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Abbott
Principal Financial Analyst
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What they do
A Financial Analyst evaluates investment opportunities and makes recommendations to individuals and businesses. Analyzes the performance of different types of investments, studies business and economic trends and analyzes data to project company earnings
$99,687 / year median in California
-21% projected decline
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 115,000 colleagues serve people in more than 160 countries. Job Title Principal Financial Analyst Working at Abbott At 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. 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. 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 for the Portland Manufacturing Site. 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. Develop budgets and forecasts in support of annual Plan and quarterly LBE (Latest Best Estimate) for Portland Operations. Perform variance analysis and identify key drivers in support of business performance improvement and strategic decision-making. Perform monthly accounting responsibilities for month-end close including journey entry preparation, spend/headcount review, variance analyses, and reporting of month end results to management. Conduct regular financial reviews with business partners to communicate financial performance and key business issues and provide valuable insight to help business achieve financial goals. Understand the business as a subject matter expert, represents the business in finance decisions. Once a year develop, create and load updated standard cost into SAP. 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 finance, accounting, a related field, or equivalent. 5+ years of finance experience with progressively more responsibility.