Finance Supervisor

Abbott • Lake Forest, CA

3d

About The Position

Abbott Diagnostics is seeking a Finance Supervisor for its US Commercial team in Lake County, Illinois. The role supports Core Lab financial planning and analysis, planning and monthly actuals reporting for a sales channel with approximately $300 million in sales, and provides direct financial support to the US Commercial team. It works independently while collaborating with Finance and business teams and interfacing with Sales Directors and Area DVPs.

The Finance Supervisor contributes to the preparation and review of the annual Plan, Latest Best Estimate (LBE), Integrated Business Plan (IBP), and monthly close. The role requires understanding Abbott’s product offerings and business dynamics, adapting to changes in the business environment or commercial strategy, and developing efficient processes and tools to analyze and support business opportunities. The position also supports management decision-making through financial analysis, recommendations, and reliable reporting.

Requirements

• 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 progressive responsibility.
• Ability to operate independently with broad responsibility under minimal supervision and challenging time constraints.
• Clear, concise, and accurate oral and written communication with all levels of the organization.
• Ability to interpret data, identify risks, develop recommendations, and implement solutions.

Nice To Haves

• Master’s degree or CPA.
• Demonstrated ability to provide data and analysis to support decision-making.
• Methodical problem-solving approach and ability to develop rational supporting ideas.
• Ability to continue learning and teach others.
• Traditional accounting knowledge and ability to facilitate management needs.
• Experience streamlining departmental functions.
• High proficiency in Microsoft Office, especially Excel and PowerPoint.
• Proficiency in TM1, Cognos, and SAP.

Responsibilities

• Partner with commercial teams to create and maintain sales forecasts for the annual Plan, monthly IBPs, and quarterly LBEs; coordinate meetings, consolidate regional data, challenge assumptions, and apply professional judgment in forecasting.
• Own the P&L for assigned areas, including gross-to-net sales adjustments, customer rebate accruals, price/volume/mix analytics, and expense analysis.
• Investigate significant variances and identify opportunities to improve margin.
• Collaborate with Commercial Excellence to understand the pipeline, forecast revenue and P&L, and understand and challenge key assumptions.
• Identify and communicate gaps or issues in achieving targets.
• Prepare IBP and LBE system load submissions and tie out sales and product cost for Total USO.
• Develop ad hoc business analyses and present recommendations to non-finance business partners.
• Provide financial expertise and decision support by evaluating business performance, identifying issues and emerging needs, and delivering analyses that support management understanding and action.
• Maintain and develop system solutions and process improvements for financial planning and reporting requirements.
• Facilitate the monthly area close process and resolve close issues, including Tracks accounting and instrument sales margin.
• Ensure financial data integrity and reasonableness and compliance with Corporate and Division financial policies and procedures.
• Ensure adherence to Abbott accounting policies and procedures (CFMs) and Sarbanes-Oxley requirements.
• Meet timing and quality standards for effective senior management review and decision-making.
• Participate in special projects with the Finance Director and commercial team, and proactively seek improvements to planning and reporting processes.

Benefits

• Free medical coverage for employees through the Health Investment Plan (HIP) PPO.
• Retirement savings plan with high employer contribution.
• Tuition reimbursement.
• Freedom 2 Save student debt program.
• FreeU education benefit, offering an affordable and convenient path to a bachelor’s degree.
• Career development opportunities.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager