Field Finance Manager

Field Finance Manager 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.

This position works out of our Austin, TX location in the Electrophysiology Medical Device division. In Abbott’s Electrophysiology (EP) business, we’re advancing the treatment of heart disease through breakthrough medical technologies in atrial fibrillation, allowing people to restore their health and get on with their lives.

• Acts independently, produces complex and high impact business/financial analyses and decision support to increase sales productivity, and execute planning, budgeting/forecasting, and sales/financial performance assessment processes for the US commercial organization.
• Reviews various sales data, and provides management with current performance assessments, trend analyses, recommended success metrics and measurement processes, and proposals to improve efficiency and productivity of the sales force, revenue generation, and profit increases.
• Prepares budgets and forecasts for planning purposes and for required reporting.
• Identifies and routinely uses the most effective, cost efficient and best business practices to execute processes; continually evaluates their effectiveness and appropriateness. Exercises judgment in planning, organizing and performing work; monitors performance and reports status within area of responsibility.
• Remains current on developments in field(s) of expertise. May represent the Finance Department and resolve field problems and/or determine priorities related to the above.

• Reviews sales objectives, analyzes data, understands sales process and business model, and develops and recommends solutions in the areas of territory alignment, sales reps efficiency/productivity, expense management, manpower planning.
• Reviews revenue data by geography, account, product, and rep, evaluates performance, highlights key issues, and recommends areas of focus for improvement to sales management; in some instances, works with other sales functions, finance, and marketing to develop business solutions to key problems.
• Interprets the effect of operating results on the company’s financial posture and makes specific recommendations, which will result in cost reductions and profit improvements.
• Representing financial management for the geography, leads, executes and monitors results for the following financial processes:
  • Annual Business Plan development comprised of:
  • Revenue Plan by Product by Region, by Area
  • Personnel Plan
  • Overhead Expense Plan
  • Quarterly Forecasts and Outlooks
• Provides departmental manpower targets and negotiates departmental budgets.
• Monitors and approves manpower on a continuous basis to ensure departmental adherence to budgets and appropriateness of open positions.
• Assesses department capital requirements for budget justification.
• Monitors and approves capital expenditures throughout the year to ensure departmental adherence to budgets. Evaluates changes in requirements throughout the year.
• Analyzes and reports on financial impacts associated with special events, actions and requirements.
• Assists in the preparation of strategic plans and analyses for planning and future business alternatives.
• Compiles, analyzes, and presents findings on financial and sales competitive…