Financial Analyst II

Abbott Laboratories; Minnetonka (MN); On-site; USD 68,000 - 136,000; Full time

Benefits offered by this job

Health insurance

Free medical coverage for employees (H

High employer retirement contribution

Tuition reimbursement

Student debt program

FreeU education benefit

Job summary

Abbott Laboratories, a global healthcare leader, is hiring a Financial Analyst II in Minnetonka, MN. You’ll join the Electrophysiology Medical Devices team to support financial planning, forecasting, and reporting for heart-disease tech initiatives.

The role requires a Bachelor’s in finance/Accounting, 3+ years FP&A experience, and strong Excel/financial systems skills. Domestic travel is not specified. Abbott offers strong benefits and development opportunities.

Qualifications

• Bachelor’s degree in finance, Accounting, Business or related field.
• 3+ years of combined experience in financial planning and analysis.
• Proficient with MS Office Suite (Excel, PowerPoint and Word).
• Demonstrated experience working with financial system applications.
• Strong verbal and written communication skills.
• Strong attention to detail.

Responsibilities

• Develop detailed financial forecasts incorporating historic, trended and current business information.
• Monitor spending versus budget by highlighting variances using reports.
• Prepare journal entries and assist in month end close.
• Prepare and distribute financial reports and packages analyzing current performance.
• Perform financial analysis and recommend alternatives using tools like ROI/NPV.

Skills

MS Office Suite

Communication

Financial systems

Education

Bachelor’s degree in finance/Accounting/business

Tools

Hyperion Essbase

SAP

Job description

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.

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.

The Opportunity

We are recruiting for a Financial Analyst II to join our team in our Minnetonka, MN location with the Electrophysiology Medical Devices team. In Abbott’s Electrophysiology (EP) business, we’re advancing the treatment of heart disease through breakthrough medical technologies in atrial fibrillation, allowing people to restore their health and get on with their lives. The Financial Analyst II is responsible for financial planning, reporting and analysis. They will prepare financial plans and forecasts based on performance expectations. They will gather and publish financial information related to historical, current and future performance. The Financial Analyst II will perform financial analysis utilizing appropriate financial concepts and techniques, or will recommend alternative courses of action.

What You’ll Work

• Develop detailed financial forecasts incorporating historic, trended and current business information.
• Monitor functional and departmental spending versus budget by highlighting material variances using system generated detail and trend reports.
• Prepare journal entries and assist in month end close as needed to ensure proper accounting at the functional and departmental level.
• Prepare and distribute financial reports and packages by gathering and analyzing information related to current performance.
• Perform financial analysis, as directed by management, and recommend alternatives courses of action by utilizing appropriate financial tools . (e.g. ROI, NPV analysis).
• Evaluate new business opportunities, potential acquisitions, new products, tax planning and spending initiatives by modeling alternative financial scenarios (e.g. evenues, profitability etc).
• Prepare sensitivity analysis impact on revenue, expenses and profitability by modeling changes in key variables.
• Develop and utilize sound financial processes.
• Cultivates a wide range of internal networks and begins to develop an external network of resources to facilitate completion of tasks.
• May demonstrate basic project management skills by acting as a project lead on small, well defined projects.
• Provides guidance to less experienced staff.
• Influence exerted at peer level and occasionally at first levels of management.
• Plans, organizes, and prioritizes own daily work routine to meet established schedule.
• Exercises authority and judgment within defined limits to determine appropriate action.
• Failure to achieve results or erroneous decisions or recommendations may cause delays and may result in the allocation of additional resources.
• Works under general supervision.
• Receives limited supervision on standard issues, and detailed instructions on new assignments.
• Work is reviewed for soundness of judgment, overall adequacy and accuracy.

Required Qualifications

• Bachelor’s degree in finance, Accounting, Business or related field
• 3+ years of combined experience in financial planning and analysis
• Proficient with MS Office Suite (Excel, PowerPoint and Word)
• Demonstrated experience working with financial system applications
• Strong verbal and written communication skills
• Strong attention to detail

Preferred Qualifications

• MBA, CPA or CMA preferred
• Working knowledge of Hyperion Essbase and/or SAP
• Ability to work effectively and with flexibility under uncertainty and changing priorities

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 and @AbbottGlobal.

The base pay for this position is $68,000.00 – $136,000.00 In specific locations, the pay range may vary from the range posted.

JOB FAMILY: Financial Planning and Analysis DIVISION: EP Electrophysiology LOCATION: United States > Minnesota > Minnetonka : 14851 DeVeau Place 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.

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