Senior Financial Analyst

Senior Financial Analyst

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 114,000 colleagues serve people in more than 160 countries.

Abbott is a global healthcare leader, creating breakthrough science to improve people's health. We're always looking towards the future, anticipating changes in medical science and technology.

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.
• Free medical coverage for employees* via the Health Investment Plan (HIP) PPO
• 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.

We are recruiting for a Senior Financial Analyst to join our team in our Plymouth, MN location with the Electrophysiology Medical Devices team. In Abbott's Electrophysiology (EP) business, we're advancing the treatment of heart disease through breakthrough medical technologies in atrial fibrillation, allowing people to restore their health and get on with their lives.

In this role, you will be responsible for supporting the new product development team in establishing product cost targets, cost analysis, reporting and for any ad hoc analysis requested from leadership.

What You'll Work On:

• Provides cost planning, analysis and reporting to management for new product introduction, which likely includes projecting production cost for labor, material and yield, maintaining and updating cost models, partnering with new product development managers to develop, monitor target cost and providing variance analysis.
• Provides timely and accurate reporting to management leveraging your knowledge of the finance systems and your familiarity with the business operations.
• Based on reporting and analysis, make recommendations to finance management to save costs, scale for the future and maintain data accuracy.
• Provides monthly reporting to finance department leadership relating to new product introduction financial impact.
• Serves as finance subject expert for new product costing and leads special projects as assigned by finance management
• Execute reporting based on pre-established schedules for monthly and quarterly reporting.

Required Qualifications:

• Bachelor's degree in finance, Accounting, Business or related field
• 4+ years of experience performing month-end close activities, financial and variance analysis, and/or forecasting in a manufacturing environment
• Proficient with MS Office Suite (Excel, PowerPoint and Word)
• Demonstrated experience working with financial system applications
• Strong verbal and written communication skills
• Strong attention to detail.

Preferred Qualifications:

• MBA, CPA or CMA preferred
• Working knowledge of Hyperion Essbase and/or SAP
• Ability to work effectively and with flexibility under uncertainty and changing priorities.

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.