade point average or equivalent
0-2 years of experience in financial planning

Responsibilities

Learn key financial processes and activities, including budgeting, analytics, business support and general accounting. Includes training on SAP Financial modules and Oracle/Hyperion planning systems
Serve as a finance partner for one or several Corporate functions: Business Solutions and Technology/IT, Engineering, Legal, Procurement or Finance
Leveraging Abbott Shared Services organization, execute monthly close activities, provide clear and meaningful financial reporting and commentary. Ensure compliance and champion internal controls and procedures
Develop forecasts and prepare supporting analytics and review materials for presentation to business partners and Finance leaders. Help to manage risks and opportunities through the use of external and internal signals and data
Partner with the business and finance manager to review and analyze projects. Assist with preparation and review of Requests for Capital Expenditure (RCEs). Provide analytical support for contract negotiations
Participate in the consolidation of financial results and forecasts for part or all of a Corporate function. Assist manager with ad-hoc analysis and preparation of review materials for presentation to Business and Finance leaders
Offer ideas and recommendations for continuous improvements and simplifications in financial and business processes
Actively promote positive team environment. Participate in talent development opportunities including training and mentoring. Prioritize self-development and continuous learning

Skills

FP&A

Financial Planning

Financial Analysis

Analytics

Excel

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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