Abbott

Director, Commercial Finance U.S.

Abbott • $149K — $298K *
Lake Forest, IL 60045In-Person
Finance & Insurance
11 - 15 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in Accounting or Finance.
  • 12-15 years of experience in Accounting/Finance, including 6-8 years in supervisory/management roles.
  • Strong understanding of GAAP and Abbott accounting procedures.
  • Ability to navigate and improve processes within Division and overall Corporation.
  • Creative problem-solving skills, particularly in ambiguous settings.

Responsibilities

  • Lead financial planning activities including budgets, forecasts, and analyses.
  • Monitor financial performance, analyze variances, and identify cost-reduction opportunities.
  • Translate complex financial data into clear insights for stakeholders.
  • Ensure compliance with GAAP and Abbott financial policies.
  • Oversee financial reporting, consolidation, and accuracy of records.
  • Enhance financial planning systems and quality control processes.
  • Develop and manage a finance team, fostering growth and recruitment.

Benefits

  • Health and wellness benefits for you and your family.
  • Opportunities for professional growth and development.
  • Supportive work environment promoting work-life balance.
  • Engagement in diverse and impactful projects within the health sector.
Full Job Description
JOB DESCRIPTION:

The Opportunity

Abbott Rapid and Molecular Diagnostics (RMDx) - Infectious Disease (ID) is seeking a Director, Commercial Finance that will be responsible for the oversight and coordination of the Division's financial planning activities in U.S. including the compilation, analysis, and distribution of management review packages for Long Range Plans, month end reporting and Latest Best Estimates (LBEs). Oversight of the preparation and analysis of Division Office P&Ls for the above planning activities as well as for month - end Actuals, being the liaison between Division Finance and the various divisional financial planning groups around the world plus Corporate Finance, and oversight of all Division-level daily and month-end sales reporting.

What You'll Work On

  • Strategic Leadership: Partner with the Division President and senior leadership to influence decision-making, improve cost effectiveness, drive business excellence initiatives, and identify opportunities to protect and grow profitability.
  • Financial Planning & Analysis: Lead the preparation of budgets, forecasts, OEM, Latest Best Estimates (LBEs), and financial updates while providing insightful analysis and challenging assumptions when necessary.
  • Business Performance Management: Monitor financial results, analyze variances, identify cost-reduction opportunities, assess business risks, and recommend actions to achieve short- and long-term objectives.
  • Executive Communication: Translate complex financial information into clear, actionable insights for both finance and non-finance stakeholders and prepare presentations for senior leadership and corporate management.
  • Governance & Compliance: Ensure compliance with GAAP, Abbott financial policies, Sarbanes-Oxley requirements, and maintain strong financial controls, reporting accuracy, and data integrity.
  • Financial Reporting: Oversee monthly, quarterly, and annual financial reporting, consolidations, variance analyses, and the integrity of divisional financial records.
  • Systems & Process Improvement: Maintain and enhance financial planning systems and ensure quality control over financial submissions, assumptions, and reporting processes.
  • People Leadership: Lead and develop a finance team, recruit top talent, provide growth opportunities, and manage multiple direct reports.
  • Decision Making & Influence: Operate independently with minimal direction, adapt to changing priorities, make decisions with limited information when necessary, and balance divisional needs with corporate objectives.


Required Qualifications

  • Bachelors Degree BA or BS in Accounting or Finance.
  • 12-15 years experience in the areas of Accounting/Finance, including 6-8 years of supervisory/ management experience.
  • Solid working knowledge of generally accepted accounting principles as well as Abbott accounting procedures (CFMs). There is considerable contact with a variety of financial and operating personnel at various levels in other Divisions and Corporate, and as a result a high degree of human relations and communication's skills is required.
  • Understanding of the related functions both within the Division and the rest of the Corporation. This includes evaluating results and making recommendations for improvement. It also includes planning for constant change within the Division.
  • Creativity and the ability to work in an ambiguous and unstructured environment.


Preferred Qualifications

  • CPA or CMA; incumbent is responsible for the proper accounting and providing advice on accounting ramifications of business decisions for the division.


APPLY NOW

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
$149,300.00 - $298,700.00
In specific locations, the pay range may vary from the range posted.

JOB FAMILY:
Financial Planning and Analysis

DIVISION:
ID Infectious Disease

LOCATION:
United States > Lake Forest : J55

ADDITIONAL LOCATIONS:

WORK SHIFT:
Standard

TRAVEL:
Yes, 20 % of the Time

MEDICAL SURVEILLANCE:
Not Applicable

SIGNIFICANT WORK ACTIVITIES:
Keyboard use (greater or equal to 50% of the workday)

About Abbott

Abbott Careers

Joining Abbott means becoming part of a globally diverse team dedicated to making a lasting impact on human health. As a leader in healthcare innovation, Abbott provides a dynamic workplace where careers flourish through growth, leadership, and diversity training.

Opportunities at Abbott

Explore a world of opportunities with our team. Whether you're seeking job opportunities in engineering, marketing, research, or healthcare, Abbott offers a variety of positions that allow professionals to grow their careers. Our commitment to diversity and innovation is evident in every aspect of our work, fostering an inclusive culture that values each team member's contribution.

Work You'll Do

At Abbott, every role contributes to our mission of helping people live fuller lives through better health. From groundbreaking research in medical devices to advancements in pharmaceuticals, our team is at the forefront of healthcare innovation. By joining Abbott, you are not just accepting a job; you are embarking on a path of professional and personal growth.

Internship Programs

Kickstart your career with an Abbott internship. Our programs provide invaluable industry experience and a chance to develop essential skills in a real-world setting. Interns at Abbott work on projects that matter, gaining the experience and knowledge necessary to succeed in their future careers.

Professional Development

Abbott is dedicated to the continuous professional development of its employees. With access to cutting-edge technology, leadership programs, and diversity training, our team members are equipped to lead and innovate within the healthcare industry. We support your career journey with robust training programs, mentorship, and opportunities for networking and professional growth.

Benefits and Culture

Our employees enjoy comprehensive benefits designed to support their life and well-being. From health insurance to retirement plans, we ensure our team has everything they need to thrive. Abbott's culture is built on a foundation of respect and integrity, united by a shared commitment to improving health outcomes.

Join Our Team

Discover the impact you can make with a career at Abbott. We are hiring individuals who are passionate, curious, and driven to lead. Search open positions that match your skills and interests on our Jobs page. Prepare your resume, sharpen your interview skills, and get ready to join a team that's at the cutting edge of healthcare solutions.

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Explore Abbott

With a commitment to improving life through innovation, leadership, and diversity, Abbott is a place where you can fulfill your potential. See what exciting and rewarding opportunities await at Abbott by exploring our career opportunities today.

SEARCH ABBOTT JOBS

Join us in our mission to make the world a healthier place through innovation, leadership, and diversity. Your journey to a fulfilling career at Abbott starts here.
Learn more about Abbott
Size
113,000 employees
Market Cap
$189 billion
Industry
Healthcare
Net Income
$4.4 billion
Founded
1944
5 Year Trend
+15.6%
Revenue
$34.6 billion
NASDAQ
ABT
* Ladders Estimates

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