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Financial Analyst



IT, Accounting & Finance
Westfield, IN, USA
Posted on Monday, July 1, 2024

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.

Financial Analyst

Working at Abbott

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.
  • Free medical coverage for employees* via the Health Investment Plan (HIP) PPO
  • 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

We are currently recruiting for a Financial Analyst to support Abbott’s Structural Heart (SH) Division in Westfield, IN. This position supports Manufacturing Operations and will partner with various levels of leadership to drive financial ownership, cost efficiency, and process improvement.

This position will be responsible for timely and accurate financial planning, forecasting, reporting and financial controls. Understand and apply complex concepts. Identify risks, propose recommendations and solutions to issues. Implement solutions for problem resolution. Additionally, this position will support standard cost analysis and manufacturing strategy.

Our business purpose is to restore health and improve quality of life through the design and provision of device and management solutions for the treatment of structural heart disease.

What You'll Work On

· Month-End Close, Quarterly Forecasts, Annual Plan & Standard Costs.

· Develop budgets in support of Annual Plan and Quarterly Forecasts for Operations cost centers. Perform variance analysis and identify key drivers in support of business decisions. Conduct regular financial reviews with business partners to communicate financial performance and business issues. Provide valuable insight to influence business to achieve financial goals.

· Execute Month-End Close process including journal entries preparation, spending/headcount review, variance analyses, and reporting of monthly results to management.

· Provide ad-hoc analyses to support complex decision making within global manufacturing operations and present recommendations to management. Serve as financial lead in cross-functional team environments.

· Identify areas of improvement and constructively propose innovative solutions that drive efficiencies. Develop and utilize sound financial processes to drive improved business performance.

· Support ad hoc internal and external audit requests.

Required Qualifications:

· Bachelor’s Degree in Business Administration, Finance, Accounting, or related field.

· 3-5 years of full-time finance and/or accounting experience.

· Intermediate computer applications (MS Excel, MS PowerPoint).

· Excellent verbal and written communication skills with ability to effectively communicate at multiple levels in the organization.

· Strong analytical, problem solving, variance analysis skills, accuracy, and attention to details.

· Ability to learn system software and databases quickly (SAP, Essbase, Business Objects).

Preferred Qualifications:

· Medical device industry experience.

· Experience in, or directly supporting, manufacturing/supply chain/plant operations.

· Experience with SAP, Business Objects, and Hyperion SmartView/Essbase.

Apply Now

* Participants who complete a short wellness assessment qualify for FREE coverage in our HIP PPO medical plan. Free coverage applies in the next calendar year.

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.

The base pay for this position is $57,300.00 – $114,700.00. In specific locations, the pay range may vary from the range posted.