Financial Planning and Analysis Manager

Thornton Tomasetti; Lake Forest (IL); On-site; USD 99,000 - 199,000; Full time

Job summary

Abbott is seeking a Molecular Diagnostics – Global Commercial FP&A Manager to join our Lake Forest, IL office. You will lead financial reporting and analysis of the AMD commercial P&L, delivering insights on sales and profitability to senior leadership.

You will collaborate with key business partners, drive forecasting and annual plans, and support pricing and profitability initiatives across markets and products.

Qualifications

• Bachelors degree in accounting or finance is required or preferred.
• 8+ years of accounting or finance experience with strong communication skills.
• Experience interacting with senior leadership and multiple levels in the organization.
• Proficiency in MS Office Suite (Word, Excel, PowerPoint) and financial systems.

Responsibilities

• Understand commercial strategies and create analysis to communicate financial components to senior leadership.
• Identify trend anomalies, risks and opportunities in sales and P&L.
• Support long-term sales strategy through forecasting and annual planning.
• Coordinate with area finance to meet deadlines for planning cycles and reports.
• Consolidate P&L forecasts for SG&A and rollforwards; prepare slides for global reviews.
• Collaborate with Marketing, Operations, R&D and Legal to build business cases for new products.
• Provide support for Global Service operations and global commercial reporting.
• Assist with product pricing, margins, and profitability initiatives; ensure compliance with policies.

Skills

MS Office

Financial Analysis

Communication skills

Education

Bachelor’s degree in Accounting or Finance

Tools

SAP

IBM Cognos

TM-1

Job description

JOB DESCRIPTION: Molecular Diagnostics – Global Commercial FP&A Manager

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.

At Molecular Diagnostics, we realize the potential of personalized care as the laboratory’s most trusted and preferred source for molecular diagnostic solutions. We are a division of Abbott Laboratories, a global, diversified healthcare innovator with a legacy of pioneering work in medical diagnostics.

Working at Abbott

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 Financial Planning and Analysis Manager works out of our Lake Forest, Illinois office. This role will directly support the Commercial Senior Leadership Team, as well as the Global Commercial Controller and the AMD Division Controller. The primary responsibility for this role is the financial reporting and analysis of the AMD commercial P&L including providing key insights around sales and profitability trends and presenting consolidated forecast and analysis to senior leadership.

What You’ll Work On

Responsible to understand the main commercial strategies across the Key markets and help to create effective analysis/communication to present financial components to Sr Division Leadership including identifying trend anomalies, risk and opportunities in sales and P&L. Provide direct financial support for the long-term sales strategy through Abbott’s Organic Execution Model (OEM) and Annual Plan forecasting. Act as a key liaison with Area finance team to align deadlines for all the financial planning cycles, information requirements, reports and analysis required to ensure deliverables are submitted timely. Ensure a robust planning system in area to meet BU and Division requirements, recommend improvements to process to ensure efficient and timely results. Manage the P&L forecast consolidation process for the commercial areas which include SG&A, Rollforwards, and prepare financial slides for Global reviews. Partnered with key stakeholders (Marketing, Operations, R&D, Legal, etc.) to create Business Cases for New Product Introductions and brand extensions. Provides direct support for the Global Service organization. Prepare Global Commercial Monthly Reporting Package for commercial leadership that includes sales performance by key products, sales trend graphs by country/key product, and instrument placement detail. Support the on-going product and region profitability assessment and product pricing process including support of margin & profitability initiatives. Ensure reporting requirements to BU, Division, and Corporate are met in accordance with established calendars and timelines. Perform other Ad-hoc tasks as required by Area, Division, Corporate. Responsible for compliance with applicable Corporate and Divisional Policies and procedures. Support affiliates in activities related to accounting policies and procedures, consistent with General Accepted Accounting Practices and AI policies, Corporate Financial Procedures, and sound business practices.

Required Qualifications

Bachelor’s degree preferred in accounting or finance. Eight (8) plus years of accounting or finance related experience. 8 years' experience with financial and/or accounting related experience, with strong people and communication skills and ability to interact with diverse and senior levels of the organization. Proficient with MS Office Suite (Word, Excel, and PowerPoint) Demonstrated experience working with financial system applications. Strong verbal and written communications with ability to effectively communicate at multiple levels in the organization. Ability to work on multiple priorities and execute in a fast-paced environment.

Preferred Qualifications

Preferred experience in SAP, IBM Cognos and TM-1 Advanced degree MBA or MA in Accountancy / Finance

Benefits

Participants who complete a short wellness assessment qualify for FREE coverage in our HIP PPO medical plan. Free coverage applies in the next calendar year. Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives: www.abbottbenefits.com

Compensation

The base pay for this position is $99,300.00 – $198,700.00. In specific locations, the pay range may vary from the range posted.

Location

LOCATION: United States > Lake Forest : J55

Schedule & Travel

WORK SHIFT: StandardTRAVEL: Not specified

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)

Equal Employment Opportunity

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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