Senior Finance Analyst at Abbott

Hollywood, Florida, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical Devices, DiagnosticsIndustries

Requirements

Bachelor’s Degree
7+ years of Accounting and Finance Experience

Responsibilities

Consolidate LATAM Regional full P&L and BS
Prepare roll forwards for Divisional LBE DVP reviews
Actively communicate with Finance directors to understand country challenges and key topics
Lead the process for the Organic Execution Model (OEM) 5 years long range financial plan for EPD LATAM
Forecast the Region Headquarter budget and ensure strong and effective financial controls are in place and executed
Manage intercompany billing margins across LATAM, establishing controls within monthly close files to ensure accurate reporting and significantly reduce errors
Support the month-end close process, assisting affiliates as needed to ensure accurate financial results and records
Lead the D37 inventory reconciliation process across affiliates to protect the margin pool and prevent negative impacts on the P&L
Calculate the deferred margin balance sheet amount quarterly, as well as providing accurate estimates to division
Collaborate with operations teams after annual cost setup to perform cost change analysis by affiliate and production plant
Support the successful delivery of all financial planning processes, including consolidation, reporting and management analysis for the EPD LATAM Region (approximately $1B in Net Sales)

Skills

Key technologies and capabilities for this role

Financial PlanningConsolidationP&LBalance SheetReportingManagement AnalysisRoll ForwardsLong Range PlanningOrganic Execution ModelExcel

Questions & Answers

Common questions about this position

What benefits does Abbott offer?

Abbott provides free medical coverage in 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 Hollywood, Florida facility.

What are the main responsibilities or skills needed for this role?

The role involves consolidating LATAM Regional P&L and BS, preparing roll forwards for reviews, active communication with Finance directors, leading the Organic Execution Model 5-year plan, managing intercompany billing margins, supporting month-end close, leading inventory reconciliation, and performing cost change analysis.

What is the company culture like at Abbott?

Abbott emphasizes doing work that matters, growth and learning opportunities, 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 is the salary for this Senior Finance Analyst position?

This information is not specified in the job description.

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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