Financial Analyst

Financial Analyst

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

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.
• 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 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 Financial Analyst position works out of our Maple Grove, MN location in the Medical Devices Division. Our medical devices help more than 10,000 people have healthier hearts, improve quality of life for thousands of people living with chronic pain and movement disorders.

We are seeking an experienced, high caliber Financial Analyst, supporting the Global Clinical Affairs organization. This position will focus on Finance tasks related to Direct Study planning and analysis. This includes Monthly Variance and Planning Cycle reporting and analysis, month end journal entries and accruals, and assisting Clinical staff with all required finance tasks. We have a diverse group with varying skill sets that require direct guidance, support and monitoring. This role will also conduct financial planning, analysis and reporting activities for the assigned studies and operating expenses. This role will provide input to leadership to reach expense targets and achieve annual operating plan commitments.

What You'll Work On

Responsible for financial and economic analysis and forecasting and for evaluating alternate financial plans.

• Coordination of Global Clinical Studies Plan, LBE, and Month end processes including creation and distribution of planning assumptions for all Clinical Studies worldwide. This requires extensive interface and coordination with each Medical Device Division Business Unit (BU), as well as interacting directly with key local accounting groups and global clinical staff and leaders.
• Ensures completeness and accuracy of the financial plans.

• Responsible for the month end close tasks including accruals for ongoing expenses as incurred for various cost centers in many geographies throughout Europe, Asia Pacific and Japan.
• Prepares and analyzes actual operating results compared to plan and forecast and verifies, investigates and quantifies variances and their impact. Provides month end analysis and commentary related to the financial close cycle.

• Assist with file maintenance and roll forward process monthly and quarterly based on LBE calendar.
• Provides standard reports to management due to solid knowledge of finance systems and familiarity of the entity operations.
• Complete and execute various data validation and review processes to ensure financial information is accurately captured.
• Prepare in-depth evaluations of plans and identify new methods of analysis and presentation.
• Responds to ad hoc financial requests and special projects as assigned by finance management.
• Key contributor to the financial planning processes.
• Executes annual goals as assigned based on entity/ies operating plans and department needs.
• Results from the incumbent's work are submitted directly to MDD Business Unit finance leadership to be used in consolidating MDD Business Unit financial plans.
• 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.

Required Qualifications

• Bachelors' Degree in Finance or Accounting (preferred)
• A minimum of 2+ years of progressively responsible experience in financial planning and analysis.

Preferred Qualifications

• Experience in a medical device industry preferred.
• Strong experience and proficiency with finance/accounting related software packages. Advanced Excel skills and Hyperion Essbase strongly preferred.
• Experience working in a broader enterprise/cross-division business unit model preferred.
• Ability to work in a highly matrixed and geographically diverse business environment.
• Ability to work within a team and as an individual contributor in a fast-paced, changing environment.
• Ability to leverage and/or engage others to accomplish projects.
• Strong verbal and written communications with ability to effectively communicate at multiple levels in the organization.
• Multitasks, prioritizes and meets deadlines in timely manner.
• Strong organizational and follow-up skills, as well as attention to detail.
• Ability to travel approximately 5%, including internationally

The base pay for this position is $60,000.00 $120,000.00 In specific locations, the pay range may vary from the range posted.

Job Family: Financial Planning and Analysis

Division: MD Medical Devices

Location: United States > Maple Grove : 6820 Wedgwood Road N.

Additional Locations:

Work Shift: Standard

Travel: Yes, 5 % of the Time

Medical Surveillance: Not Applicable

Significant Work Activities: Continuous sitting 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.