Abbott Laboratories Hiring for Manager Financial Planning and Analysis Job at Menlo Park, CA Full Time

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 113,000 colleagues serve people in more than 160 countries.

Position Summary

Responsible for financial planning, reporting and analysis.

Prepares financial plans and forecasts based on performance expectations.

Gathers and publishes financial information related to historical, current and future performance.

Performs financial analysis utilizing appropriate financial concepts and techniques. Recommends alternative courses of action.

Main Responsibilities

Develop detailed financial forecasts incorporating historic, trended and current business information.

Monitor functional and departmental spending versus budget by highlighting material variances using system generated detail and trend reports.

Prepare journal entries and assist in month end close as needed to ensure proper accounting at the functional and departmental level.

Prepare and distribute financial reports and packages by gathering and analyzing information related to current performance.

• Provide financial analysis and reporting support to manufacturing site (operations, quality, facility functional areas).

• Collaborate with site management to support shop floor control and inventory management processes.
• Lead SAP cost roll for existing and new materials and products.
• Support projects that impacts financial systems (SAP, Hyperion). Understands how business process drives financial data, and drive for efficiency.
• Design and generate reports and metrics to help site management decision making.

Perform financial analysis, as directed by management, and recommend alternatives courses of action by utilizing appropriate financial tools.

(e.g. EVA, NPV analysis).

Develop and utilize sound financial processes.

Accountability

Understands business environment and relates extensive knowledge of internal and external activities to trends.

Interfaces with a variety of management levels on significant matters, often requiring the coordination of activity across organizational units.

Participates in the development of others by facilitating training and providing feedback and guidance.

May lead a project team.

Provides technical leadership to business units.

Acts as a mentor to less-experienced staff.

Exercises judgment independently. – Plans and organizes project assignments of substantial variety and complexity.

Initiates or maintains schedule for projects and project milestones.

Establishes priorities of individual or project assignments. – Selects methods and techniques to lead a project to completion.

Erroneous decisions or recommendations would typically result in failure to achieve organizational objectives. – Work is performed without appreciable direction.

Exercises considerable latitude in determining technical objectives of assignment.

Completed work is reviewed from a relatively long- term perspective, for desired results.

Qualifications

Four-year degree or equivalent experience in financial planning and analysis. Equivalent experience is defined as six years combined experience in the above areas. Advanced degree preferred. 8+ years’ experience in financial planning and analysis (in addition to equivalent experience listed above, if applicable).

Cost accounting and forecasting experience in a manufacturing environment preferred.

SAP/Hyperion experience preferred.