Manager Finance at Abbott

Mumbai, Maharashtra, India

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Not SpecifiedCompensation

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

Full TimeJob Type

UnknownVisa

Healthcare, NutritionIndustries

Requirements

Associates Degree (± 13 years)
Comprehensive knowledge in the specific area (finance/credit)
Ability to execute highly complex or specialized projects
Ability to adapt precedent and make significant departures from traditional approaches to develop solutions
Extensive knowledge of company, products, and/or services
Advanced problem-solving skills
Willingness to travel (25% of the time)
Ability to sit continuously for prolonged periods (more than 2 consecutive hours in an 8-hour day)

Responsibilities

Responsible for the organisation's credit policy, including assessment of credit applications and outstanding credit
Investigate and analyze credit risks, working within company established guidelines
Investigate new customers, extend credit lines, and follow up on collection of overdue accounts
Contact customers to determine reason for payment delinquency and obtain payment commitment by placing outbound calls (non-routine, requiring deviation from standard screens, scripts, and procedures)
Handle situations requiring adaptation of response or extensive research
Use computerized systems for tracking, information gathering, and/or troubleshooting
Answer inquiries and resolve problems

Skills

Credit Risk Analysis

Credit Policy

Accounts Receivable

Collections

Credit Investigation

Payment Follow-up

Problem Solving

Computerized Tracking Systems

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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