Principal Financial Analyst

Abbott • Pleasanton, CA

3d • Onsite

About The Position

This position works out of our Pleasanton, CA office in the Heart Failure Division. In Abbott’s Heart Failure (HF) business, we’re developing solutions to diagnose, monitor and manage heart failure, allowing people to restore their health and get on with their lives. We are seeking an experienced, high caliber Principal Financial Analyst who will focus on finance tasks supporting Heart Failure Operations for the Portland Manufacturing Site. This includes preparing financial budgets, workforce planning & analysis, assisting with monthly financial closing activities, analysis and review of operating results, assisting business partners with all required finance tasks, ad hoc analysis, and presentations. The candidate will also possess an aptitude for utilizing financial systems to drive submission, consolidation and analysis of the business (SAP, Hyperion, PowerBI, etc).

Requirements

• A bachelor’s degree in finance, accounting, a related field, or equivalent.
• 5+ years of finance experience with progressively more responsibility.
• Demonstrable experience utilizing finance software: SAP, Hyperion/Essbase, or other similar tools.
• Comprehensive knowledge of balance sheet transactions and their impacts on the income statement.
• Ability to prioritize deliverables for timely submissions and reviews.
• Advanced computer skills including spreadsheet, word processing, database management, and other relevant applications.
• Excellent oral and written communication skills with effective executive presence.
• Must be able to travel to Portland, OR once or twice per quarter to maintain strong relationships with business partners at the site.

Nice To Haves

• A qualified record of implementing new processes effectively and efficiently.
• In-depth knowledge and experience of GAAP.
• Documented record of delivering information that adds value to management’s decision-making process.
• Ability to meet the deadlines on multiple assignments.
• Must be able to perform in a diverse cross-functional team environment.
• Strong analytical and problem-solving skills to understand the “why” of business drivers.
• Ability to work independently and with senior management.
• Ability to communicate effectively across all levels of the organization.
• 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.
• Ability to leverage and/or engage others to accomplish projects.
• An advanced credential, such as an MBA, CPA, CMA, or CPIM designation or equivalent.
• Prior standard cost and cost accounting experience.

Responsibilities

• Exercise judgment in planning, organizing and performing work; monitors performance and reports status within area of responsibility with a bias towards early action and cost/benefit analysis.
• Develop budgets and forecasts in support of annual Plan and quarterly LBE (Latest Best Estimate) for Portland Operations.
• Perform variance analysis and identify key drivers in support of business performance improvement and strategic decision-making.
• Perform monthly accounting responsibilities for month-end close including journey entry preparation, spend/headcount review, variance analyses, and reporting of month end results to management.
• Conduct regular financial reviews with business partners to communicate financial performance and key business issues and provide valuable insight to help business achieve financial goals.
• Understand the business as a subject matter expert, represents the business in finance decisions.
• Once a year develop, create and load updated standard cost into SAP.
• Support the business in the preparation of capital purchase requisitions.
• Participate in ad hoc analysis and reporting as required by finance management and/or the groups supported.
• Comply with U.S. Food and Drug Administration (FDA) regulations, other regulatory requirements, Company policies, operating procedures, processes, and task assignments.
• Maintain positive and cooperative communications and collaboration with all levels of employees, customers, contractors, and vendors.
• Execute annual goals and objectives as defined by the HF Finance team.

Benefits

• Employees can qualify for free medical coverage in our Health Investment Plan (HIP) PPO medical plan in the next calendar year.
• An excellent retirement savings plan with a 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.

What This Job Offers

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