Financial Planning and Analysis Manager

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 115,000 colleagues serve people in more than 160 countries.Financial Planning and Analysis ManagerDes Plaines, ILAbout AbbottAbbott is a global healthcare leader, creating breakthrough science to improve people’s health. We’re always looking towards the future, anticipating changes in medical science and technology.Working at AbbottAt Abbott, you can do work that matters, grow, and learn, care for yourself and family, be your true self and live a full life. You’ll 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) PPOAn excellent retirement savings plan with high employer contributionTuition reimbursement, the Freedom 2 Save student debt program and FreeU education benefit - an affordable and convenient path to getting a bachelor’s 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 of our Des Plaines, IL Headquarters of Abbott Molecular, We are a division of Abbott Laboratories, a global, diversified healthcare innovator with a legacy of pioneering work in medical diagnostics.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 103,000 colleagues serve people in more than 160 countries.We are seeking a Financial Planning and Analysis Manager to join our team. We’re looking for a highly motivated individual who will help lead creation of a center of excellence in planning and analysis, continuously drive to make improvements, challenge the status quo, and help to move the organization forward through execution of timely, accurate, and high-quality financial planning and analysis framework.  WHAT YOU WILL DO:  The Manager of Financial Planning and Analysis (FP&A) is a key finance stakeholder who works across commercial, operations, R&D and global functions leading planning, forecasting, and consolidation processes across the division, aiding division senior members in insightful decision making.The individual in this role will be the central liaison between corporate and division functions. He or she will coordinate development and implementation of financial and operational plans, rolling forecast, and assist in setting financial targets, taking into consideration risks and opportunities, proper allocation of revenue, expense, and capital to ensure achievement of management’s strategic goals and priorities.In collaboration with business partners, this role will partner on reporting of various performance management dashboards and creation of relevant KPIs that enable timely and disciplined management of ongoing business.The role and the team under its management will be charged with creation of optimized, standardized processes and procedures that enable efficient executive reporting packages, provide insightful global and area analytics for P&L and Balance Sheet, and drive excellence in overall planning and forecasting processes.The team will lead analysis of historical financials, variance explanations of business drivers, and help identify what levers may be pulled to optimize performance and meet business goals.The individual in this role will lead well supported, high quality Latest Best Estimates (LBEs) and Confirmation forecast processes taking into consideration possible scenario analysis.The individual in this role will also be responsible for maintaining controls to ensure integrity of assets and compliance with GAPP and ensure compliance with Corp/Div. financial policies and procedures.The role will also provide business decision support, as required, including value added profitability analysis for new products, launches, instrument placements, areas and/or product lines to influence and counsel business stakeholders on appropriate business strategies and decisions.The position will be responsible for maintaining and developing system solutions and process improvements that meet the needs of the financial planning and reporting requirements.The Manager of FP&A will have supervisory responsibility in overseeing support for the Global Services, Global Marketing, and Global Commercial Excellence functions and will be responsible for management and development of staff.EDUCATION AND EXPERIENCE, YOU’LL BRING:Required:Bachelor’s Degree in Finance and/or Accounting or Business / Economics. CPA/MBA preferred.Minimum 8 years of financial experience in the areas of Financial Analysis & Reporting, Cost Accounting, Auditing and/or Treasury.Preferred Experience: High proficiency in Microsoft Office Suite (Excel and Power Point).Advanced Excel and financial modeling skills required.Prior experience with financial systems (SAP, HFM, TM1, etc.)Prior experience in financial planning and analysis functions at corporate or divisional level preferred.Strong analytical and problem-solving skills with attention to details.Self-starter, with a track record of developing new systems, processes, and analytics.Excellent communication skills, and ability to influence at different levels of management.Highly organized, strong management and interpersonal skills are required with individuals in a variety of positions both inside and outside the Division.Problem solving is a key activity of this position requiring the individual to work collaboratively in a complex and matrixed organization with diverse challenges.Most challenges encountered require critical thinking combined with experienced judgment and the ability to translate business problems/opportunities on a financial basis effectively to all levels of the organization.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:  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 , on Facebook at and on Twitter @AbbottNews and @AbbottGlobal.The base pay for this position is $102,700.00 – $205,300.00. In specific locations, the pay range may vary from the range posted.Job SummaryJob number: 31057856Date posted : 2023-06-29Profession: FinanceEmployment type: Full time