Financial Analyst Job at Abbott Laboratories – 4.0 in Santa Clara, CA

Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals, and branded generic medicines. Our 109,000 colleagues serve people in more than 160 countries.

Structural Heart Business Mission: why we exist

Our business purpose is to restore health and improve quality of life through the design and provision of device and management solutions for the treatment of structural heart disease.

We aim to lead the markets we serve by requiring the solutions we offer customers provide an improved benefit/risk profile as compared to existing standards of care; a performance threshold that by definition, guides and ensures the productive output of our engineering, business development, and clinical research efforts result in outcomes that advance the standard of care.


At our location in Plymouth, MN, we are currently recruiting for a Financial Analyst to support Abbott’s Structural Heart (SH) Division. This position is a key value-added role within SH Operations Finance that partners with various levels of leadership to drive financial ownership, cost efficiency, and process improvement. You will be responsible for complex, timely, and accurate financial planning, forecasting, and reporting for the business. Additionally, you will be providing standard cost analysis, manufacturing network strategy, and process improvement.

Consolidate financials from various global manufacturing sites and Divisional cost centers, and provide succinct effective communication to leadership on business performance to identify opportunities and drive improvement. Scope includes Month-End Close, Quarterly Forecasts, Annual Plan & Standard Costs.

Develop budgets in support of Annual Plan and Quarterly Forecasts for Divisional cost centers. Perform variance analysis and identify key drivers in support of business decisions. Conduct regular financial reviews with business partners to communicate financial performance and business issues. Provide valuable insight to influence business to achieve financial goals.

Execute Month-End Close process including journal entries preparation, spending/headcount review, variance analyses, and reporting of monthly results to management.

Provide ad-hoc analyses to support complex decision making within global manufacturing operations and present recommendations to management. Serve as financial lead in cross-functional team environments.

Identify areas that can be improved and constructively propose new solutions that drive efficiencies. Develop and utilize sound financial processes to drive improved business performance.

Support ad hoc internal and external audit requests.



Bachelor’s Degree in Accounting, Finance, or related discipline

2+ years of Financial Planning and Analysis experience

Advanced level of proficiency with Excel (e.g. Pivot tables, VLOOKUP, other functionalities)

Proficiency with PowerPoint

Excellent verbal and written communication skills with ability to communicate

Ability to articulate financial results based on audience

Strong analytical and critical thinking skills

Accuracy and attention to detail


Master’s Degree in Accounting, Finance, or related discipline

Progressive accounting and/or financial planning and analysis experience

Experience with SAP ERP and Hyperion Planning/Essbase systems

Ability to manage tight time commitments in high-pressure situations

Ability to work effectively under uncertainties and flexibility to meet changing priorities in a proactive manner

Strong results orientation and bias for action including a high degree of initiative and self-motivation in understanding business needs and leading others to meet those needs


At Abbott, you can have a good job that can grow into a great career. We offer:

Training and career development, with onboarding programs for new employees and tuition assistance

Financial security through competitive compensation, incentives and retirement plans

Health care and well-being programs including medical, dental, vision, wellness and occupational health programs

Paid time off

401(k) retirement savings with a generous company match

The stability of a company with a record of strong financial performance and history of being actively involved in local communities

Learn more about our benefits that add real value to your life to help you live fully: http://www.abbottbenefits.com/pages/candidate.aspx

Follow your career aspirations to Abbott for diverse opportunities with a company that provides the growth and strength to build your future. Abbott is an Equal Opportunity Employer, committed to employee diversity.

Connect with us at www.abbott.com, on Facebook at www.facebook.com/Abbott and on Twitter @AbbottNews and @AbbottGlobal.

About the Company

Company: Abbott Laboratories – 4.0

Company Location:  Santa Clara, CA

Estimated Salary:

About Abbott Laboratories - 4.0