Senior Manager Financial Planning & Analysis at Abbott

Mumbai, Maharashtra, India

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, PharmaceuticalsIndustries

Requirements

Experience in financial planning & analysis, forecasting, and reporting (implied senior-level expertise)
Ability to work full-time in Mumbai, India (BKC Building), with up to 20% travel
Tolerance for continuous sitting for prolonged periods (more than 2 consecutive hours in an 8-hour day)

Responsibilities

Effectively manage financial forecast for rlbe and financial reporting
Provide business finance support to various functions for budgets from FP&A perspective
Sales forecasting at SKU/Brand/Channel/Account/Region/State level along with gross realisation, GTN, Price Increase, Elasticity, Cost Increase Assumptions, Gross Margin Profile
Forecast budgets for various P&L lines/departments/expense types with proper business justification; conduct analysis with sales and P&L profile vs previous benchmarks
Ensure accuracy & hygiene of the monthly accounting process – including Std cost, TCGM and ensure proper review of monthly provisions prior to book close
Responsible for balance sheet forecast and actual analysis vs forecast; maintain aging of balance sheet items and follow up for pending claims/outstanding/open amounts
Prepare rlbe balance sheet review and deep dive submissions; review various buckets of balance sheet including other accrual liabilities
Review vendor advance for settlements against the invoices, open PO tracking against the accruals and commitments
Manage standard cost change exercise during rlbe and standard cost roll up at year end for next year
Assist in the preparation of scenario analysis, Brand Profitability, Channel Profitability, Regional PnL and other Financial decisions for all BUs including price, discount, incentives and SG&A
Drive continuous improvement in functional reporting by simplifying processes and leveraging existing systems; prepare the monthly Business Health monitor/Dashboard by providing the necessary finance inputs
Responsible for CFM policy and DPO policy compliances, accrual analysis, capital expenditure and depreciation planning and monitoring, tax related matters and implications on P&L
Monitoring of Std Cost, Gross Margin performance, Freight & distribution, SG&A budget vs actual monthly for all departments/cost centers
Work on accrual management with CFS/functional teams on Financial Closing on a monthly basis
Understanding business, its key drivers and the impact on the business of the company and drive company policies effectively
Monitor business performance (revenue/profit/overhead/utilization/pipeline, HC & other KPIs), investigate variances and provide analysis of differences with focus on improving performance
Support the audit process (Internal and Statutory) from the view of Business Finance
Generate strong insightful management analysis reports which would provide insights to all stakeholders

Skills

Financial Forecasting

Sales Forecasting

P&L Management

Budgeting

Gross Margin Analysis

Balance Sheet Forecasting

Standard Costing

TCGM

Accrual Management

Scenario Analysis

Brand Profitability

Channel Profitability

Financial Reporting

Dashboard Preparation

Continuous Improvement

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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