Finance Supervisor

Finance Supervisor – US Commercial 

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, nutritional and branded generic medicines. Our 109,000 colleagues serve people in more than 160 countries. 

About Abbott Diagnostics 

Diagnostic testing is a compass, providing information that helps in the prevention, diagnosis and treatment of a range of health conditions.  

Abbott’s life-changing tests and diagnostic tools give you accurate, timely information to better manage your health. 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. 

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 the Digital Health Systems Business Unit, providing direct financial support for the US Digital Health team and interfacing directly with Manager Directors 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. This role is also responsible for the US Commercial Balance Sheet actuals reporting and forecasting. 

WHAT YOU’LL DO  

• Partner with the Digital Healthy Systems (DHS) 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 DHS P&L, including price/volume/mix analytics, and expense analysis. Investigate any significant variances and look for opportunities to improve margin.   

• Own the DHS reporting to the Global DHS and Global Commercial Organization teams. 

• 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.  

• LBE system load submissions. 

• 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. 

• Develop flexible, comprehensive tools to support commercial program proposals focused on ROI and fully burdened margin profitability to support various business needs, including training to improve the financial understanding of the key nonfinancial commercial management & staff. 

• 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 revenue recognition software calculations and supporting documentation. 

• Own the balance sheet LBE forecasting and actuals reporting for the US Commercial Organization, including analysis and commentary provided to the Global Commercial Organization. 

• 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. 

EDUCATION AND EXPERIENCE YOU’LL BRING 

Required  

• Bachelor's degree with concentration in accounting or finance or an equivalent combination of education and work experience.  

• 4 years of finance experience to include roles of increasing responsibility in accounting and/or finance 

• 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.  

Preferred  

• High proficiency in Microsoft office suite, primarily Microsoft Excel and Power Point. 

• Proficiency in TM1, Cognos and SAP is 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.  

• Master’s degree/CPA. 

WHAT WE OFFER  

At Abbott, you can have a good job that can grow into a great career. We offer: 

• Training and career development, with onboarding programs for new employees and tuition assistance  

• Financial security through competitive compensation, incentives and retirement plans  

• Health care and well-being programs including medical, dental, vision, wellness and occupational health programs 

• Paid time off  

• 401(k) retirement savings with a generous company match 

• The stability of a company with a record of strong financial performance and history of being actively involved in local communities 

Learn more about our benefits that add real value to your life to help you live fully:  www.abbottbenefits.com  

Follow your career aspirations to Abbott for diverse opportunities with a company that provides the growth and strength to build your future. 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.