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:
Job Title
Principal Financial Analyst
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
This position works out of our Pleasanton, CA office in the Heart Failure Division. In Abbott’s Heart Failure (HF) business, we’re developing solutions to diagnose, monitor and manage heart failure, allowing people to restore their health and get on with their lives.
We are seeking an experienced, high caliber Principal Financial Analyst who will focus on finance tasks supporting Heart Failure Operations for the Portland Manufacturing Site. This includes preparing financial budgets, workforce planning & analysis, assisting with monthly financial closing activities, analysis and review of operating results, assisting business partners with all required finance tasks, ad hoc analysis, and presentations. The candidate will also possess an aptitude for utilizing financial systems to drive submission, consolidation and analysis of the business (SAP, Hyperion, PowerBI, etc).
What You’ll Work On
- Exercise judgment in planning, organizing and performing work; monitors performance and reports status within area of responsibility with a bias towards early action and cost/benefit analysis.
- Develop budgets and forecasts in support of annual Plan and quarterly LBE (Latest Best Estimate) for Portland Operations. Perform variance analysis and identify key drivers in support of business performance improvement and strategic decision-making.
- Perform monthly accounting responsibilities for month-end close including journey entry preparation, spend/headcount review, variance analyses, and reporting of month end results to management.
- Conduct regular financial reviews with business partners to communicate financial performance and key business issues and provide valuable insight to help business achieve financial goals.
- Understand the business as a subject matter expert, represents the business in finance decisions.
- Once a year develop, create and load updated standard cost into SAP.
- Support the business in the preparation of capital purchase requisitions.
- Participate in ad hoc analysis and reporting as required by finance management and/or the groups supported.
- Comply with U.S. Food and Drug Administration (FDA) regulations, other regulatory requirements, Company policies, operating procedures, processes, and task assignments.
- Maintain positive and cooperative communications and collaboration with all levels of employees, customers, contractors, and vendors.
- Execute annual goals and objectives as defined by the HF Finance team.
Required Qualifications
- A bachelor’s degree in finance, accounting, a related field, or equivalent.
- 5+ years of finance experience with progressively more responsibility.
- Demonstrable experience utilizing finance software: SAP, Hyperion/Essbase, or other similar tools.
- Comprehensive knowledge of balance sheet transactions and their impacts on the income statement.
- Ability to prioritize deliverables for timely submissions and reviews.
- Advanced computer skills including spreadsheet, word processing, database management, and other relevant applications.
- Excellent oral and written communication skills with effective executive presence.
- Must be able to travel to Portland, OR once or twice per quarter to maintain strong relationships with business partners at the site.
Preferred Qualifications
- A qualified record of implementing new processes effectively and efficiently.
- In-depth knowledge and experience of GAAP.
- Documented record of delivering information that adds value to management’s decision-making process.
- Ability to meet the deadlines on multiple assignments.
- Must be able to perform in a diverse cross-functional team environment.
- Strong analytical and problem-solving skills to understand the “why” of business drivers.
- Ability to work independently and with senior management.
- Ability to communicate effectively across all levels of the organization.
- 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.
- An advanced credential, such as an MBA, CPA, CMA, or CPIM designation or equivalent.
- Prior standard cost and cost accounting experience.
Apply Now
Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives: www.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 www.abbott.com, on Facebook at www.facebook.com/Abbott, and on Twitter @AbbottNews.
The base pay for this position is
$100,000.00 – $200,000.00
In specific locations, the pay range may vary from the range posted.
JOB FAMILY:
Financial Planning and Analysis
DIVISION:
HF Heart Failure
LOCATION:
United States > Pleasanton : 6035 Stoneridge Dr
ADDITIONAL LOCATIONS:
WORK SHIFT:
Standard
TRAVEL:
Yes, 10 % 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