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Financial Analyst II at Abbott in St. Paul, MN
Skills
Job Description
JOB DESCRIPTION:
Financial Analyst II
Working at Abbott
At Abbott, you can do work that matters, grow, and learn, care for yourself and your 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.
- Employees can qualify for free medical coverage in our Health Investment Plan (HIP) PPO medical plan in the next calendar year.
- An excellent retirement savings plan with a 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 worldwide 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 the best place to work for diversity, working mothers, female executives, and scientists.
The Opportunity
This position works out of our St. Paul, MN location in the Electrophysiology Medical Device division. 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.
Required Qualifications
- 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.
Preferred Qualifications
- 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
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 X @AbbottNews.
The base pay for this position is
$61,300.00 – $122,700.00In specific locations, the pay range may vary from the range posted.
JOB FAMILY:
Financial Planning and Analysis
DIVISION:
EP Electrophysiology
LOCATION:
United States > Minnesota > St. Paul > Tech Center : One St Jude Medical Drive
ADDITIONAL LOCATIONS:
WORK SHIFT:
Standard
TRAVEL:
No
MEDICAL SURVEILLANCE:
No
SIGNIFICANT WORK ACTIVITIES:
Continuous sitting for prolonged periods (more than 2 consecutive hours in an 8 hour day), Continuous standing for prolonged periods (more than 2 consecutive hours in an 8 hour day), Keyboard use (greater or equal to 50% of the workday)Abbott is an Equal Opportunity Employer of Minorities/Women/Individuals with Disabilities/Protected Veterans.
EEO is the Law link - English: http://webstorage.abbott.com/common/External/EEO_English.pdf
EEO is the Law link - Espanol: http://webstorage.abbott.com/common/External/EEO_Spanish.pdf