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 109,000 colleagues serve people in more than 160 countries.
Financial Analyst - St. Paul, MN
Leading an active lifestyle is important to the many people we serve. In Abbott's ELECTROPHYSIOLOGY & HEART FAILURE division, we're advancing the treatment of heart and vascular disease through breakthrough medical technologies in EP/HF, allowing people to restore their health and get on with their lives.
WHAT YOU'LL DO
We are recruiting for a Financial Analyst to join our team in the St. Paul, MN location. In this role, you will be responsible for the consolidation and reporting of results on a monthly basis, as well as for budget cycles, and for any ad hoc analysis requested from leadership. You will have an intimate understanding of the activity and variances being produced to be able to speak knowledgably when answering questions from leadership. You will also be responsible for preparing financial presentation content for executive meetings and participating in ad hoc projects or assignments
Provides cost planning, analysis and reporting to management for assigned manufacturing site/s which likely includes: setting production cost standards for labor and material, maintaining and updating standard cost files, partnering with manufacturing entity managers to develop and track budgets, updating forecasts, providing variance analysis, providing product cost analysis, etc.
Provides sophisticated reporting to management due to extensive knowledge of the finance systems and high familiarity with the business operations.
Based on reporting and analysis, makes recommendations to finance management to save costs, scale for the future and maintain data accuracy. This may include recommendations relating to purchase price, scrap, inventory cycle counts, etc.
Serves as finance subject expert for assigned manufacturing entity/ies and leads special projects as assigned by finance management.
Executes annual goals as assigned based on manufacturing site operating plans and finance department needs.
Completes month-end activities including journal entry preparation, variance analysis, and reporting to finance department leadership.
Actively monitors balance sheet accounts through account reconciliation preparation for finance department leadership approval.
Support all Company initiatives as identified by management and in support of Quality Management Systems (QMS), Environmental Management Systems (EMS), and other regulatory requirements.
Complies with U.S. Food and Drug Administration (FDA) regulations, other regulatory requirements, Company policies, operating procedures, processes, and task assignments. Maintains positive and cooperative communications and collaboration with all levels of employees, customers, contractors, and vendors.
EDUCATION AND EXPERIENCE YOU'LL BRING
Bachelor's Degree in Finance, Accounting, Business Administration or related field
3+ years of experience performing financial and variance analysis, forecasting, planning, product costing and analysis, and/or financial modeling
Proficient with MS Office Suite (Word, Excel and PowerPoint)
Demonstrated experience working with financial system applications
Strong verbal and written communications with ability to effectively communicate at multiple levels in the organization.
Advanced level degree(s) in Finance, Accounting, Business Administration or related field
Experience performing cost analysis
Medical device experience
Previous experience working in a highly matrixed and geographically diverse business environment
Working knowledge of Hyperion Essbase, Dodeca, Tableau, and/or SAP
WHAT WE OFFER
At Abbott, you can have a good job that can grow into a great career. We offer:
Training and career development, with onboarding programs for new employees and tuition assistance
Financial security through competitive compensation, incentives and retirement plans
Health care and well-being programs including medical, dental, vision, wellness and occupational health programs
Paid time off
401(k) retirement savings with a generous company match
The stability of a company with a record of strong financial performance and history of being actively involved in local communities
Follow your career aspirations to Abbott for diverse opportunities with a company that provides the growth and strength to build your future. Abbott is an Equal Opportunity Employer, committed to employee diversity.
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 109,000 colleagues serve people in more than 160 countries.