Senior Financial Analyst

Abbott; Lake Forest (IL); On-site; USD 78,000 - 156,000; Full time

Benefits offered by this job

Health Insurance

Retirement savings plan

Tuition reimbursement

FreeU education benefit

Job summary

Abbott, a global healthcare leader, is seeking a Sr. Financial Analyst at its Lake Forest, Illinois location within the Molecular Diagnostics division.

The role focuses on SG&A budgeting, sales forecasting, and balance sheet planning to support the US Commercial organization and collaborate with LAC Commercial teams. You will forecast $20MM in SG&A spend, develop sales analytics, and provide variance analyses to guide decisions.

Qualifications

• Bachelor's degree in accounting or finance.
• 3–5 years of finance experience with increasing responsibility.
• Ability to provide data and analysis to support decision making.

Responsibilities

• Own forecasting and variance tracking for SG&A spend for US Commercial (~$20MM).
• Develop and maintain sales analytics to improve forecasting.
• Create balance sheet forecast for US Commercial and track monthly results.
• Assist in month-end close and journal entries; prepare monthly variances vs forecast.
• Support ad hoc requests for US and LAC Commercial organizations.

Skills

Forecasting SG&A

Variance analysis

Data analytics

Excel

Financial reporting

Education

Bachelor's degree in accounting or finance

Tools

Excel

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.

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 Lake Forest location in the Molecular Diagnostics division. Our molecular division delivers best-in-class innovative testing solutions for people around the world to provide answers to life’s critical health decisions. We help people live full and healthy lives through our accessible, molecular-based solutions.

As the Sr. Financial Analyst, you’ll have the chance to Support the AMD US Commercial organization as the primary owner of SG&A budget planning, supporting sales and margin forecasting, monthly actuals reporting, and variance analysis, in addition to ad hoc support of the LAC Commercial organization while reporting to the US Commercial Finance Manager. This is an area-level FP&A opportunity with a focus on the 5-line P&L and full Balance Sheet.

What You’ll Work On

• Owning the forecasting and variance tracking for $20MM of SG&A spending for the US Commercial Organization.
• Develop and maintain in-depth sales analytics to strengthen our forecasting efforts, challenging the sales team to achieve expectations and provide insights to commercial organization leaders.
• Create a balance sheet forecast for the US Commercial organization and track against results monthly, ensuring alignment with P&L forecasting done by the organization.
• Assist in the month-end close process by completing Monthly Journal Entries and assisting in completing monthly commentary tracking variances vs. forecast.
• Assist with ad hoc requests across both the US and LAC Commercial organizations as required.

Required Qualifications

• Bachelor's degree with concentration in accounting or finance.
• 3- 5 years of finance experience to include roles of increasing responsibility in accounting and or finance.
• Demonstrated ability to provide data and analysis to support decision making, methodical approach to problem-solving and rational ideas supporting them.
• Ability to keep learning and to teach others, traditional accounting knowledge and facilitator of management needs, streamlining functions within the department.

Preferred Qualifications

• 5 years of experience
• Proficient in excel and data analytics

Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives: https://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.

The base pay for this position is $78,000.00 – $156,000.00. In specific locations, the pay range may vary from the range posted.