Principal Financial Analyst, Global Development Vascular R&D

ACCA Careers; Santa Clara (CA); On-site; USD 114,000 - 228,000; Full time

Job summary

Abbott, a global healthcare leader, seeks a PRINCIPLE FINANCIAL ANALYST – GLOBAL DEVELOPMENT FINANCE to lead FP&A across Product Development and Analytical Chemistry. The role covers cost center budgeting, headcount management, and productivity initiatives, with interaction across Directors and leadership teams.

You will own month-end close, perform variance analysis, and develop dashboards to monitor program performance and KPI trends, contributing to strategic portfolio decisions.

Qualifications

• Four-year degree or equivalent experience in Finance or Accounting.
• 8+ years' experience in financial planning and analysis or equivalent.
• Strong Excel skills and enterprise system skills.
• Knowledge of accounting principles, practices, and standards.
• Ability to work in a highly matrixed and geographically diverse environment.
• Ability to lead projects and influence others in a fast-paced setting.
• Strong verbal and written communications across levels.

Responsibilities

• Support Franchise Product Development and strategic planning forecast of pipeline analysis.
• Facilitate Franchise quarterly LBE process with the R&D groups.
• Provide HC and cost analysis to aid portfolio prioritization decisions.
• Own franchise cost center’s month end close for compliance with policies.
• Prepare monthly close package with spending performance and variances.
• Model financial scenarios and perform NPV/IRR and sensitivity analyses.
• Lead headcount allocation for Product Development, Quality, Ops, Regulatory.
• Own franchise HC roll forward of actual vs LBE year end budget HC.
• Develop and publish financial dashboards to track program performance and KPI’s.
• Identify non-routine process improvements and drive execution.
• Mentor less experienced staff and possibly lead project teams.

Skills

Excel skills

Accounting principles

Communication skills

Project leadership

Matrix environment

FP&A

Education

Four-year degree in Finance or Accounting

Tools

PowerBI

Hyperion

Essbase/Dodeca

SAP

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.

THE OPPORTUNITY

Abbott Vascular provides innovative, minimally invasive, and cost-effective products for treatment of vascular disease. Our extensive portfolio includes vessel prep, drug-eluting stents, guide wires, balloon dilatation catheters, imaging catheters and software, vessel closure devices, peripheral stents and thrombectomy. Our location in SANTA CLARA, CA OR ST. PAUL, MN currently has an opportunity for a PRINCIPLE FINANCIAL ANALYST – GLOBAL DEVELOPMENT FINANCE. The position is responsible for the leadership and management of franchise R&D Financial Planning and Analysis function (FP&A), across the departments of Product Development, Analytical Chemistry, and pipeline analysis. Position requires interface with functional Directors, Managers, and other members of the leadership team as required to manage cost center spending budgets, headcount management, pipeline strategies, management reporting, and effective R&D productivity initiatives.

What You’ll Work On

• Support Franchise Product Development and strategic planning forecast of pipeline analysis
• Facilitate Franchise quarterly LBE process with the R&D groups
• Provide allocated program HC and cost analysis to facilitate portfolio prioritization decision
• Own franchise cost center’s month end close to ensure compliance with applicable Corporate and Divisional Policies and procedures.
• Prepare monthly close package with spending performance including variances analysis and drivers
• Partner with cross-functional teams to evaluate new business opportunities and new products, by modeling alternative financial scenarios and conducting NPV/IRR and sensitivity analyses
• Take leading role in headcount allocation process for Product Development, Quality, Ops, Regulatory organizations to support program costing
• Own the franchise allocated HC roll forward of actual vs LBE year end budget HC.
• Design, develop, and publish financial dashboards to track program performance, productivity metrics and KPI’s
• Take initiative to identify non-routine process improvement opportunities and work with the team to execute improvement
• Participate in the development of less experienced staff by setting an example, providing guidance, and offering counsel. May lead a project team. Participates in determining goals and objectives for projects

Required Qualifications

• Four-year degree or equivalent experience in Finance or Accounting. Equivalent experience is defined as six years’ combined experience in the above areas
• 8+ years' experience in financial planning and analysis (in addition to equivalent experience listed above, if applicable), or equivalence in planning and quantitative analysis function
• Strong Excel skills and enterprise system skills
• Knowledge of accounting principles, practices, and standards
• Ability to work in a highly matrixed and geographically diverse business environment
• Ability to lead projects, influence and engage others to accomplish projects in a fast-paced, changing environment.
• Strong verbal and written communications with ability to effectively communicate at multiple levels in the organization.

Preferred Qualifications

• Experience with financial management systems such as Hyperion, Essabse /Dodeca, or equivalent
• ERP experience with SAP or similar systems
• Experience creating reports and dashboards in PowerBI from multiple data sources
• CPA and/or MBA a plus

The base pay for this position is $114,000.00 – $228,000.00. In specific locations, the pay range may vary from the range posted.