Senior Financial Analyst

Financeroles; Town of Westford (WI); On-site; USD 78,000 - 156,000; Full time

Benefits offered by this job

Health Insurance (HIP PPO)

Excellent retirement plan with high-em

Tuition reimbursement and FreeU

Diverse health and wellness benefits

Job summary

Abbott is seeking a Senior Financial Analyst for the Westford, MA site in the AVD Vascular division. This onsite role focuses on cost planning, analysis, and reporting to site leadership to drive cost reductions and regulatory compliance.

You will collaborate across manufacturing and engineering, prepare operating plans, and deliver insightful financial analytics. The successful candidate will have an Associate degree with at least 4 years of progressive experience in finance, exposure to

Qualifications

• Associates Degree required.
• Minimum 4+ years progressive experience in finance/FP&A.

Responsibilities

• Monitor financial and operational performance for the Westford location; compare Plan and LBEs vs Actuals; analyze spending trends and suggest optimization actions.
• Partner with manufacturing, engineering and support functions for Annual Operating Plan and LBEs.
• Prepare diverse report submissions from Operations; verify accuracy and submit to Site Leadership Team and HQ Finance.
• Develop reports, dashboards, and KPIs; serve as SME for site financial performance.
• Manage Dodeca system data and reconcile with other ERP data to ensure accuracy.
• Monitor and reconcile balance sheet accounts (Fixed Assets, Accruals, etc.).
• Create reports/dashboards for Operating teams and monitor COGS trends.
• Assist cost-reduction initiatives to drive sustainable growth for the site.

Skills

Analytical skills

Interpersonal skills

Ability to work under uncertainties

Cross-functional collaboration

Matrix organization experience

Education

Associates Degree

Bachelor’s Degree Accounting, Finance or related

CPA, CMA, or CPIM designation or equivalent

Tools

Essbase

Dodeca

SAP

HFM

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 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 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

This position works out our Westford, Massachusetts location within the AVD Vascular division. This is an onsite position.

The Senior Financial Analyst is responsible for providing cost planing, analysis, and reporting to Westford site leadership to meet targeted deliverables, as well as makes recommendations to reduce costs, scale for the future, and meet regulatory compliance.

What You’ll Work On:

• Monitor the Financial & Operational performance for the Westford manufacturing location, comparing the Plan and LBE vs Actual results for different cost centers and GL accounts, analyze spending trends of different accounts, and suggest actions to optimize results.
• Partner with manufacturing, engineering and other support functions in the preparation of Annual Operation Plan and LBEs for the manufacturing site.

• Prepare various report submissions from Operations and verify accuracy and reasonableness and submit to the site Leadership Team and HQ Finance.

• Develop reports, dashboards, key performance indicators, etc as required, and act as the Subject Matter Expert related site financial performance.
• Manage Dodeca system data, including uploading and retrieving data in the system, and reconciling the Dodeca system data with other ERP system data to ensure data accuracy.
• Monitor, track and reconcile various balance sheet accounts, including Fixed Assets, Accruals, etc.
• Create reports / dashboard with financial information for the Operating teams considering business partner requirements.
• Create tools to monitor and track the COGS, and analyze trends and comparisons vs other benchmarks.
• Act as finance leader and support cost reduction initiatives that will drive sustainable growth for the Westford site.
• The Senior level Financial Analyst executes many of the same activities as the Experienced level.
• In addition, the Senior level will also typically: possess well developed knowledge and skills to interpret financial information on costs, prices, expenses and revenues and make recommendations to senior management.
• Conduct and document complex financial analysis projects.
• Develop analysis of economic indicators in order to prepare forecasts and analyze the company's short, medium, and long term position.
• Prepare in-depth evaluations of plans and identify new methods of analysis and presentation.
• Data collected and analyzed include revenues, expenses, costs, prices, investments, cash flow, profits, inflation, interest rates and exchange rates.
• Ability to form partnerships with Div HQ, cross functional partners, and regional contacts required
• Excellent interpersonal skills at all levels required
• Experience working in a matrix organization

Required Qualifications:

• Associates Degree
• Minimum 4+ years progressive experience

Preferred Qualifications:

• Bachelor’s Degree Accounting, Finance or related
• Experience in a manufacturing environment preferred
• Familiarity with Essbase, Dodeca, SAP, or HFM preferred.
• CPA, CMA, or CPIM designation or equivalent.
• Ability to work effectively under uncertainties and flexibility to meet changing priorities in a proactive manner
• Strong results orientation and bias for action including a high degree of initiative and self-motivation in understanding business needs and leading others to meet those needs

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

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.

JOB FAMILY:

Financial Planning and Analysis

DIVISION:

AVD Vascular

LOCATION:

United States > Massachusetts > Westford : 4 Robbins Road

ADDITIONAL LOCATIONS:

WORK SHIFT:

Standard

TRAVEL:

Yes, 5 % of the Time

MEDICAL SURVEILLANCE:

No

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