Financial Analyst II

Abbott; Minnetonka (MN); On-site; USD 61,300 - 122,700; Full time

Benefits offered by this job

Career development opportunities

Free medical coverage

Retirement savings plan

Tuition reimbursement

Job summary

Abbott is seeking a Financial Analyst II to join their Electrophysiology division in Minnetonka, MN. This role involves financial analysis, budgeting, and reporting, partnering with leadership to drive cost efficiency and improvement. The ideal candidate will have a Bachelor’s in Finance or related field, along with 2+ years of finance experience.

Abbott provides a supportive environment with opportunities for career development and employee well-being, including competitive pay and benefits that support work-life balance.

Qualifications

• 2+ years of full-time finance and/or accounting experience.
• Intermediate computer applications (MS Excel, MS PowerPoint) skills.
• Ability to learn system software and databases quickly.

Responsibilities

• Consolidate financials from manufacturing site cost centers.
• Develop budgets in support of Annual Plan and Quarterly Forecasts.
• Execute Month-End Close process including journal entries preparation.

Skills

Financial analysis

Communication skills

Analytical skills

Problem solving

Education

Bachelor’s Degree in Business Administration, Finance, Accounting, or related field

Tools

MS Excel

SAP

Business Objects

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 115,000 colleagues serve people in more than 160 countries.

Financial Analyst II

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

This position works out of our Minnetonka, MN, location in the Electrophysiology division. 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 a key value-added role that partners with various levels of leadership to drive financial ownership, cost efficiency, and process improvement. You will be responsible for timely and accurate month end close, financial planning, forecasting, and reporting for the business. Additionally, you will be providing standard cost analysis and process improvement.

What You’ll Work On

• Consolidate financials from manufacturing site cost centers and provide succinct effective communication to leadership on business performance to identify opportunities and drive improvement. Scope includes Month-End Close, Quarterly Forecasts, Annual Plan & Standard Costs.
• Develop budgets in support of Annual Plan and Quarterly Forecasts for cost centers. Perform variance analysis and identify key drivers in support of business decisions. Conduct regular financial reviews with business partners to communicate financial performance and business issues. Provide valuable insight to influence business to achieve financial goals.
• Execute Month-End Close process including journal entries preparation, spending/headcount review, variance analyses, and reporting of monthly results to management.
• Identify areas that can be improved and constructively propose new solutions that drive efficiencies. Develop and utilize sound financial processes to drive improved business performance.
• Support ad hoc internal and external audit requests.

Required Qualifications

• Bachelor’s Degree in Business Administration, Finance, Accounting, or related field.
• 2+ years of full-time finance and/or accounting experience.
• Intermediate computer applications (MS Excel, MS PowerPoint).
• Excellent verbal and written communication skills with ability to effectively communicate at multiple levels in the organization.
• Strong analytical, problem solving, variance analysis skills, accuracy, and attention to details.
• Ability to learn system software and databases quickly (SAP, Essbase, Business Objects).

Preferred Qualifications

• Medical device industry experience.
• Experience in, or directly supporting, manufacturing/supply chain/plant operations
• Experience with SAP, Business Objects, and Hyperion SmartView/Essbase.

Abbott is an Equal Opportunity Employer, committed to employee diversity.

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.