JOB DESCRIPTION:The Opportunity
The Assistant Controller, Transfusion Medicine manages all aspects of financial planning, analysis and reporting related to the consolidated TM business unit (BU) as well as key BU level support functions, including analysis to support key growth and profitability programs. Financial planning activities include long-range plans, the annual plan, regular LBE's, capital planning, and headcount planning. Reporting activities include the monthly close, variance analysis, and internal management reporting. Monthly reporting of results versus benchmarks including prior year, Plan and LBEs. Coordinate financial matters with the TM BU Controller, as well as other members of the division and BU finance teams. Provides primary financial support to the DVP TM Research & Development, Sr Director TM Global Service, and Sr Director TM Global Marketing.
What You’ll Work On
- Responsible for compliance with applicable Corporate and Divisional Policies and procedures.
- Ongoing tasks of this position include performance management of the business and evaluation of direct reports, leadership of all relevant planning & LBE processes, compliance with all corporate policies, and effective financial input into key strategic initiatives.
- Reporting to the TM BU Controller with responsibility to the DVP TM Research & Development, Sr Director TM Global Service, and Sr Director TM Global Marketing.
- Collaborate with TM Area/Functional finance teams, TM R&D, TM Global Service, TM Global Marketing, Core Diagnostics DHQ/GCO, CFS and other corporate and/or local accounting and finance teams on monthly and quarterly accounting and FP&A requirements.
- Act as a key liaison with TM Commercial Area teams to ensure connection of key market and financial results/forecasts, playing a key role in the IBP process.
- Create and/or distribute all planning & reporting templates, schedules, packages, instructions/guidelines and calendars in coordination with CoreDx DHQ and Corporate functions.
- Ensure alignment of expectations of all deliverables through various modes of clear communication (e.g. kick off meetings, deck expectations meetings, post review debriefs, deliverable checklists, minutes templates, concise email explanations etc.).
- Consolidate and report TM financial information for TM leadership and DHQ/Corporate submissions; tell the story of what is driving the business in an easy-to-follow narrative by understanding the key drivers of the businesses and incorporating answers to anticipated questions.
- Analyze TM financials to discover trends, data anomalies, deviations, opportunities, and risks, utilizing external competitive information where applicable - and providing strategies for improvement.
- Establish guidelines and direct the preparation of budgets and forecast updates in accordance with GAAP and BU Requirements.
- Identifies and analyzes business problems and opportunities and evaluates the financial and operational results of the relevant functions.
- Furnishes management with findings and recommendations needed to make significant operational decisions which impact profitability and cash flow.
- Provide Monthly Business Review and other financial dashboards to R&D, Global Service, and Global Marketing teams. Assist in the development, implementation, and administration of business plans, vendor/distributor agreements, marketing promotions, and other contractual support.
- Use input from other functions and business units to learn their best practices, remain in sync with corporate finance strategy and help drive continuous improvement as a core competency.
- Facilitate the sharing of policy updates and best practices on what works and what doesn’t which can help provide a baseline of stability through consistency
- Encourages the professional and management development of the 3 direct finance personnel.
Required Qualifications
- Bachelor's degree in accounting/finance/economics or related;
- Minimum 8-10 years of financial experience with prior experience in commercial operations and/or FP&A
- Wide ranging financial experience, including planning, controls and strategic planning and execution of those plans
- Experience in a fast-paced work environment with frequent deadlines; ability to effectively prioritize and execute tasks
- Ability to balance between the strategic perspective and proper attention to detail when a hand on approach is required
- Previous experience working with large amounts of data/complex processes and proficiency in Excel and PowerPoint.
- Solid accounting knowledge and strong technical systems skills such as Excel, SAP, Hyperion, TM1, Power BI preferred.
- Experience developing financial models that consider multiple variable input factors and analyzing various financial scenarios.
- Strong verbal and written communication skills and ability to interact professionally with a diverse group of internal clients.
- Flexible and well-organized, self-starter, with a strong attention to detail and ability to work independently as well as part of a team.
- Previous experience managing a team a plus
Preferred Qualifications:
Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives: www.abbottbenefits.com
Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life.
The base pay for this position is
$129,300.00 – $258,700.00
In specific locations, the pay range may vary from the range posted.
JOB FAMILY:Financial Planning and Analysis
DIVISION:TM Transfusion Medicine
LOCATION:United States > Lake Forest : CP01
ADDITIONAL LOCATIONS:
WORK SHIFT:Standard
TRAVEL:Yes, 5 % of the Time
MEDICAL SURVEILLANCE:Not Applicable
SIGNIFICANT WORK ACTIVITIES:Continuous sitting for prolonged periods (more than 2 consecutive hours in an 8 hour day), Keyboard use (greater or equal to 50% of the workday)
