ABBOTT LABORATORIES Global Commercial Finance Manager Salary in the United States

How much does a Global Commercial Finance Manager make at companies like ABBOTT LABORATORIES in the United States? The average salary for Global Commercial Finance Manager at companies like ABBOTT LABORATORIES in the United States is $142,398 as of April 24, 2024, but the range typically falls between $123,087 and $161,710. 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

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What does a Global Commercial Finance Manager 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 103,000 colleagues serve people in more than 160 countries.

Position Summary:

We are recruiting for a Global Commercial Finance Manager to join our team in the Austin, TX location.  You will be representing and supporting Abbott’s Electrophysiology (EP) and Heart Failure business units on all financial issues relating to the Divisional Sales Leadership. In this role, you will be accountable for implementing systems, reporting and procedures to maximize access to financial information on which to base strategic business decisions, plan and direct the respective geographies financial planning and analysis activities, including monthly financial reporting, operating plan budgets, strategic plan revenue forecasting, forecast development, and continuous improvement initiatives. 

Primary Responsibilities:

  • Provides financial and operational direction and support to the Global EP/HF Sales Leadership Team.  This includes recommending, developing, and providing business insights in financial reporting and business processes
  • Interfaces with Sr. VP of Global Sales, DVP of Finance, Division/Area/Region Sales management for periodic reviews of sales productivity metrics, revenue, expenses and capital budgets, to discuss variances to plan, provide insights to the business, to discuss capital requirements, and assess return on investments
  • Prepares annual budget and periodic financial forecasts for the global sales leadership
  • Prepares weekly sales reports / analysis, to the Global Sales and Finance Leadership Teams
  • Manages the preparation of the annual Operating Plan, Strategic Plan and quarterly Forecasting process, ensuring the accuracy and timeliness of supporting schedules and analysis
  • Manages the loading of the annual Operating Plan, Strategic Plan and quarterly Forecast data within the Financial and Sales Reporting tools
  • Prepares financial scenario / business valuation analysis at request of management
  • Preparation of Monthly and Quarterly KPI Reports to Management, which includes causal analysis of monthly results as compared to Plan, Forecast and Prior Year
  • Provide tactical and strategic plan recommendations with the proper supporting financial analysis.
  • Prepare and assist with Ad-Hoc analysis for management requests or presentations
  • Develop and execute on continuous improvement initiatives to improve growth, profitability, and process
  • Performs special projects as needed to support global EP/HF businesses
  • Remains current on developments in field(s) of expertise, regulatory requirements, as well as industry trend
  • Facilitates effective cross-group collaboration between Financial Planning and Analysis team and the sales management within the geographies
  • Makes recommendations as appropriate to improve performance
  • Ability to travel 25-30% to direct offices globally and regional sales leadership meetings & events

Required Qualifications:

  • Bachelor’s Degree in Accounting, Finance, Business or a related discipline
  • 10+ years of progressive finance experience including, financial planning, data and variance analysis, and financial and data consolidation
  • Highly proficient in collaborating with project stakeholders (client and internal), end-users, business partners, and technical team members to ensure proper systems and plan alignment
  • Excellent verbal and written communication skills, with ability to communicate to all levels of the organization
  • Demonstrated experience in leading and/or presenting to teams and senior leadership
  • Experience collaborating with cross-functional teams in a geographically diverse, matrixed organization
  • Proficient in MS Office (Word, Excel, PowerPoint, Outlook, and MS Project)

Preferred Qualifications:

  • Advanced degree in a related discipline
  • Medical device experience
  • Prior experience working with SAP, Dodeca and Business Objects
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$123,087 Low Average $142,398 High $161,710

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

Average Total Cash Compensation

Includes base and annual incentives

$123,087
$161,710
$142,398
The chart shows total cash compensation for the ABBOTT LABORATORIES Global Commercial Finance Manager in the United States, which includes base, and annual incentives can vary anywhere from $123,087 to $161,710 with an average total cash compensation of $142,398. 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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