Financial Analyst

Abbott; Illinois; On-site; USD 61,000 - 123,000; Full time

Benefits offered by this job

Health insurance

Retirement plan

Tuition reimbursement

Education assistance

Job summary

Abbott in Lake County, IL is seeking a Financial Analyst to provide FP&A support to Global Procurement Services. You will oversee financial processes, perform analytics, and participate in budgeting, forecasting, and reporting activities.

The role emphasizes month-end close, variance analysis, and continuous process improvements while collaborating with cross-functional teams to deliver insights to leadership.

Qualifications

• Bachelor's degree in Accounting/Finance or equivalent
• 2–4 years of financial planning, analysis and accounting experience
• Strong analytical, problem solving, variance analysis skills
• Effective communication; ability to summarize complex issues clearly
• Ability to manage multiple priorities in a fast-paced environment

Responsibilities

• Support Global Procurement and report to the Manager, FP&A
• Assist month-end close and LBE processes; provide variance analysis
• Develop forecasts and analytics for budgets (payroll and projects)
• Complete consolidations and monthly actuals and LBE reporting
• Identify risks and opportunities and share insights with leadership
• Provide ad hoc analyses for key projects as required
• Prepare materials for annual Plan presentation to senior leadership

Skills

Financial analysis

Variance analysis

Forecasting

Communication

Attention to detail

Education

Bachelor's degree in Accounting/Finance

Tools

Excel

Hyperion Essbase

SAP

Job description

Working at Abbott

At Abbott, you can do work that matters, grow, and learn, care for yourself and your 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.


• Employees can qualify for free medical coverage in our Health Investment Plan (HIP) PPO medical plan in the next calendar year.


• An excellent retirement savings plan with a 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 worldwide 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 the best place to work for diversity, working mothers, female executives, and scientists.

The Opportunity

We have an immediate opportunity for a Financial Analyst in our Lake County, Abbott Park, IL location.

The Financial Analyst provides FP&A (Financial Planning and Analysis) support to the Global Procurement Services organization. Oversees financial processes and activities and provides analytics to support strategic business decisions.

What You'll Work On

• This position supports Global Procurement and reports to the Manager, Financial Planning and Analysis.


• Support month end close and LBE processes. Complete variance analysis and commentary for LBE and month end submissions.


• Develop forecasts and prepare supporting analytics for key budget items such as payroll and other key projects.


• Complete consolidations and reporting of monthly actuals and LBE.


• Identify risks and opportunities and work with leadership team to bring insights forward.


• Provide ad hoc analysis to support key projects or other related activities as required.


• Assist with analysis and preparation of materials for the annual Plan for presentation to Vice President, Global Procurement, Corporate Controller and CFO.


• Drive continuous improvements and simplifications in financial and business processes.


• Work both independently and in groups in a variety of situations requiring analytical and critical thinking skills.

Required Qualifications

• Bachelor’s degree in Accounting, Finance, or a related field. Or an equivalent combination of education and work experience


• 2-4 years experience in financial planning, analysis and accounting.


• Strong analytical, problem solving, variance analysis skills, accuracy and attention to detail.


• Effective communication skills; ability to synthesize complex, technical issues and summarize with clarity.


• Ability to manage many competing priorities and execute in a pressurized environment.

Preferred Qualifications

• Proficient with financial modeling, systems, and other tools including Excel, Hyperion Essbase and SAP.

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 $61,300.00 – $122,700.00. In specific locations, the pay range may vary from the range posted.