Financial Analyst – ADD R&D

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 103,000 colleagues serve people in more than 160 countries.

JOB DESCRIPTION:

Abbott Diagnostics (ADD) has an opening for a Financial Analyst – R&D – FP&A.  This individual will provide financial support for the R&D Team for Plan, RLBEs, Confirmations, Actuals Reporting, Balance Sheet, and ad hoc activities. 

Responsibilities include:

• Provide financial support for respective R&D Director within Research (DxR) Diagnostics.  
  • Month-end close support including cost center tracking and reporting, and variance analysis
  • Development of departmental spending and headcount forecasts for rolling LBE submissions
  • Prepare financial packages and meet with R&D upper management regarding actuals/LBE
  • Monthly deep dives into project-related spend inquiries
• Provide support to the team including:
  • Own monthly, LBE, and Plan rollup file and process
  • Run monthly processes for T&E, Payroll analysis, Balance Sheet updates, BU split reporting, Actuals tie out including Exchange, DPO Analysis, Reporting Package, and journal creation.
  • Assist in managing the Royalty payment and actuals process.
• Ad-Hoc Projects
  • Identify process improvements to streamline month-end close and other activities to decrease time and complexity of tasks.

Highlights:

• Work with a small finance group in an inclusive environment centered on teamwork and collaboration
• Extensive interaction with R&D business partners from monthly LBE meetings to dissect financials to long-range forecasting for new product and projects
• Exposure to the core of ADD products – Immunoassay and Clinical Chemistry (IACC)
• Key financial business partner that supports selected R&D departments throughout assignment
  • Presents the unique opportunity to be involved in high level project meetings and strategic planning.
• A blend of standard analyst work in addition to long-term projects ensures a wide range of experiences while emphasizing the importance of time management.

Minimum Education:

Bachelor’s Degree in Finance or Accounting required. 

Minimum Experience:

• Ability to communicate clearly, concisely and accurately with all levels of the organization
• Ability or aptitude to apply knowledge of financial processes, accounting methodologies and division specific operations.
• Ability to demonstrate problem-solving skills and analytical skills.

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