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 122,000 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
This position works out of our Woodridge, MN location in the Structural Heart division, providing dedicated support for the Woodridge site but also supervises Plymouth (MN), and Caguas (Puerto Rico) sites. Our business purpose is to restore health and improve quality of life by designing and providing device and management solutions for treating structural heart disease.
The Site Controller will be responsible for the full range of controllership responsibilities including financial planning, reporting, strategic analysis, and consolidation of site financials. They will establish and comply with financial controls in support of various functional areas covering the following functional areas: Operations, Quality and Engineering, Supply Chain, and Plant Controllership.
This is a site leadership role providing support, advice, strategic and tactical direction to local and divisional management in achieving the annual and long-term objectives and assists in the decision-making process by providing reliable, timely and accurate financial information.
What You’ll Work On
- Business Support: Provide business support, financial counsel, and direction to site leadership for all functional areas (e.g. Ops/Manuf./Eng./QA/Supply Chain/R&D) and their respective staff. This includes support in the establishment of goals; strategies; priorities and tactics.
- Financial Leadership: Set expectations of the financial organization's role in support of the business strategies including alignment with other functional organizations. Manage the development; consolidations; analysis; and explanation/publication of LBE (Latest Best Estimates ~ Forecast). Manage the actual financial accounting and reporting for Functional Area Support including ensuring the accuracy of financial information and related operational metrics including comparisons to appropriate benchmarks. Create ad hoc analysis for use in addressing business issues and strategic opportunities. Owns both short- and long-term forecast including standard cost projection, full P&L and Balance Sheet across site. Drives continuous improvement mindset which results in Gross Margin Improvement year over year both short and long term.
- Management: Direct the Ops Finance SH department; Supervise the department employees and ascertain adherence to Human Resources policies and regulations, including development of department and individual goals and activities, performance evaluations, training and coaching; Advise the SH Plant Director and other staff managers on financial and non-financial activities that impact, complement or improve the facility operations performance. Nurture and develop talent.
- Cost Accounting: Direct and manage all the functions and activities associated with the managerial cost accounting section, such as budgets and strategic plans preparation, manufacturing product costing, manufacturing variance (direct labor, material and overhead) analysis, inventory reconciliations, forecasting and projections, etc. Leads standard cost building every year ensuring cost targets are met.
- Closing and Reporting: Coordinate the timely and accurate preparation of the monthly financial statement, quarterly schedules and year-end financial information packages; Ascertain and assure adherence to the corporate and division due dates for end of the month closing and other financial information requirements; Lead the timely preparation of the monthly performance reports (overhead, absorption and manufacturing variances).
- Internal Controls & Compliance: Ensure SH operations maintains a strong system of internal accounting controls to ascertain proper segregation of duties, appropriate disbursements of company funds, and safeguarding of all company assets; Develop, implement, review and monitor compliance with company policies, guidelines and procedures, relevant to the finance; Maintain accurate accounting records of payroll, accounts payable, general ledgers, financial statements, cost accounting and other finance records in accordance with record retention policies and schedules. Responsible for adhering to corporate financial policies and managing SOX and other internal/external audit requirements for the site.
Required Qualifications
- Bachelor’s Degree Business Administration with Accounting/Finance major.
- Experience/Background: Minimum 10 years overall experience in FP&A with demonstrated finance leadership experience managing a large manufacturing site or group of sites.
- Proficiency in computer applications proficiency (MS Excel, MS Word, MS PowerPoint) and SAP.
- Full knowledge of integrated accounting cycle and information systems; past experience in manufacturing finance including absorption costing
- Demonstrated experience leading and developing team is required.
- Ability to establish systems of internal controls that comply with local and US (Sarbanes–Oxley) regulations.
Preferred Qualifications
- CPA certification or CMA or MBA with Accounting/Finance major preferred
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 X @AbbottNews.
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:
SH Structural Heart
LOCATION:
United States > Minnesota> St. Paul > Woodridge : 177 East County Rd B
ADDITIONAL LOCATIONS:
WORK SHIFT:
Standard
TRAVEL:
Yes, 5 % of the Time
MEDICAL SURVEILLANCE:
No
SIGNIFICANT WORK ACTIVITIES:
Continuous sitting for prolonged periods (more than 2 consecutive hours in an 8 hour day), Continuous standing for prolonged periods (more than 2 consecutive hours in an 8 hour day), 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