ABBOTT LABORATORIES Finance Supervisor Salary in the United States

How much does a Finance Supervisor make at companies like ABBOTT LABORATORIES in the United States? The average salary for Finance Supervisor at companies like ABBOTT LABORATORIES in the United States is $123,193 as of April 24, 2024, but the range typically falls between $103,797 and $142,590. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.  View the Cost of Living in Major Cities

About ABBOTT LABORATORIES

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What does a Finance Supervisor do at companies like ABBOTT LABORATORIES?

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.

About Abbott

Abbott is a global healthcare leader, creating breakthrough science to improve people’s health. We’re always looking towards the future, anticipating changes in medical science and technology.

Working at Abbott

At Abbott, you can do work that matters, grow, and learn, care for yourself and 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 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 around the world 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 a best place to work for diversity, working mothers, female executives, and scientists.

The Opportunity

This position works out in our facilities of Lake Forest IL, in the Diagnostics Division. 

We’re empowering smarter medical and economic decision making to help transform the way people manage their health at all stages of life. Every day, more than 10 million tests are run on Abbott’s diagnostics instruments, providing lab results for millions of people.

What You’ll Work On

Our location in Lake County, IL, currently has an opportunity for a Finance Supervisor – US Commercial. This team member is responsible for assisting with all Core Lab FP&A Planning and Monthly Actuals Reporting processes for a $300 million sales channel, providing direct financial support for the US Commercial team and interfacing directly with Sales Directors and Area DVP to accomplish goals/tasks. This position works independently and collaborates with the Finance and business teams. This role is integral to the preparation and review of Plan, LBE (Latest Best Estimate) and Integrated Business Plan (IBP), as well as monthly close process and will be called upon to adapt to changes in the business environment and/or commercial strategy, implementing solutions to meet the needs of the management team. Additionally, the Supervisor will need to focus on understanding the product offerings, business dynamics, as well as establishing efficient processes and tools to effectively analyze and support new business opportunities.

  • Partner with the commercial teams to create and maintain sales forecasts for the annual Plan, monthly IBPs, and quarterly LBEs. This includes coordinating regular meetings with business teams, consolidation of regional data, challenging assumptions, and using professional judgement to create a forecast.
  • Own the P&L for assigned areas, including gross-to-net sales adjustments, customer rebate accruals, price/volume/mix analytics, and expense analysis. Investigate any significant variances and look for opportunities to improve margin. 
  • Collaborate with Commercial Excellence to understand pipeline, forecast revenue and P&L, understand and challenge key assumptions. Identify and communicate any gaps or issues in achieving targets.
  • IBP and LBE system load submissions and tie out for sales and product cost for Total USO.
  • Develop ad-hoc business analysis and present recommendations to non-finance business partners.
  • Provide financial expertise and business decision support in evaluating and identifying the key issues and gaps in business performance and emerging business needs, deliver analyses that provide a foundation for management understanding and action.
  • Maintain and develop system solutions and process improvements that meet the needs of the financial planning & reporting requirements.
  • Facilitate the monthly area close process and resolution of close issues, including Tracks accounting, instrument sales margin, etc.
  • Ensure appropriate integrity and reasonableness of financial data as well as compliance with Corporate & Division financial policies and procedures.
  • Responsible for adherence to Abbott accounting policies and procedures (CFMs) and Sarbanes Oxley requirements.
  • Meet timing and quality standards to facilitate effective senior management review and decision-making.
  • This role is involved in special projects with the Finance Director and other members of the commercial team and is expected to proactively look for ways to improve the planning and reporting processes.

Required Qualifications

  • Bachelor's degree, preferably in finance or accounting or an equivalent combination of education and work experience.  
  • Four or more years of financial experience demonstrating a progressive level of responsibility.

Preferred Qualifications

  • Demonstrated ability to provide data and analysis to support decision making, methodical approach to problem solving and rational ideas supporting them, ability to keep learning and to teach others, traditional accounting knowledge and facilitator of management needs, streamlining functions within the department.
  • Master’s degree/CPA.
  • High proficiency in Microsoft office suite, primarily Microsoft Excel and Power Point.
  • Proficiency in TM1, Cognos and SAP are a plus.
  • Ability to operate independently with broad scope of responsibility under minimal supervision and under challenging time constraints.
  • Oral and written ability to communicate clearly, concisely and accurately with all levels of the organization.
  • Ability to facilitate interpretation and understanding of data, identify risks, develop recommendations and implement solutions.

.

* 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:  www.abbottbenefits.com

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 www.abbott.com, on Facebook at www.facebook.com/Abbott and on Twitter @AbbottNews and @AbbottGlobal.



The base pay for this position is $80,700.00 – $161,300.00. In specific locations, the pay range may vary from the range posted.

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Understand the total compensation opportunity for Finance Supervisor at companies like ABBOTT LABORATORIES, base salary plus other pay elements

Average Total Cash Compensation

Includes base and annual incentives

$103,797
$142,590
$123,193
The chart shows total cash compensation for the ABBOTT LABORATORIES Finance Supervisor in the United States, which includes base, and annual incentives can vary anywhere from $103,797 to $142,590 with an average total cash compensation of $123,193. Total compensation includes the value of any benefits received in addition to your salary and some of the benefits that are most commonly provided within a total compensation package including bonuses, commissions, paid time off, and Insurance. The total cash compensation may get paid differently by industry, location, and other factors.
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