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Financial Analyst

2 months ago

Plymouth, United States Abbott Laboratories Full time

Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 114,000 colleagues serve people in more than 160 countries.

Financial Analyst

Working at Abbott

At Abbott, you can do work that matters, grow, and learn, care for yourself and your family, be your true self, and live a full life. Youâll also have access to:

  • Career development with an international company where you can grow the career you dream of.
  • Free medical coverage for employees* via the Health Investment Plan (HIP) PPO
  • An excellent retirement savings plan with a high employer contribution
  • Tuition reimbursement, the Freedom 2 Save student debt program, and FreeU education benefit - an affordable and convenient path to getting a bachelorâs degree.
  • A company recognized as a great place to work in dozens of countries worldwide and named one of the most admired companies in the world by Fortune.
  • A company that is recognized as one of the best big companies to work for as well as the best place to work for diversity, working mothers, female executives, and scientists.

The Opportunity

This position works out of our Plymouth, MN facility, supporting our Electrophysiology (EP) business. In Abbottâs Electrophysiology (EP) business, weâre advancing the treatment of heart disease through breakthrough medical technologies in atrial fibrillation, allowing people to restore their health and get on with their lives.

We are currently recruiting for a Financial Analyst for Operations Finance.  This position is a key value-added role that partners with various levels of leadership to drive financial ownership, cost efficiency, and process improvement. You will be responsible for complex, timely, and accurate financial planning, forecasting, and reporting for the business.  Additionally, you will be providing standard cost analysis, manufacturing data analytics and process improvement.

What Youâll Work On

  • Compile Financial analytics for Manufacturing Value streams, highlighting variances and provide succinct effective communication to leadership on business performance to identify opportunities and drive improvement.  Scope includes Month-End Close, Quarterly Forecasts, Annual Plan & Standard Costs.
  • Develop budgets in support of Annual Plan and Quarterly Forecasts for Site based cost centers.  Perform variance analysis and identify key drivers in support of business decisions. Conduct regular financial reviews with business partners to communicate financial performance and business issues.  Provide valuable insight to influence business to achieve financial goals.
  • Execute Month-End Close process including journal entries preparation, spending/headcount review, variance analyses, and reporting of monthly results to management.
  • Provide ad-hoc analyses to support complex decision making within site manufacturing operations and present recommendations to management.  Serve as financial lead in cross-functional team environments.
  • Identify areas that can be improved and constructively propose new solutions that drive efficiencies. Develop and utilize sound financial processes to drive improved business performance.
  • Support ad hoc internal and external audit requests.

Required Qualifications

  • Bachelorâs Degree in Business Administration, Finance, Accounting, or related field.
  • 3+ years of full-time finance and/or accounting experience.
  • Intermediate computer applications (MS Excel, MS PowerPoint).
  • Excellent verbal and written communication skills with ability to effectively communicate at multiple levels in the organization.
  • Strong analytical, problem solving, variance analysis skills, accuracy, and attention to details.
  • Ability to learn system software and databases quickly (SAP, Essbase, Business Objects).

Preferred Qualifications

  • Medical device industry experience.
  • Experience in, or directly supporting, manufacturing/supply chain/plant operations
  • Experience with SAP, Business Objects, and Hyperion SmartView/Essbase.

Apply Now

* Participants who complete a short wellness assessment qualify for FREE coverage in our HIP PPO medical plan. Free coverage applies in the next calendar year.

Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives:  www.abbottbenefits.com

Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life. Abbott is an Equal Opportunity Employer, committed to employee diversity.

Connect with us at www.abbott.com, on Facebook at www.facebook.com/Abbott, and on X @AbbottNews.



The base pay for this position is $57,300.00 â $114,700.00. In specific locations, the pay range may vary from the range posted.