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.
JOB DESCRIPTION:
Senior 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. You’ll also have access to:
- Career development with an international company where you can grow the career you dream of.
- Employees can qualify for free medical coverage in our Health Investment Plan (HIP) PPO medical plan in the next calendar year.
- 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 bachelor’s 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 New Brighton, MN location in the Structural Heart division.
Structural Heart Business Mission: Why We Exist
Our business purpose is to restore health and improve quality of life by designing and providing device and management solutions for treating structural heart disease.
The Senior Financial Analyst is responsible for financial planning, reporting and analysis. Partners with Commercial functional teams to prepare 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. Recommends alternative courses of action.
What You’ll Work On
- Partner with functional teams to develop detailed financial forecasts incorporating historic, trended and current business information. Perform variance analysis and identify key drivers in support of business decisions with comparisons to relevant benchmarks.
- Monitor functional and departmental spending versus budget by highlighting material variances using system generated detail and trend reports. Conduct regular financial reviews with business partners to explain financial performance and make recommendations aligned with overall strategy and financial commitments.
- Prepare journal entries and assist in month end close as needed to ensure proper accounting at the functional and departmental level.
- Prepare and distribute financial reports and packages by gathering and analyzing information related to current performance.
- Perform financial analysis, as directed by management, and recommend alternatives courses of action by utilizing appropriate financial tools . (e.g. EVA, NPV analysis).
- Evaluate new business opportunities, potential acquisitions, new products, tax planning and spending initiatives by modeling alternative financial scenarios (e.g. revenues, profitability etc).
- Prepare sensitivity analysis impact on revenue, expenses and profitability by modeling changes in key variables (recommending appropriate course of action).
- Develop and utilize sound financial processes.
- Establishes and cultivates an extensive network of support to facilitate completion of assignments. Participates in the development of less experienced staff by setting an example, providing guidance, and offering counsel. May lead a project team. Participates in determining goals and objectives for projects. Influences middle management on technical or business solutions. May interact with vendors.
- Plans and organizes non-routine tasks w/approval. Initiates or maintains work schedule. Establishes priorities of work assignments.
- Exercises judgment in selecting innovative, practical methods to achieve problem resolution. Failure to obtain results or erroneous decisions or recommendations would typically result in serious delays and considerable expenditure of resources.
- Works under minimal supervision. Independently determines and develops approach to solutions. Work is reviewed upon completion for adequacy in meeting objectives.
Required Qualifications
- Bachelor’s degree in finance, accounting or a related field
- Minimum of four years’ experience in financial planning and analysis
Preferred Qualifications
- Master’s degree preferred
- Experience working with SAP in a business or financial environment
- Medical device experience supporting business, finance, or functional teams
- Power BI experience, particularly for reporting and data visualization
- Experience with Hyperion Planning and Dodeca Essbase Add-in.
- Experience with Microsoft Suite (Excel, PPT, Word, etc.)
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
$78,000.00 – $156,000.00
In specific locations, the pay range may vary from the range posted.
JOB FAMILY:
Financial Planning and Analysis
DIVISION:
SH Structural Heart
LOCATION:
United States > Minnesota > St. Paul : 1225 Old Highway 8 NW
ADDITIONAL LOCATIONS:
WORK SHIFT:
Standard
TRAVEL:
No
MEDICAL SURVEILLANCE:
No
SIGNIFICANT WORK ACTIVITIES:
Continuous sitting for prolonged periods (more than 2 consecutive hours in an 8 hour day), Continuous standing for prolonged periods (more than 2 consecutive hours in an 8 hour day), Keyboard use (greater or equal to 50% of the workday)
Abbott is an Equal Opportunity Employer of Minorities/Women/Individuals with Disabilities/Protected Veterans.
EEO is the Law link - English: http://webstorage.abbott.com/common/External/EEO_English.pdf
EEO is the Law link - Espanol: http://webstorage.abbott.com/common/External/EEO_Spanish.pdf