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.

Financial Planning and Analysis Supervisor

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 Plymouth, MN or Irvine, CA location in the Electrophysiology 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.

The FP&A supervisor is a key finance stakeholder who works primarily with Operations and Product Development business partners leading all aspects of the Financial Planning, forecasting and execution process for the Plymouth manufacturing operations. This position is ideal for someone seeking to broaden their experience in Financial Planning, reporting, and manufacturing cost accounting. We are looking for a highly motivated individual who continuously drives for improvement, challenges the status quo, and will be a valued business partner to move the organization forward through the execution of timely, accurate, and high-quality Financial Planning and Analysis.

What you will work on

• Standard and ad-hoc Financial Planning, reporting, and Analysis for annual planning, rLBE cycles, or ad hoc projects as needed.
• Coordinates and provides cost planning, analysis and reporting to management for assigned manufacturing site(s) which includes setting production cost standards for labor and material, supporting and updating standard cost files, partnering with manufacturing entity managers to develop and track budgets, updating forecasts, providing variance analysis, providing product cost analysis.
• Monthly closing activities include preparing journal entries and analyzing variances leading to P&L commentary of root causes.
• 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 support data accuracy. This may include recommendations relating to purchase price, scrap, inventory cycle counts, and work order volume.
• Serves as finance subject expert for assigned manufacturing entity(ies) and leads special projects as assigned by finance management.
• Identifies areas that can be improved and constructively propose innovative solutions that drive efficiencies. Develop and use sound financial processes to drive improved business performance.
• Thorough understanding of Corporate/Division financial policies and procedures and GAAP. 
• Responsible for adherence to Abbott accounting policies and procedures (CFMs).
• 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 business administration, Finance, Accounting, or a related field
• 6+ years of financial analyst experience with increasing responsibility, including experience in a manufacturing environment.
• Comprehensive knowledge of balance sheet transactions and their impacts on the income statement
• A qualified record of implementing new processes effectively and efficiently.
• Strong verbal and written communications with ability to effectively communicate at multiple levels in the organization.
• Proficient with MS Office Suite (Word, Excel, and PowerPoint), must be skilled at building and supporting Excel-based financial models.
• Able to manage multiple assignments, achieving required deadlines without sacrificing quality in a demanding environment.
• Must be able to perform in a diverse cross-functional team environment.

Preferred qualifications

• Advanced level degree(s) in Finance, Accounting, Business Administration, or related field
• Advanced professional level such as an MBA, CPA, CMA, or CPIM designation or equivalent
• Medical device experience
• Experience in a high-tech, product-manufacturing environment
• Strong experience with SAP ERP system software and Hyperion Planning/Essbase systems

* 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.

The base pay for this position is $95,500.00 – $190,900.00. 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.