Finance Controller, US Commercial Operations

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 115,000 colleagues serve people in more than 160 countries.

     

JOB DESCRIPTION:

WORKING AT ABBOTT:
 

At Abbott, you can do work that matters, grow, and learn, care for yourself and your family, be your true self, and live a full life. You’ll also have access to:

• Career development with an international company where you can grow the career you dream of.

• 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.

• A company recognized as a great place to work in dozens of countries worldwide and named one of the most admired companies in the world by Fortune.

• A company that is recognized as one of the best big companies to work for as well as the best place to work for diversity, working mothers, female executives, and scientists.

THE OPPORTUNITY:
 

Structural Heart Mission

At Structural Heart, our mission 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 will lead the markets we serve by requiring the solutions we offer provide an improved benefit-to-risk profile as compared to existing standards of care.
 

Based in our New Brighton, Minnesota offices the Finance Controller, US Commercial Operations is a critical finance leadership role supporting our US Commercial Structural Heart business. The Finance Controller manages all aspects of financial planning and accounting, sales operations, compensation design, and customer service activities. Financial planning activities include long-range plans, the annual plan, quarterly LBE forecasts, product launches, capital budgeting, and headcount planning. Financial analysis includes insource vs outsource, ROI decisions, and other strategic analyses. Accounting activities include the monthly accounting close, performance reporting, variance analysis, consignment inventory verification, inventory reserve analysis, capital project tracking and fixed asset capitalization. The Finance Controller coordinates and partners with Structural Heart US Commercial Leadership team, as well as with the Structural Heart Controller and division finance.

WHAT YOU'LL WORK ON:
 

• Develop appropriate financial strategies and implement strategic initiatives aligned to SH Division priorities.

• Lead the quarterly financial forecasting process and long-term planning process to ensure the latest financial projections include robust assumptions supported by data and insights, taking into account all applicable risks and opportunities. 

• Provide support to SH Division through effective financial analysis, evaluation of financial performance, financial justification for business decisions, gross-to-net & SG&A analysis, gross margin improvement initiatives, OEM modeling, process simplification, risk evaluation, development of data-driven insight capabilities, and return on investment modeling.

• Summarize and communicate complex financial situations in a clear and concise manner. 

• Build a strong internal control environment, including effective monitoring of inventory balances and related activities. 

• Manage a cross-functional team of finance, analytics, and customer service talent; develop robust succession planning and ensure development plans are in place for key finance roles and talents.

• Monitor the region’s monthly financial performance and cash flow against latest financial commitment.  Ensure senior management is advised timely on financial exposure and issues.

• Advise senior management on opportunities for profit maximization, resource prioritization, and negotiations on new contracts. Anticipate market dynamics that can impact the business.

• Work closely with cross functional teams including Marketing, Supply Chain, Rebates, Logistics, and Commercial Excellence in order to drive favorable business performance.

REQUIRED QUALIFICATIONS:
 

• Bachelor Degree in Accounting and/or Finance

• Minimum of 15+ years of relevant experience in a fast-paced work environment with frequent deadlines; ability to effectively prioritize and execute tasks

• Prior experience managing a large and diverse cross-functional team

• Strong analytical, time management and people skills

• Strong verbal and written communication skills and ability to interact professionally with a diverse group of people

• Flexible and well-organized with a strong attention to detail

• Ability to effectively translate complex financial data and business strategy into concise and insightful executive summaries

• Ensuring accountability and consistently achieving results, even under tough circumstances

PREFERRED QUALIFICATIONS:
 

• MBA and/or CPA preferred

• Prior experience in pharmaceutical or medical device

• Prior experience in commercial sales areas

• Demonstrated experience in working in multinational companies and cross-functional environments.

APPLY NOW:

 

Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives: https://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. Abbott is an Equal Opportunity Employer, committed to employee diversity.

Connect with us at abbott.com, on LinkedIn at https://www.linkedin.com/company/abbott-/, and on Facebook at https://www.facebook.com/AbbottCareers.

     

The base pay for this position is

$171,300.00 – $342,700.00

In specific locations, the pay range may vary from the range posted.

     

JOB FAMILY:

Financial Planning and Analysis

     

DIVISION:

SH Structural Heart

        

LOCATION:

United States > Minnesota > St. Paul : 1225 Old Highway 8 NW

     

ADDITIONAL LOCATIONS:

     

WORK SHIFT:

Standard

     

TRAVEL:

Yes, 5 % of the Time

     

MEDICAL SURVEILLANCE:

Not Applicable

     

SIGNIFICANT WORK ACTIVITIES:

Keyboard use (greater or equal to 50% of the workday)

     

Abbott is an Equal Opportunity Employer of Minorities/Women/Individuals with Disabilities/Protected Veterans.

     

EEO is the Law link - English: http://webstorage.abbott.com/common/External/EEO_English.pdf

     

EEO is the Law link - Espanol: http://webstorage.abbott.com/common/External/EEO_Spanish.pdf