Finance Supervisor



Accounting & Finance, People & HR, Operations
Lake Forest, IL, USA
Posted on Tuesday, July 9, 2024

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 114,000 colleagues serve people in more than 160 countries.

Finance Supervisor

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:

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

  • Free medical coverage for employees* via the Health Investment Plan (HIP) PPO

  • An excellent retirement savings plan with 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 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 Opportunity

The US Affiliate of the Infectious Diseases Developed Markets (IDD) Business Unit has a new position for Finance Supervisor. They will assist the Finance Manager with supporting IDD’s commercial strategy by providing business partners with value added insightful, and actionable financial analysis and recommendations. In addition, they will assist in developing the Affiliates rolling pricing forecasts and providing accurate and succinct stories behind historical and forecasted financial performance.

What You’ll Work On

  • Coordinate and assist the Finance Manager, Corporate/National Account Directors and Sales/Commercial leaders in on-going pricing, promotion & contract negotiations with key customers.

  • Support the on-going pricing planning process interacting with Corporate Accounts, Marketing, and distribution partners for consistent, standardized and timely financial reviews

  • Develop an understanding of the product offerings, local business dynamics, while establishing efficient processes and tools to effectively analyze financial performance.

  • Assist in the modeling of financial implications of various promotions being provided to customers.

  • Assist in the development of profitability/pricing analysis for IDD product portfolio to influence and counsel business stakeholders on appropriate business strategies and pricing decisions.

  • Support Market size and Market share forecast for major product lines.

  • Provide analysis of historical financials, historical pricing, variance explanations of business drivers and help identify what levelers may be pulled to optimize performance and meet business goals.

  • Responsible to alert Finance Manager on a timely basis for any issues/unexpected trend in actual/LBE/Plan results and proactively offer solutions.

  • Perform ad hoc requests for senior management, with financial modeling and presentation support.

Required Qualifications

  • Bachelor's in finance or accounting

  • 5-7 years of accounting, auditing, finance or commercial finance experience.

  • Strong analytical, problem solving and interpersonal skills.

Preferred Qualifications

  • Master's in finance or accounting

  • CPAs preferred

  • Experience in pharmaceutical industry would be an asset

Technical Knowledge, Abilities & Skills:

  • Strong written and verbal skills enabling effective communication with all levels of management.

  • Individual must be self-motivated with great follow-up skills and be able to work independently.

  • Strong organizational skills required to coordinate and manage multiple work processes and projects.

  • Strong analytic skills, conceptual thinking, ability to analyze and problem solve with incomplete or ambiguous data.

  • Advanced knowledge in Excel and PowerPoint and Proficient in Access and Word.

  • Experience with SAP, SQL and Power BI desired.

Key Competencies:

  • Builds strong relationships with peers and cross functionally with partners outside of team to enable higher performance.

  • Quick leaner and grasps the “essence” and can change the course quickly where indicated.

  • Raises the bar and is never satisfied with the status quo.

  • Creates a learning environment, open to suggestions and experimentation for improvement.

  • Embraces the ideas of others, nurtures innovation and manages innovation to reality.

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:

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.

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The base pay for this position is $83,000.00 – $166,000.00. In specific locations, the pay range may vary from the range posted.