Finance Supervisor

Abbott; Chicago (IL); On-site; USD 87,000 - 173,000; Full time

Benefits offered by this job

Free health coverage

Strong 401(k) plan

Tuition reimbursement

Job summary

Abbott is seeking a Finance Supervisor – US Commercial in Lake Forest, IL. This role supports Core Lab FP&A planning and monthly actuals for a $300 million sales channel, interfacing with Sales Directors and Area DVP to achieve targets.

You will oversee forecasts, P&L ownership, and data integrity, driving ad-hoc analyses and process improvements within the finance team.

Qualifications

• Bachelor’s degree in finance or accounting or equivalent.
• Four or more years of financial experience with progressive responsibility.

Responsibilities

• Partner with commercial teams to create and maintain sales forecasts (Plan, IBPs, LBEs).
• Own the P&L for assigned areas, analyze gross-to-net, rebates, price/mix, and expenses.
• Collaborate with Commercial Excellence to understand pipeline and forecast revenue and P&L.
• Lead monthly close and IBP/LBE submissions; ensure data integrity.

Skills

Financial analysis

Forecasting

Excel

Education

Bachelor’s degree in finance or accounting

Tools

TM1

Cognos

SAP

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 122,000 colleagues serve people in more than 160 countries.

JOB DESCRIPTION: 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.

About Abbott Diagnostics

Diagnostic testing is a compass, providing information that helps in the prevention, diagnosis and treatment of a range of health conditions. Abbott’s life-changing tests and diagnostic tools give you accurate, timely information to better manage your health. 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.

Opportunity

Our location in Lake County, IL, currently has an opportunity for a Finance Supervisor – US Commercial. This team member is responsible for assisting with all Core Lab FP&A Planning and Monthly Actuals Reporting processes for a $300 million sales channel, providing direct financial support for the US Commercial team and interfacing directly with Sales Directors 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) and Integrated Business Plan (IBP), as well as monthly close process and will 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, business dynamics, as well as establishing efficient processes and tools to effectively analyze and support new business opportunities.

What You’ll Work On

• Partner with the commercial teams to create and maintain sales forecasts for the annual Plan, monthly IBPs, and quarterly LBEs. This includes coordinating regular meetings with business teams, consolidation of regional data, challenging assumptions, and using professional judgement to create a forecast.
• Own the P&L for assigned areas, including gross-to-net sales adjustments, customer rebate 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 and P&L, understand and challenge key assumptions.
• Identify and communicate any gaps or issues in achieving targets.
• IBP and LBE system load submissions and tie out for sales and product cost for Total USO.
• 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, including Tracks accounting, instrument sales margin, etc.
• 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 Finance Director and other members of the commercial team and is expected to proactively look for ways to improve the planning and reporting processes.

Required Qualifications

• 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 Qualifications

• 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.
• Master’s degree/CPA.
• 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.

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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.

The base pay for this position is $86,700.00 – $173,300.00 In specific locations, the pay range may vary from the range posted.

JOB FAMILY: Financial Planning and Analysis

DIVISION: CRLB Core Lab

LOCATION: United States > Lake Forest : CP01

ADDITIONAL LOCATIONS:

WORK SHIFT: Standard

TRAVEL: Not specified

MEDICAL SURVEILLANCE: Not Applicable

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)

Abbott is an Equal Opportunity Employer of Minorities/Women/Individuals with Disabilities/Protected Veterans.

EEO is the Law link - English: http://webstorage.abbott.com/common/External/EEO_English.pdf EEO is the Law link - Espanol: http://webstorage.abbott.com/common/External/EEO_Spanish.pdf

Abbott is about the power of health. For more than 135 years, Abbott has been helping people reach their potential — because better health allows people and communities to achieve more. With a diverse, global network serving customers in more than 160 countries, we create new solutions — across the spectrum of health, around the world, for all stages of life. Whether it’s next-generation diagnostics, life-changing devices, science-based nutrition, or novel reformulations, we are advancing some of the most innovative and revolutionary technologies in healthcare, helping people live their best lives through better health. The people of Abbott come to work each day with relentless energy, enthusiasm and a promise to enhance the health and well-being of millions of people. They push the boundaries to help manage and treat some of life’s greatest health challenges. We invite you to explore opportunities at Abbott, to see if your talents and career aspirations may fit with our openings. An equal opportunity employer, Abbott welcomes and encourages diversity in our workforce. Follow Us: Facebook LinkedIn YouTube Twitter