Principal Financial Analyst

Abbott Laboratories hiring for Principal Financial Analyst jobs in Plymouth, MN, US

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.

Principal 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

This position works out of our Plymouth, MN location in the Structural Heart division.  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.

This position is a key value-added role within SH Operations Finance that partners with various levels of leadership to drive financial ownership, cost efficiency, and process improvement. You will be responsible for complex, timely, and accurate financial planning, forecasting, and reporting for the business. Additionally, you will be providing standard cost analysis, manufacturing network strategy, and process improvement.

What You’ll Work On

• Consolidate financials from various global manufacturing sites and Divisional cost centers and provide succinct effective communication to leadership on business performance to identify opportunities and drive improvement. Scope includes Month-End Close, Quarterly Forecasts, Annual Plan & Standard Costs.

• Develop budgets in support of Annual Plan and Quarterly Forecasts for Divisional 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 that can be improved and constructively propose new 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 Accounting, Finance, or related discipline

• 6+ years of Financial Planning and Analysis experience

• Advanced level of proficiency with Excel (e.g., Pivot tables, VLOOKUP, other functionalities)

• Proficiency with PowerPoint

• Excellent verbal and written communication skills with ability to communicate.

• Ability to articulate financial results based on audience.

• Strong analytical and critical thinking skills

• Accuracy and attention to detail

Preferred Qualifications

• Master’s Degree in Accounting, Finance, or related discipline

• Progressive accounting and/or financial planning and analysis experience in a cost accounting/manufacturing industry environment

• Experience with SAP ERP and Hyperion Planning/Essbase systems

• Ability to manage tight time commitments in high-pressure situations

• Ability to work effectively under uncertainties and flexibility to meet changing priorities in a proactive manner

• Strong results orientation and bias for action including a high degree of initiative

• Self-motivation in understanding business needs and leading others to meet those needs

* 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.

Connect with us at www.abbott.com, on Facebook at www.facebook.com/Abbott and on Twitter @AbbottNews and @AbbottGlobal.

The base pay for this position is $83,000.00 – $166,000.00. In specific locations, the pay range may vary from the range posted.