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.
Finance Manager - R&D and Regulatory Affairs
Finance Full time United States - Illinois - Lake Forest Internal (On-site)
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 will 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 (https://www.abbott.com/corpnewsroom/strategy-and-strength/tackling-student-debt-for-our-employees.html) student debt program and FreeU (https://www.abbott.com/corpnewsroom/strategy-and-strength/college-degree-for-free-its-possible-with-freeu.html) 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
Abbott Core Diagnostics has an opening for a Finance Manager at our Lake Forest, Illinois location. This individual is the financial business partner and counsel to Core Diagnostics R&D and Regulatory Affairs leadership. This position participates in strategic initiatives and provides financial information which enables timely and effective decision making. This role has full responsibility for the planning and execution of key financial processes across Core Diagnostics R&D and Regulatory Affairs, including Plan, RLBEs, Confirmations, Actuals Reporting, and Balance Sheet. This role is also heavily involved in strategic decisions on staffing and project resourcing.
What You Will Work On
Lead and manage the development of annual and quarterly budgets for Core Lab R&D organizations, Research, Assay Development, Medical/Clinical Affairs, Regulatory, new product development Support/Engineering/Program Management Office (PMO), and Digital Health solutions. Coordinate with PMO to understand and incorporate R&D Long Range Portfolio and Commercial prioritization when developing quarterly RLBE. Prepare RLBE Review presentations and all required Division/Corporate schedules. Strong communication and business partnership is a must.
Responsibilities include:
Forecasting & Planning :
Lead and manage the development of quarterly RLBE and Confirmation processes for Core Lab R&D and Regulatory Affairs organizations. Develop timely and accurate P&L and Balance Sheet forecasts for all spend. Understand and communicate key forecast assumptions and potential material risks and opportunities to the forecasts. Lead RLBE and Confirmation reviews with R&D Controller. Prepare schedules and commentary required for Division submission and presentations to senior leadership.
Reporting:
Develop and distribute monthly actuals reporting packages. Prepare R&D VP and Regulatory Affairs DVP Staff Meeting monthly review packages. Prepare and/or review other monthly financial results presentations for each R&D organization as needed. Review and understand actual financial results for the organization including ensuring the accuracy of financial information and related operational metrics including comparisons to appropriate benchmarks. Ensure timely submission of R&D actuals and required commentary to Division.
Develop timely and accurate Balance Sheet forecasts for Plan and RLBEs. Periodically review Balance Sheet to ensure accuracy. Review and approve all Balance Sheet reconciliations prepared by R&D FP&A. Provide oversight on Genpact/Hub prepared Balance Sheet reconciliations when needed.
Process:
Assume a significant leadership role in the identification, development and implementation of financial policies and procedures across the R&D and Regulatory Affairs organization. Identify and implement creative solutions to complex financial challenges in an environment of changing business needs. Provide financial counsel to all business partners and prepare ad hoc analyses as required.
Managerial:
Lead, motivate, manage, and develop a professional staff of three through education, training, coaching and guidance. Direct the day-to-day execution of the FP&A team to achieve the organization's business and financial goals. Maintain internal processes, procedures, and controls to ensure the integrity of financial assets and accuracy of financial statements and forecasts in compliance with Division/Corporate financial policies and procedures and SOX requirements. Implement and maintain the effectiveness of the quality system.
Required Qualifications
Bachelor's degree in finance or accounting required
Must have 5-8 years of progressive finance experience supporting Commercial, Operation and/or R&D organizations.
Experience in multiple functions a plus. Sound financial analysis, sales forecasting, and dynamic modeling skills
Communicate clearly, concisely, and accurately with all levels of the organization
Must have strong interpersonal skills, ability to influence others without direct authority, good negotiating skills, solid analytical ability, and ability to think and adapt quickly in a changing environment
Preferred Qualification:
MBA and/or CPA preferred
Apply Now (https://www.jobs.abbott/us/en)
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 (http://www.abbottbenefits.com/pages/candidate.aspx)
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 $111,300.00 - $222,700.00. In specific locations, the pay range may vary from the range posted.
An Equal Opportunity Employer
Abbot welcomes and encourages diversity in our workforce.
We provide reasonable accommodation to qualified individuals with disabilities.
To request accommodation, please call 224-667-4913 or email corpjat@abbott.com
