R&D Finance Manager at Abbott

Plymouth, Minnesota, United States

Abbott Logo
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

Financial Analysis
Strategic Planning
Budget Management
Business Partnering
R&D Finance
Forecasting

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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