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.
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.
- 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 is based out of our Princeton, NJ location within the APOC Point of Care division.
In this role, you'll be part of the Abbott Point of Care Finance team, supporting our growing US Commercial business. You will serve as a trusted finance partner to US Commercial leadership, helping drive fact-based decision making, develop accurate P&L forecasts, and provide insights that help solve business challenges and drive business performance.
This position will manage one Financial Analyst and help establish a best-in-class FP&A function to support our expanded US Commercial organization. In addition to leading financial planning and analysis activities, you will oversee select accounting and month-end close responsibilities related to revenue recognition.
What You'll Work On:
- Lead quarterly financial forecasting (Latest Best Estimate), including sales, gross margin, and SG&A
- Partner with US Commercial leadership to support financially driven decision-making and bring business performance metrics to life
- Manage and develop one Financial Analyst, fostering a culture of professional growth, ownership, and continuous improvement
- Analyze sales data at the end-customer, distributor, and enterprise levels; monitor distributor inventory positions and trends
- Prepare monthly financial reporting packages and presentations for US Commercial leadership, highlighting trends, risks, and opportunities
- Develop financial models and ad hoc analyses to support strategic initiatives, investment decisions, and business planning activities
- Establish and enhance FP&A processes, reporting tools, and forecasting methodologies to improve accuracy and efficiency
- Design, implement, and maintain a new distributor chargeback accounting process
- Oversee month-end close activities related to revenue recognition and other commercial accounting matters
Required Qualifications:
- Bachelor’s degree in Finance, Accounting, or another quantitative field
- 7+ years of progressive experience in financial planning and analysis (FP&A) with a track record of success in roles focused on P&L forecasting, financial modeling, and management reporting
- Demonstrated experience analyzing and communicating financial results to support business decision making
- Excellent Microsoft Excel skills
Preferred Qualifications:
- Experience building, developing, and leading a team
- Proven ability to influence business decisions with financial data
- Ability to collaborate and partner across multiple stakeholders
- Experience supporting commercial or sales organizations
- Strong sense of initiative with the ability to work seamlessly independently and as part of a team
- Proactive problem solver who is keen to identify and recommend solutions
- Strong communication and presentation skills
- Knack for process improvement and simplification
- Experience with TM1, PowerON, and Power BI report building
- Experience with revenue recognition accounting and distributor chargebacks
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
$99,300.00 – $198,700.00
In specific locations, the pay range may vary from the range posted.
JOB FAMILY:
Financial Planning and Analysis
DIVISION:
APOC Point of Care
LOCATION:
United States > Princeton : 400 College Road East
ADDITIONAL LOCATIONS:
United States > Lake Forest : J55
WORK SHIFT:
Standard
TRAVEL:
Yes, 10 % 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.pdf
EEO is the Law link - Espanol: http://webstorage.abbott.com/common/External/EEO_Spanish.pdf
