Senior Financial Analyst

$72,700 - $145,300/Yr

Abbott Laboratories - Austin, TX

Full-time - Mid Level

Austin, TX

10,001+ employees

Miscellaneous Manufacturing

About the position

The Senior Financial Analyst at Abbott's Neuromodulation division is responsible for financial planning, reporting, and analysis. This role involves preparing financial forecasts, monitoring departmental spending, and conducting financial analyses to recommend actionable insights. The position plays a crucial role in evaluating new business opportunities and developing financial processes to support the company's objectives.

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.
• May lead a project team and participate in determining goals and objectives for projects.
• Influence middle management on technical or business solutions.
• Interact with vendors as needed.
• Plan and organize non-routine tasks with approval and establish priorities of work assignments.

Requirements

• Bachelor's degree in a related field or an equivalent combination of education and work experience.
• 4+ years of relevant experience.

Nice-to-haves

• Master's Degree in related field.
• Medical device industry experience.
• Strong experience with SAP ERP system software and Hyperion Planning/Essbase systems.
• Skilled in the use of financial modeling.
• Strong working knowledge of Microsoft Excel.

Benefits

• Free medical coverage for employees via the Health Investment Plan (HIP) PPO.
• Excellent retirement savings plan with high employer contribution.
• Tuition reimbursement and the Freedom 2 Save student debt program.
• FreeU education benefit for obtaining a bachelor's degree.
• Training and career development with onboarding programs for new employees.
• Financial security through competitive compensation, incentives, and retirement plans.
• Health care and well-being programs including medical, dental, vision, wellness, and occupational health programs.
• Paid time off.
• 401(k) retirement savings with a generous company match.