Senior Financial Analyst, FP&A

$72,700 - $145,300/Yr

Abbott Laboratories - Saint Paul, MN

Full-time - Mid Level

Saint Paul, MN

10,001+ employees

Miscellaneous Manufacturing

About the position

The Senior Financial Analyst in FP&A at Abbott plays a crucial role in the Structural Heart division, focusing on financial planning, forecasting, and reporting. This position partners with leadership to enhance financial ownership, cost efficiency, and process improvement, ensuring timely and accurate financial insights that drive business decisions.

Responsibilities

• 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.
• Prepare journal entries and assist in month end close as needed to ensure proper accounting at the functional and departmental level.
• Prepare and distribute financial reports and packages by gathering and analyzing information related to current performance.
• Perform financial analysis, as directed by management, and recommend alternatives courses of action by utilizing appropriate financial tools (e.g. EVA, NPV analysis).
• Evaluate new business opportunities, potential acquisitions, new products, tax 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 and utilize sound financial processes.
• Establish and cultivate an extensive network of support to facilitate completion of assignments.
• Participate in the development of less experienced staff by setting an example, providing guidance, and offering counsel.
• Plan and organize non-routine tasks with approval, initiating or maintaining work schedule and establishing priorities of work assignments.
• Exercise judgment in selecting innovative, practical methods to achieve problem resolution.

Requirements

• Bachelor's Degree in Accounting, Finance, or related discipline
• 4+ years of Financial Planning and Analysis experience
• Advanced level of proficiency with Excel (e.g., Pivot tables, VLOOKUP, other functionalities)
• Proficiency with PowerPoint
• Excellent verbal and written communication skills with ability to communicate financial results based on audience
• Strong analytical and critical thinking skills
• Accuracy and attention to detail

Nice-to-haves

• Master's Degree in Accounting, Finance, or related discipline
• Progressive accounting and/or financial planning and analysis experience in a cost accounting/manufacturing industry environment
• Experience with SAP ERP and Hyperion Planning/Essbase systems
• Ability to manage tight time commitments in high-pressure situations
• Ability to work effectively under uncertainties and flexibility to meet changing priorities in a proactive manner
• Strong results orientation and bias for action including a high degree of initiative
• Self-motivation in understanding business needs and leading others to meet those needs

Benefits

• Free medical coverage for employees via the Health Investment Plan (HIP) PPO
• Excellent retirement savings plan with high employer contribution
• Tuition reimbursement
• Freedom 2 student debt program
• FreeU education benefit - an affordable and convenient path to getting a bachelor's degree