Senior Financial Analyst at Abbott

St Paul, 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 in Finance, Accounting, Business Administration or related field
5+ years of experience in accounting and/or finance in a manufacturing environment
Experience in cost analysis and reporting
Experience working with inventory and COGS
Experience with cycle counting
Experience establishing and maintaining standard costs

Responsibilities

Provides cost planning, analysis and reporting to management for assigned manufacturing site/s, including setting production cost standards for labor and material, maintaining and updating standard cost files, partnering with manufacturing entity managers to develop and track budgets, updating forecasts, providing variance analysis, and providing product cost analysis
Provides sophisticated reporting to management due to extensive knowledge of the finance systems and high familiarity with the business operations
Based on reporting and analysis, makes recommendations to finance management to save costs, scale for the future and maintain data accuracy (e.g., recommendations relating to purchase price, scrap, inventory cycle counts, work order volume)
Serves as finance subject expert for assigned manufacturing entity/ies and leads special projects as assigned by finance management
Executes annual goals as assigned based on manufacturing site operating plans and finance department needs
Provides month end reporting to finance department leadership
Executes reporting based on pre-established schedules for quarterly corporate reporting, external audits and internal audits
Supports all Company initiatives as identified by management and in support of Quality Management Systems (QMS), Environmental Management Systems (EMS), and other regulatory requirements
Complies with U.S. Food and Drug Administration (FDA) regulations, other regulatory requirements, Company policies, operating procedures, processes, and task assignments
Maintains positive and cooperative communications and collaboration with all levels of employees, customers, contractors, and vendors

Skills

cost planning

financial analysis

reporting

manufacturing cost analysis

regulatory compliance

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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