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.

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

Our location in Santa Clara, CA , currently has an opportunity for a Senior Financial Analyst – Global Development Finance . Abbott Vascular provides innovative, minimally invasive, and cost-effective products for treatment of vascular disease.

What You’ll Work On

• 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.
• Design, develop, and publish financial dashboards and packages by identifying optimal KPI’s and metrics to track performance.
• Perform financial analysis, as directed by management, and recommend alternatives courses of action by utilizing appropriate financial tools. (e.g. NPV, IRR analysis).
• Partner with business to evaluate new business opportunities, new products, product life cycle management, business profitability, new product margin 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 effective, efficient financial processes and utilize sound financial judgements.
• Establish and cultivate an extensive support network to facilitate completion of assignments.
• Prepare accrual journal entries and assist in month end close as needed to ensure proper accounting at the functional and departmental level. Ensure compliance with applicable Corporate and Divisional Policies and procedures.
• Participate 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.
• Influence middle management on technical or business solutions.
• Plan and organize non-routine process improvement initiatives. Establishes priorities of work assignments.
• Exercise judgment in designing innovative, practical methods to achieve problem resolution.
• Work proactively to partner with management on determining and developing approaches to business solutions.
• Work cross-functionally with sales, Ops, marketing, and geography Finance to develop analytical models to support division’s annual long-range planning (OEM) regarding new portfolio pipeline and investment opportunity assessment and prioritization.

Required Qualifications ​

• Four-year degree or equivalent experience in financial planning and analysis. Equivalent experience is defined as six years combined experience in the above areas.
• 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.
• Strong Excel skills
• Knowledge of accounting principles, practices, and standards

Preferred Qualifications

• Experience with financial management systems such as Hyperion, Dodeca, or equivalent
• ERP experience with SAP or similar systems
• Experience creating reports and dashboards in PowerBI from multiple data sources
• CPA and/or MBA a plus

A pply Now

Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives:

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.

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The base pay for this position is $86,700.00 – $173,300.00. In specific locations, the pay range may vary from the range posted.