Senior Financial Analyst

Company: Abbott Laboratories
Location: Minnetonka
Posted on: February 22, 2021

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 109,000 colleagues serve people in more than 160 countries. Senior Operations Cost Analyst - Minnetonka, MN ABOUT ABBOTT 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, nutritional, and branded generic medicines. Our 107,000 colleagues serve people in more than 160 countries.-- Leading an active lifestyle is important to the many people we serve. In Abbott's Heart Failure division, we're advancing the treatment of heart and vascular disease through breakthrough medical technologies in electrophysiology and heart failure, allowing people to restore their health and get on with their lives.-- WHAT YOU'LL DO-- We are currently recruiting for a Senior Operations Cost Analyst to join our team in the Minnetonka, 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.--

• 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. EDUCATION AND EXPERIENCE YOU'LL BRING-- Required--
  • 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
  • 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--
    • Advanced level degree in Finance, Accounting, Business Administration or related field
    • Advanced level proficiency with SAP WHAT WE OFFER---- At Abbott, you can have a good job that can grow into a great career. We offer:--
      • Training and career development, with onboarding programs for new employees and tuition assistance
      • Financial security through competitive compensation, incentives and retirement plans
      • Health care and well-being programs including medical, dental, vision, wellness and occupational health programs--
      • Paid time off
      • 401(k) retirement savings with a generous company match--
      • The stability of a company with a record of strong financial performance and history of being actively involved in local communities-- Follow your career aspirations to Abbott for diverse opportunities with a company that provides the growth and strength to build your future. Abbott is an Equal Opportunity Employer, committed to employee diversity.-- Get tailored job recommendations based on your interests.
        • JOB ID: 30971675
          • LOCATION United States - Minnesota - Minnetonka
          • DIVISION EPHF Electrophysiology & Heart Failure
          • TRAVEL No
            • MEDICAL SURVEILLANCE No
              • SIGNIFICANT WORK ACTIVITIES Continuous sitting for prolonged periods (more than 2 consecutive hours in an 8 hour day)Keyboard use (greater or equal to 50% of the workday) Our business encompasses many different functions and capabilities, which allows you to explore careers in various fields.-- GROWTH PLANNING Growth Planning and Performance Excellence is an annual process through which you'll be able to have open career discussions with your manager to help you determine your own career path and future. TRAINING & NETWORKS We provide a wide range of classroom and e-learning courses to help you develop new skills and enhance your career.-- WE'RE RECOGNIZED AROUND THE WORLD DOW JONES SUSTAINABILITY INDEX BEST CORPORATE CITIZENS FORTUNE CHANGE ---------------------THE WORLD FORTUNE'S MOST ADMIRED COMPANIES JOIN OUR TALENT COMMUNITY We will notify you about relevant positions, and keep you in mind whenever we have interesting opportunities.-- Abbott welcomes and encourages diversity in our workforce including Minorities, Women, Individuals with Disabilities and Protected Veterans. We provide reasonable accommodation to qualified individuals with disabilities. Unless otherwise specified, all product and service names appearing in this Internet site are trademarks owned by or licensed to Abbott, its subsidiaries or affiliates. No use of any Abbott trademark, trade name, or trade dress in this site may be made without the prior written authorization of Abbott, except to identify the product or services of the company.

Keywords: Abbott Laboratories, Minnetonka , Senior Financial Analyst, Professions , Minnetonka, Minnesota