Principal Financial Analyst

Abbott; Minnetonka (MN); On-site; USD 87,000 - 173,000; Full time

Benefits offered by this job

Free medical coverage for employees (H

Excellent retirement plan with high..

Tuition reimbursement

FreeU education benefit

Diversity recognition

Job summary

Abbott in Minnetonka, Minnesota is seeking a Principal Financial Analyst to drive financial insights, forecasting, and planning that support growth, profitability, and operational excellence across the organization.

You will lead analyses of financial statements, margins, COGS, and cash flow; develop long-range plans, prepare journal entries, and collaborate with internal teams and auditors to ensure robust financial controls.

Qualifications

• Bachelor's degree in Finance or Accounting (Required).
• Minimum 4 years of experience in accounting, finance, FP&A, or similar.
• Experience with financial analysis, forecasting, budgeting, and reporting.
• Solid understanding of accounting principles, financial statements and internal controls.
• Ability to analyze complex data, identify trends, and provide actionable recommendations.
• Experience working independently and managing multiple priorities in a fast-paced environment.
• Strong communication, presentation, and cross-functional collaboration skills.
• Proficiency with Microsoft Excel and financial reporting tools.

Responsibilities

• Lead financial analysis and reporting to support business objectives and strategic decision-making.
• Develop forecasts, annual profit plans, and long-range financial plans.
• Analyze financial statements, profitability, gross margin, COGS, cash flow, and balance sheet.
• Prepare, review, and evaluate capital expenditure requests and purchase orders.
• Perform pricing and profitability analyses to identify opportunities for growth and efficiency.
• Support resource allocation and headcount planning initiatives.
• Conduct supply chain and demand analytics to improve operational performance.
• Prepare journal entries and maintain accurate financial records and reporting.
• Complete balance sheet reconciliations and ensure internal controls compliance.
• Partner with auditors by providing financial analysis and documentation.
• Lead cross-functional projects and present findings to leadership.

Skills

Financial analysis

Forecasting

Budgeting

Reporting

Excel proficiency

Independent work

Communication

Cross-functional collaboration

Education

Bachelor's degree in Finance or Accounting

Tools

ERP systems (SAP)

Financial reporting tools

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.

Benefits

• 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.

Opportunity

Join our Finance team as a Principal Financial Analyst and play a key role in delivering financial insights that drive strategic decision-making and business performance. In this role, you will lead complex financial analyses, forecasting, planning activities, and cross-functional projects while partnering with leaders across the organization to support growth, profitability, and operational excellence.

What You’ll Work On

• Lead financial analysis and reporting to support business objectives and strategic decision-making.
• Develop forecasts, annual profit plans, and long-range financial plans.
• Analyze financial statements, profitability, gross margin, cost of goods sold (COGS), cash flow, and balance sheet performance.
• Prepare, review, and evaluate capital expenditure requests and purchase orders.
• Perform pricing and profitability analyses to identify opportunities for growth and efficiency.
• Support resource allocation and headcount planning initiatives.
• Conduct supply chain and demand analytics to improve operational performance.
• Prepare journal entries and maintain accurate financial records and reporting.
• Complete balance sheet reconciliations and ensure compliance with internal controls and financial policies.
• Partner with internal and external auditors by providing financial analysis and supporting documentation.
• Lead cross-functional projects, present findings, and recommend actionable solutions to leadership.
• Collaborate with stakeholders across multiple functions and serve as a key finance business partner.

Required Qualifications

• Bachelor's degree in Finance or Accounting
• Minimum of 4 years of experience in accounting, finance, financial planning and analysis (FP&A), or a related business function.
• Experience performing financial analysis, forecasting, budgeting, and reporting.
• Strong understanding of accounting principles, financial statements, and internal controls.
• Ability to analyze complex data, identify trends, and provide actionable recommendations.
• Experience working independently and managing multiple priorities in a fast-paced environment.
• Strong communication, presentation, and cross-functional collaboration skills.
• Proficiency with Microsoft Excel and financial reporting tools.

Preferred Qualifications

• Experience supporting manufacturing, supply chain, or operations finance environments.
• Experience with capital planning, investment analysis, and profitability modeling.
• Knowledge of ERP systems such as SAP or similar enterprise financial platforms.
• Experience supporting audits and compliance-related activities.
• Demonstrated ability to lead projects and influence stakeholders across multiple levels of the organization.
• Advanced analytical and problem-solving skills with a continuous improvement mindset.
• CPA, CMA, MBA, or other relevant professional certification preferred.

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.

Compensation

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 Details

JOB FAMILY: Financial Planning and Analysis

DIVISION: EP Electrophysiology

LOCATION: United States > Minnesota > Minnetonka : 14901 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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