ABBOTT LABORATORIES Financial Analyst Salary in the United States

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

Financial Analyst

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 of our St Paul, MN  location in the Medical Device division, supporting our IT organization. This opportunity has the opportunity for hybrid work up to 2 days per week.

As an experienced, Financial Analyst our focus is on IT programs and digital capabilities is growing in an environment that is constantly evolving and challenging the investments we have available.  Therefore, visibility to program spend and optimizing our investment dollars is critical. 

What You’ll Work On

• Responsible for budget management for Medical Devices IT related activities; including monthly reporting of all IT activity and variance analysis to forecast benchmarks.
• Track IT project activity from multiple ledgers and systems and provide a consolidated view to leadership with actuals tracking and forward-looking budget insights for combined P&L expense and capital views.
• Collaborate with Corporate IT to identify projects with shared funding and help determine and negotiate budget ownership and ensure alignment with Medical Device leadership.
• Work with IT project managers, taking a lead role in reviewing capital expenditure project approval packages (referred to as RCEs, request for capital expenditures) ensuring the financials are accurate and the proposal is concise and polished for leadership review and approval.
• Broader capital responsibility to help consolidate Capital metrics across the Medical Device Business Units. 
• Assume other ad hoc responsibilities as assigned by manager.
• Use the most effective, cost efficient and best business practices to execute processes; continuously evaluates their effectiveness and business value.
• Exercises judgment in planning, organizing, and performing work; monitors performance and reports status within area of responsibility
• Ensure that quality of services meets internal and external customer requirements, and remains current on developments in field(s) of expertise
• Represent the organization and resolve problems/determine priorities related to the above

We’re excited about you if you have:

Required Qualifications

• Bachelor’s Degree in Finance, Accounting, Business Administration, or related field.
• 2 years of related experience in finance with increasing responsibility.
• Comprehensive knowledge of balance sheet transactions and their impacts on the income statement.
• 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.
• A qualified record of implementing new processes effectively and efficiently.
• Strong verbal and written communications with ability to effectively communicate at multiple levels in the organization.
• A qualified record of delivering information that adds value to management’s decision-making process.
• Effectively multitasks, prioritizes, and meets deadlines in timely manner without sacrificing quality.
• Strong analytical skills, applies/uses good judgement, attention to detail and demonstrated capacity for accuracy.
• Strong Microsoft Office skills.  Must be skilled at building and maintaining Excel-based financial models.
• Must be able to perform in a diverse cross-functional team environment.

Preferred Qualifications

• MBA, CPA, CMA, or CPIM designation or equivalent.
• Prior experience with IT budget management and/or experience in a high-tech, product-manufacturing environment.
• Positive attitude and a self-starter with the ability to work independently across various levels of management.
• Experience with SAP ERP system software and Hyperion Planning/Essbase systems.

Apply Now

* 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.