R&D Finance Manager at Abbott

Plymouth, Minnesota, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical DevicesIndustries

Requirements

Bachelor's Degree (≈16 years) in Accounting/Finance or a related field
Minimum 7 years experience
Preferred Qualifications
15+ years of FP&A experience
5+ years of management experience
Master's degree
CPA
Experience supporting R&D
Med device/healthcare industry experience

Responsibilities

Serve as a critical finance business advisor and partner for EP R&D leadership
Provide sound business counsel and enable the strategic vision of the business unit by advocating spending as an investment, not an expense
Effectively balance business unit investment needs/ROI with division/corporate investment needs/ROI
Interpret root causes to issues and actively seek solutions to problems through sound financial analysis
Bring the numbers to life through forecast accuracy and presentation of financial information to non-financial audiences
Focus on business strategies to achieve goals rather than report outcomes
Continuously ensure organizational alignment on key action items
R&D RLBE process: coordinate planning with functional heads, prepare and maintain data collection templates, prepare and maintain entity submission templates, prepare and present RLBE summaries to BU leadership, update/maintain HFM data models
R&D and Global Marketing RLBE process: coordinate planning with global marketing team, prepare and maintain data collection template, prepare and maintain entity submission template, prepare and present RLBE summaries to VP of Global Marketing
R&D monthly performance process: update HFM data models, analyze results and prepare summaries for BU leadership
Global Marketing monthly performance process: analyze and summarize results for Global Marketing team, prepare two versions (one with wages and one without wages)
NPVs/ROIs for new products in development: work with marketing, operations and PMO to quantify P&L impacts, understand/quantify/communicate potential cannibalization impacts, prepare slides for portfolio review meetings and gate reviews with BU leadership
Adhoc Requests

Skills

Key technologies and capabilities for this role

Financial PlanningBudget ManagementStrategic FinanceBusiness PartneringR&D FinanceInvestment AnalysisFinancial Advisory

Questions & Answers

Common questions about this position

What benefits does Abbott offer?

Abbott provides free medical coverage through the Health Investment Plan (HIP) PPO medical plan, an excellent retirement savings plan with high employer contribution, tuition reimbursement, the Freedom 2 Save student debt program, and FreeU education benefit for earning a bachelor’s degree.

Is this position remote or onsite?

This position works out of the Plymouth location in the Electrophysiology Medical Device division.

What are the main responsibilities of the R&D Finance Manager?

The role involves coordinating R&D RLBE planning with functional heads, preparing data templates, presenting summaries to leadership, updating HFM data models, and handling similar processes for Global Marketing and monthly performance.

What is Abbott's company culture like?

Abbott emphasizes doing work that matters, career growth, caring for yourself and family, being your true self, and living a full life. It is recognized as a great place to work worldwide, one of the most admired companies by Fortune, and excels in diversity, working mothers, female executives, and scientists.

What makes a strong candidate for this R&D Finance Manager role?

Strong candidates should have expertise in financial analysis, forecasting, presenting complex data to non-financial audiences, and experience with R&D planning processes like RLBE and HFM data models, along with the ability to provide strategic business counsel.

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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