Senior Financial Analyst

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.

Senior 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 St Paul, MN location in the Electrophysiology medical device divisions. 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.

We are currently recruiting for a Senior Operations Cost Analyst to join our team in the St. Paul, MN location. In this role, you will be providing cost planning, analysis, and reporting to leadership for assigned manufacturing entities, as well as making recommendations to reduce costs, scale for the future, and meet regulatory compliance.

What You’ll Work On

• Provides cost planning, analysis and reporting to management for assign 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, work order volume, 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.
• Provides month end reporting to finance department leadership.
• Executes reporting based on pre-established schedules for quarterly corporate reporting, external audits and internal audits.
• 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
• 4+ years of experience in accounting and/or finance in a manufacturing environment, including experience in cost analysis and reporting, working with inventory and COGS, cycle counting, establishing and maintaining standard costs, and/or variance analysis and forecasting.
• Extensive knowledge of GAAP, financial reporting, and manufacturing issues
• Advanced level proficiency utilizing Excel
• Previous experience working in a highly matrixed and geographically diverse business environment
• Strong verbal and written communications with ability to effectively communicate at multiple levels in the organization.

Preferred Qualifications

• Advanced level degree in Finance, Accounting, Business Administration or related field
• Medical device experience
• Advanced level proficiency with 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.

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 $72,700.00 – $145,300.00. In specific locations, the pay range may vary from the range posted.

For further information, and to apply, please visit our website via the “Apply” button below.