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Abbott · 12 hours ago

Senior Financial Analyst

St Paul, MN

Full-time

Onsite

Mid, Senior Level

$78K/yr - $156K/yr

5+ years exp

Abbott is a global healthcare leader that helps people live more fully at all stages of life. The Senior Financial Analyst will provide cost planning, analysis, and reporting to leadership for assigned manufacturing entities, making recommendations to reduce costs and ensure regulatory compliance.

BiotechnologyEmergency MedicineGeneticsHealth CareHealth DiagnosticsManufacturingMedicalMedical DeviceNutritionPharmaceutical

Responsibilities

Provides cost planning, analysis and reporting to management for assign manufacturing site/s which likely includes : setting production cost standards for labor and material, maintaining and updating standard cost files, partnering with manufacturing entity managers to develop and track budgets, updating forecasts, providing variance analysis, providing product cost analysis, etc

Provides sophisticated reporting to management due to extensive knowledge of the finance systems and high familiarity with the business operations

Based on reporting and analysis, makes recommendations to finance management to save costs, scale for the future and maintain data accuracy. This may include recommendations relating to purchase price, scrap, inventory cycle counts, work order volume, etc

Serves as finance subject expert for assigned manufacturing entity/ies and leads special projects as assigned by finance management

Executes annual goals as assigned based on manufacturing site operating plans and finance department needs

Provides month end reporting to finance department leadership

Executes reporting based on pre-established schedules for quarterly corporate reporting, external audits and internal audits

Support all Company initiatives as identified by management and in support of Quality Management Systems (QMS), Environmental Management Systems (EMS), and other regulatory requirements

Complies with U.S. Food and Drug Administration (FDA) regulations, other regulatory requirements, Company policies, operating procedures, processes, and task assignments. Maintains positive and cooperative communications and collaboration with all levels of employees, customers, contractors, and vendors

Qualification

Cost analysisFinancial reportingGAAPExcelSAPManufacturing experienceInventory managementCommunication skills

Required

Bachelor's Degree in Finance, Accounting, Business Administration or related field

5+ years of experience in accounting and/or finance in a manufacturing environment, including experience in cost analysis and reporting, working with inventory and COGS, cycle counting, establishing and maintaining standard costs, and/or variance analysis and forecasting

Extensive knowledge of GAAP, financial reporting, and manufacturing issues

Advanced level proficiency utilizing Excel

Previous experience working in a highly matrixed and geographically diverse business environment

Strong verbal and written communications with ability to effectively communicate at multiple levels in the organization

Preferred

Advanced level degree in Finance, Accounting, Business Administration or related field

Medical device experience

Advanced level proficiency with SAP

Benefits

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 a 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.