Senior Financial Analyst, Abbott Nutrition Supply Chain, Purchasing and Global Supply - Nutrition - Lake County, IL
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Posted : Thursday, November 02, 2023 07:10 PM
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.
Senior Financial Analyst, Abbott Nutrition Supply Chain, Purchasing and Global Supply About Abbott Abbott is a global healthcare leader, creating breakthrough science to improve people’s health.
We’re always looking towards the future, anticipating changes in medical science and technology.
Our nutrition business develops science-based nutrition products for people of all ages, from helping babies and children grow, to keeping adult bodies strong and active.
Millions of people around the world count on our leading brands – including Similac®, PediaSure®, Pedialyte®, Ensure®, Glucerna® and ZonePerfect® – to help get the nutrients they need to live their healthiest life.
Working at Abbott At Abbott, you can do work that matters, grow, and learn, care for yourself and family, be your true self and live a full life.
You’ll also have access to: 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, Medical Benefits start day 1 Vacation – 3 weeks accrued vacation (1st yr.
is prorated) + vacation buy program + 3 personal days + 10 paid holidays Company Paid Pension Plan 401(k) retirement savings with a generous company match of 5% 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 around the world 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 a best place to work for diversity, working mothers, female executives, and scientists.
The stability of a company with a record of strong financial performance and history of being actively involved in local communities The Opportunity This position works out of our Lake County, IL location in the Nutrition Division.
This role provides critical financial support for the Abbott Nutrition material spend of ~$2 billion, which is very volatile.
This person works closely with AN’s Commodity Risk Management team and the One Procurement organization to understand commodity price movements and impact on AN financial performance.
Responsible for Financial Planning, Reporting and Analysis for Abbott Nutrition Purchase Price Variance (PPV).
Assists with setting annual purchasing material standards.
The role requires strong system skills (Essbase, Symphony, HFM, and COGNOS preferred).
Provide primary financial support for the Abbott Nutrition Purchasing Organization.
Responsible for Financial Planning, Reporting and Analysis for Abbott Nutrition Purchase Price Variance (PPV).
Consolidates and publishes financial information related to historical, current, and future performance.
Assists with setting purchasing material standards.
Works closely with Purchasing to understand commodity price movements and impact on AN financial performance.
Performs financial analysis utilizing appropriate financial concepts and techniques.
WHAT YOU’LL DO Work with Purchasing to proactively identify trends in commodity pricing that could impact PPV or standard costs.
Analyze variances and provide comments on current and future pricing implications.
Support annual plan and LBE forecasts to capture the financial impact of Purchase Price Variance.
Ensure accurate and timely monthly financial close and reporting deliverables for PPV and AN Purchasing.
Provide relevant reporting information and present financial results to the stakeholders.
Coordinate activities related to PPV actuals for US and International Purchase Price Variance.
Analyze monthly consolidation of purchase price information to provide a financial summary to management.
Lead the financial planning process for AN Purchasing budget of $6MM.
Present recommendations and conduct discussions with DVP of Procurement and direct reports.
Work cross functionally to build strong working relationships with Risk Management, Purchasing, International Plants, and Global ANSC Finance team.
Drive improvements to data integrity, building robust and agile reporting and process simplification.
Serve as subject matter expert for PPV process and provide insights and recommendations during ERP system implementation.
EDUCATION AND EXPERIENCE, YOU’LL BRING Required: Bachelor’s Degree in Accounting or Finance.
MBA and/or CPA preferred, but not necessary, based on experience.
Preferred: Strong business acumen and competency in relevant financial analysis required Strong communication skills Strategic and innovative thinker that will challenge status quo and become a strong business partner with the Purchasing, HUB and Global Supply organizations 5+ years of progressive financial experience Proficient in Microsoft Office Applications Experience with financial management and accounting systems: Essbase, SAP, Hyperion, COGNOS Mics: PERCENTAGE OF TRAVEL: 5% - depending on the needs Apply Now * Participants who complete a short wellness assessment qualify for FREE coverage in our HIP PPO medical plan.
Free coverage applies in the next calendar year.
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.
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.
The base pay for this position is $71,300.
00 – $142,700.
00.
In specific locations, the pay range may vary from the range posted.
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.
Senior Financial Analyst, Abbott Nutrition Supply Chain, Purchasing and Global Supply About Abbott Abbott is a global healthcare leader, creating breakthrough science to improve people’s health.
We’re always looking towards the future, anticipating changes in medical science and technology.
Our nutrition business develops science-based nutrition products for people of all ages, from helping babies and children grow, to keeping adult bodies strong and active.
Millions of people around the world count on our leading brands – including Similac®, PediaSure®, Pedialyte®, Ensure®, Glucerna® and ZonePerfect® – to help get the nutrients they need to live their healthiest life.
Working at Abbott At Abbott, you can do work that matters, grow, and learn, care for yourself and family, be your true self and live a full life.
You’ll also have access to: 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, Medical Benefits start day 1 Vacation – 3 weeks accrued vacation (1st yr.
is prorated) + vacation buy program + 3 personal days + 10 paid holidays Company Paid Pension Plan 401(k) retirement savings with a generous company match of 5% 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 around the world 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 a best place to work for diversity, working mothers, female executives, and scientists.
The stability of a company with a record of strong financial performance and history of being actively involved in local communities The Opportunity This position works out of our Lake County, IL location in the Nutrition Division.
This role provides critical financial support for the Abbott Nutrition material spend of ~$2 billion, which is very volatile.
This person works closely with AN’s Commodity Risk Management team and the One Procurement organization to understand commodity price movements and impact on AN financial performance.
Responsible for Financial Planning, Reporting and Analysis for Abbott Nutrition Purchase Price Variance (PPV).
Assists with setting annual purchasing material standards.
The role requires strong system skills (Essbase, Symphony, HFM, and COGNOS preferred).
Provide primary financial support for the Abbott Nutrition Purchasing Organization.
Responsible for Financial Planning, Reporting and Analysis for Abbott Nutrition Purchase Price Variance (PPV).
Consolidates and publishes financial information related to historical, current, and future performance.
Assists with setting purchasing material standards.
Works closely with Purchasing to understand commodity price movements and impact on AN financial performance.
Performs financial analysis utilizing appropriate financial concepts and techniques.
WHAT YOU’LL DO Work with Purchasing to proactively identify trends in commodity pricing that could impact PPV or standard costs.
Analyze variances and provide comments on current and future pricing implications.
Support annual plan and LBE forecasts to capture the financial impact of Purchase Price Variance.
Ensure accurate and timely monthly financial close and reporting deliverables for PPV and AN Purchasing.
Provide relevant reporting information and present financial results to the stakeholders.
Coordinate activities related to PPV actuals for US and International Purchase Price Variance.
Analyze monthly consolidation of purchase price information to provide a financial summary to management.
Lead the financial planning process for AN Purchasing budget of $6MM.
Present recommendations and conduct discussions with DVP of Procurement and direct reports.
Work cross functionally to build strong working relationships with Risk Management, Purchasing, International Plants, and Global ANSC Finance team.
Drive improvements to data integrity, building robust and agile reporting and process simplification.
Serve as subject matter expert for PPV process and provide insights and recommendations during ERP system implementation.
EDUCATION AND EXPERIENCE, YOU’LL BRING Required: Bachelor’s Degree in Accounting or Finance.
MBA and/or CPA preferred, but not necessary, based on experience.
Preferred: Strong business acumen and competency in relevant financial analysis required Strong communication skills Strategic and innovative thinker that will challenge status quo and become a strong business partner with the Purchasing, HUB and Global Supply organizations 5+ years of progressive financial experience Proficient in Microsoft Office Applications Experience with financial management and accounting systems: Essbase, SAP, Hyperion, COGNOS Mics: PERCENTAGE OF TRAVEL: 5% - depending on the needs Apply Now * Participants who complete a short wellness assessment qualify for FREE coverage in our HIP PPO medical plan.
Free coverage applies in the next calendar year.
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.
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.
The base pay for this position is $71,300.
00 – $142,700.
00.
In specific locations, the pay range may vary from the range posted.
• Phone : NA
• Location : Abbott Park, IL
• Post ID: 9003837209
