Supervisor Financial Planning and Analysis

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.

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 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 in our facility of Lake County IL 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

Our location in Lake County, IL, currently has an opportunity for a Finance Supervisor – US Commercial FP&A. This team member is responsible for assisting with all US Transfusion Medicine FP&A Planning and Monthly Actuals Reporting processes, providing direct financial support for the US Commercial Team and interfacing directly with Sales Managers, Commercial Excellence, and Area DVP to accomplish goals/tasks. This position works independently and collaborates with the Finance and business teams. This role is integral to the preparation and review of Plan, LBE (Latest Best Estimate), OEM (Organic Execution Model), and Integrated Business Plan (IBP), balance sheet, as well as monthly close process. This role will also be called upon to adapt to changes in the business environment and/or commercial strategy, implementing solutions to meet the needs of the management team. Additionally, the Supervisor will need to focus on understanding the product offerings, customer dynamics, as well as establishing efficient processes and tools to effectively analyze and support new business opportunities.

WHAT YOU’LL DO

• Partner with the business to create and maintain Sales and P&L forecasts for the annual Plan, monthly IBPs, and quarterly LBEs/Confirm. This includes coordinating regular meetings with business partners to build the assumptions, potentially challenging the inputs, and using professional judgement to create a forecast.
• Own the P&L, including gross-to-net sales adjustments, customer rebate/price tier accruals, price/volume/mix analytics, and expense analysis. Investigate any significant variances and look for opportunities to improve margin.
• Collaborate with Commercial Excellence to understand pipeline, forecast revenue, understand, and challenge key assumptions. Identify and communicate any gaps or issues in achieving targets.
• LBE system load submissions and tie out for sales, product cost, rest of P&L for Total US Business Unit.
• 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.
• 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.
• 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 commercial team and is expected to proactively look for ways to improve the Planning and reporting processes.

EDUCATION AND EXPERIENCE YOU’LL BRING

Required

• Bachelor's degree, preferably in finance or accounting or an equivalent combination of education and work experience.
• Four or more years of financial experience demonstrating a progressive level of responsibility.

Preferred

• 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.
• High proficiency in Microsoft office suite, primarily Microsoft Excel and Power Point.
• Proficiency in TM1, Cognos and SAP are 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.

• 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 Twitter @AbbottNews and @AbbottGlobal.

The base pay for this position is $83,000.00 – $166,000.00. In specific locations, the pay range may vary from the range posted.