Cost Financial Analyst - Diagnostics

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:

About Abbott

Abbott is a global healthcare leader, creating breakthrough science to improve people’s health. We’re always looking towards the future, anticipating changes in medical science and technology.

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

The Cost Financial Analyst will work out of our Irving, TX location in the Diagnostics Division. Our diagnostic solutions are used in hospitals, laboratories and clinics around the globe. The crucial information derived from our tests, instruments and informatics systems are often the first step in patient care decision making for hundreds of health conditions from heart attacks to blood disorders to infectious diseases and cancers.

What You’ll Work On

The role is responsible for supporting key aspects of our cost and operational accounting processes, ensuring accurate financial reporting, and sustaining a strong internal control environment across multiple operational areas.

The position plays a critical role in month‑end close, fixed asset management, inventory and costing activities, capital and expense tracking, and ongoing balance sheet integrity. You will partner closely with cross‑functional teams to deliver timely, accurate financial insights while ensuring compliance with accounting policies and operational requirements.

Primary Job Functions:

• Lead and support fixed asset accounting activities, including annual physical inventory, asset additions, retirements, transfers, and providing cross‑functional guidance on asset management practices.
• Manage Construction in Progress (CIP) and capital project accounting, including tracking project actuals and accruals, and partnering with project owners to ensure proper classification, reporting, and reconciliation of capital spending and related expenses.
• Assist with month‑end close activities, including preparation of recurring journal entries, accruals, reclasses, cost allocations, and supporting analysis.
• Maintain accurate standard costs through daily and monthly cost roll ups for raw materials, including ADMS updates, price list updates, and coordination of TP (Transfer Price) requests.
• Oversee material movement accuracy by monitoring receipts, consumption, withdrawals, and supporting cycle counts, ABC stratification, and inventory audit procedures.
• Manage all consigned inventory processes, including usage invoicing, vendor coordination, monthly reconciliations, and compliance with consignment accounting requirements.
• Prepare monthly account reconciliations for key balance sheet categories including inventory, AP/AR, CIP, prepaids, tariffs, consignment balances, freight, and other accrued liabilities.
• Collaborate effectively with cross‑functional teams and communicate clearly to identify issues, challenge assumptions, and drive accurate and timely financial results.

Education and Experience

• Bachelor’s Degree in Accounting or Finance, CPA is a plus
• Minimum 2 years experience in accounting/finance recording journal entries and working with general ledge
• Minimum 1 year working with accounting/finance software; Can work with Excel, Power Point, and Oracle ERP applications
• Requires in-depth knowledge of accounting regulations and solid knowledge of operational accounting  issues. 
• 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
• Multitasks, prioritizes and meets deadlines in timely manner
• Strong organizational and follow-up skills, as well as attention to detail
• Strong verbal and written communications with ability to effectively communicate at multiple levels in the  organization
• Experience working in a broader enterprise/cross-division business unit model preferred
• Good analytical and problem-solving abilities

Apply Now

Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives: https://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 abbott.com, on LinkedIn at https://www.linkedin.com/company/abbott-/, and on Facebook at https://www.facebook.com/AbbottCareers.

The base pay for this position is

$61,300.00 – $122,700.00

In specific locations, the pay range may vary from the range posted.

     

JOB FAMILY:

Accounting & Reporting

DIVISION:

CRLB Core Lab

LOCATION:

United States > Irving : LC-8

ADDITIONAL LOCATIONS:

WORK SHIFT:

Standard

TRAVEL:

Yes, 5 % of the Time

MEDICAL SURVEILLANCE:

No

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.

     

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