Abbott
Senior Financial Analyst, FP&A
Abbott, Saint Paul, Minnesota, United States, 55199
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.JOB DESCRIPTION:
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) 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 OpportunityThis position works out of our St. Paul, MN location in the Structural Heart division. Our business purpose is to restore health and improve quality of life through the design and provision of device and management solutions for the treatment of structural heart disease.This position is a key value-added role within SH
Commercial
Finance 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,
sales
strategy, and process improvement
.What
You’ll
Work OnDevelop detailed financial forecasts incorporating historic,
trended
and current business information.
Monitor functional and departmental spending versus budget by highlighting material variances using system generated detail and trend reports.
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 QualificationsBachelor’s Degree in Accounting
, Finance, or related discipline
4+ years of Financial Planning and Analysis experience
Advanced level of
proficiency
with Excel (e.g., Pivot tables, VLOOKUP, other functionalities)
Proficiency
with PowerPoint
Excellent verbal and written communication skills with ability to communicate.
Ability to articulate financial results based on audience.
Strong analytical and critical thinking skills
Accuracy and attention to detail
Preferred QualificationsMaster’s Degree in Accounting
, Finance, or related discipline
Progressive accounting and/or financial planning and analysis experience in a cost
accounting/manufacturing
industry environment
Experience with SAP ERP and Hyperion Planning/Essbase systems
Ability to manage tight time commitments in high-pressure
situations
Ability to work effectively under uncertainties and flexibility to meet changing priorities in a proactive
manner
Strong results orientation and bias for action including a high degree of
initiative
Self-motivation in understanding business needs and leading others to meet those
needs
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.comFollow 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 – $145,300.00
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 > Woodridge : 177 East County Rd B
ADDITIONAL LOCATIONS:
WORK SHIFT:
Standard
TRAVEL:
Not specified
MEDICAL SURVEILLANCE:
No
SIGNIFICANT WORK ACTIVITIES:
Continuous sitting for prolonged periods (more than 2 consecutive hours in an 8 hour day)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.pdfEEO is the Law link - Espanol: http://webstorage.abbott.com/common/External/EEO_Spanish.pdf#J-18808-Ljbffr
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) 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 OpportunityThis position works out of our St. Paul, MN location in the Structural Heart division. Our business purpose is to restore health and improve quality of life through the design and provision of device and management solutions for the treatment of structural heart disease.This position is a key value-added role within SH
Commercial
Finance 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,
sales
strategy, and process improvement
.What
You’ll
Work OnDevelop detailed financial forecasts incorporating historic,
trended
and current business information.
Monitor functional and departmental spending versus budget by highlighting material variances using system generated detail and trend reports.
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 QualificationsBachelor’s Degree in Accounting
, Finance, or related discipline
4+ years of Financial Planning and Analysis experience
Advanced level of
proficiency
with Excel (e.g., Pivot tables, VLOOKUP, other functionalities)
Proficiency
with PowerPoint
Excellent verbal and written communication skills with ability to communicate.
Ability to articulate financial results based on audience.
Strong analytical and critical thinking skills
Accuracy and attention to detail
Preferred QualificationsMaster’s Degree in Accounting
, Finance, or related discipline
Progressive accounting and/or financial planning and analysis experience in a cost
accounting/manufacturing
industry environment
Experience with SAP ERP and Hyperion Planning/Essbase systems
Ability to manage tight time commitments in high-pressure
situations
Ability to work effectively under uncertainties and flexibility to meet changing priorities in a proactive
manner
Strong results orientation and bias for action including a high degree of
initiative
Self-motivation in understanding business needs and leading others to meet those
needs
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.comFollow 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 – $145,300.00
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 > Woodridge : 177 East County Rd B
ADDITIONAL LOCATIONS:
WORK SHIFT:
Standard
TRAVEL:
Not specified
MEDICAL SURVEILLANCE:
No
SIGNIFICANT WORK ACTIVITIES:
Continuous sitting for prolonged periods (more than 2 consecutive hours in an 8 hour day)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.pdfEEO is the Law link - Espanol: http://webstorage.abbott.com/common/External/EEO_Spanish.pdf#J-18808-Ljbffr