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Job Description
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..About Abbott* 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 + Tuition reimbursement, the Freedom 2 Save (https://www.abbott.com/corpnewsroom/strategy-and-strength/tackling-student-debt-for-our-employees.html) student debt program and FreeU (https://www.abbott.com/corpnewsroom/strategy-and-strength/college-degree-for-free-its-possible-with-freeu.html) 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 Lake Forest IL location in the Diagnostics Division. We’re empowering smarter medical and economic decision making to help transform the way people manage their health at all stages of life. Every day, more than 10 million tests are run on Abbott’s diagnostics instruments, providing lab results for millions of people..What You’ll Work On* Partner with the Digital Healthy Systems (DHS) teams to create and maintain sales forecasts for the annual Plan, monthly IBPs, and quarterly LBEs. This includes coordinating regular meetings with business teams, consolidation of regional data, challenging assumptions, and using professional judgement to create a forecast. Own the DHS P&L, including price/volume/mix analytics, and expense analysis. Investigate any significant variances and look for opportunities to improve margin. Own the DHS reporting to the Global DHS and Global Commercial Organization teams. Collaborate with Commercial Excellence to understand pipeline, forecast revenue and P&L, understand and challenge key assumptions. Identify and communicate any gaps or issues in achieving targets. LBE system load submissions. Develop ad-hoc business analysis and present recommendations to non-finance business partners. Provide financial expertise and business decision support in evaluating and identifying the key issues and gaps in business performance and emerging business needs, deliver analyses that provide a foundation for management understanding and action. Develop flexible, comprehensive tools to support commercial program proposals focused on ROI and fully burdened margin profitability to support various business needs, including training to improve the financial understanding of the key nonfinancial commercial management & staff. Maintain and develop system solutions and process improvements that meet the needs of the financial planning & reporting requirements. Facilitate the monthly area close process and resolution of close issues, including revenue recognition software calculations and supporting documentation. Own the balance sheet LBE forecasting and actuals reporting for the US Commercial Organization, including analysis and commentary provided to the Global Commercial Organization. Ensure appropriate integrity and reasonableness of financial data as well as compliance with Corporate & Division financial policies and procedures. Responsible for adherence to Abbott accounting policies and procedures (CFMs) and Sarbanes Oxley requirements. Meet timing and quality standards to facilitate effective senior management review and decision-making. This role is involved in special projects with the Finance Director and other members of the commercial team and is expected to proactively look for ways to improve the planning and reporting processes..Required Qualifications* Bachelor’s degree with concentration in accounting or finance or an equivalent combination of education and work experience. 4 years of finance experience to include roles of increasing responsibility in accounting and/or finance Demonstrated ability to provide data and analysis to support decision making, methodical approach to problem solving and rational ideas supporting them, ability to keep learning and to teach others, traditional accounting knowledge and facilitator of management needs, streamlining functions within the department..Preferred Qualifications* High proficiency in Microsoft office suite, primarily Microsoft Excel and Power Point. Proficiency in TM1, Cognos and SAP is a plus. Ability to operate independently with broad scope of responsibility under minimal supervision and under challenging time constraints. Oral and written ability to communicate clearly, concisely and accurately with all levels of the organization. Ability to facilitate interpretation and understanding of data, identify risks, develop recommendations and implement solutions. Master’s degree/CPA.. 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 (http://www.abbottbenefits.com/pages/candidate.aspx) 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. An Equal Opportunity Employer Abbot welcomes and encourages diversity in our workforce. We provide reasonable accommodation to qualified individuals with disabilities. To request accommodation, please call 224-667-4913 or email (see below)
