Principal Financial Analyst

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

Benefits offered by this job

Free medical coverage via HIP PPO

Retirement plan with high employer-con

Tuition reimbursement

Job summary

Abbott is seeking a Principal Financial Analyst to drive financial analyses, forecasts, and strategic reporting. You will partner with leaders across the organization to support growth, profitability, and operational excellence.

You will lead accounting and finance activities, develop long-range plans, and ensure internal controls while collaborating with auditors and cross-functional teams.

Qualifications

• Bachelor's degree in Finance or Accounting.
• Minimum of 4 years of experience in accounting, finance, FP&A, or 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.

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 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.

Skills

Financial analysis

Forecasting

Budgeting

Communication

Cross-functional collaboration

Education

Bachelor's degree in Finance or Accounting

Tools

Microsoft Excel

Financial reporting tools

SAP ERP (preferred)

Job description

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. 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.
• 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.

The 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.

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 FAMILY:

Financial Planning and Analysis

DIVISION:

EP Electrophysiology

LOCATION:

United States > Minnesota > Minnetonka : 14901 DeVeau Place

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.pdfEEO is the Law link - Espanol: http://webstorage.abbott.com/common/External/EEO_Spanish.pdf