Senior Financial Analyst

Abbott • Princeton, FL

1d • Onsite

About The Position

The Senior Financial Analyst is responsible for financial planning, reporting and analysis for the Princeton Site and business unit strategic finance, with a strong focus on financial performance monitoring, standard costing, forecasting, and month-end close. This role collaborates with Operations, Site Leadership and the broader Finance including Area and Division HQ FP&A. This position works out of our Princeton, NJ location in the Abbott Point of Care (APOC), Diagnostics Division. Abbott Point of Care is a global leader in providing critical medical diagnostic and data management products for rapid blood analysis that are intuitive, reliable, and cost-effective. Our i-STAT System is an advanced, portable diagnostic tool that provides real-time, lab-quality results within minutes to accelerate patient-care decision-making. The i-STAT System has the industry’s most comprehensive menu of tests in a single, with-patient platform, including tests for blood gases, electrolytes, chemistries, coagulation, hematology, glucose, and cardiac markers. By delivering lab-quality results in minutes, our i-STAT System fosters a collaborative, patient-centered environment while driving improved operational performance.

Requirements

• Bachelor’s degree in finance, Accounting, Business, or related field
• Minimum 4 years of experience in FP&A, Cost Accounting, Manufacturing Finance, or similar roles.
• Strong analytical skills to provide data and analysis to support decision making.

Nice To Haves

• 3 or more years of Manufacturing/Supply Chain experience is ideal.
• 3 or more years of previous experience working in a matrixed and geographically diverse business environment.
• 3 or more years of working knowledge of TM1, SAP, Oracle
• 3 or more years of demonstrated experience in financial and variance analysis working with financial system applications.
• Highly skilled in MS Office Suite (Word, Excel and PowerPoint).
• Strong verbal and written communications with ability to effectively communicate at multiple levels in the organization.
• Former or current experience in Abbott or similar working environment is ideal.

Responsibilities

• Provide cost planning, analysis, and reporting to senior leadership for the Princeton manufacturing site and Division HQ.
• Conduct cost accounting and analysis including purchase price variance, overhead spending analysis, freight and distribution expense, inventory management, and capital spending.
• Work closely with Planning, Purchasing, Manufacturing, Engineering, Quality, Division HQ FP&A, and Commercial FP&A departments to provide detailed financial metrics and information.
• Utilize systems including TM1 and other ERP (system with detailed transactions) to analyze actuals and variances.
• Prepare accounting journal entries, balance sheet reconciliations, and monthly reporting packages to Finance and Business leadership.
• Support the annual standard cost update process, including BOMs, routings, labor rates, overhead rates, and cost build reviews.
• Identify improvement areas and actively work with Finance and IT to gain efficiency.
• Division HQ FP&A Strategic Finance responsibilities: Daily sales, portfolio profitability Analysis, strategic headquarters budgets, and month-end management reporting.
• Work with Corporate Finance Shared Service and Division Finance Teams to support ad-hoc requests.

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: Senior
• Number of Employees: 5,001-10,000 employees