Senior Financial Analyst 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 in Finance, Accounting, Business or related field
4+ years of experience performing month-end close activities, financial and variance analysis, and/or forecasting in a manufacturing environment
Proficient with MS Office Suite (Excel, PowerPoint and Word)
Demonstrated experience working with financial system applications
Strong verbal and written communication skills
Strong attention to detail
MBA, CPA or CMA preferred
Working knowledge (preferred, incomplete in description)

Responsibilities

Provides cost planning, analysis and reporting to management for assigned manufacturing site, including setting production cost standards for labor and material
Maintains and updates standard cost files
Partners with manufacturing managers to develop and track budgets, update forecasts, provide variance analysis and product cost analysis
Provides timely and accurate reporting to management leveraging knowledge of finance systems and business operations
Makes recommendations to finance management to save costs, scale for the future and maintain data accuracy (e.g., related to purchase price, scrap, inventory cycle counts, work order volume)
Provides month end close support and reporting to finance department leadership
Serves as finance subject expert for assigned manufacturing entity and leads special projects as assigned by finance management
Executes reporting based on pre-established schedules for monthly and quarterly corporate reporting and external & internal audits
Responsible for reporting of results on a monthly basis, budget cycles, and ad hoc analysis requested from leadership
Prepares financial presentation content for executive meetings
Participates in ad hoc projects or assignments
Supports month end close and internal and external audits by preparing and providing relevant reports and analysis

Skills

Financial Reporting

Financial Analysis

Forecasting

Budgeting

Variance Analysis

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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