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Senior Financial Analyst

2 months ago

Lake Forest, 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.

About Abbott

Abbott is a global healthcare leader, creating breakthrough science to improve peopleâs health. Weâre always looking towards the future, anticipating changes in medical science and technology.

Working at Abbott

At Abbott, you can do work that matters, grow, and learn, care for yourself and 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 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 around the world 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 a best place to work for diversity, working mothers, female executives, and scientists.

The Opportunity

This position works out in our facilities in Lake Forest IL in the Diagnostics Division. 

Weâre empowering smarter medical and economic decision making to help transform the way people manage their health at all stages of life. Every day, more than 10 million tests are run on Abbottâs diagnostics instruments, providing lab results for millions of people.

What Youâll Work On


This position is responsible for providing financial support and counsel to divisional senior financial and executive management in the following specific activities:  Financial Planning and Analysis, Management Financial Reporting, and TM1 system maintenance.  Comprehensively work and assist with all aspects of the global Core Diagnostics (Core Dx) Division's Financial Planning processes aligned with Abbott Corporate and Core Dx business requirements.

Core Job Responsibilities

Responsible for compliance with applicable Corporate and Divisional Policies and procedures Assist in the planning process to provide an efficient and effective tool for senior management and ensure that planning requirements and expected outcomes are achieved. Develop and orchestrate the planning timeline, calendar, and process. Manage and coordinate with senior staff the preparation of the management presentation and related backup/analysis.  The presentation, backup, and analysis must be comprehensive and include the assessment of all data and assumptions used in the planning development for reasonableness and the degree of achievability of these forecasts. Responsible for the maintenance and integrity of TM1 data for all Plan and LBE's. Prepare in-depth evaluations of plans and identify new methods of analysis and presentation. Prepare various management presentations, relevant data, financial analyses, special projects and related consultation to senior divisional management in planning and achieving short and long term financial objectives. Prepare quarterly/LBE IR sales reports. Brainstorm, propose solutions and enhancements to orchestrate process improvements. Develop detailed process documentation to ensure continuity of process knowledge. Complete ad hoc analysis, reviews or reports within Divisions and Corporate functions as necessary.

Position Accountability / Scope
Individual contributor with comprehensive knowledge in the specific area. Works closely with Finance across functions to meet deadlines and to provide requested information as needed.  Adapts precedent and may make significant departures from traditional approaches to develop solutions. Ability to execute highly complex or specialized projects. The position will also have significant interaction with other financial management across the Divisions and Corporate functions.  Reports directly to Finance Manager.

Required Qualifications

  • Bachelor's degree in Accounting or Finance, Business Administration, Computer Science or a related discipline with a Finance or Accounting focus is required.  
  • Minimum 4 yearsâ experience with a basic understanding of specified functional area, or an equivalent combination of education and work experience

Preferred Qualification

  • Knowledge and application of financial concepts, procedures and practices.
  • Working experience with PAX, or other large systems a must (SAP or Cognos databases).
  • Apply professional concepts following company policies and procedures to solve routine problems and exercise independent decision making.
  • Candidates must have strong interpersonal communication and leadership skills with the ability to interact across various levels of finance personnel, including senior financial management.
  • Candidates must be able to manage multiple tasks and work in a dynamic environment. 
  • CPA or auditing experience with a major regional and/or Big 4 public accounting firm.

* 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 Twitter @AbbottNews and @AbbottGlobal.



The base pay for this position is $72,700.00 â $145,300.00. In specific locations, the pay range may vary from the range posted.