Financial Analyst II

Job ID: Company: Abbott LaboratoriesLocation: United States - Minnesota - MinnetonkaJob Type: Full timeCategory: FinanceIndustry: HealthcarePosted Date: 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 122,000 colleagues serve people in more than 160 countries.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) PPOAn excellent retirement savings plan with high employer contributionTuition 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 OpportunityWe are recruiting for a Financial Analyst II to join our team in our Minnetonka, MN location with the Electrophysiology Medical Devices team. In Abbott’s Electrophysiology (EP) business, we’re advancing the treatment of heart disease through breakthrough medical technologies in atrial fibrillation, allowing people to restore their health and get on with their lives.The Financial Analyst II is responsible for financial planning, reporting and analysis. They will prepare financial plans and forecasts based on performance expectations. They will gather and publish financial information related to historical, current and future performance. The Financial Analyst II will perform financial analysis utilizing appropriate financial concepts and techniques, or will recommend alternative courses of action.What You’ll WorkDevelop 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. ROI, NPV analysis).Evaluate new business opportunities, potential acquisitions, new products, tax planning and spending initiatives by modeling alternative financial scenarios (e.g. evenues, profitability etc).Prepare sensitivity analysis impact on revenue, expenses and profitability by modeling changes in key variables.Develop and utilize sound financial processes.Cultivates a wide range of internal networks and begins to develop an external network of resources to facilitate completion of tasks.May demonstrate basic project management skills by acting as a project lead on small, well defined projects.Provides guidance to less experienced staff.Influence exerted at peer level and occasionally at first levels of management.Plans, organizes, and prioritizes own daily work routine to meet established schedule.Exercises authority and judgment within defined limits to determine appropriate action.Failure to achieve results or erroneous decisions or recommendations may cause delays and may result in the allocation of additional resources.Works under general supervision.Receives limited supervision on standard issues, and detailed instructions on new assignments. Work is reviewed for soundness of judgment, overall adequacy and accuracy.Required QualificationsBachelor’s degree in finance, Accounting, Business or related field3+ years of combined experience in financial planning and analysisProficient with MS Office Suite (Excel, PowerPoint and Word)Demonstrated experience working with financial system applicationsStrong verbal and written communication skillsStrong attention to detailPreferred QualificationsMBA, CPA or CMA preferredWorking knowledge of Hyperion Essbase and/or SAPAbility to work effectively and with flexibility under uncertainty and changing prioritiesLearn 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 $68,000.00 – $136,000.00. In specific locations, the pay range may vary from the range posted.Skillsfinancial planningfinancial analysisfinancial reportingforecastingjournal entriesmonth-end closesensitivity analysisvariance analysisroi analysisnpv analysishyperion essbasesapms excelms powerpointms wordproject managementtax planningbusiness opportunity evaluationcpacmamba