Financial Analyst Job
Job Description Job Attributes+
St. Paul, MN, US
40 hours per week
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 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.
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.
This position works out of our Tech Center located in St. Paul, MN. 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.
In this role, you will be responsible for the consolidation and reporting of results on a monthly basis, as well as for budget cycles, and for any ad hoc analysis requested from leadership. You will have an intimate understanding of the activity and variances being produced to be able to speak knowledgably when answering questions from leadership. You will also be responsible for preparing financial presentation content for executive meetings and participating in ad hoc projects or assignments.
What You’ll Work On
Provides cost planning, analysis and reporting to management for assigned manufacturing site/s which likely includes: setting production cost standards for labor and material, maintaining and updating standard cost files, partnering with manufacturing entity managers to develop and track budgets, updating forecasts, providing variance analysis, providing product cost analysis, etc.
Provides sophisticated reporting to management due to extensive knowledge of the finance systems and high familiarity with the business operations.
Based on reporting and analysis, makes recommendations to finance management to save costs, scale for the future and maintain data accuracy. This may include recommendations relating to purchase price, scrap, inventory cycle counts, etc.
Serves as finance subject expert for assigned manufacturing entity/ies and leads special projects as assigned by finance management.
Executes annual goals as assigned based on manufacturing site operating plans and finance department needs.
Completes month-end activities including journal entry preparation, variance analysis, and reporting to finance department leadership.
Actively monitors balance sheet accounts through account reconciliation preparation for finance department leadership approval.
Support all Company initiatives as identified by management and in support of Quality Management Systems (QMS), Environmental Management Systems (EMS), and other regulatory requirements.
Complies with U.S. Food and Drug Administration (FDA) regulations, other regulatory requirements, Company policies, operating procedures, processes, and task assignments. Maintains positive and cooperative communications and collaboration with all levels of employees, customers, contractors, and vendors.
Bachelor’s Degree in Finance, Accounting, Business Administration or related field
3+ years of experience performing financial and variance analysis, forecasting, planning, product costing and analysis, and/or financial modeling.
Proficient with MS Office Suite (Word, Excel and PowerPoint)
Demonstrated experience working with financial system applications.
Strong verbal and written communications with ability to effectively communicate at multiple levels in the organization.
Advanced level degree(s) in Finance, Accounting, Business Administration or related field
Experience performing cost analysis.
Medical device experience
Previous experience working in a highly matrixed and geographically diverse business environment.
Working knowledge of Hyperion Essbase, Dodeca, Tableau, and/or SAP
* 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 $56,700.00 – $113,300.00. In specific locations, the pay range may vary from the range posted.
- financial modeling
- variance analysis
- account reconciliation
- ad hoc analysis
- cost analysis
- financial system applications
- hyperion essbase
- business administration
- product costing
- regulatory requirements
- quality management
- quality management systems
- ability to effectively communicate
Who We Are
PUT YOUR TALENTS TO WORK
Abbott values the leadership skills developed through military service and we have a broad range of functional areas to put your talents to work. Our organization is making a difference in the lives of the people we serve with a diverse offering of healthcare products. We have a strong veteran employee community to help with your transition from the military to the corporate world.