Sr Financial Analyst at Abbott

Santa Clara, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical Devices, VascularIndustries

Requirements

Bachelor’s degree in business administration, Finance, Accounting, or related field
3+ years of full-time finance and/or accounting experience
Strong analytical, problem solving, variance analysis skills, and attention to details
Excellent verbal and written communication, interpersonal and presentation skills
Proficient in Microsoft Office Suite (Excel, PowerPoint, etc.) with advanced Excel skills
Ability to learn system software and databases quickly (SAP, Essbase, PowerBI)

Responsibilities

Responsible for financial planning, reporting and analysis
Prepares financial plans and forecasts based on performance expectations
Gathers and publishes financial information related to historical, current and future performance
Performs financial analysis utilizing appropriate financial concepts and techniques
Prepare journal entries and assist in month end close
Prepare and distribute sales reports and packages by gathering and analyzing information related to current performance. Provide commentary on variances against various benchmarks
Develop detailed sales forecasts incorporating historic, trended, and current business information. Ensure complete, accurate and timely submissions for quarterly forecasting cycles i.e. LBE (Latest Best Estimates)
Complete balance sheet reconciliation and analysis of Rebates and Accounts Receivables. Work with CFS, Pricing team and the Commercial team on actions to drive cash flow improvements
Prepare executive-ready presentations with concise messaging. Translate data into meaningful visuals / charts appropriate for the audience
Perform ad-hoc projects and analysis as needed by the business

Skills

Key technologies and capabilities for this role

Financial PlanningFinancial ReportingFinancial AnalysisJournal EntriesMonth End CloseSales ReportingVariance AnalysisSales ForecastingBalance Sheet ReconciliationAccounts ReceivableExcelData Visualization

Questions & Answers

Common questions about this position

What is the salary range for the Sr Financial Analyst position?

The base pay for this position ranges from $86,700.00 to $173,300.00, though in specific locations the pay range may vary.

Is this role remote or onsite?

This is an onsite role based in Santa Clara, CA.

What are the required qualifications for this position?

Candidates need a Bachelor’s degree in business administration, Finance, Accounting, or related field, plus 3+ years of full-time finance and/or accounting experience. Key skills include strong analytical, problem solving, variance analysis, attention to detail, excellent communication and presentation skills, proficiency in Microsoft Office Suite with advanced Excel, and ability to learn systems like SAP, Essbase, and PowerBI quickly.

What does Abbott do, and which division is this role in?

Abbott is a global healthcare leader with products in diagnostics, medical devices, nutritionals, and branded generic medicines, serving people in over 160 countries. This Sr Financial Analyst role is in the Vascular division, which provides innovative, minimally invasive products for vascular disease treatment.

What experience makes a strong candidate for this Sr Financial Analyst role?

Strong candidates will have 3+ years in finance or accounting, advanced Excel skills, experience with variance analysis, financial forecasting, and tools like SAP or PowerBI, along with excellent communication for preparing executive presentations.

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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