Abbott Sr. Financial Analyst - Operations - Menlo Park in Menlo Park, California
At Abbott, we're committed to helping people live their best possible life through the power of health. For more than 125 years, we've brought new products and technologies to the world -- in nutrition, diagnostics, medical devices and branded generic pharmaceuticals -- that create more possibilities for more people at all stages of life. Today, 99,000 of us are working to help people live not just longer, but better, in the more than 150 countries we serve.
Primary Job Function
Responsible for financial planning, reporting and analysis. Prepares financial plans and forecasts based on performance expectations. Gathers and publishes financial information related to historical, current and future performance. Performs financial analysis utilizing appropriate financial concepts and techniques. Recommends alternative courses of action.
Core Job Responsibilities
Responsible for compliance with applicable Corporate and Divisional Policies and procedures.
Develop detailed financial forecasts incorporating historic, trended and current business information.
Monitor functional and departmental spending versus budget by highlighting material variances using system generated detail and trend reports.
Prepare journal entries and assist in month end close as needed to ensure proper accounting at the functional and departmental level.
Prepare and distribute financial reports and packages by gathering and analyzing information related to current performance.
Perform financial analysis, as directed by management, and recommend alternatives courses of action by utilizing appropriate financial tools . (e.g. EVA, NPV analysis).
Evaluate new business opportunities, potential acquisitions, new products, tax planning and spending initiatives by modeling alternative financial scenarios (e.g. revenues, profitability etc.).
Prepare sensitivity analysis impact on revenue, expenses and profitability by modeling changes in key variables (recommending appropriate course of action).
Develop and utilize sound financial processes
Position Accountability / Scope
Establishes and cultivates an extensive network of support to facilitate completion of assignments.
Participates 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.
Influences middle management on technical or business solutions. May interact with vendors.
Plans and organizes non-routine tasks w/approval. Initiates or maintains work schedule. Establishes priorities of work assignments.
Exercises judgment in selecting innovative, practical methods to achieve problem resolution. Failure to obtain results or erroneous decisions or recommendations would typically result in serious delays and considerable expenditure of resources.
Works under minimal supervision. Independently determines and develops approach to solutions. Work is reviewed upon completion for adequacy in meeting objectives.
Four-year degree or equivalent experience in financial planning and analysis. Equivalent experience is defined as six years combined experience in the above areas.
Minimum Experience / Training Required
4-7 years' experience in financial planning and analysis (in addition to equivalent experience listed above, if applicable), or equivalence in planning and quantitative analysis function.
This position supports the Structural Heart Operations group. Some cost accounting knowledge is strongly preferred.
An Equal Opportunity Employer
Abbot welcomes and encourages diversity in our workforce.
We provide reasonable accommodation to qualified individuals with disabilities.
To request accommodation, please call 224-667-4913 or email email@example.com