Financial Planning & Analysis Manager

TechWomen4Boards Ltd; Fatih; On-site; TRY 350,000 - 550,000; Full time

Job summary

Abbott, a global healthcare leader, seeks a Finance professional to own financial planning, budgeting and reporting for the Istanbul-based Established Pharmaceuticals Division. You will drive monthly closes, partner with commercial teams and oversee capital expenditure processes.

The role requires a Bachelor’s degree in finance or related field and at least 5 years of finance experience, with strong analytical and English communication skills.

Qualifications

• Bachelor’s degree in finance, business administration or economics.
• Minimum 5 years of experience in the finance department.
• Solid English communication skills.
• Strong analytical and problem-solving abilities.

Responsibilities

• Prepare yearly financial plans and quarterly forecasts.
• Lead month-end closing activities with Finance and Operations.
• Partner with commercial teams on budgeting and long-range plans.
• Prepare financial data for reconciliations and S&OP meetings.
• Perform profitability analyses and report brand P&Ls.
• Monitor KPIs and communicate gaps between forecast and commitments.
• Ensure timely financial reporting to Region and Division.
• Lead transfer pricing and SOP implementations.

Skills

Analytical thinking

Problem solving

English proficiency

Education

Bachelor’s degree in finance, business administration or economics

5+ years of experience in the finance department

Job description

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

• 2.1. 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