Finance Supervisor Global Supply Chain

1 day ago

Lake Forest, Illinois, United States Abbott Laboratories company Full time
About Abbott

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.

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. 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) 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 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 in our facilities of Lake Forest IL in the Core Diagnostics Division.

We're 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 Abbott's diagnostics instruments, providing lab results for millions of people.

What You'll Work On

This Finance Supervisor, Global Supply Chain role provides a unique opportunity to gain experience and insight into the Core Diagnostics Global Supply Chain Organization and is a key member of the Global Manufacturing Operations Finance team. This role acts as a financial partner for the Global Purchasing organization and is the financial subject matter expert on Third Party Manufactured (TPM) Reagents, with Financial Planning & Accounting responsibilities, including Standard Cost development and analysis, operating variance analysis and inventory analysis. Additional financial responsibilities include analytics and presentation development during the Abbott planning cycles, month end close accounting entries, variance analysis and support for significant on-going business decisions. Additionally, as a Headquarters role, this position offers an international perspective with responsibility for the global consolidation of Supply Chain financial data.

Main Responsibilities Include:
  • End to end Standard Costing for Core Diagnostics TPM Reagents, including development of fully burdened standards, cost change analysis, development and delivery of presentation for management review.
  • Ownership of P&L and Balance Sheet forecasting and reporting cycles through close communication with our business partners in Global Purchasing and Global Demand Planning. This role supports >$600MM in annual purchases and serves as the Finance expert and go-to person for these key areas.
  • Drive value added insights through the preparation of various management presentations, financial modeling, financial analyses, and related consultation to senior divisional management in planning and achieving short- and long-term financial objectives.
  • Review and drive Actual financial data during month-end close, including journal entry preparation, variance analysis and month end reporting.
  • Preparation of monthly Supply Chain intercompany deferred margin package.
  • Leads the global consolidation of Supply Chain financial data, including high level commentary.
  • Preparation of monthly foreign currency purchase forecast to support Treasury hedging activities.
  • Lead analyst to support external financial audit requests for US Distribution.
  • Other P&L/Balance Sheet analysis as needed.
Required Qualifications
  • Bachelor's degree with concentration in accounting or finance.
  • 4-6 years of finance Corporate Finance/Accounting experience to include roles of increasing responsibility in accounting and/or finance.
Preferred Qualification
  • Prior cost accounting and/or financial planning experience preferred.
  • Demonstrated ability to provide data and analysis to support decision making, methodical approach to problem solving and rational ideas supporting them, ability to keep learning and to teach others, traditional accounting knowledge and facilitator of management needs, streamlining functions within the department and an efficient work ethic.
  • Strong written and verbal communication; ability to communicate technical accounting concepts clearly and concisely with non-finance partners.
  • Prior experience with Symphony/SAP and TM1 (or similar financial planning systems).

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 $83,000.00 $166, In specific locations, the pay range may vary from the range posted.

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