Principal Financial Analyst

Company: Abbott Laboratories
Location: Pleasanton
Posted on: November 13, 2024

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 114,000 colleagues serve people in more than 160 countries.Job TitlePrincipal Financial AnalystWorking at AbbottAt Abbott, you can do work that matters, grow, and learn, care for yourself and your 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.
• Free medical coverage for employees* via the Health Investment Plan (HIP) PPO
• An excellent retirement savings plan with a high employer contribution
• Tuition reimbursement, the student debt program, and 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 worldwide 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 the best place to work for diversity, working mothers, female executives, and scientists.The Opportunity This position works out of our Pleasanton, CA office in the Heart Failure Division. In Abbott's Heart Failure (HF) business, we're developing solutions to diagnose, monitor and manage heart failure, allowing people to restore their health and get on with their lives.We are seeking an experienced, high caliber Principal Financial Analyst who will focus on Finance tasks supporting Heart Failure Operations. This includes preparing financial budgets, workforce planning & analysis, assisting with monthly financial closing activities, analysis and review of operating results, assisting business partners with all required finance tasks, ad hoc analysis, and presentations. The candidate will also possess an aptitude for utilizing financial systems to drive submission, consolidation and analysis of the business (SAP, Hyperion, PowerBI, etc).What You'll Work On
  • Exercise judgment in planning, organizing and performing work; monitors performance and reports status within area of responsibility with a bias towards early action and cost/benefit analysis.
  • Routinely perform financial planning and analysis activities for the Heart Failure Supply Chain function, which may include any combination of the following areas: budgeting and forecasting, detailed variance analysis, headcount analysis, inventory reporting and forecasting, purchase requisition approvals, capital management.
  • Participate in the monthly closing process, including the preparation of journal entries and conducting research across multiple financial systems. Provides analytical insight into budget variances and performance.
  • Prepare and distribute financial reports and packages by gathering and analyzing information related to current performance.
  • Partner with business to develop month-end analysis and commentary related to the financial close cycle and quarterly Latest Best Estimate (LBE) cycles.
  • Understand the business as a subject matter expert, represents the business in finance decisions.
  • Support the business in the preparation of capital purchase requisitions.
  • Participate in ad hoc analysis and reporting as required by finance management and/or the groups supported.
  • Comply with U.S. Food and Drug Administration (FDA) regulations, other regulatory requirements, Company policies, operating procedures, processes, and task assignments.
  • Maintain positive and cooperative communications and collaboration with all levels of employees, customers, contractors, and vendors.
  • Execute annual goals and objectives as defined by the HF Finance team.Required Qualifications
    • A Bachelor's Degree in Business Administration, Finance, Accounting, a related field, or equivalent.
    • 5+ years of finance experience with progressively more responsibility.
    • Demonstrable experience utilizing finance software: SAP, Hyperion/Essbase, or other similar tools.
    • Comprehensive knowledge of balance sheet transactions and their impacts on the income statement.
    • Ability to prioritize deliverables for timely submissions and reviews.
    • Advanced computer skills including spreadsheet, word processing, database management, and other relevant applications.
    • Excellent oral and written communication skills with effective executive presence.Preferred Qualifications
      • A qualified record of implementing new processes effectively and efficiently.
      • An in-depth knowledge and experience of GAAP.
      • Documented record of delivering information that adds value to management's decision-making process.
      • Ability to meet the deadlines on multiple assignments.
      • Must be able to perform in a diverse cross-functional team environment.
      • Strong analytical and problem-solving skills to understand the "why" of business drivers.
      • Ability to work independently and with senior management.
      • Ability to communicate effectively across all levels of the organization.
      • Ability to work in a highly matrixed and geographically diverse business environment.
      • Ability to work within a team and as an individual contributor in a fast-paced, changing environment.
      • Ability to leverage and/or engage others to accomplish projects.
      • An advanced credential, such as an MBA, CPA, CMA, or CPIM designation or equivalent.* Participants who complete a short wellness assessment qualify for FREE coverage in our HIP PPO medical plan. Free coverage applies in the next calendar year.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.Connect with us at , on Facebook at , and on X @AbbottNews.
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Keywords: Abbott Laboratories, Palo Alto , Principal Financial Analyst, Accounting, Auditing , Pleasanton, California