Finance Supervisor

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.

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.

Diagnostic testing is a compass, providing information that helps in the prevention, diagnosis and treatment of a range of health conditions. Abbott’s life-changing tests and diagnostic tools give you accurate, timely information to better manage your health. We’re empowering smarter medical and economic decision making to help transform the way people manage their health at all stages of life. Every day, more than 10 million tests are run on Abbott’s diagnostics instruments, providing lab results for millions of people.

The Opportunity:

Our location in Lake County, IL, currently has an opportunity for a Finance Supervisor – US Commercial. This team member is responsible for assisting with all Core Lab FP&A Planning and Monthly Actuals Reporting processes for a $300 million sales channel, providing direct financial support for the US Commercial team and interfacing directly with Sales Directors and Area DVP to accomplish goals/tasks.

This position works independently and collaborates with the Finance and business teams. This role is integral to the preparation and review of Plan, LBE (Latest Best Estimate) and Integrated Business Plan (IBP), as well as monthly close process and will be called upon to adapt to changes in the business environment and/or commercial strategy, implementing solutions to meet the needs of the management team.

Additionally, the Supervisor will need to focus on understanding the product offerings, business dynamics, as well as establishing efficient processes and tools to effectively analyze and support new business opportunities.

• Partner with the commercial teams to create and maintain sales forecasts for the annual Plan, monthly IBPs, and quarterly LBEs.
• This includes coordinating regular meetings with business teams, consolidation of regional data, challenging assumptions, and using professional judgement to create a forecast.
• Own the P&L for assigned areas, including gross-to-net sales adjustments, customer rebate accruals, price/volume/mix analytics, and expense analysis.
• Investigate any significant variances and look for opportunities to improve margin.
• Collaborate with Commercial Excellence to understand pipeline, forecast revenue and P&L, understand and challenge key assumptions.
• Identify and communicate any gaps or issues in achieving targets.
• IBP and LBE system load submissions and tie out for sales and product cost for Total USO.
• Develop ad-hoc business analysis and…