Financial Planning & Analysis Manager

Abbott; Fatih; On-site; TRY 600,000 - 760,000; Full time

Job summary

Abbott in Istanbul seeks a Financial Planning & Analysis Manager to oversee financial planning, budgeting, and profitability analysis within the Established Pharmaceuticals Division. You will partner with Commercial teams, manage month-end close, and ensure accurate reporting to regional stakeholders.

The role requires at least five years in finance, a finance-related degree, and strong English; healthcare/pharma experience is preferred. On-site in Istanbul with standard work shift.

Qualifications

• Bachelor’s degree in finance, Business Administration or Economics
• Minimum 5 years of experience in the Finance department
• Good command of both written and spoken English
• Solid analytical and problem-solving skills

Responsibilities

• Support yearly financial plan and quarterly Latest Best Estimate preparations (expenditures, profit, headcount, cash flow)
• Lead regular month-end closing activities with stakeholders from Finance and Operations
• Partner with commercial teams on financial planning, budget management and long-range plans
• Prepare financial data for reconciliation and S&OP meetings with latest results, risks and contingencies
• Perform profitability analysis on products and report results with brand P&Ls
• Identify and communicate gaps between forecast and financial commitments
• Ensure monthly, quarterly and yearly financial reporting to Region and Division
• Ensure all financial transactions are recorded properly and explain variances
• Monitor action item completion from prior S&OP meetings
• Initiate ad-hoc analyses for strategic decisions of Turkey affiliate
• Lead Profit & Loss improvement projects
• Implement SOP processes in finance area

Skills

Financial analysis

English proficiency

Analytical thinking

Problem-solving

Education

Bachelor’s degree in finance, business administration or economics

Job description

JOB DESCRIPTION:

Financial Planning & Analysis Manager

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.

The Opportunity

This position works at Istanbul location in the Established Pharmaceuticals Division that we are committed to bringing the benefits of our trusted medicines to more people in the world’s fastest-growing countries. Our broad portfolio of high-quality and differentiated branded generic medicines reaches across multiple therapeutic areas including gastroenterology, women’s health, cardiometabolic, pain management/central nervous system, and respiratory.

What You’ll Do

1. FINANCIAL PLANNING MANAGEMENT

• 1.1. Supporting yearly financial plan and quarterly Latest Best Estimate preparations (estimations for expenditure, profit, headcount, Cash Flow)
• 1.2. Leading regular month-end closing activities by collaborating with stakeholders from Finance and Operations.
• 1.3. Business Partnering with commercial team on company financial planning, budget management and long-range business plans.
• 1.4. Being fully involved in financial data preparation for Financial Reconciliation and S&OP meeting with latest results, risks, contingencies and suggestions monthly.
• 1.5. Performing profitability analysis on products and report the results with brand P&Ls.
• 1.6. Identifying and communicating gap between proposed forecast and the financial commitment.
• 1.7. Ensuring the submission of monthly, quarterly and yearly financial reporting to Region and Division (LBEs (Latest Best Estimate), MT (Monthly Tracking)).
• 1.8. Ensuring all financial transactions in the Balance Sheet and P&L areas are being recorded properly and getting the variance explanations from related parties.
• 1.9. Monitoring completion/status of action items related to her/his job responsibilities from prior S&OP meeting.
• 1.10. Initiating ad-hoc analysis for strategic decisions of Turkey affiliate.
• 1.11. Achieving & maintaining KPIs at Required level at Department Level.
• 1.12. Conducting Transfer Pricing practice annually as main contact of affiliate.
• 1.13. Developing financial awareness by preparing and sharing financial newsletter with upper management which includes business unit based P&Ls, financial results and suggestive actions in order to achieve total year targets.
• 1.14. Initiating ad-hoc analysis for strategic decisions of Turkey affiliate.
• 1.15. Acting as EPD contact with the Company’s independent external and internal (Abbott International) Auditors on Planning matters including Policies and Procedures.
• 1.16. Leading projects about Profit & Lost Improvements.
• 1.17. Implementing SOP processes in finance area.

2. CAPITAL MANAGEMENT AND EXPENSE CONTROL

• 2.1. Performing Capital Expenditure requests through a tool and monthly follow-up of Fixed Asset capitalization.
• 2.2. Ensuring compliance with Financial Procedures relating to requests for Capital of a Financial nature.
• 2.3. Preparing and maintaining the CAPEX budgets in LBE periods and actual spending.
• 2.4. Assessing the feasibility of investments by calculating the NPVs and IRRs of the projects.
• 2.5. Analyzing Capital Expenditure and project expense variances (Actual vs Plan, LBE and PY).

Required Qualifications

• Bachelor’s degree in finance, Business Administration or Economics
• Minimum 5 years of experience in the Finance department
• Good command of both written and spoken English
• Solid analytical and problem-solving skills

Preferred Qualifications

• Experience in the Finance department, preferably in the Healthcare / Pharmaceutical sector

The base pay for this position is

N/A

In specific locations, the pay range may vary from the range posted.

JOB FAMILY:

Financial Planning and Analysis

DIVISION:

EPD Established Pharma

LOCATION:

Türkiye > Istanbul : Saray Mah Dr Adnan Buyukdeniz Cd Umraniye

WORK SHIFT:

Standard

TRAVEL:

Not specified

MEDICAL SURVEILLANCE:

Not Applicable

SIGNIFICANT WORK ACTIVITIES:

Not Applicable